Deposits into the Escrow Accounts. 3.1.1 The Parties acknowledge that all Bidders (other than Anchor Investors) are required to mandatorily submit their Bids through the ASBA process and UPI Bidders shall also participate in the Offer through the UPI Mechanism.
Deposits into the Escrow Accounts. 3.1.1 The Escrow Collection Bank acknowledges that all Bidders (other than Anchor Investors) are required to mandatorily submit their Bids through the ASBA process. The Escrow Collection Bank confirms that it shall not accept any ASBA Bids or process any ASBA Form relating to any ASBA Bidder from the Designated Intermediaries, except in its capacity as a SCSB. The Escrow Collection Bank shall strictly follow the instructions of the Book Running Lead Managers and the Registrar to the Offer in this regard.
Deposits into the Escrow Accounts. The Buyers agree that it shall promptly deliver funds for the payment of the Subsidiary Loan Agreement to Escrow Agent for deposit in the Escrow Accounts.
Deposits into the Escrow Accounts. 3.1.1 The Escrow Collection Bank agrees that, in terms of the SEBI ICDR Regulations, ASBA shall be mandatory for all investors participating in the Offer, other than the Anchor Investors. The Escrow Collection Bank confirms that it shall not accept any ASBA Bid or process any ASBA Form relating to any ASBA Bidder from any Designated Intermediary in its capacity as the Escrow Collection Bank, except in its capacity as a SCSB. The Escrow Collection Bank shall strictly follow the instructions of the Managers and the Registrar to the Offer in this regard.
Deposits into the Escrow Accounts. 3.1.1 The Bid Amounts (in Indian Rupees only), including the Margin Amounts, collected by the members of the Syndicate during the Bidding Period shall be deposited with any of the Escrow Collection Banks at their designated branches or at the designated branches of their Correspondent Bank(s), if any, and shall be credited upon realization to the appropriate Escrow Accounts. Additionally, any amounts collected, from the members of the Syndicate or their respective clients in relation to any part of the Offer after the Offer Closing Date up to (and including) the Pay-in Date shall also be deposited into and credited to the appropriate Escrow Accounts. All amounts lying to the credit, except the Benefits, of the Escrow Accounts shall be held for the benefit of the Beneficiaries.
Deposits into the Escrow Accounts a. The Parties acknowledge that all Bidders (other than Anchor Investors) are required to mandatorily submit their Bids through the ASBA process and UPI Bidders are required to mandatorily participate in the Offer through the UPI Mechanism. The Escrow Collection Bank confirms that it shall not accept any ASBA Bid or process any ASBA Form relating to any ASBA Bidder from any Designated Intermediary in its capacity as the Escrow Collection Bank, except in its capacity as a SCSB. The Escrow Collection Bank shall strictly follow the instructions of the BRLMs and the Registrar to the Offer in this regard.
Deposits into the Escrow Accounts. 3.1.1. The payment instructions for payment into Escrow Accounts shall be in favour of the Escrow Accounts specified in Clause 2.3.
Deposits into the Escrow Accounts. (a) On the date of this Agreement, Buyer will make a deposit with Escrow Agent in the sum of $1,000,000 in immediately available funds (the “Working Capital Escrow Funds”), which Working Capital Escrow Funds will be held by Escrow Agent under the terms and conditions set forth herein. The Working Capital Escrow Funds, plus all interest, dividends and other distributions and payments thereon received by Escrow Agent from time to time, less any property distributed and/or disbursed in accordance with this Agreement, from time to time are collectively referred to hereinafter as the “Working Capital Escrow Property”. Escrow Agent will have no duty to solicit delivery of the Working Capital Escrow Funds. For purposes of this Agreement “
