Payment of Equity Transfer Price Clause Samples

Payment of Equity Transfer Price. All parties agree that, with regard to the T▇▇▇▇▇ Technologies Inc. Equity Transfer, the Transferee shall pay the T▇▇▇▇▇ Technologies Inc. Equity Transfer Amount to the bank account designated by the Transferor within five (5) working days after all the closing prerequisites stipulated in Article 3.1 hereof are met or waived in writing by Transferor I; With regard to the T▇▇▇▇▇ Hangzhou Equity Transfer, the Transferee shall pay the T▇▇▇▇▇ Hangzhou Equity Transfer Amount to the bank account designated by the Transferor within five (5) working days after all the closing prerequisites stipulated in Article 3.1 hereof are met or waived in writing by Transferor II.

Payment of Equity Transfer Price. 4.1 Party B shall complete foreign exchange settlement and convert US dollars to RMB currency and transfer the fund to “Shanghai Hartford” bank account. 4.2 When Party B has control over “Shanghai Hartford” bank account, RMB 907,737.23 will be paid to Party A or Party A’s assigned party.

Payment of Equity Transfer Price. The Equity Transfer Price shall be US$ 1,296,000. Hurray! Music shall pay to Party C US$ 540,000, as the initial payment of the Equity Transfer Price, within seven (7) Business Days after the Execution of the Equity Transfer and Capital Increase Agreement. Hurray! Music shall pay to Party C US$ 324,000, as the second payment of the Equity Transfer Price, within five (5) Business Days after the Closing Date. As of January 31, 2006, if neither Party B or Party C shall be in violation of the obligations provided under this Agreement, the Exhibits and Schedules hereto, and any of the warranties, representations and undertakings of Party B and Party C, Hurray! Music shall pay to Party C US$ 432,000, as the third payment of the Equity Transfer Price, at the expiration date of the aforesaid period. If either Party B or Party C shall be in violation of the provisions of this Agreement, and the Exhibits and Schedules hereto, Party A shall have the right to reduce the amount of the Equity Transfer Price payable to Party C, provided that such reduction shall not be deemed as a release of Party B and Party C from the liabilities for indemnification to Party A as a result of violation of the provisions of this Agreement, and the Exhibits and Schedules hereto.

Payment of Equity Transfer Price. 3.1 Upon the signing of the Agreement and within 7 business days from the date on which all the prerequisites for delivery listed in Article 3.3 are fulfilled, the Transferee shall pay 50% of the Transfer Price (which is RMB51,500,000) to the designated account of Transferor. The date of payment by the Transferee in accordance with the provisions of this Article shall be the “Date of First Payment”. 3.2 The Transferee shall, within 7 business days from the date when the Target Company obtains the notice of the change of shareholders of the Target Company issued by the Industrial and Commercial Bureau (the Transferee shall do its utmost to cooperate with the above change of shareholders), pay the remaining Transfer Price (which is RMB51,500,000) to the designated account of the Transferor. 3.3 The Transferee’s payment of the Transfer Price to the Transferor pursuant to the provisions of Article 3.1 of the Agreement shall be based on the satisfaction or the exemption in writing by the Transferee of each of the following conditions (the “Delivery Conditions”): (a) The Transferor’s representations and warranties in the Agreement shall be true, correct and complete in all respects on the date of signing of the Agreement and on the Date of First Payment, and shall have the same force and effect as if made on the Date of First Payment (except for the representations and warranties clearly stated to be made on a specific date only); the commitments and covenants contained in the Agreement that shall be fulfilled by the Transferor on or before the Date of First Payment have been fulfilled.

Payment of Equity Transfer Price. Party A shall remit the Equity Transfer Price or the consideration of subscription adjusted in accordance with the Agreement of Performance Commitment and Profit Compensation of the Management of the Company to the bank account designated by Party D in advance within two (2) working days upon satisfaction or waiver in writing by Party A of the preconditions described in Article 3.1 of this Agreement (the “Completion”, and the date of Completion being the “Completion Date”). The Parties unanimously confirm and agree that, notwithstanding any other agreement in this Agreement, the bond and the Deposit of Party D (as defined below) in connection with the Equity Transfer Price and the Letter of Guarantee (as defined below) will be disposed of in accordance with Article 4 of this Agreement.

Payment of Equity Transfer Price. 2.1 Within 5 working days of the conclusion of this Agreement, Party A pays Z▇▇▇▇ ▇▇▇▇▇ RMB_________, and J▇▇▇▇ ▇▇▇▇▇▇▇ RMB_________; after the completion of the procedures of governmental approval and the registration related to equity transfer, Party A shall, within 5 working days of the conclusion of this Agreement, pay Z▇▇▇▇ ▇▇▇▇▇ RMB_________, and J▇▇▇▇ ▇▇▇▇▇▇▇ RMB_________. 2.2 After the receipt of each payment stated in Article 2.1, Party B shall issue the appropriate receipt document to Party A within 5 working days

Payment of Equity Transfer Price. The parties agree that, in conformity with the terms of this Agreement and on the premise of meeting the conditions agreed in this Agreement, the Transferee shall pay the Equity Transfer Price in three installments: (1) Within ten (10) Working Days after all First Installment preconditions specified in Appendix I (A) of this Agreement are met or waived in writing by the Transferee, the First Installment of RMB [***] million (“First Installment”) shall be paid in the following manner: (a) The Transferee shall pay a sum of RMB [***] million, which constitutes a part of the First Installment, to the account newly opened by the Target Company in the bank designated by the Transferee (the “Special Account”, and the date of payment of such sum by the Transferee is the “First Installment Date”). The Special Account shall be opened under the name of the Target Company. After the completion of the opening of the Special Account, the relevant certificates and seals (specifically referring to the business license, official seal, special financial seal and corporate seal) related to the account shall be immediately stored, for the purpose of joint custody, into the safe deposit box offered by a bank jointly recognized by the Transferor and the Transferee. The Transferor agrees that the payment of RMB [***] million to the Special Account by the Transferee shall be deemed as the completion of the obligation of payment to the Transferor of the part of the First Installment that is RMB [***] million; (b) The Transferee shall pay a sum of RMB [***] million, which constitutes a part of the First Installment, to the designated collection account of the Transferor (opened in the name of the Transferor); (c) The ▇▇▇▇▇▇▇ Money of RMB [***] already paid by the Transferee to the Transferor shall be automatically converted into a part of the First Installment on the First Installment Date. (2) After the Transferor receives or is deemed to have received all of the First Installment according to the provisions of Article 2.3 (1), the Target Company shall go through the formalities regarding the industrial and commercial registration of changes (which is to say, specifically, signing and sealing the materials that have passed the preliminary review). Within ten (10) Working Days after the Target Company has completed the industrial and commercial change registration reflecting the Equity Transfer and other Second Installment payment preconditions specified in Appendix I (B) of this A...

Payment of Equity Transfer Price. Upon effectiveness of this Agreement, Party B shall pay the Equity Transfer Price, totaling US$4,834,130, to Party A as instructed by Party A.

Payment of Equity Transfer Price. Party B promises to pay the equity transfer price of ¥600,000 RMB to Party A (or assigned recipient representing Party A) on or before April 5, 2019.