Common use of Reduction/Termination of Contributions Clause in Contracts

Reduction/Termination of Contributions. In the event of a reduction of any Shareholder’s Pro Rata Share, the obligation of such Shareholder (or BioAmber, as contemplated by Section 5.1.4) to provide (a) loan guarantees pursuant to Section 5.1.4 or (b) any other form of financial support (including loans) to the Company shall be proportionally reduced or terminated, as applicable, to the extent of any such reduction (it being understood that BioAmber’s obligation to provide any financial support to the Company shall be so reduced or terminated to the extent of any reduction in BioAmber Lux’s Pro Rata Share).

Appears in 3 contracts

Samples: Joint Venture Agreement (BioAmber Inc.), Joint Venture Agreement (BioAmber Inc.), Joint Venture Agreement (BioAmber Inc.)

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Reduction/Termination of Contributions. In the event of a reduction of any Shareholder’s Pro Rata Share, the any obligation of such Shareholder (or BioAmber, as contemplated by Section 5.1.4applicable) to provide (a) loan guarantees pursuant to Section 5.1.4 or (b) any other form of financial support (including loans) to the Company shall be proportionally reduced or terminated, as applicable, to the extent of any such reduction (it being understood that BioAmber’s any BioAmber obligation to provide any financial support to the Company shall be so reduced or terminated to the extent of any reduction in BioAmber Lux’s Pro Rata Share).

Appears in 1 contract

Samples: Joint Venture Agreement (BioAmber Inc.)

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