Obligations of the Pledgor. (I) The pledgor shall open a deposit account in the transacting branch of the pledgee within 5 days after signing of this contract. All share dividend and bonus of pledge object under this contract shall be deposited in this account since the signing day. The pledgor is not allowed to employ the capital in this account without prior written consent from the pledgee. (II) The pledgor is not allowed to dispose the pledge object in any manner without prior written consent from the pledgee. (III) All fees caused by signing and performing such contract shall be borne by the pledgor. (IV) The pledgor shall regularly submit related financial statement of corresponding company of the pledge object under the contract to the pledgee.
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Obligations of the Pledgor. (I) The pledgor shall open a deposit account in the transacting branch of the pledgee within 5 days after signing of this contract. All share dividend and bonus of pledge object under this contract shall be deposited in this account since the signing day. The pledgor is not allowed to employ the capital in this account without prior written consent from the pledgee.
(II) The pledgor is not allowed to dispose the pledge object in any manner without prior written consent from the pledgee.
(III) All fees caused by signing and performing such contract shall be borne by the pledgor.
(IV) The pledgor shall regularly submit related financial statement of corresponding company of the pledge object under the contract to the pledgee.
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