Common use of Granting of the Option Clause in Contracts

Granting of the Option. 1.1 Granting The Grantor hereby grants to Party A an option (Option) such that Party A may purchase at any time either in one lump sum or in installments the Equity Interest owned by each Grantor in Party B (Equity Interest). Party A or its third party designee may exercise the Option by paying a purchase price which shall be equal to the minimum amount as then permitted by PRC law (Purchase Price). If Party A exercises the Option to purchase only part of the Equity Interest (including but not limited to purchase of Party B’s Equity Interest from part of the Grantors only or purchase of only part of Party B’s Equity Interest from the Grantors), then the Purchase Price for said Equity Interest shall be equal to the total Purchase Price multiplied by the ratio of the Equity Interest subject to transfer relative to the total Equity Interest.

Granting of the Option. 1.1 Granting ​ 1. 1Granting ​ The Grantor hereby grants to Party A an option (Option) such that Party A may purchase at any time either in one lump sum or in installments the Equity Interest owned by each Grantor in Party B (Equity Interest). Party A or its third party designee may exercise the Option by paying a purchase price which shall be equal to the minimum amount as then permitted by PRC law (Purchase Price). If Party A exercises the Option to purchase only part of the Equity Interest (including but not limited to purchase of Party B’s Equity Interest from part of the Grantors only or purchase of only part of Party B’s Equity Interest from the Grantors), then the Purchase Price for said Equity Interest shall be equal to the total Purchase Price multiplied by the ratio of the Equity Interest subject to transfer relative to the total Equity Interest.