Equity Transfer definition

Equity Transfer shall have the meaning given to such term in Paragraph 6(c) of the Agreement Regarding Leases.

Equity Transfer means any transaction in which your owners or you sell, assign, transfer, convey, pledge, or suffer or permit the transfer or assignment of, any percentage of your Equity Interests that will result in a change in control of you to persons other than those disclosed on Schedule B, as in effect prior to the transaction. Unless there are contractual modifications to your owners' rights, an Equity Transfer of a corporation or limited liability company occurs when either majority voting rights or beneficial ownership of more than 50% of the Equity Interests changes. An Equity Transfer of a partnership occurs when a newly admitted partner will be the managing, sole or controlling general partner, directly or indirectly through a change in control of the Equity Interests of an entity general partner. An Equity Transfer of a trust occurs when either a new trustee with sole investment power is substituted for an existing trustee, or a majority of the beneficiaries convey their beneficial interests to persons other than the beneficiaries existing on the Effective Date. An Equity Transfer does not occur when the Equity Interest ownership among the owners of Equity Interests on the Effective Date changes without the admission of new Equity Interest owners. An Equity Transfer occurs when you merge, consolidate or issue additional Equity Interests in a transaction which would have the effect of diluting the voting rights or beneficial ownership of your owners' combined Equity Interests in the surviving entity to less than a majority.

Equity Transfer shall have the meaning set forth in Article 2.1.

Examples of Equity Transfer in a sentence

• On 12 May 2016, the Subsidiary and the Owners entered into the Equity Transfer Agreement pursuant to which the Subsidiary agreed to purchase, and the Owners agreed to sell, the entire equity interest of the Target Company pursuant to the terms thereof.

• Further details of the Equity Transfer Agreement are set out below.

• Upon completion of the Equity Transfer, each of the Target Company, Qixian Subsidiary and Anyang Subsidiary will become wholly-owned subsidiaries of the Company and their financial results will be consolidated in the accounts of the Company.

• The Owners and the Subsidiary or its designated affiliate will execute the Equity Transfer Agreement in this regard.

• Pursuant to the terms of the Cooperation Framework Agreement, the Owners shall be responsible for coordinating with the relevant parties in the Qixian Project and following up as appropriate after the Equity Transfer and the Subsidiary shall cooperate in this regard.

More Definitions of Equity Transfer

Equity Transfer refers to the assignment of Company’s Equity Interests held by Borrower to Lender or its designated third party in accordance with the provisions of the Exclusive Purchase Option Agreement;

Equity Transfer means the transaction arrangement whereby the Transferor transfers the Target Equity to the Transferee according to the provisions of this Agreement.

Equity Transfer refers to the assignment of Equity Interests in the Company held by Party A to Party B or its designated third party in accordance with the provisions of the exclusive purchase option agreement (the “Exclusive Purchase Option Agreement”) executed on June 1, 2009.

Equity Transfer shall have the meaning set forth on Exhibit C hereto.

Equity Transfer means the transfer of all the equity in Target Company by the Sellers to the Purchaser as per this Agreement.

Equity Transfer has the meaning assigned to such term in Section 9.1(1).

Equity Transfer means any assignment, mortgage, encumbrance, hypothecation, conveyance, sale, or other transfer of equity interest in Lead Developer.