NPDC definition

NPDC means National Patent Development Corporation, a Delaware corporation.
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NPDC shall have the meaning assigned to it in Subsection 4.3 (“NPDC”).
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NPDC as defined in the preamble.
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Examples of NPDC in a sentence

  • Credit risk arises from cash and cash equivalents, favourable derivative financial instruments, deposits with banks and financial institutions as well as credit exposures to customers and Joint venture partners, i.e. NPDC receivables and NGC receivables.

  • Subsequent to NPDC 55% stake in the gas plant, Seplat has ceased to process gas for NPDC.

  • The Group is exposed to further credit risk from outstanding cash calls from Nigerian Petroleum Development Company (NPDC) and National Petroleum Investment Management Services (NAPIMS).

  • The major off-taker for gas is the Nigerian Gas Marketing Company and Azura.Gas processing is revenue received from Nigerian Petroleum Development Company (NPDC) for processing its share of the gas extracted from OML 4, 38 and 41.

  • These are based on management’s past experiences with NPDC, current discussions with NPDC and financial capacity of NPDC.

  • Management has made certain assumptions about the recoverability of financial assets exposed to credit risk from NPDC.

  • NPDC will communicate only with authorised officers of the qualifying Companies at each stage of the Tender process, as necessary, and will NOT communicate through individuals or appointed Agents.

  • The outstanding NPDC receivables at the end of the reporting period has been netted against the gas receipts payable to NPDC as Seplat has a legally enforceable right to settle outstanding amounts on a net basis.

  • Interested Companies are to note that pursuant to NPDC (NNPC) and Federal Government Policy to provide opportunities for Nigerian contractors and the development of local expertise, all the applicants must comply fully with the NOGICD Act to give preference to Nigerian companies or foreign companies with Nigerian affiliate and local ownership, which demonstrate willingness to execute the project to the satisfaction of the Nigerian Content requirements and guidelines.

  • NPDC receivables: NPDC receivables represent the outstanding cash calls due from the Nigerian National Petroleum Corporation (NNPC).


More Definitions of NPDC

NPDC. National Patent Development Corporation, a Delaware corporation.
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NPDC shall include NPDC and any subsidiary or affiliate of NPDC.
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Related to NPDC

  • Subscription Date means the date of this Agreement.

  • Company Shareholders means the registered or beneficial holders of the Company Shares, as the context requires;

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.

  • PubCo has the meaning set forth in the Preamble.

  • Founders means all Members immediately prior to the consummation of the IPO.

  • Earnout Shares has the meaning set forth in Section 3.6(a).

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Reverse Split has the meaning set forth in Section 5.21.

  • Ordinary Shareholders means holders of Ordinary Shares.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Principal Stockholders CERTAIN TRANSACTIONS," "DESCRIPTION OF SECURITIES," and "SHARES ELIGIBLE FOR FUTURE SALE" have been reviewed by such counsel, and insofar as they refer to statements of law, descriptions of statutes, licenses, rules or regulations or legal conclusions, are correct in all material respects;

  • Stock Split means any kind of stock split in relation to the Shares, including a free share distribution to the holders of Shares, a stock dividend or a sub-division of Shares;

  • Reverse Stock Split means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware and the acceptance thereof.

  • Principal Shareholders means, collectively, Wxxxxxx Xxxxxx, Jxxx Xxxxxx and Dxxxx Xxxxxx.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Escrowed Shares has the meaning set forth in Section 2.4.

  • Target Shareholders means the holders of Target Shares;

  • Company Shares means the common shares in the capital of the Company;

  • Original Shares means, when used in reference to any one or more Stockholders, the Shares held by such Stockholder on November 30, 2010, or any shares or other securities into which or for which such Shares may have been converted or exchanged in connection with any exchange, reclassification, dividend, distribution, stock split, combination, subdivision, merger, spin-off, recapitalization, reorganization or similar transaction.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Common Stockholders means holders of shares of Common Stock.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Share Consideration has the meaning given to it in Section 2.2;