Common use of Deposit into the Escrow Accounts Clause in Contracts

Deposit into the Escrow Accounts. 3.1.1. The Anchor Investor Bid Amounts (in Indian Rupees only) in relation to the Anchor Investor Bids collected by the Book Running Lead Managers on the Anchor Investor Bid/ Issue Period in the manner set forth in the Red Xxxxxxx Prospectus, the Preliminary Offering Memorandum and the Syndicate Agreement, shall be deposited with the Escrow Collection Bank in the Escrow Accounts as specified in Clause 2.2 above and credited upon realisation. Further, any amounts payable by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement shall also be deposited by Escrow Collection Bank into the Escrow Account prior to finalization of the Basis of Allotment or such other time as may be agreed among the parties to the Underwriting Agreement. Additionally, in the event the Issue Price is higher than the Anchor Investor Bid Amounts, then any incremental amount collected from the Anchor Investors until the pay-in date for Anchor Investor mentioned in the CAN shall also be credited to the relevant Escrow Account. All amounts lying to the credit of the Escrow Accounts shall be held for the benefit of the Beneficiaries.

Appears in 1 contract

Samples: Cash Escrow and Sponsor Bank Agreement

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Deposit into the Escrow Accounts. 3.1.1. The Anchor Investor Bid Amounts (in Indian Rupees only) in relation to the Anchor Investor Bids collected by the Book Running Lead Managers on the Anchor Investor Bid/ Issue Bid/Offer Period in the manner set forth in the Red Xxxxxxx Prospectus, the Preliminary Offering Memorandum and the Syndicate Agreement, shall be deposited with the Escrow Collection Bank in the appropriate Escrow Accounts as specified established in accordance with Clause 2.2 above and credited upon realisationrealisation to the appropriate Escrow Accounts. Further, any amounts payable by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement shall also be deposited by into the relevant Escrow Account maintained with the Escrow Collection Bank into the Escrow Account prior to finalization of the Basis of Allotment or such other time as may be agreed among the parties to the Underwriting Agreement. Additionally, in the event the Issue Offer Price is higher than the Anchor Investor Bid Amounts, then any incremental amount collected from the Anchor Investors until the pay-in date for Anchor Investor mentioned in the CAN shall also be credited to the relevant Escrow AccountAccount by the Anchor Investors on or before the Anchor Investor Pay-in Date and shall be credited upon realization to the relevant Escrow Accounts. All amounts lying to the credit of the Escrow Accounts shall be held for the benefit of the Beneficiaries.

Appears in 1 contract

Samples: Share Escrow Agreement

Deposit into the Escrow Accounts. 3.1.1. 3.1.1 The Anchor Investor Bid Amounts (in Indian Rupees only) in relation to the Anchor Investor Bids collected by the Book Running Lead Managers on in the Anchor Investor Bid/ Issue Offer Period in the manner set forth in the Red Xxxxxxx Prospectus, the Preliminary Offering Memorandum and the Syndicate Agreement, shall be deposited with the Escrow Collection Bank in the Escrow Accounts as specified in Clause 2.2 above and credited upon realisation. Further, any amounts payable by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement shall also be deposited by Escrow Collection Bank into the Escrow Account Accounts prior to finalization of the Basis of Allotment or such other time as may be agreed among the parties to the Underwriting Agreement. Additionally, in the event the Issue Offer Price is higher than the Anchor Investor Bid AmountsAllocation Price, then any incremental amount collected from the Anchor Investors until the pay-in date for Anchor Investor mentioned in the CAN shall also be credited to the relevant Escrow Account. All amounts lying to the credit of the Escrow Accounts shall be held for the benefit of and in trust for the Beneficiaries.

Appears in 1 contract

Samples: Cash Escrow and Sponsor Bank Agreement

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Deposit into the Escrow Accounts. 3.1.1. The Anchor Investor Bid Amounts (in Indian Rupees only) in relation to the Anchor Investor Bids collected by the Book Running Lead Managers BRLMs on the Anchor Investor Bid/ Issue Period Bidding Date in the manner set forth in the Red Xxxxxxx Prospectus, the Preliminary Offering Memorandum and the Syndicate Agreement, shall be deposited with the Escrow Collection Bank Banks in the appropriate Escrow Accounts as specified established in accordance with Clause 2.2 above and credited upon realisationrealisation to the appropriate Escrow Accounts. Further, any amounts payable by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement shall also be deposited by into the relevant Escrow Account maintained with the Escrow Collection Bank into the Escrow Account Banks prior to finalization of the Basis of Allotment or such other time as may be agreed among the parties to the Underwriting Agreement. Additionally, in the event the Issue Offer Price is higher than the Anchor Investor Bid Amounts, then any incremental amount collected from the Anchor Investors until the pay-in date for Anchor Investor mentioned in the CAN shall also be credited to the relevant Escrow AccountAccount by the Anchor Investors on or before the Anchor Investor Pay-in Date and shall be credited upon realization to the relevant Escrow Accounts. All amounts lying to the credit of the Escrow Accounts shall be held for the benefit of the Beneficiaries.

Appears in 1 contract

Samples: Cash Escrow and Sponsor Bank Agreement

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