Onshore Restructuring Clause Samples
Onshore Restructuring. If any Person (other than the Management Founder) holds any equity interest in the Domestic Company, upon the election of the Investor, the then existing holders of the equity interest in the Domestic Company shall transfer the equity interest in the Domestic Company held by them to the Investor to ensure that the Investor’s shareholding of the equity interesting in the Domestic Company is equal to the Investor’s shareholding in the Company.
Onshore Restructuring. As soon as practicable but in no event later than one (1) month following the Closing, each of the Group Companies and the Covenantors shall procure that (x) the equity interests in Shanghai Huandian held by ▇▇. ▇▇ Feng shall be transferred to one or more Founders (or any such other person as consented to by the Investor), and (y) ▇▇. ▇▇▇▇ ▇▇▇▇ shall be removed as a director in the WFOE.
Onshore Restructuring. The Founders, the Group Companies and all other parties thereto shall have executed and delivered all Onshore Reorganization Documents in accordance with their respective terms to the satisfaction of the Investor. The WFOE shall have been duly established and each of the parties to the Control Documents shall have duly performed and complied all of the obligations and conditions contained in the Control Documents that are required to be performed or complied with by them, on or before the Closing. The equity pledge created under the Control Documents shall have been completed and duly registered with the competent PRC authorities.
Onshore Restructuring. All the assets (including the intellectual properties), business agreements, costs and expenses, revenue and receivables attributable to the Business that still remain in the Jimu Group immediately before the Restructuring, shall be transferred to the corresponding companies of the Pintec Group (including the companies to be controlled through contractual arrangements by the Pintec Group). The employees who are engaged in the Business shall establish employment relationships with the Pintec Group in accordance with the schedule agreed between the Jimu Group and the Pintec Group. The WFOEs shall enter into standard contractual arrangements with those entities operating the Business that previously had been controlled by companies in the Jimu Group. After the above-mentioned onshore restructurings, the corresponding assets and employees shall be operated in the Pintec Group or the Jimu Group independently.
Onshore Restructuring. The onshore restructuring of the Shenzhen Company has been fulfilled, all of the original onshore investors of the Shenzhen Company have withdrawn from the Shenzhen Company (“Original Investors’ Withdraw”) and no longer holds any equity securities in the Shenzhen Company and the consideration of the Original Investors’ Withdraw has been fully paid by the Warrantors, and the relevant evidence has been provided to the Purchaser to the satisfactory of the Purchaser.