Establishment of Public Offer Monitoring Account Sample Clauses

Establishment of Public Offer Monitoring Account. The Company will establish with the Monitoring Agency a separate bank account called PB Fintech Limited - Monitoring Account to be maintained for this purpose (the “Public Offer Monitoring Account”) in which the Net Proceeds shall be deposited from the Company’s account. While such proceeds for the Offer deposited in the Public Offer Monitoring Account will be utilized by the Company towards Objects of the Offer, the Monitoring Agency shall be liable to monitor Net Proceeds and Offer Related Expenses in terms of this Agreement. Further, all transactions related to the utilization of the Net Proceeds shall be routed only through this Agreement subject to clause 4.5.
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Establishment of Public Offer Monitoring Account. The Company shall open an account, in which the Gross Proceeds shall be deposited from the Company's public offer accounts, opened in terms of the Cash Escrow and Sponsor Bank Agreement entered in relation to the Offer, with ICICI Bank Limited, after the receipt of listing and trading approval by the Company with respect to the Offer (the “Public Offer Monitoring Account”). While the Net Proceeds deposited in the Public Offer Monitoring Account will be utilized by the Company towards Objects of the Offer, the Monitoring Agency shall be liable to monitor Gross Proceeds in terms of this Agreement and Applicable Laws, including any direction issued by SEBI.

Related to Establishment of Public Offer Monitoring Account

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  • Online Banking Transactions At the present time, you may use Online Banking to: • Transfer funds between your savings, checking, and Club accounts. • Withdraw funds from your savings, checking, and Club accounts. • Make loan payments from your savings, checking and Club accounts. • Obtain account balance and transaction history on your savings, checking, and Club accounts. • Obtain information on your loan account balance, transaction history, payment due dates, loan payoff amounts and finance charges. • Review available copies of eStatements and tax information. • Make bill payments from your checking account using the Bill Pay service. Transactions involving your savings and checking accounts will be subject to the terms of your Membership and Account Agreement. Transactions involving your loan accounts will be subject to your applicable Loan Agreement and Disclosures.

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