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, 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 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, Lead Managers 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 III). The Public Offer Account Bank / Escrow Collection Bank and the Registrar shall, after a notice to the BRLMsLead Managers, 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 theretoabove notice, ensure the transfer of amounts held in the Public Offer Account Account/Escrow Accounts into the Refund Account in accordance with the Applicable Law and as per the modes specified in the Red Xxxxxxx Prospectus and the ProspectusLaw. The Refund Account Bank shall refund such amounts as described in Schedule Xnotice issued by the Company and the 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 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 Documents, SEBI ICDR Regulations and any other Applicable Law, after the funds are transferred to the Public Offer Account, the Company and the BRLMs Lead Managers 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 BRLMsLead Managers, 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 Offer Documents, SEBI ICDR Regulations and any other Applicable Law, after the funds are transferred to the Public Offer Account, the Company Book Running Lead Managers and the BRLMs shall, Bank 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 III). The Public Offer Account Bank / Escrow Collection Bank and the Registrar shall, after a notice to the BRLMsBook Running Lead Managers, the Company Bank 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 theretoDay, ensure the transfer of amounts held in the Public Offer Account/Escrow Collection Account into the Refund Account in accordance with the Applicable Law and as per the modes specified in the Red Xxxxxxx Prospectus and the ProspectusAccount. The Refund Account Bank shall refund such amounts as described in Schedule Xnotice issued by the Bank and the Book Running Lead Managers as per this Clause 3.2.2, within one (1) 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 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, SEBI ICDR Regulations and any other Applicable Law, after the funds are transferred to the Public Offer Account, the Company and the BRLMs Lead Manager shall, intimate the Bankers to the Offer and the Registrar in writing with a copy to the Promoter Selling Shareholders Shareholder (as provided in Schedule X) and the Bankers to the Offer and the Registrar shall, after a notice to the BRLMsLead Manager, the Company and the Promoter Selling ShareholdersShareholder, 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.