Common use of DUTIES AND RESPONSIBILITIES OF THE LEAD MANAGER Clause in Contracts

DUTIES AND RESPONSIBILITIES OF THE LEAD MANAGER. 7.1 Other than as expressly set forth in the SEBI ICDR Regulations and/or any circulars issued by the SEBI, no provision of this Agreement will constitute any obligation on the part of the Lead Manager to undertake any obligation or incur any liability in relation to the Applications. 7.2 The Parties hereto agree that the duties and responsibilities of the Lead Manager under this Agreement shall comprise the following: 7.2.1 The Lead Manager shall intimate in writing the Issue Opening Date and Issue Closing Date, to the Banker to the Issue and the Registrar in the formats as specified in Annexure A hereto. 7.2.2 The Lead Manager shall along with the Registrar, instruct the Escrow Collection Bank of the particulars of the Application Monies to be transferred from the Escrow Account to the Allotment Account and the Surplus Amount to the Refund Account, as the case may be in accordance with the terms of this Agreement; 7.2.3 On or after the Issue Closing Date, the Lead Manager shall, acting along with the Registrar, intimate the Transfer Date to the Banker to the Issue and the SCSBs; and 7.2.4 Provide instructions to the Banker to the Issue in the prescribed forms in relation to transfer of funds from the Allotment Account in terms of this Agreement. 7.3 The Lead Manager will co-ordinate with all the concerned parties to provide all necessary information as set out in Clause 7.2 above. The Lead Manager shall, on issuing all instructions as contemplated under this Clause 7.2, be discharged of all obligations under Clause 7. 7.4 The Lead Manager shall not be responsible or liable under this Agreement in connection with the advice, opinions, actions or omissions of any other Party hereto in connection with the Issue. The obligations, representations, undertakings and warranties of the Lead Manager under this Agreement shall be several and not joint.

Appears in 1 contract

Samples: Banker to the Issue Agreement

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DUTIES AND RESPONSIBILITIES OF THE LEAD MANAGER. 7.1 Other than as expressly set forth in the SEBI ICDR Regulations and/or any circulars issued by the SEBI, no provision of this Agreement will constitute any obligation on the part of the Lead Manager to undertake any obligation or incur any liability in relation to the Applications. 7.2 The Parties hereto agree that the duties and responsibilities of the Lead Manager under this Agreement shall comprise the following: 7.2.1 7.1.1 The Lead Manager shall intimate in writing the Issue Opening Date and Issue Closing Date, to the Banker to the Issue and the Registrar in the formats as specified in Annexure A hereto. 7.2.2 The Lead Manager shall jointly along with the Registrar, instruct the Escrow Collection Bank Banker to the Issue of the particulars of the Application Monies to be transferred from the Escrow Account to the Allotment Account and the Surplus Amount to the Refund Accounttransferred, as the case may be in accordance with the terms of this Agreement; 7.2.3 7.1.2 On or after the Issue Closing Date, the Lead Manager shall, acting along with the Registrar, intimate the Transfer Date to the Banker to the Issue and the SCSBs; and 7.2.4 Provide 7.1.3 The Lead Manager shall provide instructions to the Banker to the Issue in the prescribed forms in relation to transfer of funds from the Allotment Account in terms of this Agreement. 7.3 7.2 The Lead Manager will co-ordinate shall coordinate with all the concerned parties to provide all necessary information as set out in Clause 7.2 our above. The Lead Manager shall, on issuing all instructions as contemplated under this Clause 7.2, be discharged of all obligations under Clause 7. 7.3 On or after the Issue Closing Date, the Lead Manager shall intimate the Transfer Date to the Banker to the Issue upon having confirmed the Basis of Allotment as approved by the Designated Stock Exchange. 7.4 The Lead Manager shall not be responsible or liable under this Agreement in connection with the advice, opinions, actions or omissions of any other Party hereto in connection with the Issue. The obligations, representations, undertakings and warranties of the Lead Manager under this Agreement shall be several and not joint.

Appears in 1 contract

Samples: Banker to the Issue Agreement

DUTIES AND RESPONSIBILITIES OF THE LEAD MANAGER. 7.1 Other than as expressly set forth in the SEBI ICDR Regulations and/or any circulars issued by the SEBI, no provision of this Agreement will constitute any obligation on the part of the Lead Manager Managers to undertake any obligation or incur any liability in relation to the Applications. 7.2 The Parties hereto agree that the duties and responsibilities of the Lead Manager Managers under this Agreement shall comprise the following: 7.2.1 The Lead Manager Managers shall jointly with the Company, intimate in writing the Issue Opening Date and Issue Closing Date, to the Banker to the Issue and the Registrar in the formats as specified in Annexure A hereto. 7.2.2 The Lead Manager Managers shall jointly along with the Company and the Registrar, instruct the Escrow Collection Bank of the particulars of the Application Monies to be transferred from the Escrow Account to the Allotment Account and the Surplus Amount to the Refund Account, as the case may be in accordance with the terms of this Agreement; 7.2.3 On or after the Issue Closing Date, the Lead Manager Managers shall, acting along with the Registrar, intimate the Transfer Date to the Banker to the Issue and the SCSBs; and 7.2.4 Provide instructions to the Banker to the Issue in the prescribed forms in relation to transfer of funds from the Allotment Account in terms of this Agreement. 7.3 The Lead Manager Managers will co-ordinate with all the concerned parties to provide all necessary information as set out in Clause 7.2 above. The Lead Manager Managers shall, on issuing all instructions as contemplated under this Clause 7.2, be discharged of all obligations under Clause 7. 7.4 The Lead Manager Managers shall not be responsible or liable under this Agreement in connection with the advice, opinions, actions or omissions of any other Party hereto in connection with the Issue. The obligations, representations, undertakings and warranties of the Lead Manager Managers under this Agreement shall be several and not joint.

