Common use of Exercising Steps Clause in Contracts

Exercising Steps. Subject to the terms and conditions of this Agreement, Party A has absolute discretion to determine the specific time, method and frequency for it to exercise the rights where permitted by laws of PRC. Party A shall exercise its Purchasing Right for Equity in compliance with the provisions of PRC laws and regulations. To exercise its purchasing right, Party A shall notify Party B in writing (the “Purchase Notice”), specifying the following matters: (a) Party A’s decision on the exercise of the purchasing right; (b) the equity shares Party A intends to purchase from Party B (the “Purchased Equity”); and (c) the date to purchase/transfer the Purchased Equity. Party A shall exercise its Purchasing Right for Asset in compliance with the provisions of PRC laws and regulations. To exercise its purchasing right, Party A shall notify Party C in writing (the “Asset Purchase Notice”), specifying the following matters: (a) Party A’s decision on the exercise of the purchasing right; (b) the asset Party A intends to purchase from Party C (the “Purchased Asset”); and (c) the date to purchase/transfer the Purchased Asset. When Party A exercises the Purchasing Right for Equity or Purchasing Right for Asset, Party A can not only transfer the Purchased Equity or Purchased Asset on its own, but also designate the Purchased Equity or Purchased Asset to be wholly or partly transferred to the Designated Person.

Exercising Steps. Subject to the terms and conditions of this Agreementhereof and to the extent permitted by Chinese laws, Party A has shall have an absolute discretion to determine decide the specific time, method manner and frequency for it to of the exercise the rights where permitted of its rights. The exercise of Purchasing Right (equity) by laws of PRC. Party A shall exercise its Purchasing Right for Equity in compliance with be subject to the provisions of PRC Chinese laws and regulations. To exercise its purchasing rightPurchasing Right (equity), Party A shall notify Party B in writing (the “Purchase NoticeNotice of Equity”), specifying the following matters: (a) Party A’s decision on the exercise of the purchasing rightPurchasing Right (equity); (b) the equity shares that Party A intends to purchase from Party B (the “Purchased Equity”); and (c) the date to of purchase/transfer of the Purchased Equity. The exercise of Purchasing Right (assets) by Party A shall exercise its Purchasing Right for Asset in compliance with be subject to the provisions of PRC Chinese laws and regulations. To exercise its purchasing rightPurchasing Right (assets), Party A shall notify Party C B in writing (the “Asset Purchase NoticeNotice of Assets”), specifying the following matters: (a) Party A’s decision on the exercise of the purchasing rightPurchasing Right (assets); (b) the asset that Party A intends to purchase from Party C (the “Purchased Asset”); and (c) the date to of purchase/transfer of the Purchased Asset. When Party A exercises Upon the exercise of Purchasing Right for Equity (equity) or Purchasing Right for Asset(assets) by Party A, Party A can not only transfer it may either acquire the Purchased Equity or the Purchased Asset on its ownitself, but also or designate the Purchased Equity or Purchased Asset a Designated Person to be wholly or partly transferred to the Designated Personacquire all of part thereof.