Examples of Target Equity in a sentence
The Borrower agrees to use the Loan to pay for the Capital Contribution Amount to acquire the Target Equity and, unless with the prior written consent of the Lender, will not use the Loan for any other purpose.
Starting from the transfer date, Party A shall not have any right in or to the Target Equity nor assume any obligations thereof and Party B shall have rights in and to, and assume obligations of, the Target Equity.
Party B hereby agrees and confirms that, in the event that Party B is dead or becomes person with limited capacity or no capacity, all the Target Equity Interest shall automatically and unconditionally be transferred to Party A or the Designee(s) of Party A at the Equity Interest Purchase Price as prescribed in Section 1.3. The Equity Interest Purchase Price payable to Party B shall be handled in accordance with the provision of Section 1.3.
Any remaining rights of the Transferor with respect to the Target Equity Interest pledged hereunder shall not be exercised by the Transferor except for instructed by the Transferee in writing.
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.