Common use of Whenever eHi Clause in Contracts

Whenever eHi. Car Rental elects to exercise its options hereunder, it shall give the Existing Shareholders an Equity Transfer Option exercise notice (“Exercise Notice”, the forms of which are set out in Schedules 2 hereto). Upon receipt of an Exercise Notice, the Existing Shareholders shall, acting in accordance with Article 3.3, immediately transfer the Transferrable Equity Interests to eHi Car Rental and/or other entity or individual designated by it pursuant to the Exercise Notice.

Whenever eHi. Car Rental elects to exercise its options hereunder, it shall give the Existing Shareholders an Equity Transfer Option exercise notice (hereinafter referred to as “Exercise Notice”, ” which shall be in the forms form of which are set out in Schedules 2 heretoAppendix II hereof). Upon receipt of an Exercise Notice, the Existing Shareholders shall, acting in accordance with Article 3.3, immediately transfer the Transferrable Equity Interests to eHi Car Rental and/or other entity entities or individual individuals designated by it pursuant to the Exercise Notice.