Common use of Rights of the Pledgee Clause in Contracts

Rights of the Pledgee. 3.1 Where the Pledgor does not perform his liabilities, the Pledgee shall be entitled to be first compensated from the money converted from, or the proceeds from the auction or sale of, such Pledged Equity Interest. 3.2 The Pledgee shall be entitled to the bonus arising from the Pledged Equity Interest.

Appears in 3 contracts

Sources: Equity Pledge Agreement (Fanhua Inc.), Equity Pledge Agreement (Cninsure Inc.), Equity Pledge Agreement (Cninsure Inc.)

Rights of the Pledgee. 3.1 4.1 Where the Pledgor does not perform his liabilities, the Pledgee shall be entitled to be first compensated from the money converted from, or the proceeds from the auction or sale of, such Pledged Equity Interest. 3.2 4.2 The Pledgee shall be entitled to the bonus arising from the Pledged Equity Interest.

Appears in 2 contracts

Sources: Equity Pledge Agreement (Cninsure Inc.), Equity Pledge Agreement (Cninsure Inc.)