Common use of Transfer Defined Clause in Contracts

Transfer Defined. For the purpose of this Agreement, the term “transfer” shall include any direct or indirect transfer, sale, assignment or pledge, and its verb form and the terms of “transferor” and “transferee” shall have the meaning correlative to the foregoing. In the case that any Common Share is held by its ultimate beneficial owner through one or more level of holding companies, any transfer, repurchase, or new issuance of the shares of such holding companies or similar transactions that have the effect of change the beneficial ownership of such Common Share shall be deemed as an indirect transfer of such Common Shares. The Parties agree that the restrictions on the transfer of the Common Shares contained in this Agreement shall apply to such indirect transfer and shall not be circumvented by means any indirect transfer of the Common Shares.

Appears in 2 contracts

Samples: Shareholders’ Agreement (Aurora Mobile LTD), Shareholders’ Agreement (PPDAI Group Inc.)

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Transfer Defined. For the purpose of this Agreement, the term "transfer" shall include any direct or indirect transfer, sale, assignment or pledgeany other disposal (including creation of any encumbrance), and its verb form and the terms of "transferor" and "transferee" shall have the meaning correlative to the foregoing. In the case that any Common Ordinary Share is held by its ultimate beneficial owner through one or more level of holding companies, any transfer, repurchase, or new issuance of the shares of such holding companies or similar transactions that have the effect of change the beneficial ownership of such Common Ordinary Share shall be deemed as an indirect transfer of such Common Ordinary Shares. The Parties agree that the restrictions on the transfer of the Common Ordinary Shares contained in this Agreement shall apply to such indirect transfer and shall not be circumvented by means any indirect transfer of the Common Ordinary Shares.

Appears in 2 contracts

Samples: Shareholders' Agreement (Weidai Ltd.), Shareholders' Agreement (Weidai Ltd.)

Transfer Defined. For the purpose of this Agreement, the term “transfer” shall include any direct or indirect transfer, sale, assignment or pledge, and its verb form and the terms of “transferor” and “transferee” shall have the meaning correlative to the foregoing. In the case that any Common Ordinary Share is held by its ultimate beneficial owner through one or more level levels of holding companies, any transfer, repurchase, or new issuance of the shares of such holding companies or similar transactions that have the effect of change changing the beneficial ownership of such Common Ordinary Share shall be deemed as an indirect transfer of such Common Ordinary Shares. The Parties agree that the restrictions on the transfer of the Common Ordinary Shares contained in this Agreement shall apply to such indirect transfer and shall not be circumvented by means of any indirect transfer of the Common Ordinary Shares.

Appears in 2 contracts

Samples: Shareholders’ Agreement (Tuya Inc.), Shareholders’ Agreement (Tuya Inc.)

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Transfer Defined. For the purpose of this Agreement, the term “transfer” shall include any direct or indirect transfer, sale, assignment or pledge, mortgage, and its verb form and the terms of “transferor” and “transferee” shall have the meaning correlative to the foregoing. In the case that any Common Ordinary Share is held by its ultimate beneficial owner through one or more level of holding companies, any transfer, repurchase, or new issuance of the shares of such holding companies or similar transactions that have the effect of change changing the beneficial ownership of such Common Ordinary Share shall be deemed as an indirect transfer of such Common Ordinary Shares. The Parties agree that the restrictions on the transfer of the Common Ordinary Shares contained in this Agreement shall apply to such indirect transfer and shall not be circumvented by means of any indirect transfer of the Common Ordinary Shares.

Appears in 2 contracts

Samples: Shareholders Agreement (uCloudlink Group Inc.), Shareholders Agreement (uCloudlink Group Inc.)

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