Common use of Termination of the Pledge Clause in Contracts

Termination of the Pledge. After the Pledgors, the Company and Kingsoft Cloud Network fully and completely fulfil all their Contract Obligations, the Pledgee shall terminate the Equity Pledge as required by the Pledgors, help the Pledgors with deregistration of the Equity Pledge in the Company’s shareholders’ register and that with the Company’s industrial and commercial registration authority, and bear the reasonable costs arising from termination of the Equity Pledge.

Appears in 2 contracts

Sources: Equity Pledge Agreement (Kingsoft Cloud Holdings LTD), Equity Pledge Agreement (Kingsoft Cloud Holdings LTD)