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.
Appears in 10 contracts
Samples: Project Development and Management Agreement, Project Development and Management Agreement, Project Development and Management Agreement
