Promoter Shares definition

Promoter Shares means equity Shares which are issued and or acquired by the Promoter at any point of time under or pursuant to the terms of this Agreement, including without limitation, Promoter Subscription Shares, any additional or further Shares and all shares arising from or connected to any Shares pursuant to any reorganisation, in each case, so long as such shares are held by Promoter;
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Promoter Shares means 20 (Twenty) equity shares issued by the Company on the terms and conditions set forth in Article 113 hereto;
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Promoter Shares means the Shares of the Company owned by the Promoters.
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Examples of Promoter Shares in a sentence

  • Notwithstanding anything stated above, the Investor shall be entitled to assign its rights and obligations hereunder, including its rights over the pledge of Promoter Shares, to any of its Affiliates or its holding company or ultimate parent company or their Affiliates, without the consent of the other Parties.

  • However, no underwriter will be obligated to do so, and any underwriter may discontinue any market-making at any time, without prior notice.

  • To secure the performance of the obligations of the Promoters and the Company as set out in this Agreement, the Promoters shall create a pledge on the Promoter Shares in favour of the Investor or any Person nominated by it.

  • During a period of 48 (forty-eight) months from the Closing Date (“Restriction Period”), all of the Promoter Shares (“Restricted Shares”) shall be subject to provisions of Clause 12.1.6 below, unless released as provided in this Clause.

  • If such Third Party requires additional Shares in the Company then the Investors (with the consent of holders of more than 75% of the Investor CCPS) shall have the right to drag along and require the Promoters to sell some or all of their Promoter Shares at the same price (or an equivalent price in case the sale is of CCPS) at which the Investors and/or the Business Advisors propose to sell their Shares to such Third Party to enable such an exit.

  • In the event the Investor provides such approval in accordance with this Clause 4.1(b), then the Promoters shall be entitled to Transfer the Promoter Shares subject to the provisions of Clause 4.1(e) (Execution of a Deed of Adherence), Clause 4.1(f) (Transfer to Restricted Person), Clause 4.2 (Right of First Offer) and Clause 4.3 (Tag Along Right) below.

  • It is clarified that the Promotes may transfer the Promoter Shares among the Promoters inter se.


More Definitions of Promoter Shares

Promoter Shares means Equity Shares, Convertible Instruments and other Securities held by the Promoters from time to time;
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