Grant of the Call Option Sample Clauses

Grant of the Call Option. 1.1. The Existing Shareholders hereby individually and jointly agree to irrevocably grant to the WFOE an exclusive Call Option without any additional conditions. In accordance with the such Call Option, the WFOE has the right, to the extent permitted by the PRC laws, to require the Existing Shareholders transfer the Call Option to the WFOE or any other entity or person designated by the WFOE according to the terms and conditions stipulated in this Agreement. The WFOE also agrees to accept the Call Option. The Existing Shareholders shall unconditionally give up all the priority rights under the PRC laws and the Company’s articles of association in the exercise of the right to purchase shares in the WFOE and (or) its designated person, and give all the necessary cooperation to the implementation of the call option. No third person other than the WFOE and its designated person shall enjoy the call option.
AutoNDA by SimpleDocs
Grant of the Call Option. Pursuant to the Agreement, the Grantor shall grant the Call Option to the Grantee, pursuant to which the Grantee shall be entitled to purchase at any time all (but not part of) the Option Shares from the Grantor in accordance with the terms thereof during the call option exercise period from the date of the Agreement up to 31 July 2019 (the “Call Option Exercise Period”) by giving written option exercise notice to the Grantor. The Option Shares represent 55% of the issued share capital of Brighten. The consideration of HK$550,000 (the “Call Option Price”) payable by the Grantee to the Grantor upon the exercise of the Call Option shall be settled by the Grantee to the Grantor in cash. Upon completion of the exercise of the Call Option, the Group will cease to hold any interests in Brighten Group. In the event that the Call Option is not exercised by the Grantee upon the expiration of the Call Option Exercise Period, the Minority Shareholders consent that the Grantor shall be entitled to sell the Option Shares to third parties at a price which may be up to 20% more or 20% less than the Call Option Price at the discretion of the Grantor, provided that the Grantor shall use best endeavours to procure such third party purchaser to offer a similar 6 month call option to the Grantee at the substantially similar terms to the Call Option. The Grantor and Xxxxxxxx agreed to arrange transferring certain Group employees to Brighten Group and Brighten Group agreed to take up such employees with effect from 1 February 2019. For the avoidance of doubt, all transfer costs and expenses shall be borne by Brighten Group. Notwithstanding this, as long as the Grantor remains as a shareholder of Brighten, the Grantor will continue to provide full support in its capacity as a shareholder of Brighten to Brighten Group but subject to the compliance of legal and regulation, internal control, risk assessment and supervision of the Grantor.
Grant of the Call Option. 8.1 In consideration of the payment of £1 by 4R to BCS (receipt of which is hereby acknowledged by BCS), BCS grants to 4R an option to purchase all of the Option Shares held by it on the terms of the Call Option set out in this clause 8.
Grant of the Call Option. Subject to the terms and conditions of this agreement, the Issuer hereby grants to the Subscriber, which hereby accepts the same from the Issuer, the unconditional and irrevocable Call Option to acquire the Option Shares against payment of the Call Option Price.
Grant of the Call Option. Subject to the exercise of the Put Holder's Warrants pursuant to Section 2.01 hereof, the Put Holder hereby grants to the Call Holder the right, and not the obligation, to purchase the Shares upon the terms and conditions set forth in this Article V (the "Call Option"). Provided that the Share Put Option has not been previously exercised, and subject to adjustment pursuant to Section 8.03, the Call Option shall be exercisable in whole or in part by the Call Holder at any time during any of the following periods (each, a "Call Exercise Period") as follows:
Grant of the Call Option. 1.1. The Company hereby grants to the Foundation the right to subscribe for and acquire such number of preference shares in the capital of the Company up to a maximum of the number of preferred shares that may be issued under the authorized capital of the Company (these shares referred to as the “Shares” and the right to subscribe and acquire the Shares referred to as the "Call Option"), which Call Option the Foundation hereby accepts, all such subject to the terms and conditions of the Agreement.
Time is Money Join Law Insider Premium to draft better contracts faster.