Project SPC definition
Project SPC means a domestic special purpose company incorporated pursuant to the Corporation Code of the Philippines for the purpose of undertaking the Project.
Project SPC means a domestic special purpose company incorporated pursuant to the Corporation Code of the Philippines.
Examples of Project SPC in a sentence
In case of Preferred Bidder being a Consortium, the Lead Member (M/s_XXXX) of the Consortium shall be required to commit to hold a minimum equity stake not less than 26% in the Project SPC and the other constituent member of the Consortium, shall be required to commit to individually hold minimum 10% of equity in the Project SPC at all times during the lock-in period.