Pledge Right definition

Pledge Right means the priority right the Pledgee owns, with respect to the proceedings arising from selling at a discount, auction of, or selling off the equity interests pledged by the Pledgor to the Pledgee.

Pledge Right means the security interest granted to the Pledgee by the Pledgors according to Article 2 hereunder, which is, the Pledgee’s right whereby the Pledgee may convert the Equity Interest pledged to it by the Pledgors into money or preempt the proceeds from the auction or sale of the said Equity Interest.

Pledge Right refers to the full content of Article 2 hereof.

Examples of Pledge Right in a sentence

• Party B fulfills the repayment as scheduled, the Pledge Right shall be terminated.

• Party C acknowledges the respective rights and obligations of the Pledgors and the Pledgee hereunder and agrees to provide any necessary assistance to register the Pledge Right.

• The Pledgors and Party C shall submit all necessary documents and complete all necessary formalities in accordance with the laws and regulations of the PRC and various requirements of the competent administrative authority for industry and commerce to ensure the Pledge Right is registered as soon as practicable after the submission of application.

• The Parties jointly acknowledge that, for the purpose of completing Equity pledge registration formalities, the Parties shall submit this Agreement or an Equity pledge contract which is executed in the form requested by the administrative authority for industry and commerce in the locality of Party C and truly reflects the information regarding the Pledge Right hereunder (the “Pledge Agreement for Industrial and Commercial Registration”) to the administrative authority for industry and commerce.

• The Parties agree that within 3 working days from the execution of this Agreement, the Pledgors and Party C shall register their Pledge Right into the register of shareholders of Party C; within 30 working days from the execution of this Agreement, the Pledgors and Party C shall register the Equity Interest pledge hereunder with the industrial and commercial authority of Party C’s domicile.

More Definitions of Pledge Right

Pledge Right means the guarantee interest granted by the Pledgors to the Pledgee in accordance with Article 2 of this Agreement, i.e., the right of the Pledgee to be compensated in a preferential way with the proceeds from the conversion, auction or sale of the Equity Interest.

Pledge Right shall have the meaning as provided in Article 2 hereunder.

Pledge Right shall refer to all the contents as described in Section 2 below.

Pledge Right means the full content of Article 2 hereunder.

Pledge Right refer to the priority enjoyed by Party A to be compensated with proceeds from evaluation or auction or sale of the equity pledged to it.

Pledge Right means shall contents set forth in Section 2 hereof.

Pledge Right shall refer to the right of the Pledgee in the Pledge, including but not limited to, converting the registered owner of the Equity Interest from Pledgor to Pledgee.