Examples of Sponsor Shareholder in a sentence
Has not been debarred for being Chief Executive, Chairman, Director, Sponsor Shareholder or Key Executive of a company, firm or in similar capacity.
As per the provisions of Securities and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, governing asset reconstruction companies (ARCs), no company can hold more than 50% stake in ARCs. Hence, the Company at present holds 50% in JM Financial ARC and the balance is held by Banks and other Sponsor Shareholder.
The Debtors (as defined below) have also covenanted and agreed to cause the Trustee-Manager (or any subsequent trustee-manager of APTT) not to voluntarily resign as trustee-manager of APTT except in circumstances where the Trustee-Manager (or any subsequent trustee-manager of APTT) is replaced as trustee-manager of APTT by a wholly owned direct or indirect subsidiary of a Sponsor Shareholder Controlled Entity (the “Relevant Covenant”).
For the avoidance of doubt, where the Selling Shareholder is the Sponsor Shareholder or a Management Shareholder, the Selling Shareholder shall not be required to deliver the Transfer Documents to (i) the other Management Shareholders and the Sponsor Shareholders (if the Selling Shareholder is a Management Shareholder) or (ii) to all the Management Shareholders (if the Selling Shareholder is the Sponsor Shareholder).
It is also an indirect wholly- owned Subsidiary of Azalea.The Sponsor has been incorporated for the purpose of initiating the Transaction.The Issuer and the Sponsor have entered into the Sponsor Shareholder Loan Agreement, pursuant to which the Issuer may deliver a request to the Sponsor at any time and from time to time, and the Sponsor may agree, to make the Sponsor Shareholder Loan so specified in such request.