Event of defaults; Remedies. Upon the occurrence of an Event of Default, Pledgee may, without notice to or demand on the Pledgors and in addition to all rights and remedies available to Pledgee, at law, in equity or otherwise, do any of the following: (a) require the Pledgors to immediately pay all outstanding unpaid amounts due under the Consulting Services Agreement; (b) foreclose or otherwise enforce Pledgee’s security interest in any manner permitted by law or provided for in this Agreement; (c) terminate this Agreement pursuant to Section 11; (d) exercise any and all rights as beneficial and legal owner of the Pledged Collateral, including, without limitation, perfecting assignment of and exercising any and all voting, consensual and other rights and powers with respect to any Pledged Collateral; and (e) exercise any and all the rights and remedies of a secured party upon default under applicable law.
Appears in 3 contracts
Sources: Equity Pledge Agreement (Neologic Animation Inc), Equity Pledge Agreement (China Chemical Holding Co), Equity Pledge Agreement (Amico Games Corp.)