Appears in 1 contract

Samples: Banker to the Issue Agreement

DUTIES AND RESPONSIBILITIES OF THE LEAD MANAGER. β€Œ 7.1 Other than as expressly set forth in the SEBI ICDR Regulations and/or any circulars issued by the SEBI, no provision of this Agreement will constitute any obligation on the part of the Lead Manager to undertake any obligation or incur any liability in relation to the Applications. 7.2 The Parties hereto agree that the duties and responsibilities of the Lead Manager under this Agreement shall comprise the following: 7.2.1 The Lead Manager shall intimate in writing the Issue Opening Date and the Issue Closing Date, Date to the Banker to the Issue and the Registrar in the formats as specified in Annexure A hereto.; 7.2.2 The Lead Manager Manager, shall along with the Registrar, instruct Registrar provide the Escrow Collection Bank of Banker to the Issue with the particulars of the Application Monies monies to be transferred from the Escrow Account to the Allotment Account and the Surplus Amount Amounts to be transferred to the Refund Account, as the case may be Account in accordance with the terms of this Agreement; 7.2.3 On or after After the Issue Closing Date, the Lead Manager shall, acting along with the Registrar, Managers shall intimate the Transfer Date to the Banker to the Issue and upon having received the SCSBsconfirmed Basis of Allotment as approved; and 7.2.4 Provide The lead manager shall provide instructions to the Banker to the Issue in the prescribed forms in relation to transfer of funds from the Allotment Account and also instructions pertaining to payment of Issue expenses in terms of this Agreement. 7.3 7.2 The Lead Manager will co-ordinate coordinate with all the concerned parties to provide all necessary information as set out in Clause 7.2 clause 7.1 above. . 7.3 The Lead Manager shall, on issuing all instructions as contemplated under this the Clause 7.2, be discharged of all obligations under Clause 7. 7.4 The Lead Manager shall not be responsible or liable under this Agreement in connection with the advice, opinions, actions or omissions of any other Party hereto in connection with the Issue. The obligations, representations, undertakings and warranties of the Lead Manager under this Agreement shall be several and not joint.

Appears in 1 contract

Samples: Banker to the Issue Agreement

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DUTIES AND RESPONSIBILITIES OF THE LEAD MANAGER. 7.1 Other than as expressly set forth in the SEBI ICDR Regulations and/or any circulars issued by the SEBI, no provision of this Agreement will constitute any obligation on the part of the Lead Manager to undertake any obligation or incur any liability in relation to the Applications. 7.2 The Parties hereto agree that the duties and responsibilities of the Lead Manager under this Agreement shall comprise the following: 7.2.1 The Lead Manager shall intimate in writing the Issue Opening Date and Issue Closing Date, to the Banker to the Issue and the Registrar in the formats as specified in Annexure A hereto. 7.2.2 The Lead Manager shall jointly along with the Registrar, instruct the Escrow Collection Bank of the particulars of the Application Monies to be transferred from the Escrow Account to the Allotment Account and the Surplus Amount to the Refund Account, as the case may be in accordance with the terms of this Agreement; 7.2.3 7.2.2 On or after the Issue Closing Date, the Lead Manager shall, acting along with the Registrar, intimate the Transfer Date to the Banker to the Issue and the SCSBs; and 7.2.4 7.2.3 Provide instructions to the Banker to the Issue in the prescribed forms in relation to transfer of funds from the Allotment Account in terms of this Agreement. 7.3 The Lead Manager will co-ordinate with all the concerned parties to provide all necessary information as set out in Clause 7.2 above. The Lead Manager shall, on issuing all instructions as contemplated under this Clause 7.2, be discharged of all obligations under Clause 7. 7.4 The Lead Manager shall not be responsible or liable under this Agreement in connection with the advice, opinions, actions or omissions of any other Party hereto in connection with the Issue. . 7.5 The obligations, representations, undertakings and warranties of the Lead Manager under this Agreement shall not be several responsible for the compliance obligations which the Company and not joint/ or other Party hereto in connection with the Issue are required to adhere to.

Appears in 1 contract

Samples: Banker to the Issue Agreement

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