Common use of Pledge Right Clause in Contracts

Pledge Right. The Pledgor hereby pledges all of her Equity Interest in Zhongguan to the Pledgee as security for the performance by the Pledgor and Zhongguan of all of their respective obligations under the Master Contract. Therefore, the Pledgee is entitled to the Pledge Right in respect of all the Equity Interest of the Pledgor in Zhongguan. The “