ALLOTMENT AND TRANSFER OF THE EQUITY SHARES. 10.1 Subject to the satisfaction of the terms and conditions of this Agreement, and receipt by the Company and each of the Selling Shareholders of the total amount payable for the Equity Shares (without any Encumbrances of any kind, except for fees, commissions and expenses of Underwriters) in the Public Offer Account, on or prior to the Closing Date, the Company shall, on the Closing Date, on behalf of the Selling Shareholders, in consultation with the BRLMs, facilitate the transfer of the Equity Shares pursuant to the Offer and the Selling Shareholders (to the extent of their respective portion of the Offered Shares), in consultation with the BRLMs, shall take all actions required and promptly issue all appropriate instructions required under any agreement, including the Other Agreements, and the Offer Documents, to ensure such transfer and credit of the respective portion of Equity Shares of the Offered Shares in dematerialized form to the depository participant accounts of the Bidders identified by the Registrar within one Working Day immediately following the Closing Date in accordance with the Red Xxxxxxx Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum and Applicable Law.
ALLOTMENT AND TRANSFER OF THE EQUITY SHARES. 10.1 Subject to the satisfaction of the terms and conditions of this Agreement, and receipt by the Company, the Selling Shareholders, the Book Running Lead Manager and the Registrar, of written communication from the Escrow Collection Bank that the total amount payable for the Equity Shares has been duly and validly credited (without any liens, charges or encumbrances of any kind, except for fees, commissions and expenses of Underwriter) to the Public Offer Account on or prior to the Closing Date, the Company and the Selling Shareholders shall, on the Closing Date, facilitate the transfer of the Offered Shares and such Equity Shares shall be credited in dematerialised form to the depository participant accounts of the successful Bidders identified by the Registrar on the Working Day immediately following the Closing Date. The Company and the Selling Shareholders, in consultation with the Book Running Lead Manager, shall take all actions required and promptly issue all appropriate instructions in order to ensure transfer of the Equity Shares and crediting of the Equity Shares in dematerialised form to the depository participant accounts of Bidders identified by the Registrar, in accordance with the Red Xxxxxxx Prospectus and Prospectus.
10.2 Subject to the satisfaction of the terms and conditions of this Agreement, the Company and the Selling Shareholders agree to Allot the Equity Shares to successful Bidders free from all claims, equities, liens, charges, pledges, mortgages, trusts and any other form of Encumbrances or any other right or interest of any third party, subject to the provisions of the Companies Act, and the SEBI ICDR Regulations.
ALLOTMENT AND TRANSFER OF THE EQUITY SHARES. 10.1 Subject to the satisfaction of the terms and conditions of this Agreement, and receipt by the Company, the Selling Shareholders, the Book Running Lead Managers and the Registrar, of written communication from the Escrow Collection Bank that the total amount payable for the Equity Shares has been duly and validly credited (without any liens, charges or encumbrances of any kind, except for fees, commissions and expenses of Underwriters) to the Public Offer Account on or prior to the Closing Date, the Company and the Selling Shareholders shall, on the Closing Date, facilitate the transfer of the Offered Shares and these Equity Shares shall be Allotted and credited in dematerialized form to the depository participant accounts of the successful Bidders identified by the Registrar on the Working Day immediately following the Closing Date, in accordance with the UPI Circulars. The Company and the Selling Shareholders, in consultation with the Book Running Lead Managers, shall take all actions required in accordance with this Agreement, the Fee Letter and Other Agreements and promptly issue all appropriate instructions in order to ensure transfer of the Equity Shares and crediting of the Equity Shares in dematerialized form to the depository participant accounts of Bidders identified by the Registrar within one Working Day, in accordance with the Red Xxxxxxx Prospectus and Prospectus in the case of resident Bidders and the Preliminary Offering Memorandum and the Final Offering Memorandum in the case of non-resident Bidders.
10.2 Subject to the satisfaction of the terms and conditions of this Agreement, (i) the Company agrees to Allot the Equity Shares to successful Bidders free from all claims, equities, liens, charges, pledges, mortgages, trusts and any other form of Encumbrances or any other right or interest of any third party, subject to the provisions of the Companies Act, and the SEBI ICDR Regulations; and (ii) each Selling Shareholder, severally and not jointly, agrees to transfer their respective portion of Offered Shares to successful Bidders free from all claims, equities, liens, charges, pledges, mortgages, trusts and any other form of Encumbrances or any other right or interest of any third party, subject to the provisions of the Companies Act, and the SEBI ICDR Regulations.