CLOSURE OF THE ESCROW DEMAT ACCOUNT Sample Clauses

CLOSURE OF THE ESCROW DEMAT ACCOUNT. 9.1 In the event of termination in accordance with Clause 8.2(i), the Share Escrow Agent shall close the Escrow Demat Account within a period of two (2) Working Days from completion of the events outlined in Clause 5 and shall send a prior written intimation to the Company, Selling Shareholders and the Lead Managers relating to the closure of the Escrow Demat Account.
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CLOSURE OF THE ESCROW DEMAT ACCOUNT. 9.1 In the event of termination in accordance with Clause 8.2(i), the Share Escrow Agent shall close the Escrow Demat Account within a period of two (2) Working Days from completion of the events outlined in Clause 5 and shall send a prior written intimation to the Company, Promoter Selling Shareholders and the Managers relating to the closure of the Escrow Demat Account. Notwithstanding this Clause 9.1, in the event of termination of this Agreement pursuant to an occurrence of an Event of Failure, the Share Escrow Agent shall credit the Offered Shares which are lying to the credit of the Escrow Demat Account to the Promoter Selling Shareholder Demat Account in accordance with Clause 5 and shall take necessary steps to ensure closure of the Escrow Demat Account within two (2) Working Days of such termination and in accordance with this Clause 9.1, unless the Company and the Promoter Selling Shareholders have instructed it otherwise.
Sample 1
CLOSURE OF THE ESCROW DEMAT ACCOUNT. 9.1 In the event of termination in accordance with Clause 8.2(i), the Share Escrow Agent shall close the Escrow Demat Account within a period of two (2) Working Days from completion of the events outlined in Clause 5 and shall send a prior written intimation to the Company, Selling Shareholders and the Managers relating to the closure of the Escrow Demat Account. Notwithstanding this Clause 9, in the event of termination of this Agreement pursuant to an occurrence of an Event of Failure, the Share Escrow Agent shall credit the Offered Shares which arelying to the credit of the Escrow Demat Account to the Selling Shareholder Demat Accounts in accordance with Clause 5 and shall take necessary steps to ensure closure of the Escrow Demat Account in accordance with this Clause 9.1, unless the Company or any of the Selling Shareholders have instructed it otherwise.
Sample 1

Related to CLOSURE OF THE ESCROW DEMAT ACCOUNT

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (000) 000-0000 or (000) 000-0000. This does not apply to transactions occurring outside the United States.

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