Common use of Exercise Steps Clause in Contracts

Exercise Steps. Party A and/or the Designated Persons may exercise Option by issuing a written notice (the “Notice”) to Party B specifying the equity interest to be purchased from Party B (the “Purchased Equity Interest”) and the manner of purchase. Within 7 business days upon the receipt of Notice, Party B shall enter into an equity transfer agreement with Party A and/or its designated party and ensure transfer of Purchased Equity Interest to Party A and/or its designated person.

Appears in 17 contracts

Samples: Equity Interest Purchase Agreement (Ionix Technology, Inc.), Equity Interest Purchase Agreement (Toda International Holdings Inc.), Equity Interest Purchase Agreement (Toda International Holdings Inc.)

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Exercise Steps. Party A and/or the Designated Persons may exercise Option by issuing a written notice (the “Notice”) in the form of the sample attached in the appendix I to Party B specifying the equity interest to be purchased from Party B (the “Purchased Equity Interest”) and the manner of purchase. Within 7 business days upon the receipt of Notice, Party B shall enter into an equity transfer agreement with Party A and/or its designated party and ensure transfer of Purchased Equity Interest to Party A and/or its designated person.

Appears in 9 contracts

Samples: Equity Interest Purchase Agreement, Equity Interest Purchase Agreement, Equity Interest Purchase Agreement (Changyou.com LTD)

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Exercise Steps. Party A and/or the Designated Persons Person may exercise the Option by issuing a written notice (the “Notice”) in the form of the sample attached in Appendix 1 to Party B specifying the specific percentage of equity interest to be purchased from Party B (the “Purchased Equity Interest”) and the manner of purchase. Within 7 business days upon the receipt of the Notice, Party B shall enter into an equity transfer agreement with Party A and/or its designated party person and ensure the transfer of Purchased Equity Interest to Party A and/or its designated personperson as soon as practicable.

Appears in 3 contracts

Samples: Equity Interest Purchase Right Agreement, Equity Interest Purchase Right Agreement (Changyou.com LTD), Equity Interest Purchase Right Agreement (Sohu Com Inc)

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