DEPOSIT OF OFFERED SHARES AND ESCROW TERM Sample Clauses

DEPOSIT OF OFFERED SHARES AND ESCROW TERM. 3.1 Upon receipt of confirmation of the Escrow Demat Account in accordance with Clause 2 hereof and on or prior to the Deposit Date, each Selling Shareholders severally and not jointly agrees to debit their respective portion of the Offered Shares from their respective Selling Shareholder Demat Account and credit such Offered Shares to the Escrow Demat Account on or prior to the Deposit Date. Provided however that the Parties agree and acknowledge that the Red Xxxxxxx Prospectus with the RoC shall not be filed unless the Offered Shares are debited from the respective Selling Shareholders Demat Accounts and successfully credited into the Escrow Demat Account. The Company shall communicate the indicative date of filing of the Red Xxxxxxx Prospectus with RoC to the Selling Shareholders (with a copy to the Lead Managers) as soon as practicable, and, at least 2 (two) working days prior to the Deposit Date. It is hereby clarified that the above-mentioned debit of the Offered Shares from the respective Selling Shareholder Demat Accounts and the credit of the Offered Shares to the Escrow Demat Account shall not be construed or deemed as a transfer of title or any legal or beneficial ownership or interest by any of the Selling Shareholders in favor of the Share Escrow Agent or any other Person. The Share Escrow Agent hereby agrees and undertakes to hold in escrow such Offered Shares credited to the Escrow Demat Account for and on behalf of, and in trust for, the respective Selling Shareholders in accordance with the terms of this Agreement, and the Parties shall not instruct the Depositories to recognize any transfer of Offered Shares which is not in accordance with the terms of this Agreement and Applicable Law.
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DEPOSIT OF OFFERED SHARES AND ESCROW TERM. 3.1 The Selling Shareholders, agree to debit their respective Offered Shares from their respective Selling Shareholder Demat Account and credit such Offered Shares to the Escrow Demat Account, subsequent to receipt of confirmation of the opening of the Escrow Demat Account in accordance with Clause 2 on or prior to the Deposit Date. The Share Escrow Agent xxxxxx agrees and undertakes to hold in escrow such Offered Shares credited to the Escrow Demat Account for and on behalf of, and in trust for, each of the Selling Shareholders, in accordance with the terms of this Agreement and shall instruct the Depository not to recognize any transfer which is not in accordance with the terms of this Agreement and Applicable Law. The Share Escrow Agent shall provide a written confirmation on the credit of all of the Offered Shares from the Selling Shareholders to the Escrow Demat Account to the Selling Shareholders, the Company and the BRLMs in the form set forth in Schedule C, on the same day and immediately upon credit of such Offered Shares to the Escrow Demat Account.
Sample 1
DEPOSIT OF OFFERED SHARES AND ESCROW TERM. 3.1 The Promoter Selling Shareholder agrees to debit the Offered Shares from the Promoter Selling Shareholder Demat Account and credit the same to the Escrow Demat Account latest by next Working Day after filing of the RHP with the Stock Exchanges and SEBI or such other date as may be mutually agreed upon between parties. The Promoter Selling Shareholder shall provide a confirmation in the form set forth in Schedule B. The Share Escrow Agent shall confirm the credit of all the Offered Shares from the Promoter Selling Shareholder Demat Account to the Escrow Demat Account in the form set forth in Schedule C immediately upon credit of such Offered Shares to the Escrow Demat Account. The Share Escrow Agent xxxxxx agrees and undertakes to hold the Offered Shares credited to the Escrow Demat Account in escrow for and on behalf of and in trust for the Promoter Selling Shareholder in accordance with the terms of this Agreement and the Parties and the Promoter Selling Shareholder shall not, and shall instruct the Depositories not to, recognize any transfer which is not in accordance with the terms of this Agreement.
Sample 1
DEPOSIT OF OFFERED SHARES AND ESCROW TERM. 3.1. Upon (i) receipt of confirmation of opening of the Escrow Demat Account in accordance with Clause 2.2, and (ii) receipt of intimation from the Company on the proposed indicative date of filing of the RHP, the Promoter Selling Shareholder will ensure that its Offered Shares are debited from its Promoter Selling Shareholder’s Demat Account and such Offered Shares are credited to the Escrow Demat Account on or prior to the Deposit Date. The Share Escrow Agent shall provide a written confirmation to the Promoter Selling Shareholder on the credit of all of the Offered Shares from the Promoter Selling Shareholder’s Demat Account to the Escrow Demat Account in the form set forth in Schedule B on the same day and immediately upon the credit of the Offered Shares to the Escrow Demat Account and shall keep the Company and BRLMs copied on the same.
Sample 1
DEPOSIT OF OFFERED SHARES AND ESCROW TERM. 3.1. Upon receipt of confirmation of opening of the Escrow Demat Account in accordance with Clause 2.2, each of the Selling Shareholders shall, on or prior to the Deposit Date, severally and not jointly transfer their respective Offered Shares from their respective Selling Shareholders’ Demat Account and credit such Offered Shares to the Escrow Demat Account for the purpose of being offered pursuant to the Offer for Sale. The Company shall communicate an indicative date of filing of the Red Xxxxxxx Prospectus with the RoC to each of Selling Shareholders (with a copy to the Book Running Lead Manager), as soon as practicable, at least 1 day prior to the respective Deposit Date. The Share Escrow Agent shall confirm credit of all of the Offered Shares from the Selling Shareholders’ Demat Account to the Escrow Demat Account in the form set forth in Annexure III immediately upon credit of the Offered Shares to the Escrow Demat Account and shall keep the Company and Book Running Lead Manager copied on the same.
Sample 1
DEPOSIT OF OFFERED SHARES AND ESCROW TERM 
Sample 1

