The duty of any Lender, if any, to make a Term Loan Advance to Borrowers in a principal sum not to surpass the amount set out under the heading “Tranche III Term Commitment” opposite that Lender’s name on Schedule 1 is referred to as a “Tranche III Term Commitment.” 1. All vested options under ESOP 2007 (Scheme III) and Special ESOP 2009 – Tranche III (Scheme VI) had to be exercised on or before May 21, 2015 and July 28, 2015, respectively, and therefore 7,11,000 and 35,000 unexercised options under ESOP 2007 and Special ESOP 2009 – Tranche III (Scheme VI) respectively lapsed / expired during the financial year 2015-16.
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