Common use of Payment of the Equity Interest Purchase Price Clause in Contracts

Payment of the Equity Interest Purchase Price. The Parties have agreed in the Loan Agreement that any proceeds obtained by Party B through the transfer of its equity interests in Party C shall be used for repayment of the loan provided by Party A in accordance with the Loan Agreement. Accordingly, upon exercise of the Equity Interest Purchase Option, Party A may elect to make payment of the Equity Interest Purchase Price through cancellation of the outstanding amount of the loan owed by Party B to Party A, in which case Party A shall not be required to pay any additional Equity Interest Purchase Price to Party B.

Payment of the Equity Interest Purchase Price. The Parties have agreed in the Loan Agreement Agreements that any proceeds obtained by Party B through the transfer of its equity interests in Party C shall be used for repayment of the loan loans provided by Party A in accordance with the Loan AgreementAgreements. Accordingly, upon exercise of the Equity Interest Purchase Option, Party A may elect to make payment of the Equity Interest Purchase Price through cancellation of the outstanding amount of the loan loans owed by Party B to Party A, in which case Party A shall not be required to pay any additional Equity Interest Purchase Price to Party B.