NVLC definition

NVLC means Northland Vessel Leasing Company, LLC.
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NVLC. As defined in the Recitals hereto. NVLC Vessel Charters. Collectively, the bareboat charters of the NVLC Vessels between NVLC and Seller and the time charters of the NVLC Vessels between Seller and YFC or SOG, as in effect on the date hereof or as of the Closing Date. NVLC Vessels. The vessels listed on Schedule 3.9(b) of the YFC Purchase Agreement under the heading "NVLC Vessels", together with each vessel's engines, machinery, masts, spars, boats, anchors, cables, chains, rigging, tackle, fittings, tools, pumps, pumping equipment, fuels and lubes, gear, apparel, furniture, furnishings, logs, manuals, plans, parts lists and other documents, outfit, appliances, equipment, spares or replacement parts, and all other appurtenances thereunto appertaining or belonging wherever located and whether aboard or on shore.
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Examples of NVLC in a sentence

  • We propose to utilize ₹ 58.08 million from the Net Proceeds for the purchase of the shares of the NVLC Companies in fiscal 2017.

  • Further, in the past, we had acquired 70% shareholding in our subsidiaries, NVLC Hyderabad, NVLC Rajkot and Shree Hi-Tech and have, in September 2015, entered into an agreement to acquire 100% shareholding in these subsidiaries, for which the consideration is intended to be partly paid from the Net Proceeds.

  • As on the date of this Draft Red Herring Prospectus, our Company has not deployed any funds towards the Objects of the Offer, other than in respect of the Dwarka Centre and in respect of certain consideration paid for shares purchase from other shareholders of our Subsidiaries, NVLC Hyderabad, NVLC Rajkot and Shree Hi-Tech, as described below in further detail.(` in million)S.

  • The total estimated cost for purchase of shares from the other existing shareholders of NVLC Hyderabad, NVLC Rajkot and Shree-Hi Tech (the “NVLC Companies”), is ₹ 95.90 million, of which ₹ 37.82 million has already been utilized and ₹ 58.08 million is the balance amount required for purchase of shares of the NVLC Companies.

  • We had purchased the equity shares of the NVLC Subsidiaries for a total consideration of ₹ 95.90 million, of which ₹ 58.08 million is outstanding and which we propose to pay out of the Net Proceeds in fiscal 2017.

  • We believe that the acquisition of 100% of the shareholding of the NVLC Subsidiaries enables us to increase revenues on a consolidated basis and progressively scale its business, thereby increasing returns to our Company.

  • Other Confirmations Other than the payment of consideration to Mr. Samir Shah, a director of our Company, for the purchase of shares of the NVLC Companies, no part of the Net Proceeds is intended to be utilized by our Company as consideration to our Promoters, members of the Promoter Group, Directors or Key Managerial Employees, except in the normal course of business.

  • However, our Company, NVLC Hyderabad and NVLC Rajkot did not obtain such prior approval of the Central Government and thus applied for compounding of offences under the Companies Act pursuant to compounding applications dated October 13, 2015, November 14, 2015 and November 16, 2015 filed before the RoC, respectively.

  • Our Company proposes to utilize ₹ 58.08 million from the Net Proceeds as consideration for the purchase of equity shares from Mr. Samir Shah and certain other shareholders in NVLC Hyderabad, NVLC Rajkot and Shree Hi- Tech (the “NVLC Subsidiaries”), three of our subsidiaries.

  • As part of our strategy to consolidate our shareholding in our Subsidiaries, our Company has entered into a share purchase agreement dated September 19, 2015, pursuant to which our Company has purchased 30% of the shareholding of the NVLC Subsidiaries, from the existing shareholders of the NVLC Subsidiaries, such that the NVLC Subsidiaries will become wholly owned subsidiaries of our Company.

Related to NVLC

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