Pledged Equity Interests definition
Examples of Pledged Equity Interests in a sentence
As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd.
Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd or the increase in equity due to the acquisition of equity shall also be the Pledged Equity Interests.
Each Credit Party will not give a subsequent proxy or power of attorney or enter into any other voting agreement with respect to the Pledged Equity Interests with respect to any Article 8 Matter and any attempt to do so with respect to an Article 8 Matter shall be void and of no effect.
The proxy granted and appointed in this Section 3.05(e) shall include the right to sign such Credit Party’s name to any consent, certificate or other document relating to an Article 8 Matter and the Pledged Equity Interests that applicable law may permit or require, to cause the Pledged Equity Interests to be voted in accordance with the preceding sentence.
Any sums paid upon or in respect of Pledged Equity Interests upon the liquidation or dissolution of the issuer thereof shall be paid over to the Administrative Agent, on behalf of the Secured Parties, to be promptly applied by it pursuant to Section 5.02.