Common use of Support Obligation Clause in Contracts

Support Obligation. If a Triggering Event occurs, the Sponsor shall, on or prior to the Mandatory Redemption Date, make a capital contribution to the Company in an amount equal to: (i) the Mandatory Redemption Price, minus (ii) the net liquidation proceeds (after deducting any applicable Securities Intermediary and Trustee fees and charges) delivered to the Trustee in accordance with Section 6.2 of the Security and Control Agreement (the obligation to make such payment, the “Support Obligation”).

Appears in 1 contract

Sources: Purchase Agreement (Wh Holdings Cayman Islands LTD)

Support Obligation. If a Triggering Event occurs, the Sponsor shall, on or prior to the Mandatory Redemption Date, make a capital contribution to the Company in an amount equal to: (i) the Mandatory Redemption Price, minus (ii) the net liquidation proceeds (after deducting any applicable Securities Intermediary and Trustee fees and charges) delivered to the Trustee in accordance with Section 6.2 of the Security and Control Agreement (the obligation to make such payment, the "Support Obligation").

Appears in 1 contract

Sources: Purchase Agreement (Herbalife International Inc)