Common use of Term of the Pledge Clause in Contracts

Term of the Pledge. 3.1 The Pledge shall become effective from the date that the Pledged Equity Interest under this Agreement has been registered with the relevant administration for market regulation (“AMR”). The Pledge shall remain effective until (1) all Contract Obligations have been fully performed and all Secured Debts has been fully paid, or (2) the Pledgee and/or the designated person shall, subject to the PRC laws, decide to purchase the entire equity interests of Party C held by the Pledgor in accordance with the Exclusive Option Agreement, and such equity interests of Party C has been transferred to the Pledgee and/or the designated person in accordance with the laws, and the Pledgee and the designated person can legally engage in the business of Party C. The Pledgor and Party C shall (i) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (II) submit an application to the relevant AMR for the registration of the Pledge under this Agreement within 30 business days following the execution of this Agreement. The Parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to AMR this Agreement or an equity pledge agreement in the form required by the AMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AMR Pledge Agreement”). For matters not specified in the AMR Pledge Agreement, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the competent AMR, to ensure that the Pledge shall be registered with the AMR as soon as possible after submission for filing.

Term of the Pledge. 3.1 The Pledge shall become effective come into effect from the date that of being successfully registered in the Pledged Equity Interest under this Agreement has been registered with market supervision and management department of the relevant administration for market regulation place where Party C locates (the “AMRregistration office”). The Pledge term of the pledge (“Term of the Pledge”) shall remain effective valid until (1) all Contract Obligations have been fully the last contractual obligation and debt secured by the pledge is performed or compensated. The parties agree that, the xxxxxxx and all Secured Debts has been fully paid, or (2) the Pledgee and/or the designated person shall, subject Party A shall apply to the PRC laws, decide registration office for registering the equity pledge pursuant to purchase the entire equity interests related applicable laws and regulations in seven (7) business days from the date of Party C held signing this Contract or other longer period otherwise agreed by the Pledgor pledgee in accordance writing. The parties further agree, within thirty (30) business days from the day that the registration office officially accepts the equity pledge registration application, to handle with all of the Exclusive Option Agreementequity pledge registration procedures, obtain the notice of registration issued by the registration office and such make sure that the registration office completely and accurately records the matter of equity interests of Party C has been transferred to the Pledgee and/or the designated person in accordance with the laws, and the Pledgee and the designated person can legally engage pledge in the business of Party C. The Pledgor and Party C shall (i) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (II) submit an application to the relevant AMR for the registration of the Pledge under this Agreement within 30 business days following the execution of this Agreementequity pledge register. The Parties covenant that parties jointly agree, for the purpose of registration handling with the procedures of the Pledgeequity pledge registration, the parties hereto and all other shareholders of Party C (if any) shall submit to AMR file this Agreement Contract or an equity pledge agreement contract signed in the form required by the AMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AMR Pledge Agreement”). For matters not specified in the AMR Pledge Agreement, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws registration office of the place where Party C locates and regulations and truly reflecting the competent AMR, to ensure that equity information stipulated hereunder (“the Pledge Contract for Registration”) to the registration office. Any issues unmentioned in the pledge contract for registration shall be registered with subject to this Contract. If any matter in the AMR as soon as possible after submission Pledge Contract for filingRegistration conflicts to this Contract, it shall be subject to this Contract.

Term of the Pledge. 3.1 The Pledge shall become effective from the date that the Pledged Equity Interest under this Agreement has been registered with the relevant administration for market regulation (“AMR”). The Pledge shall remain effective until (1) all Contract Obligations have been fully performed and all Secured Debts has been fully paid, or (2) the Pledgee and/or the designated person shallperson, subject to the PRC laws, decide to purchase the entire equity interests of Party C held by the Pledgor in accordance with the Exclusive Option Agreement, and such equity interests interest of Party C has been transferred to the Pledgee and/or the designated person in accordance with the laws, and the Pledgee and the designated person can legally engage in the business of Party C. The Pledgor and Party C shall (i) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (IIii) submit an application to the relevant AMR for the registration of the Pledge under this Agreement within 30 business days following the execution of this Agreement. The Parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to AMR this Agreement or an equity pledge agreement in the form required by the AMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AMR Pledge Agreement”). For matters not specified in the AMR Pledge Agreement, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the competent AMR, to ensure that the Pledge shall be registered with the AMR as soon as possible after submission for filing.. ​

Term of the Pledge. 3.1 The 3.1The Pledge shall become effective from the date that the Pledged Equity Interest under this Agreement has been registered with the relevant administration for market regulation (“AMR”). The Pledge shall remain effective until (1) all Contract Obligations have been fully performed and all Secured Debts has been fully paid, or (2) the Pledgee and/or the designated person shallperson, subject to the PRC laws, decide to purchase the entire equity interests of in Party C held by the Pledgor in accordance with the Exclusive Option Agreement, and such equity interests of Party C has been transferred to the Pledgee and/or the designated person in accordance with the laws, and the Pledgee and the designated person can legally engage in the business of Party C. The Pledgor and Party C shall (i) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (IIii) submit an application to the relevant AMR for the registration of the Pledge under this Agreement within 30 business days following the execution of this Agreement. The Parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to AMR this Agreement or an equity pledge agreement in the form required by the AMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AMR Pledge Agreement”). For matters not specified in the AMR Pledge Agreement, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the competent AMR, to ensure that the Pledge shall be registered with the AMR as soon as possible after submission for filing.

Term of the Pledge. 3.1 The Pledge shall become effective from the date that the Pledged Equity Interest under this Agreement has been registered with the relevant administration for market regulation (“AMR”). The Pledge shall remain effective until (1) all Contract Obligations have been fully performed and all Secured Debts has been fully paid, or (2) the Pledgee and/or the designated person shall, subject to the PRC laws, decide to purchase the entire equity interests of Party C held by the Pledgor Pledgors in accordance with the Exclusive Option Agreement, and such equity interests of Party C has been transferred to the Pledgee and/or the designated person in accordance with the laws, and the Pledgee and the designated person can legally engage in the business of Party C. The Pledgor and Party C shall (i) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (IIii) submit an application to the relevant AMR for the registration of the Pledge under this Agreement within 30 business days following the execution of this Agreement. The Parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to AMR this Agreement or an equity pledge agreement in the form required by the AMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AMR Pledge Agreement”). For matters not specified in the AMR Pledge Agreement, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the competent AMR, to ensure that the Pledge shall be registered with the AMR as soon as possible after submission for filing.. ​

Term of the Pledge. 3.1 The 3.1The Pledge shall become effective from the date that the Pledged Equity Interest under this Agreement has been registered with the relevant administration for market regulation (“AMR”). The Pledge shall remain effective until (1) all Contract Obligations have been fully performed and all Secured Debts has been fully paid, or (2) the Pledgee and/or the designated person shall, subject to the PRC laws, decide to purchase the entire equity interests of Party C held by the Pledgor in accordance with the Exclusive Option Agreement, and such equity interests of Party C has been transferred to the Pledgee and/or the designated person in accordance with the laws, and the Pledgee and the designated person can legally engage in the business of Party C. The Pledgor and Party C shall (i) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (IIii) submit an application to the relevant AMR for the registration of the Pledge under this Agreement within 30 business days following the execution of this Agreement. The Parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to AMR this Agreement or an equity pledge agreement in the form required by the AMR at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AMR Pledge Agreement”). For matters not specified in the AMR Pledge Agreement, the Parties shall be bound by the provisions of this Agreement. The Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the relevant PRC laws and regulations and the competent AMR, to ensure that the Pledge shall be registered with the AMR as soon as possible after submission for filing.