Common use of Single Closing Clause in Contracts

Single Closing. All Common Shares and Preferred Shares to be Transferred by the Selling Shareholder and the Preferred Shareholder(s) with respect to a single Notice of Sale and any related Election Notice shall be Transferred to the Purchaser in a single closing on the terms and conditions described in such Notice of Sale. The Company agrees not to register any Transfer of Common Shares by the Selling Shareholder to which the Preferred Shareholder’s co-sale right apply unless the Selling Shareholder is in full compliance with the applicable provisions of this Agreement.

Appears in 2 contracts

Sources: Series a Convertible Preferred Shares Purchase Agreement (China BCT Pharmacy Group, Inc.), Shareholder Agreement (China BCT Pharmacy Group, Inc.)