Common use of Grant of Call Option Clause in Contracts

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in IValley. 2.2 To the extent permitted by the laws of Taiwan, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in IValley. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in IValley, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Appears in 2 contracts

Samples: Call Option Agreement (Ambow Education Holding Ltd.), Call Option Agreement (Ambow Education Holding Ltd.)

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Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in IValleyAmbow Zhixin. 2.2 To the extent permitted by the laws of TaiwanChinese laws, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in IValleyAmbow Zhixin. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in IValleyAmbow Zhixin, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Appears in 1 contract

Samples: Call Option Agreement (Ambow Education Holding Ltd.)

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in IValleyAmbow Shida . 2.2 To the extent permitted by the laws of TaiwanChinese laws, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in IValleyAmbow Shida. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in IValleyAmbow Shida, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Appears in 1 contract

Samples: Call Option Agreement (Ambow Education Holding Ltd.)

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in IValleyAmbow Sihua. 2.2 To the extent permitted by the laws of TaiwanChinese laws, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in IValleyAmbow Sihua. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in IValleyAmbow Sihua, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Appears in 1 contract

Samples: Call Option Agreement (Ambow Education Holding Ltd.)

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Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in IValleyIntelligent Valley. 2.2 To the extent permitted by the laws of Taiwan, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in IValleyIntelligent Valley. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in IValleyIntelligent Valley, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Appears in 1 contract

Samples: Call Option Agreement (Ambow Education Holding Ltd.)

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