Payment of Equity Transfer Price. 2.1 Party A shall pay, within 5 business days upon its execution of this Agreement, RMB [ ] to [ ] , RMB [ ] to [ ] and RMB [ ] to [ ], and within 5 business days after completion of all government approvals, registration and filing procedures necessary for the Equity Transfer , pay RMB [ ] to [ ] , RMB [ ] to [ ] and RMB [ ] to [ ].
2.2 Party B shall provide document evidencing its receipt of each payment contemplated under Section 2.1 to Party A within 5 business days from such receipt.
Payment of Equity Transfer Price. All parties agree that, with regard to the Txxxxx Technologies Inc. Equity Transfer, the Transferee shall pay the Txxxxx Technologies Inc. Equity Transfer Amount to the bank account designated by the Transferor within five (5) working days after all the closing prerequisites stipulated in Article 3.1 hereof are met or waived in writing by Transferor I; With regard to the Txxxxx Hangzhou Equity Transfer, the Transferee shall pay the Txxxxx Hangzhou Equity Transfer Amount to the bank account designated by the Transferor within five (5) working days after all the closing prerequisites stipulated in Article 3.1 hereof are met or waived in writing by Transferor II.
Payment of Equity Transfer Price. 2.1 Within five (5) working days after Party A executes the Agreement, Party A shall pay CNY ____ to Shenzhen Jiajun Enterprise Management Partnership (Limited Partnership), CNY ____ to Dongguan Zhihe Enterprise Management Partnership (Limited Partnership), CNY ____ to Yangpu Ruiheng Enterprise Management Partnership (Limited Partnership), CNY ____ to Haikou Jintou Enterprise Management Partnership (Limited Partnership), CNY ____ to Xxxxx Xxxxxx, CNY ____ to Xxxxx Xxxxxx, CNY ____ to Xxxx Xxxxxxx, and CNY ____ to Shanghai Hezhuo Enterprise Management Center (Limited Partnership). Within five (5) working days after the date of completion of all governmental approvals and/or registration and filing formalities, Party A shall pay CNY ____ to Shenzhen Jiajun Enterprise Management Partnership (Limited Partnership), CNY ____ to Dongguan Zhihe Enterprise Management Partnership (Limited Partnership), CNY ____ to Yangpu Ruiheng Enterprise Management Partnership (Limited Partnership), CNY ____ to Haikou Jintou Enterprise Management Partnership (Limited Partnership), CNY ____ to Xxxxx Xxxxxx, CNY ____ to Xxxxx Xxxxxx, CNY ____ to Xxxx Xxxxxxx, and CNY ____ to Shanghai Hezhuo Enterprise Management Center (Limited Partnership).
2.2 Party B shall issue an appropriate receipt certificate to Party A within five (5) working days upon receipt of each payment mentioned in Clause 2.1.
Payment of Equity Transfer Price. 2.1 If the final equity transfer price is higher than 325 million yuan, pay as per the following time limits and conditions:
2.1.1 Payment of the first equity transfer price: Party B has paid Party A an advance payment of 325 million yuan on the basis of the Framework Agreement and the relevant prepayment agreements prior to the signing of this Agreement. The advance payment will, upon the effectiveness of this Agreement, be automatically transferred to Party A as the payment of the first equity transfer price made by Party B; the breakdown of the advance payment of 325 million yuan is as follows:
(1) On September 6, 2013, Pxxxxx.xx paid 75 million yuan in advance;
(2) On April 18, 2014, Pxxxxx.xx paid 150 million yuan in advance; and
(3) On January 30, 2015, Pxxxxx.xx paid 100 million yuan in advance.
2.1.2 Payment of the second equity transfer price: Party B shall pay Party A the second equity transfer price within 3 business days after the assessment report of this transaction filed with the Ministry of Finance and the approval of the Board of Directors of Party B. The second equity transfer price shall be paid up to 85% of the total equity transfer price;
2.1.3 Payment of the third equity transfer price: Party B shall pay the 10% of the equity transfer price prior to the closing date. The closing date is the date on which Party A and Party B consummate the equity transfer in accordance with the formal Equity Transfer Agreement.
2.1.4 Payment of the fourth equity transfer price: One year after the closing, if there is no major quality problem in the overall project and equipment of the Computer Room Building, Party B shall pay the remaining 5% equity transfer price.
2.2 When the assessment price is less than 325 million yuan, if both parties confirm the continuation of the transaction, Party A shall return the difference to Party B within 30 days after the assessment report has been put into effect upon filing. If both parties fail to sign a formal agreement on the transfer of equity within 30 days after the assessment report becomes effective, this transaction will be automatically cancelled. Party A and Party B shall implement in accordance with Article 5.1 of the Agreement.
