Financial Supporting. In consideration of the foregoing grant of voting rights by the Entrusting Party, Party B agrees to arrange for funds to be provided as necessary to Party C in connection with the business (the “Financial Support”). Party B further agrees that should the business fail in the ordinary course of business, and as a result Party C is unable to repay the Financial Support, the Party C shall have no repayment obligation.
Appears in 4 contracts
Samples: Voting Rights Proxy and Financial Supporting Agreement (E-Home Household Service Holdings LTD), Voting Rights Proxy and Financial Supporting Agreement (E-Home Household Service Holdings LTD), Voting Rights Proxy and Financial Supporting Agreement (E-Home Household Service Holdings LTD)
Financial Supporting. In consideration of the foregoing grant of voting rights by the Entrusting Party, Party B agrees to arrange for funds to be provided as necessary to Party C in connection with the business (the “Financial Support”). Party B further agrees that should the business fail fails in the ordinary course of business, and as a result Party C is unable to repay the Financial Support, the Party C shall have no repayment obligation.. Voting Rights Proxy and Financial Supporting Agreement
Appears in 3 contracts
Samples: Voting Rights Proxy and Financial Supporting Agreement (Hywin Holdings Ltd.), Voting Rights Proxy and Financial Supporting Agreement (Hywin Holdings Ltd.), Voting Rights Proxy and Financial Supporting Agreement (Hywin Holdings Ltd.)
Financial Supporting. In consideration of the foregoing grant of voting rights by the Entrusting Party, Party B agrees to arrange for funds to be provided as necessary to Party C in connection with the business (the “Financial Support”). Party B further agrees that should the business fail fails in the ordinary course of business, and as a result Party C is unable to repay the Financial Support, the Party C shall have no repayment obligation.
Appears in 2 contracts
Samples: Voting Rights Proxy and Financial Supporting Agreement (China Xiangtai Food Co., Ltd.), Voting Rights Proxy and Financial Supporting Agreement (China Xiangtai Food Co., Ltd.)