Common use of Purchase Price of Assets Clause in Contracts

Purchase Price of Assets. ​ Unless otherwise provided by any law, total consideration of the Purchased Assets (the “Purchase Price of Assets”) shall be RMB10 or the minimum price permitted by Chinese laws and regulations. Where Party A and Party C otherwise agree on a price, their agreed price shall prevail. Party C shall bear any and all taxes and duties incurred by such assets transfer. ​ Notwithstanding the foregoing, subject to compliance with provisions and requirements of then-effective Chinese laws, any consideration paid by Party A and/or its Designee to Party B and/or Party C at any such price shall be returned by Party B and/or Party C ​ severally but not jointly to Party A and/or its designee (provided that any taxes and duties (if any) incurred by exercise of Purchase Option of Assets shall be deducted from any sums returned). The purchase price, after making necessary tax withholdings in accordance with Chinese laws, shall be paid to the account designated by Party B and/or Party C by Party A and/or its Designee within seven (7) days after the day on which the Purchased Assets is duly transferred to the name of Party A and/or its Designee. ​

Purchase Price of Assets. ​ Unless otherwise provided by any law, total full consideration of the Purchased Assets (the “Purchase Price of Assets”) shall be RMB10 or the minimum price permitted by Chinese laws and regulations. Where Party A and Party C otherwise agree on a price, their agreed price shall prevail. Party C shall bear any and all taxes and duties incurred by such assets transfer. ​ Notwithstanding the foregoing, subject to compliance with provisions and requirements of then-effective Chinese laws, any consideration paid by Party A and/or its Designee to Party B and/or Party C at any such price shall be returned by Party B and/or Party C ​ severally but not jointly to Party A and/or its designee Designee (provided that any taxes and duties (if any) incurred by exercise of Purchase Option of Assets shall be deducted from any sums returned). The purchase price, after making necessary tax withholdings in accordance with Chinese laws, shall be paid to the account designated by Party B and/or Party C by Party A and/or its Designee within seven (7) days after the day on which the Purchased Assets is duly transferred to the name of Party A and/or its Designee. ​.