Related to DEPOSIT OF OFFERED SHARES AND ESCROW TERM

  • Deposit of Escrow Securities in Escrow (1) You are depositing the securities (escrow securities) listed opposite your name in Schedule “A” with the Escrow Agent to be held in escrow under this Agreement. You will immediately deliver or cause to be delivered to the Escrow Agent any share certificates or other evidence of these securities which you have or which you may later receive.

  • Additional escrow securities If you acquire additional escrow securities, those securities will be added to the securities already in escrow, to increase the number of remaining escrow securities. After that, all of the escrow securities will be released in accordance with the applicable release schedule in the tables above.

  • Deposit of Escrow Funds By its execution hereof, Recipient acknowledges that the deposit of the Escrow Funds into escrow with Escrow Agent does not confer any rights or claims to the Escrow Funds by Recipient unless all of the conditions in Section 2 above and the conditions as set forth in the Grant Agreement, have been satisfied.

  • Release of Escrow Securities (1) When an emerging issuer becomes an established issuer, the release schedule for its escrow securities changes.

  • Term of Purchased Subscriptions The term of each subscription shall be as specified in the applicable Order Form. Except as otherwise specified in an Order Form, subscriptions will automatically renew for additional periods equal to the expiring subscription term or one year (whichever is shorter), unless either party gives the other notice of non-renewal at least 30 days before the end of the relevant subscription term. The per-unit pricing during any renewal term will increase by up to 7% above the applicable pricing in the prior term, unless Xxxxxx provides Customer notice of different pricing at least 60 days prior to the applicable renewal term. Except as expressly provided in the applicable Order Form, renewal of promotional or one-time priced subscriptions will be at Xxxxxx’x applicable list price in effect at the time of the applicable renewal. Notwithstanding anything to the contrary, any renewal in which subscription volume for any Services has decreased from the prior term will result in repricing at renewal without regard to the prior term’s per-unit pricing.

  • Delivery to Escrow Agent You may tender your escrow securities to a person or company in a business combination. At least five business days prior to the date the escrow securities must be tendered under the business combination, you must deliver to the Escrow Agent:

  • THE PURCHASER AND PAYMENT OF PURCHASE PRICE 8.1 Immediately after the fall of the hammer and upon being declared the successful purchaser of the Property, the Purchaser shall execute the memorandum attached hereto (`the Memorandum’).

  • Notice to Escrow Agent The Issuer shall forthwith provide a copy of the Exchange Bulletin, confirmation of listing and posting for trading of the subject escrowed shares or such other relevant document to the Escrow Agent as it shall require in order to make the required releases. No duty shall rest with the Escrow Agent to obtain this information independently nor shall it be held liable for any loss, claim, suit or action, howsoever caused by any delay in providing this information to it.

  • Release of Escrow Securities to Depositary The Escrow Agent will release from escrow the tendered escrow securities when the Escrow Agent receives a declaration signed by the depositary or, if the direction identifies the depositary as acting on behalf of another person or company in respect of the business combination, by that other person or company, that:

  • Escrow of Funds Subject to the terms and conditions of the Grant Agreement, OPWC will disburse to Escrow Agent Grant funds available to Recipient, which disbursement shall be made by a check sent to Escrow Agent via regular U.S. Mail, or by such other means determined by the Director in the Director’s sole discretion, prior to the closing date as scheduled under the Contract (the “Escrow Funds”). The Escrow Funds shall be held by Escrow Agent, together with any funds of Recipient made available prior to closing on the terms and conditions hereinafter set forth.

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