Pledge Registration Clause Samples

Pledge Registration. The pledgor and pledgee shall transact pledge registration in Administrative Department for Industry and Commerce within 5 days after signing of this contract.

Pledge Registration. Pledgor and Party C should register the pledged securities in Party C’s shareholder list within three (3) Business Days after signing this Agreement, and submit application for pledge registration to relevant government departments within ten (10) Business Day after signing this Agreement. All parties hereby acknowledges and agrees that all parties, together with other shareholders of Party C should provide this Agreement or an equity pledge agreement (the “Administrative Pledge Agreement”) faithfully reflecting pledge information under this Agreement to industrial and commercial administrative department as requested by local administrative departments, in order to complete administrative registration procedure. For items not stated in the Administrative Pledge Agreement, this Agreement shall prevail. Pledgor and Party C should submit all necessary documents and complete all necessary procedures as requested by industrial and commercial administrative department under laws and regulations of China, in order to obtain registration as soon as possible after submitting application. In the event of failure to complete equity pledge registration because of administrative departments, Pledgor and Party C hereby promise: once the administrative departments agrees to issue pledge registration, Pledgor and Party C shall make best efforts to apply for pledge registration in time.

Pledge Registration. 4.1 The Pledgors and Party C agree and undertake that, after signing this Agreement, Party C must immediately and the Pledgors must procure Party C to immediately record the arrangements for the Equity Interest pledge hereunder on Party C’s Register of Shareholders on the date of signing this Agreement; and an application shall be submitted to the registration authority for registering the Equity Interest pledge according to the Measures for the Registration of Equity Interest Pledge at Administrative Departments for Industry and Commerce within twenty(20) days after signing this Agreement or within a longer term agreed by the Pledgee. The registration authority shall completely and accurately record matters about such Equity Interest pledge on the register of Equity Interest pledge. 4.2 Within the Term of the Pledge specified hereunder, the Pledgors shall submit original contribution certificate for the Equity Interest and the register of shareholders documenting pledge (and other documents reasonably required by the Pledgee, including but not limited to the notice on pledge registration issued by the administration for industry and commerce) to the Pledgee within one week from the completion date of the Pledge registration in accordance with above Article 4.1. The Pledgee shall keep such documents within the entire pledge term specified hereunder.

Pledge Registration. 4.1 Party B and Party C should register pledge in administrative bureau for industry and commerce within one month from the date the contract is signed and provide to Party A the pledge registration documents. 4.2 In case the pledge recorded items change and shall change records according the law, Party A and Party C shall make a corresponding change records in five working days after original record changed, and submit related registration documents. 4.3 During the pledge, pledgor shall indicate the Party C not to allocate any dividends, bonuses, or to take any profit distribution plan; if the pledgor shall obtain any other economic benefits from dividends, bonuses or other profit distribution plan of the pledge, shall remit money directly into the bank account designated by Party A as Party A has demanded; without the prior written consent of Party A, shall not be used and first be used as equity pledge for payment of guaranteed debt. 4.4 During the equity pledge, if pledgor subscribe new registered capital (“new equity”), the part of the new equity automatically becomes equity pledge under the contract, pledgor shall complete the procedures needed to pledge in this part of the new equity in 10 working days after obtaining new equity. If the pledgor fails to complete the relevant formalities in accordance with the proceeding provisions, Party A has the right to realize pledge immediately in accordance with the provisions of article 8 of this contract.

Pledge Registration procedures mean the pledge registration and publicity procedures, handled for the pledged collateral hereunder, in the accounts receivable pledge registration and publicity system for online registration with the Credit Reference Center of the People’s Bank of China, by the Pledgee mentioned herein in accordance with related regulations.

Pledge Registration. 1. Party A and Party B shall go to legal registration authority or local notarization organization of pledgor to register the pledges within 20 days after signing the agreement. Party A shall submit pledge right certificate, registration document originals and other right certificates to Party B on the effective date of the agreement. 2. During the effective period of the agreement, if the ownership or any right of pledge changes or transfers with written consent from Party B, relative Party shall go through a registration procedure for change within the legal period. Relative certificates and documents after registration changes shall be submitted to Party B. 3. After all debts under principal agreement and this agreement get paid off, Party B shall return the pledge right certificate, the registration document originals and other right certificates to Party A, and goes through pledge registration cancellation procedure with Party A.

Pledge Registration. 7.1 In case that the pledge shall be registered in compliance with relevant laws and regulations, Party A and Party B shall handle the registration procedures for the right pledge in appropriate authorities within 15 days after the signing date of this Contract. 7.2 In case of any change occurring in the items of pledge registration and the registration needs to be modified in compliance with the law, Party A and Party B shall handle the procedures of modification registration in relevant Mortgagee registration authorities within 15 days after the change date of the registration items.

Pledge Registration. 6.1 The pledged right under the contract shall be registered or endorsed, the ▇▇▇▇▇▇▇ shall start processing with the relevant authorities with the Pledgee in 15days after the contract is signed. 6.2 As required by laws, the pledged right need not a registration, but both parties voluntarily agree to process it, the ▇▇▇▇▇▇▇ shall start processing with the relevant authorities with the Pledgee in 15days after the contract is signed. 6.3 Changes on pledge registration items, an amendment is required by laws, start processing with the relevant authorities with the Pledgee in 15days after the contract is signed.

Pledge Registration. 7.1 The pledge hereunder must go through the pledge registration according to law. Otherwise, no pledge may be established. Party B shall coordinate with Party A to perform the pledge registration in corresponding registration management authority by holding this Contract and relevant materials within the time period required by Party A. If the pledge hereunder is receivables, Party B shall authorize Party A to go through the pledge registration thereof (including initial registration, amended registration, dissenting registration, extension registration and cancellation registration). The pledge registration system of receivables refers to the “receivables pledge registration publicity system” of the People’s Bank of China. 7.2 Party B shall actively cooperate with Party A to transact relevant formalities as per the preceding paragraph on the principle of honesty and credibility. In case of any change of registered information such as legal person and corporate name, or upon occurrence of dissenting registration, Party B shall timely notify Party A. Where the timely transaction of relevant formalities fails for reasons attributed to Party B, or the registration becomes invalid for the failure of notifying alteration in registered information, Party B shall assume the compensation liability for losses suffered by Party A therefore. 7.3 Where company shares are deemed as the pledge hereunder, in case of any allotment of shares (namely, allotment of shares to original shareholders) or additional issuance during the pledge period, Party B shall perform the purchase obligation in full amount, and apply them for pledge together with pledged shares, instead of waiving the right of allotment of shares or additional issuance. Upon allotment of shares or successful subscription of shares, Party B shall timely cooperate with Party A to apply to the share pledge registration authority for pledge registration, and transact the pledge registration formalities.