Pledgor and Party Sample Clauses
The "Pledgor and Party" clause defines the roles and responsibilities of the pledgor (the party providing collateral) and the other party or parties involved in a secured transaction. Typically, this clause clarifies which party is granting a security interest in certain assets and which party is the beneficiary of that security interest, often in the context of a loan or credit agreement. By clearly identifying each party's role, the clause ensures that the obligations and rights related to the pledged collateral are unambiguous, thereby reducing the risk of disputes and facilitating enforcement if necessary.
Pledgor and Party. C shall promptly notify Pledgee of any event or notice received by Pledgor that may have an impact on the Equity Interest or any portion thereof, as well as any event or notice received by Pledgor that may have an impact on any guarantees and other obligations of Pledgor arising out of this Agreement.
Pledgor and Party. C shall strictly abide by the provisions of this Agreement and other contracts jointly or separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any remaining rights of Pledgor with respect to the Equity Interest pledged hereunder shall not be exercised by Pledgor except in accordance with the written instructions of Pledgee.
Pledgor and Party. C fail to register the Pledge in the shareholders’ register of Party C or fail to complete the Registration of Pledge as stipulated in Section 3.1;