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

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 DocumentsRed Xxxxxxx Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum, 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 BRLMs shall intimate the Lead Managers, Public Offer Account Bank and the Lead Managers in turn shall intimate the Bankers Registrar to the Offer and the Registrar in writing (with a copy to the Company and the Promoter Selling ShareholdersShareholder) in the format prescribed under Annexure D and the Bankers to the Offer, in their respective capacities, as applicable, Public Offer Account Bank and the Registrar to the Offer shall, after notifying the CompanyBRLMs, the Selling Shareholders Company and the Lead Managers, ensure that the Public Account BankPromoter Selling Shareholder, forthwith but not later than within one (1) Working Day from on the receipt of instructions in this respect from the Lead ManagersBRLMs, transfers transfer the amounts in the Public Offer Account to the Refund Account Account, and the Refund Bank shall make payments to all Beneficiaries in accordance with Applicable Law. Thereafter, Law and within 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 timelines prescribed under Applicable Law (including using the SEBI Refund Circulars as applicable) and this Section as per the payment 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, the SEBI Regulations Documents 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 and the Managers shall, intimate the Lead Managers, and the Lead Managers in turn shall intimate the Bankers Banker to the Offer and the Registrar in writing (with a copy to the Selling Shareholders (as provided in Annexure D), and the Public Offer Bank and the Registrar shall, after a notice to the Managers, 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 Day, ensure the receipt transfer of instructions in this respect from the Lead Managers, transfers the amounts held in the Public Offer Account to into 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. The Refund Account Bank shall refund such amounts as described in Annexure D, 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 Offer DocumentsRed Xxxxxxx Prospectus, the Prospectus, SEBI ICDR Regulations and any other Applicable LawLaws, on account of events other than those listed in Section 3.2.1(a) after the funds received from ASBA Bidders are transferred from the Escrow Accounts and the ASBA Accounts to the Public Offer Account, the Company shall intimate the Lead Managers, and the Book Running Lead Managers in turn shall intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (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 date of the receipt of instructions in this respect from the Lead Managers, transfers list of Beneficiaries and the amounts to be refunded thereto, transfer the amount held 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 Laws and as per the SEBI modes specified in the Red Xxxxxxx Prospectus and Prospectus. The Refund Circulars Bank shall refund such amounts as applicable) and this Section described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws as per the modes specified in the Red Xxxxxxx Prospectus 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 Offer Documents, the SEBI ICDR 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 Book Running Lead Managers, Managers and the Lead Managers in turn Bank shall intimate the Bankers to the Offer and the Registrar in writing (with a copy to the Company and the Selling Shareholders) Shareholders (as provided in the format prescribed under Annexure D and the Bankers to the Offer, in their respective capacities, as applicable, Schedule III). The Public Offer Account Bank / Escrow Collection Bank and the Registrar shall, after notifying a notice to the Company, the Selling Shareholders and the Book Running Lead Managers, ensure that the Public Account BankBank and the Selling Shareholders, forthwith but not later than one (1) Working Day, ensure the transfer of amounts held in the Public Offer Account/Escrow Collection Account into the Refund Account. The Refund Bank shall refund such amounts as described in notice issued by the Bank and the Book Running Lead Managers as per this Clause 3.2.2, within one (1) Working Day from of the receipt transfer of instructions in this respect from the Lead Managers, transfers the amounts in the Public Offer Account such amount to the Refund Account and to all 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 Beneficiaries 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 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 and in trust for 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, 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 and the Book Running Lead Managers shall intimate the Lead Managers, and the Lead Managers in turn shall intimate the Bankers to the Public Offer Account Bank 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, Public Offer Account Bank and the Registrar shall, after notifying the Company, the Selling Shareholders and the Book Running Lead Managers, ensure that the Public Account Bank, forthwith but not later than within one (1) Working Day from the receipt of written instructions in this respect from the Book Running Lead Managers, transfers transfer 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 DayDay and intimate the Parties, and ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the and within timelines prescribed under Applicable Law (including the SEBI Refund Circulars as applicable) Laws and this Section as per the modes specified in the Red Xxxxxxx Prospectus, the Prospectus the Preliminary Offering Memorandum and the ProspectusOffering Memorandum. 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 for the Beneficiaries without any right or lien thereon. The Refund Bank shall intimate in writing, along with the updated bank account statement to the BRLMs and the Registrar (with a copy to the Company and the Selling Shareholders) post the completion of the transfer of the amount from the Refund Account.

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 and the Book Running Lead Managers shall intimate the Lead Managers, and the Lead Managers in turn shall intimate the Bankers to the Public Offer Account Bank 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, Public Offer Account Bank and the Registrar shall, after notifying the Company, the Selling Shareholders and the Book Running Lead Managers, ensure that the Public Account Bank, forthwith but not later than within one (1) Working Day from the receipt of written instructions in this respect from the Book Running Lead Managers, transfers transfer 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 DayDay and intimate the Parties, and ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the and within timelines prescribed under Applicable Law (including the SEBI Refund Circulars as applicable) Laws and this Section as per the modes specified in the Red Xxxxxxx Prospectus, the Prospectus the Preliminary Offering Memorandum and the ProspectusOffering Memorandum. 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 Bidders without any right or lien thereon. The Refund Bank shall intimate in writing, along with the updated bank account statement to the BRLMs and the Registrar (with a copy to the Company and the Selling Shareholders) post the completion of the transfer of the amount from the Refund Account.

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 DocumentsRed Xxxxxxx Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum, 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 BRLMs shall intimate the Lead Managers, Public Offer Account Bank and the Lead Managers in turn shall intimate the Bankers Registrar 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, Public Offer Account Bank and the Registrar to the Offer shall, after notifying the CompanyBRLMs, the Selling Shareholders Company and the Lead Managers, ensure that the Public Account BankSelling Shareholders, forthwith but not later than within one (1) Working Day from the receipt of instructions in this respect from the Lead ManagersBRLMs, transfers transfer the amounts in the Public Offer Account to the Refund Account and the Refund Bank shall make payments to all Beneficiaries in accordance with Applicable Law and within the timelines prescribed under 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 benefits of the Beneficiaries 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 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 Lead Managers shall intimate the Lead Managers, and the Lead Managers in turn shall intimate the Bankers Banker 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 Banker to the Offer, in their respective capacities, as applicable, Offer 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 transfer 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 DocumentsRed Xxxxxxx Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum, the SEBI ICDR 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 Book Running Lead Managers and the Registrar shall intimate the Lead ManagersPublic Offer Account Bank, and the Lead Managers in turn shall intimate the Bankers to the Offer and the Registrar Refund Bank in writing (with a copy to the Company and the Promoter Selling ShareholdersShareholder) in the format prescribed under provided in Annexure D C and the Bankers to the Offer, in their respective capacities, as applicable, Public Offer Account Bank and the Registrar shall, after notifying the Company, the Promoter Selling Shareholders Shareholder and the Book Running 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 Book Running Lead Managers, transfers transfer 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 Law 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 and in trust of the Beneficiaries without any right or lien thereon.