ALLOTMENT OF THE EQUITY SHARES. Subject to the satisfaction of the terms and conditions of this Agreement, and receipt by the Company, the Promoter Selling Shareholder, the Underwriters and the Registrar, of the written communication from the Escrow Collection Bank that the total amount payable for the Equity Shares has been credited (without any liens, charges or 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, and Promoter Selling Shareholder shall, in consultation with the BRLMs, on the Closing Date, Allot Equity Shares in the Offer, and these Equity Shares will be credited in dematerialized form to the beneficial depository accounts of the Bidders identified by the Registrar on the same Working Day or within one Working Day immediately following the Closing Date in accordance with the UPI Circulars. The Company, and Promoter Selling Shareholder, in consultation with the BRLMs, shall take all actions required and promptly issue all appropriate instructions required under any agreement, including this Agreement and the other Offer Related Agreements and the Offer Documents, in order to ensure Allotment of the Equity Shares and crediting of the Equity Shares in dematerialized form to the depository participant accounts of Bidders in accordance with the Offer Documents and as identified by the Registrar within one Working Day immediately following the Closing Date, in accordance with the Red Xxxxxxx Prospectus and the Prospectus and the Offer Documents.
ALLOTMENT OF THE EQUITY SHARES. Subject to the terms and conditions of this Agreement, the Company agrees to Allot the Equity Shares to successful Bidders free and clear of all Encumbrances or any other right or interest of any third party, subject to the provisions of Applicable Law. The Promoter Selling Shareholder shall transfer its Offered Shares in the Offer for Sale free and clear of any Encumbrances in the manner prescribed under Applicable Law in connection with the Offer, and without any objection by the Promoter Selling Shareholder and in accordance with the instructions of the Registrar to the Offer.
ALLOTMENT OF THE EQUITY SHARES. 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 the written communication from the Public Offer Account 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 as may be provided in the Cash Escrow and Sponsor Bank Agreement) in the Public Offer Account, on or prior to the Closing Date, the Company shall on the Closing Date, in consultation with the Book Running Lead Managers, facilitate the Allotment of the Equity Shares pursuant to the Offer. The Company (in consultation with the Book Running Lead Managers), shall take all actions required and promptly issue all appropriate instructions required under the Transaction Agreements in order to ensure crediting of the Equity Shares in dematerialized form to the depository participant accounts of Bidders identified by the Registrar within one Working Day immediately following the Closing Date, in accordance with the Red Xxxxxxx Prospectus and the Prospectus in the case of resident Bidders and the Preliminary Offering Memorandum and the Offering Memorandum in the case of non-resident Bidders.
ALLOTMENT 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 itself and the Selling Shareholders, in consultation with the BRLMs, Allot the Equity Shares pursuant to the Offer and the Company and the Selling Shareholders (to the extent required, in respect of themselves and their respective portion of the Offered Shares), in consultation with the BRLMs, shall take all actions required and promptly
10.2 Subject to the terms and conditions of this Agreement, the Other Agreements and the Offer Documents the Company shall Allot the Equity Shares to successful Bidders free and clear of all Encumbrances or any other right or interest of any third party. Each Promoter Selling Shareholder, Other Corporate Selling Shareholder and Individual Selling Shareholder shall transfer their respective portion of the Offered Shares in the Offer for Sale free and clear of any Encumbrances or any other right or interest of any third party in the manner prescribed under Applicable Law in connection with the Offer, and in accordance with the instructions of the Registrar.
ALLOTMENT OF THE EQUITY SHARES. Subject to the satisfaction of the terms and conditions of this Agreement, and receipt by the Company, the Selling Shareholders, the BRLMs and the Registrar to the written communication from the Escrow Collection Bank that the total amount payable for the Equity Shares has been duly and validly credited (free and clear of all pre-emptive rights, without any liens, mortgages, charges, pledges, trusts or any other encumbrance or transfer restrictions, both present and future, or any other right or interest of any third party or Encumbrances of any kind, subject to the provisions of the Companies Act, and the ICDR Regulations except as may be provided in the Cash Escrow and Sponsor Bank Agreement) in the Public Offer Account, on or prior to the Closing Date, the Company shall, on the Closing Date, on behalf of itself and the Selling Shareholders, in consultation with the BRLMs, Allot the Equity Shares pursuant to the Offer and the Company, 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 Allotment and credit of Equity 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 OF THE EQUITY SHARES. Subject to the terms and conditions of this Agreement, the Selling Shareholder and the Company agree to transfer the Equity Shares to successful Bidders free from all claims, equities, liens, charges, trusts and encumbrances or any other right or interest of any third party, subject to the provisions of Section 73 of the Companies Act and the SEBI Regulations.
