Common use of Redemption and Cancellation Clause in Contracts

Redemption and Cancellation. The Class D Share shall cease to have any voting rights or rights to dividends and other distributions immediately upon the transfer and contribution to the Company of all of the ReNew India Common Shares held by CPPIB in exchange for Class A Shares pursuant to the terms of the BCA. The Company shall redeem and cancel the Class D Share for nominal value as soon as reasonably practicable after such transfer and contribution.

Appears in 4 contracts

Samples: Shareholders Agreement (ReNew Energy Global PLC), Shareholders Agreement (ReNew Energy Global PLC), Shareholders Agreement (ReNew Energy Global LTD)

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