Exercising Steps Sample Clauses

The 'Exercising Steps' clause outlines the specific actions or procedures that a party must follow to exercise a right or option under the agreement. Typically, this clause details the required steps such as providing written notice, meeting certain conditions, or adhering to specified timelines. For example, if a party wishes to exercise an option to purchase, the clause may require them to notify the other party in writing within a set period. Its core practical function is to ensure that the process for exercising contractual rights is clear and orderly, reducing the risk of disputes or misunderstandings about how and when such rights can be invoked.
Exercising Steps. Subject to the PRC laws and regulations, Party A and/or the Designee may exercise the Call Option by giving a written notice (hereinafter the “Equity Purchase Notice”) to Party B, which specifies the Equity Interest to be purchased from Party B (hereinafter the “Purchased Equity”) and the manner in which purchase is made.
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Exercising Steps. Subject to the provisions of laws and regulations of China, Party A may exercise the Equity Purchase Option or Assets Purchase Option in accordance with Article 1.1 by sending Party B or Party C a written notice (“Purchase Notice”) in which it should specify the equity share to be purchased from Party B (“Purchased Equity”), or assets list to be purchased from Party C (“Purchased Assets”) and the way of purchase. The number of times that Party A exercises its rights is unlimited. Party B or Party C shall sign the Equity Transfer Agreement or Assets Transfer Agreement attached hereto, or other versions of equity transfer agreement or assets transfer agreement agreed upon by Party A, with Party A or any of the Person(s) Designated by Party A within seven (7) working days after they receive the Purchase Notice, to ensure that the Purchased Equity or the Purchased Assets are transferred to Party A or any of the Person(s) Designated by Party A as soon as possible. Meanwhile, Party B or Party C shall take all necessary actions to ensure that the relevant procedures for ownership transfer are completed as soon as possible.
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Exercising Steps. Subject to PRC laws and regulations, 1.2.1 When this Agreement is signed, Party B shall agree that it will deliver the Equity Transfer Contract signed as per the format in Annex 1 below and the Letter of Consent signed as per Annex 2 below with respect to equity transfer to Party A for keeping. 1.2.2 If Party A decides to purchase the Target Equity pursuant to Article 1.1 hereof, it shall give a written notice to Party B, indicating the percentage of the Target Equity to be purchased and the identity of purchaser. Party B and Party C shall, within seven (7) days of receiving the notice from Party A, provide all the materials and documents necessary to handle equity transfer. 1.2.3 Except the notice as stated in Article 1.2.2, there are no other preconditions or additional conditions or procedures for Party A’s exercise of the option to purchase the Target Equity.
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Exercising Steps. Party A shall exercise its Purchasing Right in compliance with the provisions of Chinese laws and regulations. To exercise its Purchasing Right, Party A shall notify Party B in writing (the “Purchase Notice”), specifying the following matters: (a) Party A’s decision on the exercise of the Purchasing Right; (b) the equity shares Party A intends to purchase from Party B (the “Purchased Equity”); and (c) the date of purchase/transfer of the Purchased Equity.
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Exercising Steps. Subject to the terms and conditions hereof and to the extent permitted by Chinese laws, Party A shall have an absolute discretion to decide the time, manner and frequency of the exercise of its rights. The exercise of Purchasing Right (equity) by Party A shall be subject to the provisions of Chinese laws and regulations. To exercise its Purchasing Right (equity), Party A shall notify Party B in writing (the “Purchase Notice of Equity”), specifying the following matters: (a) Party A’s decision on the exercise of the Purchasing Right (equity); (b) the equity that Party A intends to purchase from Party B (the “Purchased Equity”); and (c) the date of purchase/transfer of the Purchased Equity. The exercise of Purchasing Right (assets) by Party A shall be subject to the provisions of Chinese laws and regulations. To exercise its Purchasing Right (assets), Party A shall notify Party B in writing (the “Purchase Notice of Assets”), specifying the following matters: (a) Party A’s decision on the exercise of the Purchasing Right (assets); (b) the asset that Party A intends to purchase from Party C (the “Purchased Asset”); and (c) the date of purchase/transfer of the Purchased Asset. Upon the exercise of Purchasing Right (equity) or Purchasing Right (assets) by Party A, it may either acquire the Purchased Equity or the Purchased Asset itself, or designate a Designated Person to acquire all of part thereof.
