Target Equity Interests definition

Target Equity Interests means the equity interests in the Company which the WFOE shall be entitled to request the Existing Shareholders to transfer to it or its designated entity or individual upon exercise of its Equity Transfer Option and in accordance with Section 3 of this Agreement. The Target Equity Interests can be either the whole or a part of the Option Equity Interests, the specific number of which will be determined by the WFOE at its sole discretion in light of the then PRC Laws and its own business considerations.

Target Equity Interests means all of the Equity Interests listed in Part 2 of Schedule A as “Target Equity Interests.”

Target Equity Interests shall have the meaning set forth in the preamble.

Examples of Target Equity Interests in a sentence

• The WFOE and/or other entity or individual designated by it shall pay the Transfer Price regarding the Target Equity Interests acquired during each Exercise of Option to the Existing Shareholders transferring the Target Equity Interests.

• Pursuant to this Agreement, after the Exercise of Option, the WFOE and/or other entity or individual designated by it can obtain good title to the Target Equity Interests free from any lien, pledge, claims and other security interests or third party rights.

• The Existing Shareholders shall transfer to the WFOE and/or other entity or individual designated by it the Target Equity Interests in such number as requested by the WFOE.

• Pursuant to this Agreement, the WFOE and/or its designated entity or individual can, upon the Exercise, obtain ownership of the Target Equity Interests free and clear of any liens, pledges, claims, other encumbrances or third party right.

• Upon receipt of an Exercise Notice, the Existing Shareholders or the Company shall, based on the Exercise Notice and in the way prescribed in Section 3.4 (applicable to the Equity Transfer Option) or Section 3.6 (applicable to the Asset Purchase Option) of this Agreement, immediately transfer all the Target Equity Interests or the Transferrable Assets to the WFOE and/or other entity or individual designated by it in the number prescribed in the Exercise Notice on a one-off basis.

More Definitions of Target Equity Interests

Target Equity Interests means any membership or other equity interest of Target.

Target Equity Interests means all of the shares of capital stock of the Target Company.

Target Equity Interests means all of the Equity Interests of the Target Company, including all of the issued and outstanding shares of Class A Common Stock, par value $0.001 per share, and shares of Class B Common Stock, par value $0.001 per share, of the Target Company.

Target Equity Interests means all of the Equity Interests of the Target Company.

Target Equity Interests the equity interests in the Target Companies as set out in the section headed “Sale and Purchase Agreements — Summary of Sale and Purchase Agreements” in this announcement “Third CB” has the meaning ascribed to it in the section headed “Reasons for and benefits of Disposals — 2018 Disposal” in this announcement “Transitional Period” from the Reference Date up to and including the date of Completion “Transitional Period Audit” the audit on the Target Companies to be carried out by the Purchaser for the Transitional Period within 15 business days after Completion “Tulufan Lianxing” Tulufan Lianxing New Energy Co., Ltd.* (吐魯番聯星新能源有限公司), a company incorporated under the laws of the PRC and an indirect wholly-owned subsidiary of the Company “Tulufan Lianxing SPA” the sale and purchase agreement dated 16 March 2020 entered into between Jiangxi Shunfeng, Shanghai Shunneng and the Purchaser in relation to the sale and purchase of the 100% of the equity interest in Tulufan Lianxing

Target Equity Interests or “TARGET EQUITY” are those membership interests of TARGET identified on Schedule A.

Target Equity Interests means the Target Common Shares and the Target Series A Shares and any other shares, capital stock, interests, securities or other rights representing an economic interest in the profits or capital (in each case whether certificated or uncertificated) of Target (excluding, for avoidance of any doubt, any Target Option or any Target Series B Preferred Shares).