Common use of Granting Right Clause in Contracts

Granting Right. Under the PRC law, Party B hereby irrevocably grants Party A the exclusive right to purchase, or designate one or more persons (the “Specified Person”) to purchase, a portion or whole of the Equity Interest of Party C held by Party B at the price set forth in Article 1.3 hereof in accordance with the procedure promulgated by Party A at any time in Party A’s discretion.(the “Purchase Right”). Except for Party A and the Specified Person, Party C shall not sell the Equity Interest to any third

Appears in 6 contracts

Samples: Exclusive Equity Interest Purchase Agreement (China Yuan Hong Fire Control Group Holdings LTD), Exclusive Equity Interest Purchase Agreement (China Yuan Hong Fire Control Group Holdings LTD), Exclusive Equity Interest Purchase Agreement (China Yuan Hong Fire Control Group Holdings LTD)

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Granting Right. Under the PRC law, Party B hereby irrevocably grants Party A the exclusive right to purchase, or designate one or more persons (the “Specified Person”) to purchase, a portion or whole of the Equity Interest of Party C held by Party B at the price set forth in Article 1.3 hereof in accordance with the procedure promulgated by Party A at any time in Party A’s discretion.(the discretion. (the “Purchase Right”). Except for Party A and the Specified Person, Party C shall not sell the Equity Interest to any third

Appears in 2 contracts

Samples: Exclusive Equity Interest Purchase Agreement (China Yuan Hong Fire Control Group Holdings LTD), Exclusive Equity Interest Purchase Agreement (China Yuan Hong Fire Control Group Holdings LTD)

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