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 the UPI Bidders may participate in the Offer through the UPI Mechanism.
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. 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 Issue in this regard.
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 Issue, 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 Manager and the Registrar to the Issue in this regard.
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 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 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. 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 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. Anchor Investors are not permitted to Bid through the ASBA process in the Offer. The Escrow Collection Bank confirms that it shall not accept any ASBA Bid or process any ASBA Form relating to any ASBA Bidder 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.
3.1.2 The Bid Amounts (in Indian Rupees only) relating to Bids by the Anchor Investors during the Anchor Investor Bidding Date in the manner set forth in the Red Xxxxxxx Prospectus, Preliminary Offering Memorandum and the Syndicate Agreement, shall be deposited with the Escrow Collection Banks at their designated branches, and shall be credited upon realization to the appropriate Escrow Accounts. In addition, in the event the Anchor Investor Offer Price is higher than the Anchor Investor Allocation Price, then, any incremental amounts from the Anchor Investors until the Anchor Investor Pay-in Date shall also be deposited into and credited upon realization to the relevant 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 into the relevant Escrow Account maintained with the Escrow Collection Bank prior to finalization of the Basis of Allotment or such other time as may be agreed among the parties to the Underwriting Agreement. All amounts lying to the credit of the Escrow Accounts shall be held for the benefit of the Beneficiaries.
3.1.3 The transfer instructions for payment into Escrow Accounts shall be drawn in favour of the Escrow Accounts specified in Clause 2.5.
3.1.4 In the event of any inadvertent error in calculation of any amounts to be transferred to or from the Escrow Account, Public Offer Account or the Refund Account, as the case may be, the Book Running Lead Managers (with copy to the Registrar, Company and Promoter Selling Shareholder), the Company (with copy to the Book Running Lead Managers, Registrar and Promoter Selling Shareholder) or the Registrar (with copy to the Book Running Lead Managers, Company and Promoter Selling Shareholder) may, pursuant to an intimation to the Escrow Collection Bank, the P...
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 “
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. 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.
3.1.2 The deposits in the Escrow Account(s) should be made in the following manner:
(a) in case of resident QIB Bidders, “Escrow Account – COMPANY Public Offer-QIB-R”;
(b) in case of Non-Resident QIB Bidders, “Escrow Account – COMPANY Public Offer-QIB-NR”;
(c) in case of resident Retail Individual Bidders, “Escrow Account- COMPANY Public Offer- R”;
(d) in case of Non-Resident Bidders, “Escrow Account- COMPANY - Public Offer-NR”;
(e) in case of Eligible Employees, “Escrow Account- COMPANY Public Offer- Employee- R”; and
(f) In case of Eligible Employees who are also Eligible NRIs: " Escrow Account – COMPANY Public Offer – Employee- NR”
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 are required to mandatorily participate in the Offer through the UPI Mechanism. Anchor Investors are not permitted to Bid through the ASBA process in the Offer. 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.
