Disposal of the Pledged Shares. 4.1 The Pledgors, the Company and the Pledgee hereby agree that, if any Event of Default occurs, the Pledgee shall be entitled to, after giving written notices to the Pledgors, exercise any and all rights, remedies and powers that the Pledgee is entitled to in accordance with the PRC Laws, the Transaction Agreements and the Agreement, including (but without limitation to) a first priority interest in receiving any proceeds from an auction of or other sale of the Pledged Shares. The Pledgee shall not be held responsible for any loss caused by its reasonable exercise of such rights and powers.
Appears in 5 contracts
Samples: Equity Pledge Agreement (Cheetah Mobile Inc.), Equity Pledge Agreement (Kingsoft Internet Software Holdings LTD), Equity Pledge Agreement (Cheetah Mobile Inc.)