Payment of Equity Transfer Price. The parties agree that, in conformity with the terms of this Agreement and on the premise of meeting the conditions agreed in this Agreement, the Transferee shall pay the Equity Transfer Price in three installments:
(1) Within ten (10) Working Days after all First Installment preconditions specified in Appendix I (A) of this Agreement are met or waived in writing by the Transferee, the First Installment of RMB [***] million (“First Installment”) shall be paid in the following manner:
(a) The Transferee shall pay a sum of RMB [***] million, which constitutes a part of the First Installment, to the account newly opened by the Target Company in the bank designated by the Transferee (the “Special Account”, and the date of payment of such sum by the Transferee is the “First Installment Date”). The Special Account shall be opened under the name of the Target Company. After the completion of the opening of the Special Account, the relevant certificates and seals (specifically referring to the business license, official seal, special financial seal and corporate seal) related to the account shall be immediately stored, for the purpose of joint custody, into the safe deposit box offered by a bank jointly recognized by the Transferor and the Transferee. The Transferor agrees that the payment of RMB [***] million to the Special Account by the Transferee shall be deemed as the completion of the obligation of payment to the Transferor of the part of the First Installment that is RMB [***] million;
(b) The Transferee shall pay a sum of RMB [***] million, which constitutes a part of the First Installment, to the designated collection account of the Transferor (opened in the name of the Transferor);
(c) The Xxxxxxx Money of RMB [***] already paid by the Transferee to the Transferor shall be automatically converted into a part of the First Installment on the First Installment Date.
(2) After the Transferor receives or is deemed to have received all of the First Installment according to the provisions of Article 2.3 (1), the Target Company shall go through the formalities regarding the industrial and commercial registration of changes (which is to say, specifically, signing and sealing the materials that have passed the preliminary review). Within ten (10) Working Days after the Target Company has completed the industrial and commercial change registration reflecting the Equity Transfer and other Second Installment payment preconditions specified in Appendix I (B) of this A...
Payment of Equity Transfer Price. 2.1 Within 5 working days of the conclusion of this Agreement, Party A pays Zxxxx Xxxxx RMB_________, and Jxxxx Xxxxxxx RMB_________; after the completion of the procedures of governmental approval and the registration related to equity transfer, Party A shall, within 5 working days of the conclusion of this Agreement, pay Zxxxx Xxxxx RMB_________, and Jxxxx Xxxxxxx RMB_________.
2.2 After the receipt of each payment stated in Article 2.1, Party B shall issue the appropriate receipt document to Party A within 5 working days
Payment of Equity Transfer Price. 3.1 Upon the signing of the Agreement and within 7 business days from the date on which all the prerequisites for delivery listed in Article 3.3 are fulfilled, the Transferee shall pay 50% of the Transfer Price (which is RMB51,500,000) to the designated account of Transferor. The date of payment by the Transferee in accordance with the provisions of this Article shall be the “Date of First Payment”.
3.2 The Transferee shall, within 7 business days from the date when the Target Company obtains the notice of the change of shareholders of the Target Company issued by the Industrial and Commercial Bureau (the Transferee shall do its utmost to cooperate with the above change of shareholders), pay the remaining Transfer Price (which is RMB51,500,000) to the designated account of the Transferor.
3.3 The Transferee’s payment of the Transfer Price to the Transferor pursuant to the provisions of Article 3.1 of the Agreement shall be based on the satisfaction or the exemption in writing by the Transferee of each of the following conditions (the “Delivery Conditions”):
(a) The Transferor’s representations and warranties in the Agreement shall be true, correct and complete in all respects on the date of signing of the Agreement and on the Date of First Payment, and shall have the same force and effect as if made on the Date of First Payment (except for the representations and warranties clearly stated to be made on a specific date only); the commitments and covenants contained in the Agreement that shall be fulfilled by the Transferor on or before the Date of First Payment have been fulfilled.
Payment of Equity Transfer Price. Party A shall remit the Equity Transfer Price or the consideration of subscription adjusted in accordance with the Agreement of Performance Commitment and Profit Compensation of the Management of the Company to the bank account designated by Party D in advance within two (2) working days upon satisfaction or waiver in writing by Party A of the preconditions described in Article 3.1 of this Agreement (the “Completion”, and the date of Completion being the “Completion Date”). The Parties unanimously confirm and agree that, notwithstanding any other agreement in this Agreement, the bond and the Deposit of Party D (as defined below) in connection with the Equity Transfer Price and the Letter of Guarantee (as defined below) will be disposed of in accordance with Article 4 of this Agreement.
Payment of Equity Transfer Price. Upon effectiveness of this Agreement, Party B shall pay the Equity Transfer Price, totaling US$4,834,130, to Party A as instructed by Party A.
Payment of Equity Transfer Price. (1) The Buyer shall pay the Equity Transfer Price to the bank account designated by the Seller in one lump sum upon execution of this Agreement and on the day of signing this Agreement. If the Buyer fails to pay the Equity Transfer Price in full within the aforesaid time limit, this Agreement will automatically become invalid.
(2) After receiving the Equity Transfer Price, the Seller will no longer have any rights to the Underlying Equities, and the Buyer will become the owner of the Underlying
