Under this
contract concluded between the two parties whose complete data is specified in the attached contracting form, they shall be referred to as "the First Party" (Creditor / Mortgagee) and "the Second Party" (Debtor / Mortgagor), collectively referred to as "the Parties". Under this agreement, referred to as the First Party (Creditor / Mortgagee) and the Second Party (Debtor / Mortgagor), the Second Party undertakes to mortgage a specific number of shares that it owns in the company specified in Appendix (1) in favor of the First Party as tangible collateral for the repayment of a financial debt owed by the debtor to the creditor, in accordance with the terms and conditions set forth in this agreement and its appendices; this agreement aims to regulate the process of mortgaging the shares with the highest degree of transparency and legal accuracy, specifying the description of the mortgaged shares, the value of the secured debt, the rights of the mortgagee on the shares, the obligations of the mortgagor, cases of default, the mechanism for enforcement on the shares, and the procedures for registering the mortgage with the competent authorities, in a manner that achieves the interests of the Parties and secures the rights of the creditor in collecting the debt, and the Parties have agreed to the following:
1-
The words and phrases set forth below - wherever they appear in this Agreement - shall have the meanings indicated next to each of them, unless the context of the text requires a different meaning:
2-
The Agreement: This Stock Pledge Agreement in its entirety, including its appendices, and its preamble shall be considered an integral part of it, and it shall be the primary reference in case of conflict between its texts and the texts of the appendices or the articles of incorporation of the issuing company, to the extent that it does not conflict with the law.
3-
The Creditor (the Pledgee): The first party, which is the natural or legal person providing the loan or credit to the debtor, with the pledged shares serving as collateral for this debt, as specified in Appendix (2).
4-
The Debtor (the Pledger): The second party, who is the legal owner of the pledged shares or his authorized agent who borrows the amount from the creditor and pledges his shares as collateral, as specified in Appendix (2).
5-
The Issuing Company of the Shares: The company that issued the pledged shares, as detailed in Appendix (1).
6-
The Pledged Shares: The number of shares pledged by the debtor to the creditor as collateral for the debt, as defined in Article (2) and precisely described in terms of quantity, type, nominal value, serial numbers, and the issuing entity.
7-
The Secured Debt: The financial amount or obligation that the debtor is obliged to repay to the creditor, which is secured by the pledge, as specified in Article (3), and includes the principal amount, interest, expenses, and any other amounts due to the creditor under the Loan Agreement.
8-
The Loan Agreement: The fundamental agreement that regulated the lending process between the creditor and the debtor, to which this pledge serves as collateral, and is attached as Appendix (3).
احصل على اتفاقية رهن أسهم احترافية ومفصّلة، مصاغة بلغة قانونية دقيقة تحمي جميع الأطراف. جاهزة للتخصيص والطباعة والتوقيع الإلكتروني.
اتفاقية رهن أسهم شامل يغطي التمهيد والأهلية وموضوع التعاون والمدة والمساهمات والحوكمة والمقابل المالي والملكية الفكرية والسرية وحماية البيانات والمسؤولية والقوة القاهرة والإنهاء وتسوية المنازعات والأحكام العامة والملاحق.