Other Selling Shareholders definition
Examples of Other Selling Shareholders in a sentence
Each of the Other Selling Shareholders is not insolvent or unable to pay their debts within the meaning of any insolvency legislation applicable to it and all authorizations, approvals and consents required by it have been unconditionally obtained and are in full force and effect, to permit it to enter into and perform under this Agreement.
For avoidance of doubt, it is clarified that the Other Selling Shareholders shall be liable, in all respect, for payment of STT.
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 the respective Other Selling Shareholder’s component of the Offer for Sale, 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 Other Selling Shareholders from the Offer for Sale.