Exercising Method Sample Clauses

Exercising Method. 3.1 To the extent permitted by PRC Law, eHi Car Rental shall, at its sole discretion, determine the specific time, method and frequencyit will exercise the Call Option. 3.2 If any PRC law in effect at the time of Exercise of Option permits eHi Car Rental and/or its designated entity or individual to own all equity interests of eHi Information, eHi Car Rental may elect to exercise all of its Call Option on a lump sum basis and eHi Car Rental and/or its designated entity or individual will accept all Equity Transfer Option from the Existing Shareholders on a lump sum basis; if any PRC law in effect at the time of Exercise of Option only permits eHi Car Rental and/or its designated person to own part of the equity interests of eHi Information, eHi Car Rental shall be entitled to determine the Transferrable Equity Interests in an amount no more than the limit of shareholding as permitted under the PRC laws (the “Shareholding Limit”) and eHi Car Rental and/or its designated entity or individual will accept such amount of Equity Transfer Option from the Existing Shareholders. Under such situation, eHi Car Rental shall be entitled to exercise the Call Option gradually and in several installments, so as to ultimately acquire all Equity Transfer Option. 3.3 In connection with each Exercise of Option, eHi Car Rental shall be entitled to, at its discretion, determine the amounts ofthe equity interests to be transferred by the Existing Shareholders to eHi Car Rental and/or other entities or individuals designated by it as a result of such Exercise of Option; and the Existing Shareholders shall each transfer to eHi Car Rental and/or other entities or individuals designated by it the Transferrable Equity Interests in such amounts as requested by eHi Car Rental. eHi Car Rental and/or other entity or individual designated by it shall pay the Transfer Price to the transferring Existing Shareholders for the Transferrable Equity Interests acquired as a result of each Exercise of Option.. 3.4 In connection with each Exercise of Option, eHi Car Rental may either acquire the Transferrable Equity Interests itself or designate a third party to acquire all or part of such Transferrable Equity Interests.