OCRPS definition

OCRPS means the optionally convertible and redeemable preference shares of the Company issued to the Investor, and which shall have the terms as set out in SCHEDULE 2;
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OCRPS means an optionally convertible, redeemable, non-cumulative, non-participating preference share of Napo India having a par value of Rupee One (1), with a fixed dividend rate of 0.00001 % which preference shares are: (i) convertible into Shares; or (ii) exchangeable for Napo India Series C Preferred Stock (subject to compliance with applicable Law, including but not limited to, Regulation S, if applicable) or (iii) redeemable under certain circumstances, for an amount as set forth in this Agreement.
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OCRPS means the 2,000 0.001% optionally convertible non-cumulative redeemable preference shares having face value of INR 10 each of the Company to be issued to TV18, aggregating to INR 1,190,000 and having the terms and conditions contained in the Articles;
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Examples of OCRPS in a sentence

  • Further, each Party hereby provides its consent (in accordance with the terms of the Transaction Documents) for the declaration of dividend at the time of redemption of the Series F OCRPS, in accordance with its terms and conditions as set forth in this Agreement, and hereby waives its right to receive any dividend distributed by the Company solely to give effect to the terms of redemption of the Series F OCRPS (in the manner contemplated in this Agreement).

  • Upon the expiry of the Tenure Napo India shall have the right to redeem all the OCRPS for an amount equivalent to the Redemption Amount, which amount shall be credited to a bank account as designated by the Investor.

  • Further, the Company and Promoter hereby confirms and warrants that it shall maintain sufficient reserves at least one month in advance from the relevant Redemption Due Date 2, Redemption Due Date 3 (as may be applicable), as defined in Series F OCRPS Subscription Agreement, to effectuate timely redemption of the Series F OCRPS.


More Definitions of OCRPS

OCRPS means the Optionally Convertible Redeemable Preference Shares of the Transferee Company to be issued and allotted to each equity shareholders of the Transferor Company 1 and Transferor Company 2 as per the terms and conditions mentioned in Schedule – 1.
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OCRPS means an optionally convertible, redeemable, non-cumulative, non-participating preference share of Sindu having a par value of Rupee Ten (10), with a fixed dividend rate of 0.00001% which preference shares are: (i) convertible into Shares of Sindu; or (ii) exchangeable for Sindu Napo Common Stock (subject to compliance with applicable Law), or (iii) redeemable under certain circumstances, for an amount as set forth in this Agreement
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OCRPS means an optionally convertible, redeemable, non-cumulative, non-participating preference share of NPIP having a par value of Rupee One (1), with a fixed dividend rate of 0.00001% which preference shares are: (i) convertible into Shares of NPIP; or (ii) exchangeable for NPIP Napo Common Stock (subject to compliance with applicable Law), or (iii) redeemable under certain circumstances, for an amount as set forth in this Agreement.
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Related to OCRPS

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Development Plans has the meaning set forth in Section 3.2.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;

  • MCIP means (i) the joint county industrial park established pursuant to the terms of the MCIP Agreement and (ii) any joint county industrial park created pursuant to a successor park agreement delivered by the County and a partner county in accordance with Section 4-1-170 of the MCIP Act, or any successor provision, with respect to the Project.

  • Quality Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.3 of Exhibit B to the ITP.