Common use of Transfer of Optioned Assets Clause in Contracts

Transfer of Optioned Assets. For each exercise of the Equity Interest Purchase Option: 1.5.1 Party C shall obtain all necessary internal authorizations in accordance with Party B’s effective Articles of Association; 1.5.2 Party C shall enter into an asset transfer contract with respect to each transfer with Party A and/or each Designee (whichever is applicable), in accordance with the provisions of this Agreement and the Asset Purchase Option Notice regarding the Optioned Assets; 1.5.3 The relevant Parties shall execute all other necessary contracts, agreements, or documents, obtain all necessary government licenses and permits, and take all necessary actions to transfer the valid ownership of the Optioned Assets to Party A and/or the Designee(s), unencumbered by any security interests.

Transfer of Optioned Assets. For each exercise of the Equity Interest Purchase Option: 1.5.1 Party C shall obtain all necessary internal authorizations in a accordance with Party B’s effective Articles of Association; 1.5.2 Party C shall enter into an asset transfer contract with respect to each transfer with Party A and/or each Designee (whichever is applicable), in accordance with the provisions of this Agreement and the Asset Purchase Option Notice regarding the Optioned Assets; 1.5.3 The relevant Parties shall execute all other necessary contracts, agreements, or documents, obtain all necessary government licenses and permits, and take all necessary actions to transfer the valid ownership of the Optioned Assets to Party A and/or the Designee(s), unencumbered by any security interests.