Rights of Pledgee. If Pledgor is in default of the performance of liability obligation, Pledgee is entitled to be compensated on a preferential basis with the conversion, auction or sale price of the Shares held by Pledgor. Pledgee has the right to collect the bonus incurring from the pledged Shares.
Appears in 2 contracts
Sources: Share Pledge Contract (China Vitup Health Care Holdings, Inc.), Share Pledge Contract (China Vitup Health Care Holdings, Inc.)
Rights of Pledgee. 4.1 If Pledgor is in default of the performance of liability obligation, Pledgee is entitled to be compensated on a preferential basis with the conversion, auction or sale price of the Shares held by Pledgor. .
4.2 Pledgee has the right to collect the bonus incurring from the pledged Shares.
Appears in 1 contract
Sources: Share Pledge Contract (China Vitup Health Care Holdings, Inc.)