Subscription Securities definition

Subscription Securities has the meaning attributed to such term in Section 6.1(3);

Subscription Securities shall have the meaning set forth in Section 6.4.

Subscription Securities means the US$200,000,000 2.00 per cent. perpetual subordinated convertible securities to be issued pursuant to this Agreement to be consolidated and form a single series with the Securities.

Examples of Subscription Securities in a sentence

• Subject to Clause 3.5 (First Closing for Northern Arc), on each Closing Date, the Company shall always allot Subscription Securities simultaneously to each Anchor Investor from whom it has received the relevant portion of the Subscription Amount, unless otherwise agreed in writing by the Anchor Investors from whom Subscription Amounts have been received.

• The Company shall have increased its authorized capital for enabling the issuance of the Subscription Securities and shall have taken all necessary actions including making all necessary filings to change the nominal value of the Securities to Re.1 (Rupee One).

• As Northern Arc will invest the first tranche of the Northern Arc Subscription Amount after Caspian and Omidyar have invested the first tranche of their Subscription Amounts, the Company shall have the right to utilise the first tranche of the Subscription Amounts received from each Anchor Investor upon issuing the relevant tranche of Subscription Securities to the Anchor Investor.

• Stamp duty costs and related expenses on the Agreement and issue of Subscription Securities, including for issuing the letters of allotment in respect of its Subscription Securities, shall be borne by the Company.

• Upon remittance of the relevant portions of the Subscription Amounts in the manner aforesaid and subject to the terms of this Agreement, the Anchor Investors shall not be required or obligated to make any further payment towards the allotment and issue of the relevant tranche of each series of Subscription Securities to the Anchor Investors as applicable.

More Definitions of Subscription Securities

Subscription Securities has the meaning assigned to such term in the recital.

Subscription Securities means, in relation to the Subscriber, the Subscription Shares and Warrants subscribed for by the Subscriber pursuant to this Agreement.

Subscription Securities has the meaning set forth in Section 2.1.

Subscription Securities has the meaning set forth in Section 4.02(a).

Subscription Securities means collectively, the Series A NCRPS, Series B NCRPS and any other series of NCRPS which may be subsequently issued by the Company to the Promoters or their Designated Nominees, in lieu of the funds being provided by the Promoters or their Designated Nominees to meet the Project Expenses.

Subscription Securities means: (a) the Investor Convertible Securities; and (b) the RREL Equity Securities, and such other RREL Equity Securities held by the Investor and / or its Affiliates from time to time, as of the relevant date of determination; and “Subscription Security” shall be construed accordingly;

Subscription Securities shall have the meaning ascribed to such term in the Registration Rights Agreement – Subscription Shares.