Common use of Exercise Steps Clause in Contracts

Exercise Steps. Party A shall exercise its Equity Call Option subject to the PRC laws and regulations. When exercising the Equity Call Option, Party A shall give a written notice to Party B (“Equity Purchase Notice”), specifying (a) the decision made by Party A or the Designee on the exercise of the Equity Call Option; (b) the percentage of equity proposed to be purchased by Party A or the Designee from Party B (“Purchased Equity”); and (c) the purchase date/transfer date of the Purchased Equity.

Exercise Steps. Party A shall exercise its Equity Call Option subject to the PRC laws and regulations. When exercising the Equity Call Option, Party A shall give a written notice to Party B (“Equity Purchase Notice”), specifying (a1) the decision made by Party A or the Designee on the exercise of the Equity Call Option; (b2) the percentage of equity proposed to be purchased by Party A or the Designee from Party B (“Purchased Equity”); and (c3) the purchase date/transfer date of the Purchased Equity.