Exercise of Put Option. If at any time prior to the Company and the Investors issuing a joint notification to the Escrow Agent under paragraph 2.3 of part II of this schedule 3, the Investors have exercised the Put Option in the terms of the Share Subscription Agreement, the Investors may contemporaneously notify the Escrow Agent of the same (serving a copy of the Put Option notice to the Escrow Agent) and direct that the Escrow Amount, together with interest earned thereon, be paid to the Investors as the Investors shall direct, in which case the Escrow Agent shall comply with such request.
Appears in 2 contracts
Samples: Subscription Agreement, Agreement (Ninetowns Internet Technology Group Co LTD)
Exercise of Put Option. If at any time prior to the Company and the Investors issuing a joint notification to the Escrow Agent under paragraph 2.3 of part II of this schedule 3, the Investors have exercised the Put Option in the terms of the Share Subscription Agreement, the Investors may contemporaneously notify the Escrow Agent of the same (serving a copy of the Put Option notice to the Escrow Agent) and direct that the Escrow Amount, together with interest earned thereon, be paid to the Investors as the Investors shall direct, in which case the Escrow Agent shall comply with such request.
Appears in 1 contract
Samples: Sale and Purchase Agreement (Ninetowns Digital World Trade Holdings LTD)
