Yatra India definition
Examples of Yatra India in a sentence
As of the close of business on July 16, 2019, (x) 3,159,375 Yatra USA Class F Shares were issued and outstanding and (y) 152,484 Yatra India Shares were owned by Persons other than the Company and its Subsidiaries.
The Exchange Agent shall also act as the agent for the shareholders of the Company, Yatra USA and/or Yatra India for the purpose of receiving and holding their share certificates in respect of the Shares (each, a “Certificate”) (if any).
Except as disclosed in the Schedule of Exceptions, Yatra India and the Subsidiaries own their property and assets free and clear of all mortgages, deeds of trust, liens, loans and Encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and Encumbrances and liens that arise in the ordinary course of business and do not materially impair Yatra India’s or such Subsidiary’s ownership or use of such property or assets.
Yatra India acknowledges and agrees that the Investors’ have made no representation, undertaking, commitment or agreement to provide or assist Yatra India in obtaining any financing, investment or other assistance, other than the subscription of the Shares as set forth herein and subject to the conditions set forth herein.
The authorized capital of Yatra India consists, or will consist, immediately prior to the Closing, of 10,000,000 Equity Shares of face value Rs. 10 per share, 64,58,631 shares of which are issued and paid up immediately prior to the Closing.
There has been no agreement or commitment by any of Yatra India or Subsidiaries to conduct any of the things described in this Section 2.13(b).
Subject to Section 9.3 of this Agreement, none of the rights, privileges, or obligations set forth in, arising under, or created by this Agreement may be pledged, encumbered, assigned or transferred by either of the Investors in favour of any person without the prior consent in writing of the Board of Directors of Yatra India.
Upon receiving such written notice from Yatra India, the relevant Investor shall indemnify the amount of such withholding tax claimed, even if such liability is incident on Yatra India or Yatra Cayman or any affiliate entity of Yatra India.
The Investors acknowledge that they are not relying upon any person, firm or corporation, other than the Founders, Yatra Cayman, Yatra India and their respective officers and directors, in making their respective investments or decisions to invest in Yatra India.
Neither Yatra India nor any Subsidiary is in default in any material respect under any of such franchises, permits, licenses or other similar authority.