Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Offer Documents, the SEBI Regulations and any other Applicable Law, on account of events other than those listed in Section 3.2.1(a) after the funds are transferred from the Escrow Accounts and the ASBA Accounts to the Public Offer Account, the Company shall intimate the Lead Managers, and the Lead Managers in turn shall intimate the Bankers to the Offer and the Registrar in writing (with a copy to the Company and the Selling Shareholders) in the format prescribed under Annexure D and the Bankers to the Offer, in their respective capacities, as applicable, and the Registrar shall, after notifying the Company, the Selling Shareholders and the Lead Managers, ensure that the Public Account Bank, forthwith but not later than within one (1) Working Day from the receipt of instructions in this respect from the Lead Managers, transfers the amounts in the Public Offer Account to the Refund Account and the Refund Bank shall make payments in accordance with Applicable Law. Thereafter, the Refund Bank shall on the same Working Day, ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the Applicable Law (including the SEBI Refund Circulars as applicable) and this Section 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 Beneficiaries without any right or lien thereon.
Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Offer Documents, SEBI ICDR Regulations and any other Applicable Law, after the funds are transferred to the Public Offer Account, the Company and the BRLMs shall, intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X) and the Bankers to the Offer and the Registrar shall, after a notice to the BRLMs, the Company and the Selling Shareholders, forthwith but not later than one (1) Working Day from the date of the receipt of the list of Beneficiaries and the amounts to be refunded thereto, ensure the transfer of amounts held in the Public Offer Account into the Refund Account in accordance with the Applicable Law and as per the modes specified in the Red Xxxxxxx Prospectus and the Prospectus. The Refund Account Bank shall refund such amounts as described in Schedule X, within one Working Day of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Law as per the modes specified in the RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account 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 Beneficiaries without any right or lien thereon.
Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red Xxxxxxx Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum, the SEBI ICDR Regulations and any other Applicable Law, after the funds are transferred to the Public Offer Account, the Book Running Lead Managers shall intimate the Public Offer Account Bank, the Refund Bank and the Registrar in writing (with a copy to the Company and each of the Selling Shareholders) in format provided in Annexure C and the Public Offer Account Bank and the Registrar shall, after notifying the Company, each of the Selling Shareholders and the Book Running Lead Managers, forthwith but not later than within one (1) Working Day from the receipt of instructions in this respect from the Book Running Lead Managers, transfer the amounts in the Public Offer Account to the Refund Account and the Refund Bank shall make payments in accordance with Applicable Law in accordance with 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 and in trust of the Beneficiaries without any right or lien thereon.
Events other than failure of the Offer. 3.2.2.1. After the funds are transferred to the Public Offer Account, in the event that the listing of the Equity Shares does not occur in the manner described in the Offer Documents, SEBI ICDR Regulations or any other Applicable Laws, the BRLM shall intimate the Public Offer Account Bank and the Registrar in writing (with a copy to the Company). The Public Offer Account Bank shall, and the Registrar shall ensure that the Public Offer 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 Offer 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 Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red Xxxxxxx Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum, the SEBI Regulations and any other Applicable Law, after the funds are transferred to the Public Offer Account, the BRLMs shall intimate the Public Offer Account Bank and the Registrar to the Offer in writing (with a copy to the Company) and the Public Offer Account Bank and the Registrar to the Offer shall, after notifying the Company and the BRLMs, forthwith on the receipt of instructions in this respect from the BRLMs, transfer the amounts in the Public Offer Account to the Refund Account, and the Refund Bank shall make payments in accordance with Applicable Law and within the timelines prescribed under Applicable Law using the payment modes specified in the Red Xxxxxxx Prospectus and the Prospectus.
