Liability of Default. If the Pledgor breaches any provision of this Agreement, the Pledgor constitutes a default. The Beneficiary is then entitled to require the Obligor to assume consequences in accordance with this Agreement, including realizing the Pledge under this Agreement. Any breaching Party shall indemnify the other Parties for all direct economic losses arising from its default.
Appears in 5 contracts
Samples: Equity Interest Pledge Agreement (JOYY Inc.), Equity Interest Pledge Agreement (JOYY Inc.), Equity Interest Pledge Agreement (JOYY Inc.)
