Promoter Sale Shares definition

Promoter Sale Shares means 8,87,185 Equity Shares and 49,00,015 Class A CCPS of the Promoter, which if aggregated with the Other Shareholders Sale Shares constitute 51.97% of the total Equity Shares held by the Management Sellers, calculated on a Fully Diluted Basis. The exact details of Promoter Sale Shares shall be as set out in Updated Schedule V.
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Promoter Sale Shares means 28,985,760 Equity Shares constituting, as on the Execution Date, 28.91% of the paid up share capital of the Company, to be transferred by the Promoter Sellers to the Acquirer, in accordance with the terms of this Agreement;
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Promoter Sale Shares has the meaning ascribed to it in Clause 8.2.3.1(b);
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Examples of Promoter Sale Shares in a sentence

  • In the case of In-specie Distribution, as of the In-specie Second Closing Date the Holdco Promoters not received any notice of any investigations, or claims or pending litigation or proceedings that could restrict the sale of the In-specie Holdco Promoter Sale Shares by the Holdco Promoters.

  • It is agreed that any interest that accrues under this Clause 7B(iv) till the Long Stop Date (in case of Purchaser Default) shall continue to remain payable by the Purchasers until the acquisition of the In-specie Snowdrop Sale Shares and / or In-specie Holdco Promoter Sale Shares (as the case may be) pursuant to the terms of this Agreement.

  • Payment of the purchase consideration for the purchase of the Promoter Sale Shares by the Acquirer from the Promoter Sellers was made in Rupees.

  • Under the terms of the Transaction Escrow Agreement: (A) the Promoter Sellers were required to transfer the Promoter Sale Shares to an escrow account maintained by the escrow bank; and (B) the Acquirer was required to provide an irrevocable, unconditional and on demand bank guarantee in favour of such escrow bank, guaranteeing the payment of the Promoter Seller Total Maximum Consideration.

  • The HHS plan response may include threat assessment, consultation, agent identification, epidemiological investigation, hazard detection and reduction, decontamination, public health support, medical support, and pharmaceutical support operations.

  • The Promoter Transferor shall be entitled to sell any of the Promoter Sale Shares to the Third Party only after the Third Party Transferee has purchased all the Sale Shares in accordance with these Articles.

  • Within 20 (twenty) Business Days from the Execution Date, the Acquirer and Promoter Sellers were required to, unless otherwise agreed in writing, endeavour to appoint an escrow bank and execute an escrow agreement to complete the sale and purchase of the Promoter Sale Shares in terms of an escrow arrangement (the “Transaction Escrow Agreement”).

  • Consequent to the above, the total maximum consideration payable in cash by the Acquirer to the Promoter Sellers for the purchase of the Promoter Sale Shares was Rs 1116,75,31,560 (Rupees One thousand one hundred sixteen crores seventy five lakhs thirty one thousand five hundred and sixty) less an amount equivalent to USD 7,90,010 (United States Dollars Seven lakhs ninety thousandand ten) (the “ Promoter Seller Total Maximum Consideration”).

  • Additionally, a deed of adherence and modification to the securities subscription and shareholders agreement was executed on July 9, 2010 pursuant to which PML and KHPL has agreed to transfer the Promoter Sale Shares (as defined below) back to the Promoters on default of certain obligations as provided under the said securities subscription and shareholders agreement.

  • The Acquirer had agreed to acquire the Promoter Sale Shares for an aggregate consideration as determined in accordance with paragraph 2.1.6(b) on page 9 of this Letter of Offer.


More Definitions of Promoter Sale Shares

Promoter Sale Shares means the number of Promoter Shares proposed to be Transferred by the Promoters under Clause 4.3;
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Related to Promoter Sale Shares

  • Sale Shares has the meaning ascribed to it at Recital (A).

  • Sale Share means a Share which is sold or disposed of in accordance with this Schedule.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Controlling shareholding means not less than 51% of the voting rights or paid up share capital in the Company/Consortium.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Selling Shareholders sections in substantially the form attached hereto as Exhibit B. The Company shall use its reasonable best efforts to have each Additional Registration Statement declared effective by the SEC as soon as practicable, but in no event later than the Additional Effectiveness Deadline. By 9:30 a.m. New York time on the Business Day following the Additional Effective Date, the Company shall file with the SEC in accordance with Rule 424 under the 1933 Act the final prospectus to be used in connection with sales pursuant to such Additional Registration Statement.

  • Subco Shares means the common shares in the capital of Subco;

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • Controlling Shareholder means any shareholder owning more than fifty

  • Sold Shares shall have the meaning specified in Section 6.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Minority Shareholders means holders of Shares that were not tendered pursuant to the Offer or in the Subsequent Offering Period (as it may be extended by the Minority Exit Offering Period).

  • Amalco Shares means common shares in the capital of Amalco;

  • Majority Shareholders means Sxx Xxxxxx, Sxxxx Xxxxx, Mxxxxxx Xxxxx and Gxxxx XxXxxxxx.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Principal Shareholders means Xxxx X. Xxxx, Xxx X. Xxxxxxx and Xxxxx X. Xxxxxx, and their respective assignees or successors in interest.

  • Ordinary Shareholder means a holder of ordinary shares;

  • Common Shareholders means the holders of the Common Shares.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Selling Member has the meaning set forth in Section 10.5(a).

  • VWAP Purchase Share Estimate means the number of shares of Common Stock that the Company has in its sole discretion irrevocably instructed its Transfer Agent to issue to the Buyer via the Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program in connection with a VWAP Purchase Notice pursuant to Section 1(c) hereof and issued to the Buyer’s or its designee’s balance account with DTC through its Deposit Withdrawal At Custodian (DWAC) system on the VWAP Purchase Date (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Company Securities has the meaning set forth in Section 3.02(b)(ii).