Equity Transfers definition

Equity Transfers means the direct or indirect acquisition by, and transfer to, HK Development of all of the Mainstreets Equity Interests on terms as determined by BKAP in its sole discretion and Equity Transfer shall be construed accordingly;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Equity Transfers the First Equity Transfer and the Second Equity Transfer “Group” the Company and its subsidiaries “First Equity Transfer” the transfer of the 49% equity interests in the Target Company pursuant to the Equity Transfer Agreement

Equity Transfers to read in their entirety as follows. “Change of Control” means an event or series of events by which: (a) at any time, Parent shall fail to own one hundred percent (100%) of the Equity Interests of Holdings free and clear of all Liens, rights, options, warrants or other similar agreements or understanding, other than Liens in favor of the Administrative Agent and Liens in favor of the Super Priority Agent; (b) at any time, Holdings shall fail to own one hundred percent (100%) of the Equity Interests of the Borrower free and clear of all Liens, rights, options, warrants or other similar agreements or understanding, other than Liens in favor of the Administrative Agent and Liens in favor of the Super Priority Agent; (c) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding (i) ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇, his immediate family members, and his and their heirs, and trusts that are under the control of any of the foregoing, (ii) any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a “person” or “group” shall be deemed to have “beneficial ownership” of all Equity Interests that such “person” or “group” has the right to acquire, whether such right is SECOND LIMITED CONDITIONAL FORBEARANCE AGREEMENT --Page 6 502196916 v6 1205867.00001

Examples of Equity Transfers in a sentence

• Transactions involving Equity Interests that are not Equity Transfers do not require our consent and are not Transfers.

• At all times throughout the term of the Loan, including after giving effect to any Permitted Equity Transfers, (a) none of the funds or other assets of Borrower, Owner or Guarantors shall constitute property of, or be beneficially owned, directly or indirectly, by any Person subject to trade restrictions under United States law, including, but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. § 1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App.

• As soon as practicable after the Closing but no later than three (3) months after the Closing, each of the Domestic Companies shall complete the registration of the equity pledges created in favor of Shanghai Yuguan pursuant to the Control Documents which reflect the Domestic Companies Equity Transfers with the SAIC.

• For the avoidance of doubt, the foregoing shall not apply in respect of any stamp duties, fees, costs or expenses charged by the Authorities or otherwise arising with respect to the BKHK Transfer, the HK Development Transfer and the Equity Transfers of the Mainstreets Equity Interests, all of which shall be borne by BKAP.

• Upon the Completion of the Equity Transfers and the BKHK Transfer, the ownership structure of the JVC shall be as set forth in Schedule 1-A, Part A of the Agreement.

• If Company, in its good faith reasonable discretion, believes that Employee's negotiation of the Joint Venture Equity Transfers may compromise its relationship with the joint venture partner, Company may assume the role of primary negotiator, with Employee present but not directly contacting the joint venture partner on the topic of the Joint Venture Equity Transfers.

• At all times throughout the term of the Loan, including after giving effect to any Permitted Equity Transfers, (a) none of the funds or other assets of Borrower, Assignor or Guarantors shall constitute property of, or be beneficially owned, directly or indirectly, by any Person subject to trade restrictions under United States law, including, but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. § 1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App.

• Pursuant to the terms set forth below, Employee shall have the right to sell some or all of the interest he holds in an Existing Venture as a result of the Joint Venture Equity Transfers upon the occurrence of a "Liquidity Event" (as defined below) in regard to that Existing Venture, at the same ratio and at the same terms as the Company and AJI.

• If a Transfer is to occur, the transferee or you must give us prior written notice of any proposed Transfer with the procedures specified in Section 9.6. Transactions involving Equity Interests that are not Equity Transfers do not require our consent and are not Transfers.

• If Employee asserts that the loan amount would be greater than 49% of the value of the Joint Venture Equity Transfers, then Employee shall provide adequate documentation to demonstrate the reasons why the tax rate is greater than 49%.

More Definitions of Equity Transfers

Equity Transfers means (1) ▇▇▇ ▇▇▇▇▇▇ (侯晓迪), Hao Jianan (郝佳男), ▇▇▇ ▇▇▇▇▇▇ (郭敏华) and Ren Zhenguo (任振国)’s transfers of all the equity interests they held in Shanghai Tusen Weilai Artificial Intelligence Technology Co., Ltd. (上海图森未来人工智能科技有限公司) to the WFOE at nil consideration; and (2) ▇▇▇ ▇▇▇▇▇▇ (侯晓迪), Hao Jianan (郝佳男), ▇▇▇ ▇▇▇▇▇▇ (郭敏华), Ren Zhenguo (任振国), and Jin ▇▇▇▇ ▇▇▇▇ Bang Technology (Beijing) Co., Ltd. (金卓恒邦科技（北京）有限公司)’s transfers of all the equity interests they held in the DomCo to the WFOE at nil consideration.

Equity Transfers means (1) ▇▇▇ ▇▇▇▇▇▇ ( ), ▇▇▇ ▇▇▇▇▇▇ ( ), ▇▇▇ ▇▇▇▇▇▇ ( ) and Ren Zhenguo ( )’s transfers of all the equity interests they held in Shanghai Tusen Weilai Artificial Intelligence Technology Co., Ltd.