Common use of Equity Interest Purchase Price Clause in Contracts

Equity Interest Purchase Price. The total price for the purchase by Party A of all Optioned Interests held by Party B upon exercise of the Equity Interest Purchase Option by Party A shall be XXX 00 / the amount of registered capital contributed by Party B in Party C for such Optioned Interests (or such price may be as set forth in the equity transfer agreement to be executed between Party A (or the Designee) and Party B separately, provided that such price does not violate PRC laws and regulations and is acceptable to Party A) (the “Base Price”); if Party A exercises the Equity Interest Purchase Option to purchase part of the Optioned Interests held by Party B in Party C, then the purchase price shall be calculated on a pro rata basis. If at the time when Party A exercises the Equity Interest Purchase Option, the PRC laws impose mandatory requirements on the purchase price of such Optioned Interests, such that the minimum price permitted under PRC law exceeds the Base Price, then the purchase price shall be such minimum price permitted by PRC law (collectively, the “Equity Interest Purchase Price”), in which case the Party B shall promptly donate all of the amount exceeding the Basic Price received by it to Party A or any other person designated by Party A in the manner permitted by the applicable PRC laws / Party B hereby waives its right to receive the amount of price that exceeds the Basic Price.

Appears in 8 contracts

Samples: Exclusive Option Agreement (So-Young International Inc.), Exclusive Option Agreement (So-Young International Inc.), Exclusive Option Agreement (So-Young International Inc.)

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Equity Interest Purchase Price. The total price for the purchase by Party A of all the Optioned Interests held by Party B upon exercise of the Equity Interest Purchase Option by Party A shall be XXX 00 / the amount of registered capital contributed by Party B in Party C for such Optioned Interests (or such price may be as set forth in the equity transfer agreement to be executed between Party A (or the Designee) and Party B separately, provided that such price does not violate PRC laws and regulations and is acceptable to Party A) (the “Base Price”); if ) shall be RMB1. If Party A exercises the Equity Interest Purchase Option to purchase part of the Optioned Interests held by Party B in Party C, then the purchase price shall be calculated on a pro rata basis. If at the time when Party A exercises the Equity Interest Purchase Option, the PRC laws impose mandatory requirements on the purchase price of such Optioned Interests, such that the minimum price permitted under PRC law exceeds is higher than the Base Price, then the purchase price shall be such minimum price permitted by PRC law law. If at the time when Party A exercises the Equity Interest Purchase Option, the PRC laws require the assessment of the equity interests, the Parties shall negotiate otherwise in good faith, and make necessary adjustments to the equity interest purchase price based on the assessment to meet the requirements of any applicable PRC laws at that time (collectively, the Equity Interest Purchase Price”), in which case the . Party B shall promptly shall, within ten (10) days after receiving and paying /withholding the relevant taxes (if any) in full in accordance with the law, donate all the balance of the amount exceeding the Basic Equity Interest Purchase Price received by it to Party A or any other and/or the person designated by Party A in the manner permitted by the applicable PRC laws / Party B hereby waives its right to receive the amount of price that exceeds the Basic Price.A.

Appears in 2 contracts

Samples: Exclusive Option Agreement (Waterdrop Inc.), Exclusive Option Agreement (Waterdrop Inc.)

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Equity Interest Purchase Price. The total price for of the purchase by Party A of all Optioned Interests purchased equity interests held by Party B upon exercise of the Equity Interest Purchase Option to be purchased by Party A shall be XXX 00 / equal to the actual amount of registered capital contributed paid by Party B in Party C for such Optioned Interests purchased equity interests (or such price may be as set forth in subject to the equity interest transfer agreement to be executed contract otherwise entered into by and between Party A (or the DesigneeDesignee (s)) and Party B separatelyB; provided, provided however, that such price does not violate PRC the laws and regulations of the PRC and is acceptable to approved by Party A) (the “Base Price”); if If Party A exercises the Equity Interest Purchase Option to purchase part of the Optioned Interests held by Party B in Party C, then the purchase price Equity Interest Purchase Price shall be calculated on a pro rata basis. If at the time when Party A exercises the Equity Interest Purchase Option, the PRC laws impose have mandatory requirements provisions on the purchase transfer price of such the Optioned Interests, such that causing the minimum price permitted under PRC by law exceeds to be higher than the Base Priceaforesaid price, then the purchase transfer price shall be such the minimum price permitted by the PRC law laws (collectively, the “Equity Interest Purchase Price”). If when Party A exercises the Equity Interest Purchase Option, in which case the Party B shall promptly donate all PRC laws have mandatory provisions on the transfer price of the amount exceeding Optioned Interests, causing the Basic Price received minimum price permitted by it law to Party A or any other person designated be higher than the aforesaid price, then the transfer price shall be the minimum price permitted by the PRC laws (collectively, the “Equity Interest Purchase Price”). Upon receipt by Party A in and/or the manner permitted by Designee (s) of all approvals, registrations or filings relating to the applicable PRC laws / Optioned Interests and all ownership documents relating to the Optioned Interests to the satisfaction of Party A and/or the Designee (s), Party A and/or the Designee (s) shall pay to Party B hereby waives its right to receive for the amount of price that exceeds the Basic PriceEquity Interest Purchase Price in cash.

Appears in 2 contracts

Samples: Exclusive Option Agreement (Scienjoy Holding Corp), Exclusive Option Agreement (Scienjoy Holding Corp)

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