Pledge Term definition
Examples of Pledge Term in a sentence
The Pledgee shall keep custody of such documents during the entire Pledge Term set forth herein.
The Pledgee will keep such documents during the whole Pledge Term hereunder.
The Pledgee will keep such documents during the entire Pledge Term under this Agreement.
During the Pledge Term, if the Pledgor buys any newly issued capital of the company (“New Equity”), the New Equity shall automatically become part of the Pledge under the terms of this agreement.
During the Pledge Term, the Pledgor shall instruct the company not to distribute any dividends, profits or other distribution plan; if Pledgor receives any dividends, profit distribution or other economic benefits from the equity interest, Pledgor shall, in accordance with Pledgee’s instructions, transfer such proceeds to a designated account of Pledgee, and shall not move such proceeds without the prior written consent of Pledgee.