Target Equities definition

Target Equities means the entire 100% shareholding in SCP, representing fully paid-in registered capital of SEVENTY MILLION US DOLLARS (US$70,000,000), together with all rights and interests associated therewith lawfully held by the Selling Shareholder; Transaction means, as contemplated by this Agreement, the Target Equities transfer. USD or US$ means US currency. Working Day means a normal business day of the week in China and the US, excluding weekends and any public holiday.
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Target Equities mean the equities held by each Selling Shareholder as set out in Schedule 2 hereto; For the avoidance of doubt, the Target Equities held by each Selling Shareholder shall be the entire equities of the Company held by such Selling Shareholder.
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Target Equities refer to 100% of the equity interest in each of the Acquirees and all rights and interest therein.
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Examples of Target Equities in a sentence

  • The Selling Shareholder is not a party to any option, warrant, purchase or offer or refusal right, contract, arrangement or understanding (other than this Agreement) that could require the Selling Shareholder to sell, transfer or otherwise dispose of the Target Equities.

  • Party B and Party C agree to transfer their respective 50% equities held in Target Company (“Target Equities”) to Party A which are free from any and all Encumbrances (as defined below) in accordance with terms and conditions under this Agreement, together with all rights, interests and corresponding obligations derived from such equities; Party A agrees to purchase said Target Equities (“Target Equities Transfer”).

  • The parties hereto acknowledge and agree that, if such dividend payment derived from the Target Equities actually received by the Purchaser after the Closing Date exceeds or falls below Distributable Profits Compensation (RMB55,102,000), neither party shall have the right to claim against the other party for any surplus or shortfall.

  • The Transferor agrees to cause the above person to repay the borrowing of RMB 4,292,617 to Yidian Information within a reasonable time after the Domestic Transferor or the designated party agreed by the Parties in writing receives the Purchase Price of Domestic Target Equities.

  • Except as stipulated in the Shareholders’ Agreement and the Existing Articles of Association and relevant VIE Structure agreements, until the date when the Domestic Transferor is no longer registered as the holder of the Domestic Target Equities, the Domestic Transferor is the owner of the Domestic Target Equities, and has full right, power and authorization required for sale of the Domestic Target Equities pursuant to this Agreement.

  • At the Closing, the Selling Shareholder owns its own Target Equities free from any Encumbrance.

  • The equity transfer consideration of the Target Equities was determined based on the 50% of the net asset value of Target Company as of June 30, 2014, the said consideration being RMB 9,105,254.

  • The Agreement shall supersede all intentions, agreements and instruments reached by and among the Parties with respect to Target Equities Transfer before the execution of the Agreement.

  • There is no encumbrance or any agreement, arrangement, or obligation to create an encumbrance on the Target Equities or any part thereof.

  • If the competent registration agency requires the Target Equities to be initially registered under the Seller’s name, the Seller and the Purchaser shall enter into another equity transfer agreement to effect the Equity Transfer pursuant to the terms hereunder within five (5) business days following the completion of the AIC Registration Procedures for Target Equities under the Seller’s name, and immediately submit relevant documents to effect the AIC Registration Procedures for the Equity Transfer.