Common use of Valid Security Clause in Contracts

Valid Security. Each Share Charge Agreement, once entered into by all parties thereto and duly registered and filed, will create the security interest which it purports to create with the ranking and priority it is expressed to have, and such security interests are valid and effective. All necessary registration or filings in respect of the Share Charge Agreements will be obtained in accordance with their terms.

Appears in 2 contracts

Sources: Convertible Bond Purchase Agreement, Convertible Bond Purchase Agreement (Han Shaoyun)