Common use of Disposition of pledge Clause in Contracts

Disposition of pledge. 4.1. The Pledgor, Company and the Pledgee hereby agrees that, in the Event of Default, the Pledgee have the right to exercise the all remedy rights and power after sending the written consent to the Pledgor under the PRC laws, the terms of the Transaction Documents, including but not limited to get the prior compensation via auctioning or selling the Pledge. The Pledgee shall not be liable for any loss incurred by its duly exercise of such rights and powers.

Disposition of pledge. 4.1. The Pledgor, Company company and the Pledgee hereby agrees that, in the Event of Default, the Pledgee have the right to exercise the all remedy rights and power after sending the written consent to the Pledgor under the PRC laws, the terms of the Transaction Documents, Documents including but not limited to get the prior compensation via auctioning or selling the Pledge. The Pledgee shall not be liable for any loss incurred by its duly exercise of such rights and powers.