BACKSTOP SUBSCRIPTION OBLIGATION. 3.1 Each Back Stop Party hereby severally, and neither jointly, nor jointly and severally, undertakes to the Company to subscribe for itself (in its own name or as it may direct, provided that the subscription is compliant with the Whitewash Resolution) its Relevant Percentage of: (a) the Remaining Creditor Placing Shares; and (b) the Remaining Investor Placing Shares, in each case, at the Placing Price.
Appears in 4 contracts
Samples: Restructuring Support Agreement (Novelion Therapeutics Inc.), Highbridge SCF (Amryt Pharma PLC), Highbridge SCF (Amryt Pharma PLC)