Common use of Steps for Exercise Clause in Contracts

Steps for Exercise. Subject to the provisions of the laws and regulations of China, Party A’s exercise of the Equity Interest Purchase Option shall be subject to the provisions of the laws and regulations of China. Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests and/or the date for transfer of the Optioned Interests.

Steps for Exercise. Subject to the provisions of the laws and regulations of China, Party A’s The exercise of the Equity Interest Purchase Option and the Asset Purchase Option by Party A shall be subject to the provisions of the laws and regulations of China. When Party A may exercise exercises the Equity Interest Purchase Option by issuing Option, a written notice shall be issued to Party B (the “Equity Interest Purchase Option Notice”), specifying: (aspecifying:(a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests and/or or the date for the transfer of the Optioned Interests.