KRPL definition
Examples of KRPL in a sentence
Mr. ▇▇▇▇▇ ▇▇▇▇▇ and KRPL to provide a declaration cum indemnity, in a form and substance satisfactory to Lipalton, that (i) the Company is duly entitled to use, enjoy and claim all right, title, benefits and interest in land bearing Survey ▇▇.
Any tax liability arising and payable on account of payments made towards redemption of A Series NCDs. Such tax liability shall be borne by KRPL.
Lipalton, KRPL, and the Company are collectively referred as the “Parties” and individually, as a “Party” in this Agreement.
The Company shall not and KRPL shall ensure that the Company shall not amend or withdraw the schemes of arrangements filed pursuant to Clauses 6.5(b)(xvii) and 6.5(b)(xviii), without the prior consent of Lipalton, if such amendment or withdrawal will or is likely to result in an adverse impact on the Company or Lipalton/ its Affiliates or result in a failure to extinguish the Class A Equity Shares by way of a reduction of capital.
For sake of clarity, it is agreed between the Parties that the Company shall and KRPL shall cause the Company to ensure that all of the Pre-Closing Steps as set out above in Clause 6.4 are fulfilled on or before the expiry of the 11th working day after Pre- Closing Step 6.4(a) (i).
Lipalton further agrees that all economic benefits and Liabilities in respect of the KRPL Commercial Undertaking shall accrue solely to KRPL.
A Equity Shares shall not be capable of being Transferred or Encumbered without the prior written consent of KRPL and Lipalton.
Further, KRPL shall and shall ensure that the Company shall use their respective best endeavours to ensure that the Class A Equity Shares are extinguished by way of reduction of capital as soon as practicable and, in any event, within 9 (nine) months of the Closing Date, failing which, Lipalton and KRPL shall mutually discuss alternative ways of extinguishing the Class A Equity Shares.
The Company shall, at the cost of the SPV (which cost shall be reimbursed by KRPL to the SPV), gift all its equity shares of RRPL to the SPV.
Further, simultaneously with the payment of the KRPL Series II-B CCD Subscription Amount, the Company shall transfer an amount equal to the RRPL NCDs Interest Payout and KRPL Closing Date ICD in each case, by way of electronic transfer in immediately available funds into the Escrow Account No.