Common use of Shareholding Clause in Contracts

Shareholding. 6.1 The Lead Member of such selected Bidder (JV / Consortium) shall at all time during the contract period hold equity equivalent to % (as per clause 6.9.2 of ITB) of the subscribed and paid up capital incorporated by the parties to work as the Contractor. Further, other consortium members whose technical / financial eligibility shall have been used for the purpose of qualification under this Tender document shall hold ………..% (as per clause 6.9.3 of ITB) equity respectively, in the subscribed and paid up capital during the contract period; Provided however that the Employer may in its sole and absolute discretion permit a JV / Consortium member to divest [in full/partially] its equity shareholding in the subscribed and paid up capital of the Contractor. (a) The Parties undertake that they shall comply with all equity lock-in requirements set forth in the tender for “the Work”.

Shareholding. 6.1 The Lead Member of such selected Preferred Bidder (JV / Consortium) JV/consortium shall at all time during the contract period License Period hold equity equivalent to % (as per clause 6.9.2 of ITB6.9.2) of the subscribed and paid up capital in the special purpose company incorporated by the parties to work as the ContractorConsultant. Further, other consortium members whose technical / technical/financial eligibility shall have been used for the purpose of qualification under this Tender document TENDER shall hold ………..% (as per clause 6.9.3 of ITB6.9.3) equity respectively, in the subscribed and paid up capital during the contract periodLicense Period; Provided however that the Employer Authority may in its sole and absolute discretion permit a JV / Consortium JV/consortium member to divest [in full/partially] its equity shareholding in the subscribed and paid up capital of the ContractorConsultant. (a) a. The Parties undertake that they shall comply with all equity lock-in requirements set forth in the tender for “the The Work”.

Shareholding. 6.1 The Lead Member of such selected Bidder (JV / Consortium) shall at all time during the contract period hold equity equivalent to % (as per clause 6.9.2 of ITB) of the subscribed and paid up capital incorporated by the parties to work as the ContractorConsultant. Further, other consortium members whose technical / financial eligibility shall have been used for the purpose of qualification under this Tender document shall hold ………..% (as per clause 6.9.3 of ITB) equity respectively, in the subscribed and paid up capital during the contract period; Provided however that the Employer Authority may in its sole and absolute discretion permit a JV / Consortium member to divest [in full/partially] its equity shareholding in the subscribed and paid up capital of the ContractorConsultant. (a) a. The Parties undertake that they shall comply with all equity lock-in requirements set forth in the tender for “the Work”.

Shareholding. 6.1 The Lead Member of such selected Preferred Bidder (JV / Consortium) JV/consortium shall at all time during the contract period License Period hold equity equivalent to % …………..(as per clause 6.9.2 of ITB5.9.2) of the subscribed and paid up capital in the special purpose company incorporated by the parties to work as the Contractorcontractor. Further, other consortium members whose technical / technical/financial eligibility shall have been used for the purpose of qualification under this Tender document TENDER shall hold ………..% (as per clause 6.9.3 of ITB5.9.3) equity respectively, in the subscribed and paid up capital contractor during the contract periodLicense Period; Provided however that the Employer Authority may in its sole and absolute discretion permit a JV / Consortium JV/consortium member to divest [in full/partially] its equity shareholding in the subscribed and paid up capital of the Contractor. (a) contractor. The Parties undertake that they shall comply with all equity lock-in requirements set forth in the tender for “the The Work”.