Substitution for Pledgor. If an Event of Default shall have occurred and be continuing, then, in addition to any other rights and remedies provided for herein or otherwise available to it under any Loan Document or by law, the Pledgee may, and upon the request of the Lenders shall, exercise the powers of attorney set forth in Section 4.1 of this Agreement, and shall be entitled, without limitation, to exercise the following rights, which the Pledgor hereby agrees to be commercially reasonable:
Appears in 4 contracts
Samples: Share Pledge Agreement (Panda Global Holdings Inc), Share Pledge Agreement (Panda Global Holdings Inc), Share Pledge Agreement (Panda Global Holdings Inc)
