Common use of Subsidiary Funds Clause in Contracts

Subsidiary Funds. To the extent permitted by law, the Company shall in good faith use all reasonable efforts as expeditiously as possible to increase the amount of legally available redemption funds including without limitation, procuring that the profits and other funds of each Subsidiary of the Company for the time being available for distribution to be paid to it by way of dividend if and to the extent that the Company would not itself otherwise have sufficient profits available for distribution to make any redemption of Preferred Shares required to be made pursuant to this Section 5.

Appears in 4 contracts

Samples: Shareholders Agreement, Shareholders Agreement (111, Inc.), Shareholders Agreement (111, Inc.)

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