Methods of Enforcement of the Pledge. If the Pledgor fails to fully repay the secured indebtedness or any other circumstance for enforcing the pledge as agreed upon by the parties occurs, the Pledgee shall have the right to agree with the Pledgor to convert the pledged property into money or seek repayment in priority from the proceeds of auction or sale of the pledged property until the secured primary indebtedness is fully repaid.
Appears in 2 contracts
Sources: Equity Pledge Agreement (Yuanbao Inc.), Equity Pledge Agreement (Yuanbao Inc.)