Equity Transfer Agreements Sample Clauses

Equity Transfer Agreements. Assuming due authorization, execution and delivery of the Equity Transfer Agreements by Parent and the VIE Shareholders, each of the Equity Transfer Agreements is in full force and effect and is valid, binding and enforceable obligations of each of the parties thereto. No approvals or actions by any third party, including any Governmental Entity, are required in connection with the transactions contemplated by the Equity Transfer Agreements, unless otherwise specified therein or in the Termination Agreement. Upon the closing of such transactions pursuant to the terms of the Equity Transfer Agreements, the Company or its designated affiliate will be the owner of all of the outstanding equity interests of the VIE, free and clear of all liens. To the knowledge of the Company, no event has occurred that, with or without notice, lapse of time or both, would constitute a default under the terms of the Equity Transfer Agreements on the part of any party (other than Parent) to the Equity Transfer Agreements.