CCCPS definition

CCCPS means the 44,99,965 (Forty Four Lakhs Ninety Nine Thousand Nine Hundred and Sixty Five)- 0.001% Compulsorily Convertible Cumulative Preference Shares of Rs.10/- (Rupees Ten only) each of the Second Transferor Company.
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CCCPS means the cumulative compulsorily convertible preference shares having face value of Rs. 2 (Rupees Two) each in the Transferor Company, with a coupon rate of 0.10% (Zero point One Zero per cent.), each compulsorily convertible into 1 (One) equity share having face value of Rs. 2 (Rupees Two) each of the Transferor Company, on or before the expiry of 18 (Eighteen) calendar months from the date of allotment, and outstanding as on the Record Date, if any.
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CCCPS compulsorily cumulative convertible preference shares of INR 1 (Indian Rupee One) each, which shall have the terms as set out in the Shareholders Agreement.
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Examples of CCCPS in a sentence

  • The issued and paid up capitalisation of the Company as on the Execution Date and as on Closing Date is INR 1,37,33,510 (Indian Rupees One Crore Thirty Seven Lakhs Thirty Three Thousand Five Hundred and Ten) divided into 10,00,045 (Ten Lakhs and Forty Five) Equity Shares and 3,73,306 (Three Lakhs Seventy Three Thousand Three Hundred and Six) CCCPS.

  • Subject to the requirements of Law, such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of the certificate or certificates representing the Series C CCCPS, and the Person entitled to receive the Equity Shares issuable upon such conversion shall be treated for all purposes as the record holder of such Equity Shares on such date.

  • The authorised share capital of the Company is INR 2,05,10,000 (Indian Rupees Two Crore Five Lakhs Ten Thousand only) divided into 1,16,50,000 (One Crore Sixteen Lakhs Fifty Thousand) Equity Shares and 88,60,000 (Eighty Eight Lakhs Sixty Thousand) CCCPS.

  • Each Series E CCCPS may be converted into Equity Shares at any time at the option of the holder of the Series E CCCPS.

  • The Series E CCCPS shall be entitled to anti-dilution protection as provided under the Charter Documents and Clause 6 of this Agreement.

  • The holders of CCCPS SERIES A shall be entitled to the cumulative benefit of all adjustments referred to herein.

  • Each holder of a Series E CCCPS who elects to convert the same into Equity Shares shall surrender the relevant share certificate or certificates therefore at the registered office of the Company, and shall, at the time of such surrender, give written notice to the Company that such holder has elected to convert the same and shall state in such notice the number of Series E CCCPS being converted.

  • In each case of an anti-dilution adjustment, the Company shall cause any of its Directors to compute such adjustment or readjustment and prepare a certificate showing such adjustment or readjustment, and shall mail such certificate, by first class mail, postage prepaid, to the holder of the Series D1 CCCPS at its respective address as shown in the Company’s statutory registers.

  • The holders of Series E1 CCCPS shall accordingly have the right to attend and vote at General Meetings, including and without limitation to the right to receive notice of, and to be present and to vote, either in person or by proxy, at any General Meetings of the Company.

  • Subject to applicable Law, Series E CCCPS shall have Liquidation Preference as set out in Clause 24 of this Agreement.


More Definitions of CCCPS

CCCPS means the Series A CCCPS and the Series B CCCPS.
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CCCPS means fully and compulsorily convertible cumulative preference shares of par value of INR 100 (Indian Rupees One hundred) each and INR 15 (Indian Rupees Fifteen) each, as the case may be, and as issued by the Company on the terms and conditions set out in Article 104 herein;
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Related to CCCPS

  • Non-Preferred Senior Instruments means any obligations of the Issuer which fall or are expressed to fall within the category of obligations described in § 374b of the Czech Insolvency Act implementing Article 108(2) BRRD and any other obligations of the Issuer which, to the extent permitted by Czech law, rank or are expressed to rank pari passu with the Non-Preferred Senior Instruments of the Issuer.

  • Lower Tier Interest As described in the Preliminary Statement.

  • Majority in Liquidation Amount of the Preferred Securities means a vote by the Holder(s), voting separately as a class, of more than fifty percent (50%) of the aggregate Liquidation Amount of all then outstanding Preferred Securities issued by the Issuer.

  • Accrued Certificate Interest With respect to each Distribution Date, as to any Class or Subclass of Certificates (other than any Principal Only Certificates), interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance or Notional Amount thereof immediately prior to such Distribution Date. Accrued Certificate Interest will be calculated on the basis of a 360-day year, consisting of twelve 30-day months. In each case Accrued Certificate Interest on any Class or Subclass of Certificates will be reduced by the amount of:

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.