Common use of Events other than failure of the Issue Clause in Contracts

Events other than failure of the Issue. 3.2.2.1. After the funds are transferred to the Public Issue Account, in the event that the listing of the Equity Shares does not occur in the manner described in the Issue Documents, SEBI ICDR Regulations or any other Applicable Laws, the BRLM shall intimate the Public Issue Account Bank and the Registrar in writing (with a copy to the Company). The Public Issue Account Bank shall, and the Registrar shall ensure that the Public Issue Account Bank shall, after a notice to the BRLM (with a copy to the Company), not later than one Working Day from the date of receipt of the aforementioned notice, transfer the amount to be refunded from the Public Issue Account to the Refund Account. Thereafter the Refund Bank shall within one Working Day, ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the Applicable Law as per the modes specified in the Red Xxxxxxx Prospectus and the Prospectus. All refunds under this Agreement shall be payable by the Refund Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Bidders without any right or lien thereon.

Events other than failure of the Issue. 3.2.2.1. After the funds are transferred to the Public Issue Account, in In the event that the listing of the Equity Shares does not occur in the manner described in the Issue Documents, SEBI ICDR Regulations or and any other Applicable LawsLaw, after the BRLM shall intimate funds are transferred to the Public Issue Account Bank Account, the Company and the Book Running Lead Managers shall, intimate the Bankers to the Issue and the Registrar in writing (with a copy to the Companyas provided in Schedule II). The Public Issue Account Bank shall, / Escrow Collection Bank and the Registrar shall ensure that the Public Issue Account Bank shall, after a notice to the BRLM (with a copy to Book Running Lead Managers, the Company), forthwith but not later than one Working Day from the date of receipt of the aforementioned notice, transfer the amount to be refunded from the Public Issue Account to the Refund Account. Thereafter the Refund Bank shall within one (1) Working Day, ensure the refund transfer of amounts held in the Public Issue Account/Escrow Collection Accounts into the Refund Account in accordance with the Applicable Law and as per the modes specified in the Red Xxxxxxx Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in notice issued by the Company and the Book Running Lead Managers as per this Clause 3.2.2, within one Working Day of the transfer of such amount to the Refund Account to all the Bidders Beneficiaries in accordance with the Applicable Law as per the modes specified in the Red Xxxxxxx Prospectus RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Bidders Beneficiaries without any right or lien thereon.

Events other than failure of the Issue. 3.2.2.1. After the funds are transferred to the Public Issue Account, in In the event that the listing of the Equity Shares does not occur in the manner described in the Issue Documents, SEBI ICDR Regulations or and any other Applicable LawsLaw, after the BRLM shall intimate funds are transferred to the Public Issue Account Bank Account, the Company and the Book Running Lead Manager shall, intimate the Bankers to the Issue and the Registrar in writing (with a copy to the Companyas provided in Schedule II). The Public Issue Account Bank shall, / Escrow Collection Bank and the Registrar shall ensure that the Public Issue Account Bank shall, after a notice to the BRLM (with a copy to Book Running Lead Manager, the Company), forthwith but not later than one Working Day from the date of receipt of the aforementioned notice, transfer the amount to be refunded from the Public Issue Account to the Refund Account. Thereafter the Refund Bank shall within one (1) Working Day, ensure the refund transfer of amounts held in the Public Issue Account/Escrow Collection Accounts into the Refund Account in accordance with the Applicable Law and as per the modes specified in the Red Xxxxxxx Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in notice issued by the Company and the Book Running Lead Manager as per this Clause 3.2.2, within one Working Day of the transfer of such amount to the Refund Account to all the Bidders Beneficiaries in accordance with the Applicable Law as per the modes specified in the Red Xxxxxxx Prospectus RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Bidders Beneficiaries without any right or lien thereon.

Events other than failure of the Issue. 3.2.2.1. After the funds are transferred to the Public Issue Account, in the event that the listing of the Equity Shares does not occur in the manner described in the Issue Offer Documents, SEBI ICDR Regulations or any other Applicable Laws, the BRLM shall intimate the Public Issue Account Bank and the Registrar in writing (with a copy to the Company). The Public Issue Account Bank shall, and the Registrar shall ensure that the Public Issue Account Bank shall, after a notice to the BRLM (with a copy to the Company), not later than one Working Day from the date of receipt of the aforementioned notice, transfer the amount to be refunded from the Public Issue Account to the Refund Account. Thereafter the Refund Bank shall within one Working Day, ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the Applicable Law as per the modes specified in the Red Xxxxxxx Prospectus and the Prospectus. All refunds under this Agreement shall be payable by the Refund Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Bidders without any right or lien thereon.