Equity Interest Transfer Clause Samples
The Equity Interest Transfer clause governs the process by which ownership interests in a company, such as shares or partnership stakes, can be transferred from one party to another. Typically, this clause outlines the conditions under which transfers are permitted, any required approvals (such as from other shareholders or the board), and any restrictions or procedures that must be followed, such as rights of first refusal or notice requirements. Its core function is to ensure that changes in ownership are controlled and transparent, thereby protecting the interests of existing stakeholders and maintaining the stability of the company’s ownership structure.
Equity Interest Transfer. 3.1 Upon the execution hereof, the Parties shall assist the Target Company to complete or obtain the documents regarding the recordation and registration listed in Article 5.1 hereof, and shall take the actions listed in Article 5.2 hereof to cause and give necessary assistance to the Target Company to complete the recordation, registration and approval procedures regarding the Equity Interest Transfer.
Equity Interest Transfer. 1. The Transferor hereby agrees to transfer the Subject Equity Interest to the Transferee pursuant to the stipulations hereof.
2. The Transferee shall be transferred of the Subject Equity Interest pursuant to the stipulations hereof.
3. As of the later of the date on which this Agreement becomes effective and the date on which Sunshine Pharmaceutical completes its registration with relevant government administration offices industry and commerce for the transfer of the Subject Equity Interest, the Transferee shall immediately become the legal owner of the Subject Equity Interest and be entitled to and assume all the rights and obligations in relation to the Subject Equity Interest. The Transferor shall no longer be entitled to any rights in relation to the Subject Equity Interest or assume any obligations or liabilities in relation to the Subject Equity Interest, unless otherwise provided herein. The Transferor shall be obliged to assist the Transferee and Sunshine Pharmaceutical in completing all necessary legal procedures in relation to the transfer of the Subject Equity Interest.
Equity Interest Transfer. 1.1 Based on the terms and conditions provided herein, the Transferor agrees to transfer the Target Equity Interests to the Transferee at the consideration of RMB 6.60 million (“Equity Interest Transfer Consideration”), and the Transferee agrees to accept such Target Equity Interests based on the terms and conditions provided herein.
1.2 The Parties agree that, the Transferee shall, within five (5) working days following the satisfaction of all the prerequisites provided in Article 2 hereof or waiver by the Transferee in writing, or within another period agreed between the Parties, remit the Equity Interest Transfer Consideration at the amount provided in Article 1.1 hereof to an account designated by the Transferor (“Closing”, the date of Closing, “Closing Date”). The Parties agree that, the Transferee’s obligations of paying the Equity Interest Transfer Consideration hereunder are fulfilled after the Transferee pays the Equity Interest Transfer Consideration as provided in this article.
1.3 To meet the registration requirements of Beijing Administration for Market Regulation or its offices (“Administration for Industry and Commerce”), the Transferee and Transferor may enter into an equity interest transfer agreement separately with respect to this Equity Interest Transfer, the terms and conditions of which shall be substantially same as this Agreement, and in the event of any provisions different from this Agreement, the provisions of this Agreement prevail.
1.4 After the Closing, the Company shall complete change registration formalities with the administration for industry and commerce for this Equity Interest Transfer within ninety (90) days following the Closing Date, and provide the Transferee with a duplicate of the new corporation business license issued by the Administration for Industry and Commerce.
Equity Interest Transfer. 2.1 转让方同意将其持有的标的股权及与该等股权相关的权益、利益及依法享有的全部权利转让予受让方。 The shareholders agree to transfer target equity interest, relevant rights and interests and all rights in accordance with law to the transferee.
Equity Interest Transfer. 3 3. CONSIDERATION FOR EQUITY INTEREST TRANSFER............................................ 3 4.
Equity Interest Transfer. Each of the following actions or events, whether by operation of law or otherwise, whether voluntary or involuntary, and whether direct or indirect:
(a) each sale, assignment, conveyance, pledge, hypothecation or transfer in any other mode or form, of or with respect to more than ten percent (10%) of the Equity Interests in Developer (even though Developer itself is not the transferor); or (b) each merger, consolidation, sale, lease, or the like, or a series of mergers, consolidations, sales, leases, or the like that, in the aggregate, result in a disposition of substantially all of Developer’s assets.
Equity Interest Transfer. 5.1 Within 90 days of entry into force of this Agreement and assuming all consideration has been paid in full, the Parties shall jointly commission the Board of Directors of Jinzhou Halla for registrations of the equity interest transfer;
5.2 Changes in registration of the above equity interest shall be done within 90 days after entry into force of this Agreement.
Equity Interest Transfer. Upon the terms and subject to the conditions set forth in this Contract, the Seller hereby agrees to transfer the Equity Interest to the Purchaser (the “Equity Interest Transfer”) for consideration of RMB20 million (the “Purchase Price”). The Purchaser shall pay the Purchase Price to the Seller in accordance with Section 3.3.
Equity Interest Transfer. (1) Party B and Party C agree to transfer to Party A, and Party A agrees to purchase from Party B and Party C, 66.67% of equity interest held by Party B and Party C, respectively, in each of the Target Companies (“Target Equity Interest”) together with any rights, interests and obligations attached thereto in accordance with the terms and conditions of this Agreement (“Target Equity Transfer”).
(2) The ownership of the Target Equity Interest, together with any rights and interests associated with or deriving from the Target Equity Interest shall be transferred from Party B and Party C to Party A on the Closing Date (as defined below) and thereafter shall be owned by Party A.
Equity Interest Transfer. 1.1 Beijing Yucheng shall purchase the entire equity interest of Beijing Sunrisk from Beijing RSK subject to the terms and conditions of this Agreement, and Beijing RSK shall sell to Beijing Yucheng the equity interest aforesaid. Upon completion of such transfer, Beijing Yucheng shall become the sole shareholder of Beijing Sunrisk, holding 100% of the equity interest of Beijing Sunrisk.