Shareholding pattern of the Developer Clause Samples
The 'Shareholding pattern of the Developer' clause defines the ownership structure of the developer entity, specifying the distribution of shares among its shareholders. This clause typically requires the developer to disclose the percentage of shares held by each party and may mandate that any changes to this pattern be reported or subject to approval. By clearly outlining who controls the developer and how ownership may change, the clause ensures transparency and helps prevent unauthorized transfers or shifts in control, thereby protecting the interests of other stakeholders in the project.
Shareholding pattern of the Developer. The Successful Bidder has incorporated an SPV/Developer on and its shareholding as on the Appointed Date is as follows;
Shareholding pattern of the Developer. The Successful Bidder has incorporated an SPV/Developer on and holds 100% (one hundred percent) of subscribed and paid up equity share capital in the SPV as on the Appointed Date. The SPV having been set up for the sole purpose to exercise the rights and observing and performing its obligations and liabilities under this Agreement, , hereby undertakes and agrees to continue holding 100% (one hundred percent) of subscribed and paid up equity share capital in the SPV during the Agreement Period.
Shareholding pattern of the Developer. The Developer incorporated an SPV on and its shareholding as on the Agreement Date is as follows: The Developer having been set up for the sole purpose to exercise the rights and observing and performing its obligations and liabilities under this Agreement, the Developer hereby undertakes and agrees to comply with the following conditions: In case the Successful Bidder is a Consortium, the members of the Consortium whose experience has been evaluated for the purposes of RFP, shall subscribe to at least 26% (twenty six per cent) or more of the paid up and subscribed equity of the SPV until 5th year from the Appointed Date. The Lead Member shall hold atleast 26% of the subscribed and paid up equity of the SPV at all times until the 5th year from the Appointed Date and The members of the Consortium shall collectively hold at least 51% (fifty one per cent) of the subscribed and paid up equity of the SPV at all times until the 5th year from the Appointed Date. Thereafter, until the expiry of the Agreement Period, the other members of the Consortium collectively, shall hold not less than 11% (eleven percent) of the subscribed and paid up equity share capital of the SPV and the Lead Member shall hold not less than 26% (twenty six percent) of the subscribed and paid up equity share capital of the SPV. Shareholding for single business entity In case the Successful Bidder is a single Entity, it shall hold at least 76% (seventy six percent) of subscribed and paid up equity share capital of the SPV to implement the Project, until the 5th year from the Appointed Date and hold at least 26% (twenty six percent) of subscribed and paid up equity share capital of the SPV thereafter throughout the Agreement Period
Shareholding pattern of the Developer. The Developer was incorporated on and its shareholding as on the Appointed Date is as follows:
Shareholding pattern of the Developer. The Successful Bidder has incorporated an SPV/Developer on _________________ and holds 100% (one hundred percent) of subscribed and paid up equity share capital in the SPV as on the Appointed Date. The SPV having been set up for the sole purpose to exercise the rights and observing and performing its obligations and liabilities under this Agreement, , hereby undertakes and agrees to continue holding 100% (one hundred percent) of subscribed and paid up equity share capital in the SPV during the Agreement Period. 17 | P a g e Selection of Developer for Development of Tourist Complex – Hesadih, Ranchi Draft PDMA