Services Termination Amount. (a) In the event the P&G Services Agreement is terminated by P&G pursuant to Section 8.2(b) of the P&G Services Agreement in connection with an exercise by P&G Partners of their Put Right pursuant to Section 6.4(a)(i) hereof or their Tag-Along Right pursuant to Section 6.6 hereof, the aggregate purchase price payable to the P&G Partners with respect to their JV Interests pursuant to such Sections 6.4(a) and 6.6, as applicable, will be reduced as follows: Date of P&G Notice of Termination Purchase Price Reduction On the Closing Date $[* * *] On the one-year anniversary of the Closing Date $[* * *] On the two-year anniversary of the Closing Date $[* * *] On the three-year anniversary of the Closing Date $[* * *] On the four-year anniversary of the Closing Date $[* * *] On the five-year anniversary of the Closing Date $[* * *] On the six-year anniversary of the Closing Date $[* * *] On the seven-year anniversary of the Closing Date $[* * *] On the eight-year anniversary of the Closing Date $[* * *] On the nine-year anniversary of the Closing Date $[* * *] On and after the ten-year anniversary of the Closing Date [* * *] THE PORTIONS OF THIS AGREEMENT IDENTIFIED BY THE SYMBOL “[* * *]” HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A CONFIDENTIAL TREATMENT REQUEST. To the extent that the date of the P&G notice of termination is delivered other than on one of the anniversary date referenced above, the purchase price reduction will equal the sum of the purchase price reduction on the immediately succeeding anniversary date referenced above plus the product of (i) the number of days until the immediately succeeding anniversary date divided by 365 and (ii) the purchase price reduction amount on the immediately preceding anniversary date minus the purchase price reduction amount on the immediately succeeding anniversary date.
Services Termination Amount. (a) In the event the P&G Services Agreement is terminated by P&G pursuant to Section 8.2(b) of the P&G Services Agreement in connection with an exercise by P&G Partners of their Put Right pursuant to Section 6.4(a)(i) hereof or their Tag-Along Right pursuant to Section 6.6 hereof, the aggregate purchase price payable to the P&G Partners with respect to their JV Interests pursuant to such Sections 6.4(a) and 6.6, as applicable, will be reduced as follows: Date of P&G Notice of Termination Purchase Price Reduction On the Closing Date $37,500,000 On the one-year anniversary of the Closing Date $32,400,000 On the two-year anniversary of the Closing Date $27,300,000 On the three-year anniversary of the Closing Date $22,400,000 On the four-year anniversary of the Closing Date $17,700,000 On the five-year anniversary of the Closing Date $13,400,000 On the six-year anniversary of the Closing Date $9,400,000 On the seven-year anniversary of the Closing Date $6,000,000 On the eight-year anniversary of the Closing Date $3,100,000 On the nine-year anniversary of the Closing Date $1,100,000 On and after the ten-year anniversary of the Closing Date None To the extent that the date of the P&G notice of termination is delivered other than on one of the anniversary date referenced above, the purchase price reduction will equal the sum of the purchase price reduction on the immediately succeeding anniversary date referenced above plus the product of (i) the number of days until the immediately succeeding anniversary date divided by 365 and (ii) the purchase price reduction amount on the immediately preceding anniversary date minus the purchase price reduction amount on the immediately succeeding anniversary date.
