Common use of Target Assets Clause in Contracts

Target Assets. 2.1 Sungy Data shall have the right to require Guangzhou Hengye and its subsidiaries to transfer any and all of the assets of Guangzhou Hengye and its subsidiaries (“Target Assets”) to the WFOE or a third party designated by Sungy Data (“Designee”), in whole or in part, subject to the Sungy Data’s specific requirements (“Assets Transfer Option”), and Guangzhou Hengye shall (and shall urge its subsidiaries ) transfer the Target Assets to the WOFE and/or the Designee in accordance with the Sungy Data’s requirements under the following circumstances: 2.1.1 The WFOE and/or the Designee can legally own all or part of the Target Assets under the laws of China and administrative regulations; or 2.1.2 Any other circumstances deemed as appropriate or necessary by Sungy Data in its sole discretion. 2.2 The WFOE shall have the right to exercise its purchase right in whole or in part and to acquire the Target Assets in whole or in part without any limit at any time and from time to time. 2.3 Sungy Data may designate any third party to acquire the Target Equity in whole or in part and Guangzhou Hengye shall not (and shall urge its subsidiaries not) refuse and shall transfer the Target Assets in whole or in part to such Designee as requested by Sungy Data. 2.4 Prior to the transfer of the Target Assets to the WFOE or the Designee according to this Agreement, Guangzhou Hengye shall not (and shall urge its subsidiaries not) transfer the Target Assets without Sungy Data’s prior written consent.

Target Assets. 2.1 Sungy Data shall have the right to require Guangzhou Hengye ▇▇▇▇▇ Advertising and its subsidiaries to transfer any and all of the assets of Guangzhou Hengye ▇▇▇▇▇ Advertising and its subsidiaries (“Target Assets”) to the WFOE or a third party designated by Sungy Data (“Designee”), in whole or in part, subject to the Sungy Data’s specific requirements (“Assets Transfer Option”), and Guangzhou Hengye ▇▇▇▇▇ Advertising shall (and shall urge its subsidiaries ) transfer the Target Assets to the WOFE and/or the Designee in accordance with the Sungy Data’s requirements under the following circumstances: 2.1.1 The WFOE and/or the Designee can legally own all or part of the Target Assets under the laws of China and administrative regulations; or 2.1.2 Any other circumstances deemed as appropriate or necessary by Sungy Data in its sole discretion. 2.2 The WFOE shall have the right to exercise its purchase right in whole or in part and to acquire the Target Assets in whole or in part without any limit at any time and from time to time. 2.3 Sungy Data may designate any third party to acquire the Target Equity in whole or in part and Guangzhou Hengye ▇▇▇▇▇ Advertising shall not (and shall urge its subsidiaries not) refuse and shall transfer the Target Assets in whole or in part to such Designee as requested by Sungy Data. 2.4 Prior to the transfer of the Target Assets to the WFOE or the Designee according to this Agreement, Guangzhou Hengye ▇▇▇▇▇ Advertising shall not (and shall urge its subsidiaries not) transfer the Target Assets without Sungy Data’s prior written consent.

Target Assets. 2.1 Sungy Data shall have the right to require Guangzhou Hengye Zhiteng Computer and its subsidiaries to transfer any and all of the assets of Guangzhou Hengye Zhiteng Computer and its subsidiaries (“Target Assets”) to the WFOE or a third party designated by Sungy Data (“Designee”), in whole or in part, subject to the Sungy Data’s specific requirements (“Assets Transfer Option”), and Guangzhou Hengye Zhiteng Computer shall (and shall urge its subsidiaries ) transfer the Target Assets to the WOFE and/or the Designee in accordance with the Sungy Data’s requirements under the following circumstances: 2.1.1 The WFOE and/or the Designee can legally own all or part of the Target Assets under the laws of China and administrative regulations; or 2.1.2 Any other circumstances deemed as appropriate or necessary by Sungy Data in its sole discretion. 2.2 The WFOE shall have the right to exercise its purchase right in whole or in part and to acquire the Target Assets in whole or in part without any limit at any time and from time to time. 2.3 Sungy Data may designate any third party to acquire the Target Equity in whole or in part and Guangzhou Hengye Zhiteng Computer shall not (and shall urge its subsidiaries not) refuse and shall transfer the Target Assets in whole or in part to such Designee as requested by Sungy Data. 2.4 Prior to the transfer of the Target Assets to the WFOE or the Designee according to this Agreement, Guangzhou Hengye Zhiteng Computer shall not (and shall urge its subsidiaries not) transfer the Target Assets without Sungy Data’s prior written consent.