Target Equity. 1.1 The Parties agree that PipeChina shall purchase from PetroChina all of PetroChina’s 60% equity interests in the Target Company, and upon consummation of such purchase, PipeChina shall hold 60% equity interests, and PetroChina shall cease to hold any equity interests in the Target Company.
Target Equity. 1.1 The Existing Shareholders agree, and hereby grant irrevocably and without any additional conditions, the WFOE an option to require, under any of the following circumstances, the Existing Shareholders to transfer to the WFOE or a third entity nominated by the WFOE (the “Nominated Entity”) part or all (subject to the WFOE’s specific requirements) of the equity of the Company held by the Existing Shareholders (the “Target Equity”) (the “Equity Purchase Option”):
Target Equity. (i) All presently outstanding Target Equity were duly and validly issued (or subscribed for) in compliance with all applicable Laws, preemptive rights of any Person, and applicable Contracts. No Target Equity was issued or subscribed to in material violation of the preemptive rights of any Person, terms of any Contract, or any Laws, by which each applicable Target Entity at the time of issuance or subscription was bound. Except as contemplated under this Agreement, there are no (a) resolutions pending to increase the share capital or registered capital of any Target Entity or cause the liquidation, winding up, or dissolution of any Target Entity, nor has any distress, execution or other process been levied against any Target Entity, (b) dividends which have accrued or been declared but are unpaid by any Target Entity, (c) obligations, contingent or otherwise, of any Target Entity to repurchase, redeem, or otherwise acquire any Target Equity, or (d) outstanding or authorized equity appreciation, phantom equity, equity plans or similar rights with respect to any Target Entity.
Target Equity. 1.1 Party B are the existing registered shareholders of Party C, and lawfully own all of the equity interests in Party C.
Target Equity. Seller holds of record and owns beneficially the Target Equity set forth next to its name in Section 4(b) of the Disclosure Schedule, free and clear of any restrictions on transfer, taxes, Liens, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands. Seller is not a party to any option, warrant, purchase right, or other contract or commitment (other than this Agreement or restrictions on transfer created by the Securities Act or blue sky or securities laws) that could require Seller to sell, transfer, or otherwise dispose of any Target Equity. Seller is not a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any Target Equity.
Target Equity. 4.1 The Transferor is entitled to full and complete rights and interests in the Target Equity. No pledge, attachment or other encumbrances or defects of any nature have been imposed on such rights and interests.
Target Equity. (a) The Sellers are the statutory and equity owners of the Target Equity stipulated in Clause 2.1 of the Agreement.
Target Equity. Tapirdo, Xxxxxx Trust, and Hickory Grove are the shareholders of one of the Target Entities, RAAD Productions, LLC, a California company. All of the equity securities of RAAD a r e i n p r o c es s o f b ei n g t r an s f er r ed from the current shareholders of RAAD to the Seller, which process will be completed prior to the Closing. Case 2:19-cv-02963-MWF-JPR Document 27-2 Filed 07/24/19 Page 82 of 98 Page ID #:709 EXECUTION COPY
Target Equity. The tangible shareholders ‘equity as of the date of the Closing Financial Statements shall equal or exceed the Target Equity.
Target Equity. The Target Equity of this Agreement is the equity interest of CDMTV, which shall be in compliance with the PRC Company Law and other relevant PRC Laws, and in accordance with the representations and warranties made by Transferors. All rights and interests related to this equity shall be legally held by Transferors without any precondition, encumbrance or third party right, except when permitted by the provisions of this Agreement and 2007 Equity Pledge Agreement.
