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For the avoidance of doubt, the creation of any pledge, charge, encumbrance or other third party right of whatever description on any of Class B Ordinary Shares to secure contractual or legal obligations shall not be deemed as a sale, transfer, assignment or disposition unless and until any such pledge, charge, encumbrance or other third-party right is enforced and results in the third party holding directly or indirectly the legal or beneficial title to a Class B Ordinary Share or voting power through voting proxy or otherwise to the related Class B Ordinary Shares, in which case all the related Class B Ordinary Shares shall be automatically converted into the same number of Class A Ordinary Shares.", "hash": "dab12b4dd062267967e346aae5df56d5", "id": 6}, {"snippet_links": [{"key": "disposition-of", "type": "clause", "offset": [38, 52]}, {"key": "a-portion", "type": "definition", "offset": [60, 69]}, {"key": "other-stock", "type": "definition", "offset": [77, 88]}, {"key": "any-loan", 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The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction", "id": "transfer-event", "examples": ["Seller may assign all, but not less than all, of its right, title and interest in, to and under the license rights set forth in Section 3.5, without Purchaser\u2019s written consent, to an Acquiring Party in connection with a <strong>Transfer Event</strong>, provided that (a) Seller provides Purchaser with prompt written notice of such <strong>Transfer Event</strong>, (b) the Acquiring Party agrees in writing to be bound by all of the terms and conditions of Sections 3.5-3.11, and (c) the Acquiring Party is not an Excluded Entity.", "The license rights set forth in Section 3.5 shall immediately terminate upon the occurrence of a <strong>Transfer Event</strong> in which the Acquiring Party is an Excluded Entity.", "In the event of a <strong>Transfer Event</strong>, the license rights set forth in Section 3.5 shall not extend beyond the Licensed Products of Seller and its Affiliates that existed or were in development prior to the <strong>Transfer Event</strong> and natural evolutions thereof."], "related": [["non-transfer-event", "Non-Transfer Event", "Non-<strong>Transfer Event</strong>"], ["servicing-transfer-event", "Servicing Transfer Event", "Servicing <strong>Transfer Event</strong>"], ["document-transfer-event", "Document Transfer Event", "Document <strong>Transfer Event</strong>"], ["change-of-control-repurchase-event", "Change of Control Repurchase Event", "Change of Control Repurchase Event"], ["repurchase-event", "Repurchase Event", "Repurchase Event"]], "related_snippets": [], "updated": "2026-02-19T04:24:45+00:00"}, "json": true, "cursor": ""}}