NCAP definition
Examples of NCAP in a sentence
The Base Balance Sheet shall be acceptable in form and substance to NCAP in its sole and absolute discretion.
NCAP Acquisition of Corporate Security Reporting Business NCAP will then acquire Safe’s Corporate Security Reporting Business from Safe or its affiliate for approximately 50,000,000 restricted shares of NCAP (including the shares acquired by Safe in the acquisition of control transaction), so that, immediately following the closing, Safe will own approximately 50,000,000 shares of NCAP and NCAP will have approximately 52,500,000 common shares outstanding.
This Mexican Red Cross Award will be granted to public, private or social sector organizations whose car fleets have 50% or more of the volume with the vehicle safety devices recommended by the UN as detailed above or made up of cars that are rated with 4 stars or more, according to Latin NCAP evaluations with publication 2020 onwards.
This type of vehicle must have achieved an overall NCAP safety rating of 5 stars.
For the purposes of this Agreement, safer fleets are understood as those used by governments, public, private or social sector entities, whether owned or leased, whose units have 50% or more of their volume with the vehicle safety devices recommended by the UN, or are made up of cars that are rated with 4 stars or more, according to the Latin NCAP 2020 and onwards evaluations.
Ratings of 4 and 5 stars in Latin NCAP tests with results published according to protocols from 2020 onwards ensure that the cars have good levels of protection for occupants and vulnerable road users and significantly reduce the risk of death, serious injury or acquired disability.
NCAP Principal Shareholder Agreements NCAP principal shareholders currently owning a majority of NCAP’s issued and outstanding common stock shall execute a Lock-Up/Leak-Out Agreement limiting the resale of such securities in accordance with terms and conditions to be agreed upon by the parties, among other conditions, including but not limited to satisfaction of all outstanding liabilities of NCAP and agreed upon registration rights with respect to the newly issued shares received in the exchange.
Any outstanding rights to acquire NCAP common stock will be cancelled or included in the remaining 5%.
Occupant safety is the primary concern, all vehicles provided must have been awarded 5 stars by the Euro New Car Assessment Programme (NCAP).
Fleets that have 0 or 1 star cars according to Latin NCAP evaluations published from 2020 onwards, will not be able to aspire to the distinctive or the mention of the MRC.