Examples of Corporate Promoter Selling Shareholder in a sentence
The rights and obligations of the Company and the Corporate Promoter Selling Shareholder are several and not joint.
Further, the Corporate Promoter Selling Shareholder has been duly incorporated, registered and is validly existing under the laws of its jurisdiction.
The Corporate Promoter Selling Shareholder shall severally reimburse any Indemnified Party for all expenses (including any legal or other expenses and disbursements) as they are incurred by such Indemnified Party in connection with investigating, disputing, preparing or defending any such action or claim, whether or not in connection with pending threatened litigation to which the Indemnified Party may become subject, in each case, as such expenses are incurred or paid.
Provided however that, in relation to sub-sections (i) and (v) (a) above of Clause 15.3, the Corporate Promoter Selling Shareholder will not be responsible to any Indemnified Party to the extent of any loss, claim, damage or liability which has resulted, solely and directly from the relevant Indemnified Party’s gross negligence or wilful misconduct or fraud as determined by a binding judgment/order of a court of competent jurisdiction, after exhaustion of all revisional, writ and/or appellate procedures.
The Offer for Sale comprises an offer for sale of Equity Shares by the Corporate Promoter Selling Shareholder, BALIC and PNB MetLife aggregating up to INR 492.60 million, INR 103.70 million and INR 126.70 million, respectively.
It is further clarified that from the date of this Agreement till listing of the Equity Shares pursuant to the Offer, the term ‘proceeds receivable’ shall mean an amount equal to the size of Corporate Promoter Selling Shareholder I’s component of the Offer, as estimated for payment of filing fees to SEBI in connection with the filing of the DRHP with SEBI and post listing of the Equity Shares, the aggregate proceeds received by the Corporate Promoter Selling Shareholder I from the Offer.
The Offer for Sale comprises an offer for sale of Equity Shares by the Corporate Promoter Selling Shareholder, BALIC and PNB Metlife aggregating up to INR 492.60 million, INR 103.70 million and INR 126.70 million, respectively.
Provided that the Corporate Promoter Selling Shareholder will be entitled to share such information with their respective Affiliates, limited partners, potential limited partners, legal counsel and the independent auditors, advisors, who need to know such information in connection with the Offer, provided further such persons are subject to contractual or professional obligations of confidentiality or such persons being made aware of the confidentiality obligations herein.
Provided that none of the BRLMs shall use the logo of the Corporate Promoter Selling Shareholder without its prior written consent (which shall not be unreasonably withheld), for which consent will be required only on a one-time basis for all advertisements and external publications describing such respective BRLMs’ involvement in the Offer and the services rendered by them.
If the payments are interest, dividends, or patronage dividends, also sign and date the form.