Common use of Redemption Method Clause in Contracts

Redemption Method. At any time after the occurrence of any of the Series BC Redemption Events, the Series BC Redemption Party may deliver a written notice to the Actual Controller (the “Series BC Redemption Notice”), requesting any of the Series BC Repurchasers to redeem all or any of the outstanding Series B Preferred Shares and/or Series B+ Preferred Shares and/or Series C Preferred Shares held by such Series BC Redemption Party (the “Series BC Redeemed Shares”) at the Series BC Redemption Price (as defined below) (the “Series BC Redemption Right”). The Series BC Repurchasers shall redeem all of the Series BC Redeemed Shares held by the Series BC Redemption Parties and pay the full amount of the Series BC Redemption Price within three (3) months after receipt of the Series BC Redemption Notice (regardless of whether the registration and/or filing with the relevant Government Authorities has been completed in respect of such redemption or repurchase, to the extent such registration and/or filing is required under applicable laws). If the Series BC Redemption Parties request the Company to redeem the Series BC Redeemed Shares, the Founder shall be jointly and severally liable for such redemption by the Company for a period of two (2) years after the delivery of the Series BC Redemption Notice by the Series BC Redemption Parties; if the Series BC Redemption Parties request the Founder to redeem the Series BC Redeemed Shares, the Company shall be jointly and severally liable for such redemption by the Founder for a period of two (2) years after the delivery of the Series BC Redemption Notice by the Series BC Redemption Parties. The other Shareholders of the Company hereby agree to unconditionally take any necessary measures and actions for exercise of the Series BC Redemption Right under this Section 3.2(iii).

Redemption Method. At any time after the occurrence of any of the Series BC D Redemption Events, any of the Series BC D Redemption Party Parties may deliver a written notice to the Actual Controller (the “Series BC D Redemption Notice”), requesting any of the Series BC D Repurchasers to redeem all or any of the outstanding Series B Preferred Shares and/or Series B+ Preferred Shares and/or Series C D Preferred Shares held by such Series BC D Redemption Party (the “Series BC D Redeemed Shares”) at the Series BC D Redemption Price (as defined below) (the “Series BC D Redemption Right”). The Series BC D Repurchasers shall redeem all of the Series BC D Redeemed Shares held by that the Series BC D Redemption Parties propose to be redeemed and pay the full amount of the Series BC D Redemption Price within three two (32) months after receipt of the Series BC D Redemption Notice (regardless of whether the registration and/or filing with the relevant Government Authorities has been completed in respect of such redemption or repurchaseredemption, to the extent such registration and/or filing is required under applicable laws). If the Series BC D Redemption Parties request the Company to redeem the Series BC D Redeemed Shares, the Founder shall be jointly and severally liable for such redemption by the Company for a period of two (2) years after the delivery of the Series BC Redemption Notice by the Series BC Redemption PartiesCompany; if the Series BC D Redemption Parties request the Founder to redeem the Series BC D Redeemed Shares, the Company shall be jointly and severally liable for such redemption by the Founder for a period of two (2) years after the delivery of the Series BC Redemption Notice by the Series BC Redemption PartiesFounder. The other Shareholders of the Company hereby agree to unconditionally take any necessary measures and actions for exercise of the Series BC D Redemption Right under this Section 3.2(iii3.2(iv).