IFC CCDs definition

IFC CCDs means 1,100,000 (one million one hundred thousand) compulsorily convertible debentures, with a face value of INR 224.19 (Indian Rupees two hundred and twenty four point one nine) each and carrying interest at the rate of 10% (ten per cent) per annum, and with such terms (including conversion) as set out in Schedule E hereto.
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IFC CCDs means up to Four Million Five Hundred Thousand (4,500,000) fully paid Compulsorily Convertible Debentures having a face value of Rupees One Thousand (INR 1000) each (and having the rights, preferences and privileges as set forth in Schedule 5 of the Subscription Agreement).
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IFC CCDs means fully paid compulsorily convertible debentures having a face value of INR 1,000 (one thousand Indian Rupees only) each and having the rights, preferences and privileges as set forth in Schedule 12 (Terms of IFC CCDs);
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Examples of IFC CCDs in a sentence

  • In terms of the Investor Rights Agreement, the IFC CCDs were converted into 67,14,222 equity shares of the Company on December 2, 2022, at a Conversion Price of INR 417.

  • In the event the Issue Notice is delivered to IFC pursuant to a proposed rights issue and prior to the conversion of IFC CCD's, the Sponsors shall ensure that the Pro-rata Share of the New Securities are offered to IFC as a part of such rights issue or by way of a preferential allotment or in any other matter permitted by Applicable Law (to the satisfaction of IFC).

  • Upon the exercise of the Drag Right of the Investors or Drag Right of IFC, DEG and Proparco in accordance with Clause 6.4 and 6.5 of the SHA, the IFC CCDs shall be subject to the order of preference in terms of the sale of the Equity Securities and the returns on the Equity Securities as set out in the SHA.

  • The Company shall maintain a sufficient number of authorized and unissued share capital till the conversion of each IFC CCDs, to permit the full conversion of the IFC CCDs into Equity Shares in accordance with this Article 74A.

  • Dividend policy Subject to applicable Law, the Company and the Sponsors covenant that the dividend policy agreed to between the Company, Shareholders and all Subsidiaries and their lenders shall be satisfactory to IFC and DEG and shall be such that the Company is able to pay (i) 10% interest on IFC CCDs, and (ii) 5% interest on DEG CCDs and the IFC III CCDs on a quarterly basis.

  • The Company agrees to maintain a sufficient number of authorized and unissued shares till the conversion of the IFC CCDs to permit the full conversion of the IFC CCDs in accordance with this Schedule E.

  • From and after the Transfer of the IFC CCDs in accordance with the terms of the SHA, the transferee of the IFC CCDs will be entitled to vote on every resolution placed before the Company, to the extent permissible under Law, in proportion to the Equity Shares held by such transferee in the share capital of the Company, assuming the transferred IFC CCDs have been converted into Equity Shares of the Company on the basis of the conversion price determined in paragraph 4.2(i) above.

  • The Conversion Notice shall be dated and shall set forth the number of the IFC CCDs in respect of which the holder of IFC CCDs is exercising its right of conversion.

  • If all IFC CCDs have not been converted in accordance with the provisions hereof by the seventh (7th) anniversary of the IFC Subscription, the Base Interest shall increase to 10% per annum (compounded on an annual basis) payable on an annual or semi annual basis at the discretion of the Company.

  • It is agreed that prior to making any cash distribution to the Shareholders (during the Grace Period or thereafter), the Company shall pay any accrued but unpaid Interest (including the Interest accrued for the Grace Period) to the holders of IFC CCDs in terms of Terms of IFC CCDs as set out in the Shareholders’ Agreement.


More Definitions of IFC CCDs

IFC CCDs means fully paid compulsorily convertible debentures having a face value of Rupees 1,000 (INR one thousand only) each and having the rights, preferences and privileges as set forth in the Shareholders’ Agreement;
Sample 1
IFC CCDs means the compulsorily convertible debentures having a face value of INR 10,000 (Indian Rupees ten thousand) each, issued by the Company as per and in accordance with the IFC Subscription Agreement;
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Related to IFC CCDs

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  • NI 81-102 means National Instrument 81-102 – Investment Funds.

  • PTCE 95-60 As defined in Section 5.02(b). PUD: A planned unit development.

  • MI 11-102 means Multilateral Instrument 11-102 – Passport System;

  • Expiry Date (Data di Scadenza) means the "Expiry Date" as specified in § 1 of the Product and Underlying Data.

  • NI 45-102 means National Instrument 45-102 – Resale of Securities;

  • CDBG-DR means the U.S. Department of Housing and Urban Development’s Community Development Block Grant Disaster Recovery program.

  • Certified cabinet x-ray system means an x-ray system that has been certified in accordance with 21 CFR 1010.2 as being manufactured and assembled pursuant to the provisions of 21 CFR 1020.40.

  • Soft drinks means nonalcoholic beverages that contain natural or artificial sweeteners. "Soft drinks" does not include beverages that contain milk or milk products, soy, rice, or similar milk substitutes, or that contains greater than fifty per cent vegetable or fruit juice by volume.

  • frequency ride through as used herein shall mean the ability of a Small Generating Facility to stay connected to and synchronized with the system or equipment of the Transmission Owner and any Affected Systems during system disturbances within a range of under-frequency and over- frequency conditions, in accordance with Good Utility Practice and consistent with any standards and guidelines that are applied to other generating facilities in the Balancing Authority Area on a comparable basis. The term “voltage ride through” as used herein shall mean the ability of a Small Generating Facility to stay connected to and synchronized with the system or equipment of the Transmission Owner and any Affected Systems during system disturbances within a range of under-voltage and over-voltage conditions, in accordance with Good Utility Practice and consistent with any standards and guidelines that are applied to other generating facilities in the Balancing Authority Area on a comparable basis.

  • NZOC means the New Zealand Olympic Committee Incorporated.

  • NI 45-106 means National Instrument 45-106 – Prospectus Exemptions;

  • ug/l means micrograms per liter.

  • Dairy farm means any place or premises where 1 or more dairy animals are kept for milking purposes, and from which a part or all of the milk is provided, sold, or offered for sale.

  • PPPFA means the Preferential Procurement Policy Framework Act, 2000.

  • L1. L2 etc means First or second Lowest Offer etc."L1. L2 etc" means First or second Lowest Offer etc. "LC" means Letter of Credit"LC" means Letter of Credit

  • Digital Signal Level 0 (DS-0 means the lowest-level signal in the time division multiplex digital hierarchy, and represents a voice-grade channel operating at either the 56 Kbps or 64 Kbps transmission bit rates. There are twenty-four (24) DS-0 channels in a DS-1.

  • CDSL means Central Depository Services (India) Ltd.

  • NP 11-202 means National Policy 11-202 – Process for Prospectus Reviews in Multiple Jurisdictions;

  • NP 46-201 means National Policy 46-201 – Escrow for Initial Public Offerings.

  • Switched Access Detail Usage Data means a category 1101xx record as defined in the EMI iconectiv Practice BR 010-200-010.

  • Additional SDU Study means a deliverability study that a Developer may elect to pursue as that term is defined in OATT Section 25 (OATT Attachment S). For purposes of Section 23.4.5 of this Attachment H, “Affiliated Entity” shall mean, with respect to a person or Entity:

  • NI 81-107 means National Instrument 81-107 Independent Review Committee for Investment Funds;

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • State Level Monitoring Cell means the body constituted by the State Government for the control and elimination of ragging in institutions within the jurisdiction of the State, established under a State Law or on the advice of the Central Government, as the case may be.

  • NI 44-102 means National Instrument 44-102 – Shelf Distributions;