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Exercising Steps. Party A and/or the Designee could exercise the right after delivering the written notice of purchasing equity interest (the “Notice”) indicating the percentage of the Target Equity Interest to be purchased (the “Target Equity Interest”) from Party B and the measures of purchase to Party B. Party B shall, within seven (7) working days after receiving the Notice, enter into an equity interest transfer agreement with Party A and/or the Designee, ensure the Target Equity Interest would be transferred to Party A and/or the Designee as quick as possible and take all necessary actions to complete relevant industry and commerce registration of change formalities.
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Exercising Steps. 1.2.1 Subject to the terms and conditions of this Contract and to the extent permitted by the laws of the PRC, Party A has absolute discretion to determine the specific exercising time, method, and frequency. 1.2.2 Subject to the terms and conditions of this Contract, and without violating the applicable laws of the PRC, Party A shall be entitled to request at any time, either on its own or through other Designated Persons, to accept all or part of the Target Equity of Party C from Party B, and all or part of the assets of Party C from Party C. 1.2.3 As for the Equity Purchase Right, during each exercise, Party A shall be entitled to arbitrarily specify the amount of the Target Equity that Party B should transfer to Party A and/or the Designated Person of Paty A. Party B shall transfer the Target Equity to Party A and/or the Designated Person of Party A according to the amount required by Party A, without violating applicable laws and regulations of the PRC. Party A and/or the Designated Person of Party A shall pay the Transfer Price to Party B for the acquired Target Equity in each exercise. 1.2.4 As for the Asset Purchase Right, during each exercise, Party A shall be entitled to arbitrarily specify the amount of the Target Equity that Party C should transfer to Party A and/or the Designated Person of Paty A. Party C shall transfer such Transferred Assets to Party A and/or the Designated Person of Party A according to the requirements of Party A, without violating applicable laws and regulations of the PRC. Party A and/or the Designated Person of Party A shall pay the Transfer Price to Party C for the acquired Transferred Assets in each exercise. 1.2.5 During each exercise, Party A may accept the Target Equity or Transferred Assets on its own, or designate the Designated Person to accept all or part of the Target Equity or Transferred Assets. 1.2.6 After each decision of Party A to exercise the right, Party A shall issue a notice of exercise of Equity Purchase Right or Asset Purchase Right to Party B or Party C (“Exercise Notice”; please refers to the format of the Exercise Notice related to Equity Purchase Right and Asset Purchase Right in Annex 1 and Annex 2 of this Contract, respectively). After receiving the Exercise Notice, Party B or Party C shall immediately transfer the Target Equity or Transferred Assets in full to Party A or the Designated Person of Party A in accordance with the Exercise Notice and the method described this Contract.
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Exercising Steps. Subject to PRC laws and regulations, Party A may exercise the Purchase Option upon giving a written notice (the “Equity Purchase Notice”) to Party B, specifying (a) Party A’s decision to exercise the Purchase Option; (b) the equity to be purchased from Party B (the “Purchased Equity”); and (c) the purchase date/transfer date (the “Transfer Date”) of the Purchased Equity.
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Exercising Steps. Party A shall exercise the option of equities thereof under the prediction of complying with Chinese laws and regulations. As exercising the option of equities, Party A shall issue such a written notice ("share purchase notice") to Party B which shall contain the following matters: (a) Party A's decision on the exercise of the option of equities; (b) the stock-ownership shares ("equities purchased") which Party A intends to purchase from Party B; and (c) the date of purchase/date of transfer of equities purchased.
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