Common use of OBLIGATIONS OF THE SELECTED BIDDER Clause in Contracts

OBLIGATIONS OF THE SELECTED BIDDER. 3.8.1 Selected Bidder shall ensure that it subscribes to 100% (one hundred percent) of the equity share capital of the SPV and continue to hold such shares for a period up to two years after Work Completion. In the event Selected Bidder was a consortium then the shareholding pattern indicated in the Consortium Agreement, shall be complied with;