Common use of Financial Supporting Clause in Contracts

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)

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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.)

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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.)

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