Common use of Consideration and Payment Schedule Clause in Contracts

Consideration and Payment Schedule. Both the Transferor and the Transferee agree that the consideration of 70% equity of the Target Company (hereinafter referred to as the "Consideration") shall be RMB135,000,000.00 (including tax). In any cases, the amount of the Consideration will not be adjusted. But if any party breaches this Agreement, the breaching party shall take the corresponding liabilities of breach. 4.1.1 The Consideration shall be paid in Renminbi or equivalent US Dollars (the exchange rate between RMB and USD shall be the rate upon each installment of payment) by installments. 4.1.2 Both the Transferor and the Transferee agree the value of the corresponding equity of the Target Company and its related companies listed in Annex I is included in the Consideration. After this acquisition, the Target Company shall achieve the shareholding structure listed in Annex III.

Appears in 1 contract

Samples: Equity Transfer Agreement (China New Energy Group CO)

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Consideration and Payment Schedule. Both the Transferor and the Transferee agree that the consideration of 70% equity of the Target Company (hereinafter referred to as the "Consideration") shall be RMB135,000,000.00 RMB270,000,000.00 (including tax). In any cases, the amount of the Consideration will not be adjusted. But if any party breaches this Agreement, the breaching party shall take the corresponding liabilities of breach. 4.1.1 The Consideration shall be paid in Renminbi or equivalent US Dollars (the exchange rate between RMB and USD shall be the rate upon each installment of payment) by installments. 4.1.2 Both the Transferor and the Transferee agree the value of the corresponding equity of the Target Company Company, Subsidiary Companies and its related companies Related Companies listed in Annex I is included in the Consideration. After this acquisition, the Target Company shall achieve the shareholding structure listed in Annex III.

Appears in 1 contract

Samples: Equity Transfer Agreement (China New Energy Group CO)

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Consideration and Payment Schedule. Both the Transferor and the Transferee agree that the consideration of 70% equity of the Target Company (hereinafter referred to as the "Consideration") shall be RMB135,000,000.00 (including tax). In any cases, the amount of the Consideration will not be adjusted. But if any party breaches this Agreement, the breaching party shall take the corresponding liabilities of breach. 4.1.1 The Consideration shall be paid in Renminbi or equivalent US Dollars (the exchange rate between RMB and USD shall be the rate upon each installment of the payment) by installments. 4.1.2 Both the Transferor and the Transferee agree the value of the corresponding equity of the Target Company, subsidiary companies wholly-owned, controlled, equity affiliates of Target Company and its related companies listed in Annex I is included in the Consideration. After this acquisition, the Target Company shall achieve the shareholding structure listed in Annex III.

Appears in 1 contract

Samples: Equity Transfer Agreement (China New Energy Group CO)

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