Minimum Equity Commitment and lock-in period Sample Clauses

Minimum Equity Commitment and lock-in period. If the preferred bidder is a consortium, it shall be required to incorporate a Special Project Company (SPC) under the Companies Act of India, 2013 prior to signing of Authorization Agreement The Preferred Bidder/Consortium as a whole shall hold minimum 51% of the paid-up equity share capital of the Authorisee (in SPC) at all times during a period that shall not be less than 5 years from the date of signing of the Authorisation Agreement. In case of Preferred Bidder being a Consortium, the Lead Member shall hold at least 26% of the paid-up equity share capital of the Authorisee for a period that shall not be less than 5 years from the date of signing of the Authorisation Agreement and each other constituent member of the Consortium, shall also hold at least 10% of the paid-up equity share capital of the Authorisee(in SPC) for a period that shall not be less than 5 years from the date of signing of the Authorisation Agreement. No change in composition of the Preferred Bidder/Consortium shall be made for a period of 5 years (the “Lock-in Period”) from the date here of. Any transfer of such share capital after such 5 years shall require the prior written approval of the Grantor, which shall not be unreasonably denied. After the expiry of the lock-in period, another Lead Member may replace the Lead Member, provided that such lead member holds at least 26% of the paid-up equity share capital of the Authorisee(in SPC). For the avoidance of doubt, the Lead Member shall during the Authorisation Period, hold at least 26% of the paid up equity share capital of the Authorisee( in SPC).
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Related to Minimum Equity Commitment and lock-in period

  • Maximum Amount In consideration of the services to be performed by Contractor, the State agrees to pay Contractor, in accordance with the payment provisions specified in Attachment B, a sum not to exceed $250,000.00.

  • Loan Amount 5. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • STAFF COMMITMENT 23. If this Settlement Agreement is accepted by the Hearing Panel, Staff will not initiate any proceeding under the By-laws of the MFDA against the Respondent in respect of the facts set out in Part IV and the contraventions described in Part V of this Settlement Agreement, subject to the provisions of Part IX below. Nothing in this Settlement Agreement precludes Staff from investigating or initiating proceedings in respect of any facts and contraventions that are not set out in Parts IV and V of this Settlement Agreement or in respect of conduct that occurred outside the specified date ranges of the facts and contraventions set out in Parts IV and V, whether known or unknown at the time of settlement. Furthermore, nothing in this Settlement Agreement shall relieve the Respondent from fulfilling any continuing regulatory obligations.

  • EXTENSION OF USE COMMITMENT The Contractor agrees to honor all orders from State Agencies, political subdivisions and others authorized by law (see Section 25 Extension of Use) which are in compliance with the pricing, terms, and conditions set forth in the Contract. Any unilateral limitations/restrictions imposed by the Contractor on eligible Authorized Users will be grounds for cancellation of the Contract.

  • Additional Public Interest Commitments Registry Operator shall comply with the public interest commitments set forth in Specification 11 attached hereto (“Specification 11”).

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Additional Commitments The Parties may negotiate commitments with respect to measures affecting trade in services not subject to scheduling under Article 106 (National Treatment) or Article 107 (Market Access), including those regarding qualifications, standards or licensing matters. Such commitments shall be inscribed in a Party's Schedule.

  • Time Commitment The Advisor shall, and shall cause its Affiliates and their respective employees, officers and agents to, devote to the Company such time as shall be reasonably necessary to conduct the business and affairs of the Company in an appropriate manner consistent with the terms of this Agreement. The Company acknowledges that the Advisor and its Affiliates and their respective employees, officers and agents may also engage in activities unrelated to the Company and may provide services to Persons other than the Company or any of its Affiliates.

  • Security Constrained Unit Commitment Adjustments The NTO shall coordinate with its ITO(s) as applicable regarding any request for commitment of additional Generators. If, following coordination among the NTO and its ITO(s), an additional resource(s) needs to be committed to ensure local area reliability, the NTO, or the ITO(s) at the NTO’s request, may request commitment of additional Generators (including specific output level(s)). The ISO will use Supplemental Resource Evaluation (“SRE”), pursuant to ISO Tariffs and ISO Procedures, to fulfill a request from the NTO or ITO(s), as appropriate, for additional units.

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