Exclusive Option Agreement definition
Examples of Exclusive Option Agreement in a sentence
The Parties have caused their authorized representatives to execute this Amended and Restated Exclusive Option Agreement as of the date first above written.
To the extent permitted by the applicable PRC laws, the Lender shall have the right but not the obligation to purchase or designate other person(s) (legal or natural person(s)) to purchase the Target Equity Interest in part or in whole at any time, at the price stipulated in the Exclusive Option Agreement.
Since the effective date of this Agreement, the Original Exclusive Option Agreement shall be terminated and shall be replaced and superseded by this Agreement.
This Agreement supersedes, in its entirety, the Original Exclusive Option Agreement relating to the matters set forth herein, which shall be terminated as of the date hereof.
The Pledge shall be continuously valid until the Master Exclusive Service Agreement, the Exclusive Option Agreement and the Power of Attorney expire or terminate.
In the event that the Lender requests the Borrowers to repay the Outstanding Amount according to the above paragraph, subject to the applicable laws and regulations, the Lender may accept payment of the Transfer Price of the designated equity by offsetting the claim owned by the Lender against the Borrowers in respect of the Outstanding Amount, in accordance with the Exclusive Option Agreement entered into between the Lender, the Borrowers, and other relevant parties on the Execution Date.
In such case, subject to applicable laws and regulations, the Lender may accept payment of the Transfer Price of the Option Equity (as defined in the Exclusive Option Agreement) by offsetting the claim owned by the Lender against the Borrowers in respect of the Outstanding Amount, in accordance with the Exclusive Option Agreement entered into between the Lender, the Borrowers, and other relevant parties.
Part C will legally represent any shareholder of Part B, who signs the "Agreement Letter for Exclusive Option Agreement", in this Agreement.
Party B shall not engage in or permit any act that may have an adverse effect on the obligations of Party B and the Operating Company under this Agreement, the Exclusive Support Services Agreement, the Exclusive Option Agreement or the Proxy Agreement .
Therefore, we hereby send you this Notice as follows: We hereby request the exercise of the option under the Exclusive Option Agreement.