Common use of Transfer of Purchased Assets Clause in Contracts

Transfer of Purchased Assets. For each exercise of the Asset Purchase Option: 1.5.1 Party C shall obtain all necessary internal authorizations in accordance with Party B’s then 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 Purchased 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 Purchased Assets to Party A and/or the Designee(s), unencumbered by any security interests.

Appears in 6 contracts

Samples: Exclusive Option Agreement (Tencent Music Entertainment Group), Exclusive Option Agreement (Tencent Music Entertainment Group), Exclusive Option Agreement (Tencent Music Entertainment Group)

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Transfer of Purchased Assets. For each exercise of the Asset Equity Interest Purchase Option: 1.5.1 Party C shall obtain all necessary internal authorizations in accordance with Party B’s then 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 Purchased 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 Purchased Assets to Party A and/or the Designee(s), unencumbered by any security interests.

Appears in 4 contracts

Samples: Exclusive Option Agreement (Tencent Music Entertainment Group), Exclusive Option Agreement (Tencent Music Entertainment Group), Exclusive Option Agreement (Tencent Music Entertainment Group)

Transfer of Purchased Assets. For each exercise of the Asset Equity Interest Purchase Option: 1.5.1 Party C shall obtain all necessary internal authorizations in accordance with Party B’s then 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 Purchased 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 Purchased Assets to Party A and/or the Designee(s), unencumbered by any security interests.

Appears in 2 contracts

Samples: Exclusive Option Agreement (Tencent Music Entertainment Group), Exclusive Option Agreement (Tencent Music Entertainment Group)

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Transfer of Purchased Assets. For each exercise of the Asset Purchase Option: 1.5.1 Party C shall obtain all necessary internal authorizations in accordance with Party B’s then effective articles of associationpartnership agreement and all supplements thereto. 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 Purchased 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 Purchased Assets to Party A and/or the Designee(s), unencumbered by any security interests.

Appears in 2 contracts

Samples: Exclusive Option Agreement (Tencent Music Entertainment Group), Exclusive Option Agreement (Tencent Music Entertainment Group)

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