Common use of BINDING EFFECT, ENTIRE UNDERSTANDING Clause in Contracts

BINDING EFFECT, ENTIRE UNDERSTANDING. 21.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties hereto. Except for terms of the Fee Letter, the terms and conditions in this Agreement (including in relation to confidentiality set out in Section 18) supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Managers for the Offer or any taxes payable with respect thereto. 21.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior written consent of the Managers. The Company confirms that until the listing of the Equity Shares, none of the Company, any of its Affiliates or directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares without prior consultation with, and the prior written consent of the Managers.

Appears in 1 contract

Samples: Offer Agreement

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BINDING EFFECT, ENTIRE UNDERSTANDING. 21.1 25.1. The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties hereto. Except for terms of the Fee Letter, the terms and conditions in this Agreement (including in relation to confidentiality set out in Section 18) Agreement, together with the Other Agreements, supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof and as of the date hereof constitute the entire understanding of the Parties with respect to the Offerhereof. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letterany Other Agreements, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Managers Underwriters for the Offer or any service tax, education cess, value added tax or any similar taxes imposed by any Governmental Authority payable with respect thereto. 21.2 25.2. From the date of this Agreement until the commencement of trading in the Equity Shares, the Company and the Selling Shareholders shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior written consent of the ManagersUnderwriters. The Each of the Company confirms and the Selling Shareholders confirm that until the listing of the Equity Shares, none of the Company, the Selling Shareholders, any of its their respective Affiliates or directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares without prior consultation with, and the prior written consent of the ManagersUnderwriters.

Appears in 1 contract

Samples: Underwriting Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 21.1 The terms and conditions of this Agreement shall will be binding on and inure to the benefit of the Parties heretoParties. Except for terms of Unless otherwise mentioned in this Agreement, and except in relation to the fees and expenses contained in the respective Fee Letter, the these terms and conditions in this Agreement (including in relation to confidentiality set out in Section 18) supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof hereof, and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or any taxes payable with respect thereto. 21.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior written consent of the Managers. The Company confirms that until the listing commencement of trading of the Equity SharesShares on the Stock Exchanges pursuant to the Offer, none of the Company, any of its Affiliates Affiliates, Promoters or directors the Directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with, with and the prior written consent of the Lead Managers.

Appears in 1 contract

Samples: Offer Agreement

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BINDING EFFECT, ENTIRE UNDERSTANDING. 21.1 The terms and conditions of this Agreement shall will be binding on and inure to the benefit of the Parties heretoParties. Except for terms of Unless otherwise mentioned in this Agreement, and except in relation to the fees and expenses contained in the respective Fee Letter, the these terms and conditions in this Agreement (including in relation to confidentiality set out in Section 18) supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof hereof, and as of the date hereof constitute the entire understanding of the Parties with respect to the OfferIssue. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees fees, commission or expenses payable to the Managers BRLMs for the Offer Issue or any taxes payable with respect thereto. 21.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior written consent of the Managers. The Company confirms that until the listing commencement of trading of the Equity SharesShares on the Stock Exchanges pursuant to the Issue, none of the Company, any of its Affiliates Promoter or directors Directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Issue, without prior consultation with, with and the prior written consent of the ManagersBRLMs.

Appears in 1 contract

Samples: Issue Agreement

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