Share Assignment Clause Samples
The Share Assignment clause governs the transfer of ownership or rights in shares from one party to another. Typically, it outlines the procedures and requirements for assigning shares, such as obtaining necessary approvals, executing proper documentation, and notifying relevant parties or registries. This clause ensures that share transfers are conducted in an orderly and legally compliant manner, thereby preventing disputes and maintaining accurate records of share ownership.
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Share Assignment. The Sellers will assign their shares to the Buyers as set forth on Schedule E hereto.
Share Assignment. 1.1 Party B and Party C have agreed to assign Relevant Share to Party A, and Party A has agreed to accept such assignment. Upon the assignment of Relevant Share, Party A will hold 100% of the Share.
1.2 Party A shall pay RMB as the consideration of the Share Assignment to Party B and Party C in accordance with Section 2 hereof.
1.3 Party B and Party C have agreed on the Share Assignment under this section, and would like to cause other shareholders of Party D (excluding Party B and Party C) to enter into necessary documents such as resolutions of general meeting and waiver of pre-emption right of Relevant Share, and to assist to complete other formalities necessary to the Share Assignment.
1.4 For making Party A become the registered owner of the Share, Party B, Party C and Party D shall take all actions collectively or individually, including but not limited to entering into this Agreement, passing the resolutions of general meeting and the amendments to the articles of association, necessary to complete the assignment of the Share from Party B and Party C to Party A, and shall be responsible for obtaining all governmental approvals or completing all registration formalities with the Administration for Industry and Commerce within ten (10) business days from the date when Party A issues the Exercise Notice in accordance with the Share Disposition Agreement.
Share Assignment. The Buyer undertakes not to assign to third parties all or a part of the shares bought from the Seller and not to transfer the present Contract to a third party, until the complete fulfilment of all commitments undertaken by the present Contract, without the prior written consent of the Seller. In case that shares of the company are assigned without affecting the Buyer's majority holding position, or if the assignment is made to an affiliated company, this assignment will be preceded only by a notification to the Seller