CONFIRMATION ON REPAYMENT METHOD Sample Clauses

CONFIRMATION ON REPAYMENT METHOD. The Lenders and the Borrowers hereby agree and confirm that, upon the expiration or early expiration of the above mentioned two installments of Shareholdings’ Borrowings, the Borrowers shall repay such Shareholdings’ Borrowing only in the following way: in accordance with Exclusive Purchase Option provided under the Disposal Agreement, the Borrowers transfer all the Borrowers’ Shares held by them to NetQin Beijing or any person (legal or natural person) designated by NetQin Beijing, and directly use all the consideration for such share transfer to repay the principal of the whole Shareholders’ Borrowings and the interest accrued therefrom. Once the Borrowers completes the transfer of all the Borrowers’ Shares held by them to NetQin Beijing or any person (legal or natural person) designated by NetQin Beijing, it will be deemed that the above two installments of Shareholder’s Borrowings are paid off, regardless of whether the consideration for such share transfer is consistent with the amount of the Shareholder’s Borrowings.