Common use of Target Equity Clause in Contracts

Target Equity. (a) The Sellers are the statutory and equity owners of the Target Equity stipulated in Clause 2.1 of the Agreement. (b) The Target Equity has been legally and effectively subscribed for and paid in full. There is no any situation or risk that Entity who has or claims to any rights (including capital conversion, issuance, registration, sale or transfer, repurchase and corresponding security interests) to the registered capital of the Target Company in accordance with any options, agreements or other arrangements (including conversion rights and priorities). (c) No Encumbrance has been created on any part of the Target Equity. (d) No any dispute or potential ownership dispute is involved in the Target Equity.