Common use of AMENDMENT TO THE ARTICLES OF ASSOCIATION Clause in Contracts

AMENDMENT TO THE ARTICLES OF ASSOCIATION. 5.1. Prior to the filing of the draft red ▇▇▇▇▇▇▇ prospectus in relation to the Offer with the Securities and Exchange Board of India, the Parties shall cause the Company to amend the articles of association of the Company (in a manner agreed between the Parties) such that it would be in two parts, of which the first part, which shall come into effect on the Listing Date, shall conform to requirements and directions provided by BSE Limited and the National Stock Exchange of India Limited and applicable law and shall continue post the Listing Date (hereinafter referred to as “Part I of the Articles”) and (b) the second part, which shall terminate, and shall cease to have any force and effect on and from the Listing Date, without any further action by the Company or the shareholders of the Company, and shall contain the extant articles of association of the Company which shall comprise of all Investor rights and shall adequately reflect the provisions of the Shareholders’ Agreement and this Amendment Agreement (hereinafter referred to as “Part II of the Articles”). The Parties agree to the appropriate amendments to be made to the articles of association of the Company, to adequately reflect the amendments to the Shareholders’ Agreement.

Appears in 1 contract

Sources: Shareholders Agreement

AMENDMENT TO THE ARTICLES OF ASSOCIATION. 5.1. Prior to the filing of the draft red ▇▇▇▇▇▇▇ prospectus in relation to the Offer IPO with the Securities and Exchange Board of India, the Parties shall cause the Company to amend the articles of association of the Company (in a manner agreed between the Parties“Articles”) such that it would be in two parts, of which the first part, which shall come into effect on the Listing Date, shall conform to requirements and directions provided by the BSE Limited and the National Stock Exchange of India Limited and applicable law and shall continue post the Listing Date (hereinafter referred to as “Part I A of the Articles”) and (b) the second part, which shall terminate, and shall cease to have any force and effect on and from upon the Listing Dateconsummation of the IPO, without any further action by the Company or the shareholders Shareholders of the Company, and shall contain the extant articles of association of the Company which shall comprise of all Investor rights and shall adequately reflect the provisions of the Shareholders’ Agreement and this Amendment Agreement (hereinafter referred to as “Part II B of the Articles”). The Parties agree to that each of the appropriate amendments waivers and consents granted under this Amendment Agreement shall be deemed to be made to a waiver and consent under the articles corresponding clauses of association Part B of the Company, to adequately reflect the amendments to the Shareholders’ AgreementArticles.

Appears in 1 contract

Sources: Shareholders Agreement