Payment of the Equity Interest Purchase Price. The Parties have agreed in the Loan Agreement that any proceeds obtained by Party C through the transfer of its equity interests in Party D shall be used for repayment of the loan provided by Party B in accordance with the Loan Agreement. Accordingly, if Party A designates Party B as the Designee, upon exercise of the Equity Interest Purchase Option, Party B may elect to make payment of the Equity Interest Purchase Price through cancellation of the outstanding amount of the loan owed by Party C to Party B, in which case Party A shall not be required to pay any additional purchase price to Party C, unless the Equity Interest Purchase Price set forth herein is required to be adjusted in accordance with the applicable laws and regulations.
Appears in 10 contracts
Samples: Exclusive Option Agreement (Tarena International, Inc.), Exclusive Option Agreement (Tarena International, Inc.), Exclusive Option Agreement (Tarena International, Inc.)
Payment of the Equity Interest Purchase Price. The Parties have agreed in the Loan Agreement that any proceeds obtained by Party C B through the transfer of its equity interests in Party D C shall be used for repayment of the loan provided by Party B D in accordance with the Loan Agreement. Accordingly, if Party A designates Party B D as the Designee, upon exercise of the Equity Interest Purchase Option, Party B D may elect to make payment of the Equity Interest Purchase Price through cancellation of the outstanding amount of the loan owed by Party C B to Party BD, in which case Party A or Party D shall not be required to pay any additional purchase price to Party CB, unless the Equity Interest Purchase Price set forth herein is required to be adjusted in accordance with the applicable laws and regulations.
Appears in 6 contracts
Samples: Exclusive Option Agreement (9F Inc.), Exclusive Option Agreement (9F Inc.), Exclusive Option Agreement (9F Inc.)
Payment of the Equity Interest Purchase Price. The Parties have agreed in the Loan Agreement that any proceeds obtained by Party C B through the transfer of its equity interests in Party D C shall be used for repayment of the loan provided by Party B D in accordance with the Loan Agreement. Accordingly, if Party A designates Party B D as the Designee, upon exercise of the Equity Interest Purchase Option, Party B D may elect to make payment of the Equity Interest Purchase Price through cancellation of the outstanding amount of the loan owed by Party C B to Party BD, in which case Party A or Party D shall not be required to pay any additional purchase price to Party CB, unless the Equity Interest Purchase Price set forth herein is required to be adjusted in accordance with the applicable laws and regulations..
Appears in 1 contract
Samples: Exclusive Option Agreement (9F Inc.)
Payment of the Equity Interest Purchase Price. The Parties have agreed in the Loan Agreement that any proceeds obtained by Party C B through the transfer of its equity interests in Party D C shall be used for repayment of the loan provided by Party B A in accordance with the Loan Agreement. Accordingly, if Party A designates Party B as the Designee, upon plans to exercise of the Equity Interest Purchase Option, Party B A may elect to make payment of the Equity Interest Purchase Price through cancellation of the outstanding amount of the loan owed by Party C B to Party BA, in which case Party A shall not be required to pay any additional purchase price to Party CB, unless the Equity Interest Purchase Price set forth herein is required to be adjusted in accordance with the applicable laws and regulations.
Appears in 1 contract
Samples: Exclusive Option Agreement (TCTM Kids IT Education Inc.)
Payment of the Equity Interest Purchase Price. The Parties have agreed in the Loan Agreement that any proceeds obtained by Party C B through the transfer of its equity interests in Party D C shall be used for repayment of the loan provided by Party B A in accordance with the Loan Agreement. Accordingly, if Party A designates Party B as the Designee, upon plans to exercise of the Equity Interest Purchase Option, Party B A may elect to make payment of the Equity Interest Purchase Price through cancellation of the outstanding amount of the loan owed by Party C B to Party BA, in which case Party A shall not be required to pay any additional purchase price to Party CB, unless the Equity Interest Purchase Price set forth herein is required to be adjusted in accordance with the applicable laws and regulations..
2 Covenants
Appears in 1 contract
Samples: Exclusive Option Agreement (Tarena International, Inc.)