Equity Transfer Price definition
Examples of Equity Transfer Price in a sentence
The Parties agree unanimously that subject to the performance of the liabilities under Article 12 by the Vendor, the first installment of the Equity Transfer Price, that is USD equivalent of RMB35,000,000 payable hereunder (“First Instalment”) will be paid within 10 Working Days after the execution of this Agreement to an account designated by the Vendor.
The Transferor agrees to assume 30% of the legal and economic liability relating to the above penalty prior to the Closing Date, and the Transferee is entitled to deduct such amount from the outstanding Equity Transfer Price.
Article 50 If the Purchaser fails to pay the Equity Transfer Price on time, the Vendor shall have the right to postpone the performance of the obligations in connection therewith while the Vendor and its affiliated company, Yong’an Ruifeng Hydroelectric Ltd., shall also have the right to postpone the performance of their obligations under the Equity Transfer Contract without constituting a default.
In case any matter which may affect the valuation of the Company has been founded in the Due Diligence, Party A shall have the right to request adjustment to the Company’s valuation and the Equity Transfer Price shall be adjusted accordingly.
Article 48 If the Purchaser fails to make payment of the Equity Transfer Price during the agreed period of payment, a default penalty at a daily rate of 0.08% on the aggregate amount delayed shall be payable.
The Transferor agrees to assume 33% of the legal and economic liability relating to the above penalty prior to the Closing Date, and the Transferee is entitled to deduct such amount from the outstanding Equity Transfer Price.
If this Agreement could not be performed due to such default, the defaulting Party shall be liable for payment of default penalty equivalent to one percent of the Equity Transfer Price to the non-defaulting Party.
The Party in default shall be liable for payment of default penalty equivalent to one percent of the Equity Transfer Price to the non-defaulting Party.
The Borrower agrees to use the Loan to pay for the Equity Transfer Price to acquire the Target Equity and, unless with the prior written consent of the Lender, will not use the Loan for any other purpose.
Following the Completion Date for the Equity Transfer and Capital Increase, Noah shall have the right to designate in writing that the Original Shareholders shall repay such loan to the Designated Party as part of the first installment of the Equity Transfer Price as stipulated in Article 2.3 hereof.