Asset Purchase Option definition

Asset Purchase Option means the option to purchase any Company Assets as granted to the WFOE by the Company pursuant to the terms and conditions of this Agreement.

Asset Purchase Option means the option to purchase any of the Company Assets that is granted by the Company to the WFOE in accordance with the terms and conditions hereof. Option Shares mean, with respect to an Existing Shareholder, all the shares it holds in the Company’s Registered Capital (as defined below); with respect to all of the Existing Shareholders, 100% shares of the Company. Company’s Registered Capital means the registered capital of the Company as of the date hereof, i.e. RMB 600 million, which also includes the increased registered capital as a result of any form of capital increase during the effective term of this Agreement. Transferred Shares mean the shares of the Company that the WFOE is entitled to require the Existing Shareholders to transfer to it or its designated entity or person pursuant to Article 3 hereof in exercising the Share Transfer Option, and the quantity of such Transferred Shares may be all or part of the Option Shares and is to be determined at the sole discretion of the WFOE in accordance with the then-current PRC Laws and depending upon its own commercial considerations. Transferred Assets mean the Company Assets that the WFOE is entitled to require the Company to transfer to it or its designated entity or person pursuant to Article 3 hereof in exercising the Asset Purchase Option, and the quantity of such Transferred Assets may be all or part of the Company Assets and is to be determined at the sole discretion of the WFOE in accordance with the then-current PRC Laws and depending upon its own commercial considerations.

Asset Purchase Option shall have the meaning set forth in SECTION 3I(ii).

Examples of Asset Purchase Option in a sentence

• Party A shall exercise its Asset Purchase Option subject to the PRC laws and regulations.

• No third person other than Party A and the Designee may enjoy the Asset Purchase Option or other rights related to Party C’s assets.

• Party B, as a shareholder of Party C, hereby agrees that Party C grants the Asset Purchase Option to Party A.

• When exercising the Asset Purchase Option, Party A shall give a written notice to Party C (“Notice for Assets Purchase”), specifying (a) the decision made by Party A or the Designee on the exercise of the Asset Purchase Option; (b) the assets share proposed to be purchased by Party A or the Designee from Party C (“Purchased Assets”); and (c) the purchase date/transfer date of the Purchased Assets.

• Pursuant to such Asset Purchase Option, the WFOE is entitled to, to the extent permitted by the PRC Law, request the Company to transfer all or part of the Company Assets to the WFOE or its designated entity or individual according to the terms and conditions hereunder.

More Definitions of Asset Purchase Option

Asset Purchase Option is defined in Section 1.03 of the Shortfall Agreement.

Asset Purchase Option refers to the option granted by Party C to Party A to purchase any Company Assets in accordance with the terms and conditions of this Agreement.

Asset Purchase Option means the option granted by the Company in accordance with the terms and conditions of this Agreement to Tianjin Xxxxx to purchase any of Company’s assets.

Asset Purchase Option. Means the option granted by the Company to Xiaopeng Auto according to the terms and conditions hereof to purchase any asset of the Company. For the avoidance of any doubt, the Asset Purchase Option is applicable to the Assets (as defined below) only and not applicable to the assets of Xuetao Company.

Asset Purchase Option means the required option to purchase any Company Assets as granted to the WFOE by the Company pursuant to the terms and conditions of this Agreement. “营业执照”是指公司为合法、有效地经营其所有业务而需要获得的批准、许可、备案或注册，包括但不限于，其营业执照和当时有效的中华人民共和国法律可能要求的其他相关许可证和许可证。

Asset Purchase Option. Refers to an option granted by the Company to the Sole Proprietor under the terms and conditions hereof requiring the purchase of any assets of the Company.

Asset Purchase Option shall have the meaning assigned in Section 1.1 of that certain Asset Purchase Option Agreement dated as of June 3, 1995 among Allergan, Ligand and ALRT.