Calculation Formula and Time of Payment of the Transaction Price Sample Clauses

Calculation Formula and Time of Payment of the Transaction Price. The Parties agree that the Transaction Price shall be paid by the Buyer to the Original Shareholders and the Target in two instalments according to the following schedule: 2.2.1 First instalment of payment (the “First Payment”): including: (1) 80% of the Transfer Price (i.e. XXX 00 xxxxxxx) xxxxx xx paid by the Buyer to each of the Original Shareholders according to their respective percentage of the Target Equity to be transferred; and (2) 80% of the Repaid Debts shall be paid by the Buyer to the Group Creditors to repay the debts owed by the Target to the Group Creditors. The First Payment shall be made in one lump sum to each of the Original Shareholders and the Group Creditors within 15 working days after the date on which all the precedent conditions set forth in Article 4.1.2 hereof have been satisfied, or waived by the Buyer. 2.2.2 Second instalment of payment (the “Second Payment”): including: (1) 20% of the Transfer Price (i.e. XXX 0 xxxxxxx) xxxxx xx paid by the Buyer to each of the Original Shareholders according to their respective percentage of the Target Equity to be transferred; and (2) 20% of the Repaid Debts shall be paid by the Buyer to the Group Creditors to repay the debts owed by the Target to the Group Creditors. The Second Payment shall be made in one lump sum to each of the Original Shareholders and the Group Creditors within 15 working days after the date on which all the precedent conditions set forth in Article 4.2 hereof have been satisfied, or waived by the Buyer.
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Related to Calculation Formula and Time of Payment of the Transaction Price

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