Equity Lock-in Sample Clauses

Equity Lock-in. 2.4.1 The aggregate equity share holding of the Successful bidder in the issued and paid-up equity share capital of the Developer shall not be less than 51% (Fifty One percent) up to a period of two years after the Project Completion Date; Lead Member of the Developer, shall compulsorily hold at least 51% (fifty one percent) of the total paid-up equity share capital of the SPV up to a minimum period of 2 years after the project completion date.; In case the Developer was a consortium, each member of the Developer whose technical experience has been considered to fulfil the technical eligibility criteria, shall hold a minimum of 24% (twenty four percent) equity in the SPV upto a minimum period of 2 (two) year after the project completion date. It is clarified that in case the Developer was a Consortium of entities, then the third member (other than the Lead Member & the Technical Member) of such Consortium shall be permitted to divest its equity in the SPV (Developer) as long as the other Members, i.e. the Lead Member & the Technical Member always hold their minimum equity specified above.
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Equity Lock-in. 20.1 The aggregate equity shareholding of the lead member in the consortium/joint venture shall not be less than 51% from the effective date. The lead member shall have to take prior approval from DISCOM for any reduction or addition in equity shareholding in the consortium or joint venture.

Related to Equity Lock-in

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