Shareholding. The Concessionaire shall ensure that: (a) The Applicant / Consortium holds not less than 51% of its paid up equity capital until 2 years after COD and not less than 26% of its paid up equity capital during the balance Operations Period. (b) M/s [“Lead Member”] holds at any time not less than 50% (c) of the Consortium’s holding in the paid up equity capital of the Concessionaire. OR5
Appears in 4 contracts
Sources: Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement
Shareholding. The Concessionaire shall ensure that:
(a) The Applicant / Consortium holds not less than 51% of its paid up equity capital until 2 years after COD and not less than 26% of its paid up equity capital during the balance Operations Period.
(b) M/s [“Lead Member”] holds at any time not less than 50%
(c) of the Consortium’s holding in the paid up equity capital of the Concessionaire. OR5OR6
Appears in 2 contracts
Sources: Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement, Collection, Segregation, Transportation, and Disposal of Municipal Solid Waste Agreement