Common use of Prior to or on the Designated Date Clause in Contracts

Prior to or on the Designated Date. (a) The Escrow Collection Bank shall, upon receipt of an intimation from the BRLMs in writing in accordance with Clause 3.1.8.1(e)of this Agreement (as set out in Schedule VIII hereto), after notice to the Bank forthwith but not later than 1 (one) Working Day from the date of receipt of such intimation, ensure the transfer of any Surplus Amount standing to the credit of the Escrow Accounts to the Refund Account (as set out in Schedule VIII hereto); (b) The Refund Bank shall, upon receipt of an intimation from the BRLMs in writing in accordance with Clause 3.1.6.2 of this Agreement, (as set out in Schedule II hereto), after notice to the Bank, and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts from the Escrow Accounts, ensure the transfer of any amounts standing to the credit of the Refund Account to the Beneficiaries as directed by the BRLMs in the prescribed form (as set out in Schedule II hereto); (c) On receipt of the intimation of failure of the Issue from the BRLMs as per Clause 3.1.6.1 of this Agreement as the case may be, the Registrar to the Issue shall, within 1 (one) Working Day from the receipt of intimation of the failure of the Issue, provide the SCSBs written details of the Bid Amounts that have to be unblocked from the ASBA Accounts of the Bidders (with a copy to the Bank and the BRLMs). B.

Appears in 1 contract

Samples: www.utkarsh.bank

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Prior to or on the Designated Date. (a) The Escrow Collection Bank shall, upon receipt of an intimation from the BRLMs BRLM in writing in accordance with Clause 3.1.8.1(e)of Clauses 3.2.1.2 or 3.2.2 of this Agreement (as set out in Schedule VIII hereto)Agreement, after notice to the Bank Company forthwith but not later than 1 (one) Working Day from the date of receipt of such intimation, ensure the transfer of any Surplus Amount standing to the credit of the Cash Escrow Accounts to the Refund Account (as set out in Schedule VIII IV A hereto); (b) The Refund Bank shall, upon receipt of an intimation from the BRLMs BRLM in writing in accordance with Clause 3.1.6.2 3.2.3 of this Agreement, (as set out in Schedule II hereto), after notice to the BankCompany, and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts from the Cash Escrow Accounts, ensure the transfer of any amounts standing to the credit of the Refund Account to the Beneficiaries as directed by the BRLMs BRLM in the prescribed form (as set out in Schedule II hereto); (c) On receipt of the intimation of failure of the Issue from the BRLMs BRLM as per Clause 3.1.6.1 3.2.1.2 of this Agreement as the case may be, the Registrar to the Issue shall, within 1 (one) Working Day from the receipt of intimation of the failure of the Issue, provide the SCSBs written details of the Bid Amounts that have to be unblocked from the ASBA Accounts of the Bidders (with a copy to the Bank Company, and the BRLMsBRLM). B.

Appears in 1 contract

Samples: blseservices.com

Prior to or on the Designated Date. (a) The Escrow Collection Bank shall, upon receipt of an intimation from the BRLMs in writing in accordance with Clause 3.1.8.1(e)of 3.2.1.2 or 3.2.2 of this Agreement (as set out in Schedule VIII hereto)Agreement, after notice to the Bank Company and the Selling Shareholders forthwith but not later than 1 (one) Working Day from the date of receipt of such intimationnotice, ensure the transfer of any Surplus Amount standing to the credit of the Cash Escrow Accounts to the Refund Account (as set out in Schedule VIII X hereto); (b) The Refund Bank shall, upon receipt of an intimation from the BRLMs in writing in accordance with Clause 3.1.6.2 3.2.3 of this Agreement, (as set out in Schedule II hereto), after notice to the BankCompany, the Selling Shareholders and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts from the Cash Escrow Accounts, ensure the transfer of any amounts standing to the credit of the Refund Account to the Beneficiaries as directed by the BRLMs in the prescribed form (as set out in Schedule II hereto); (c) On receipt of the intimation of failure of the Issue Offer from the BRLMs as per Clause 3.1.6.1 3.2.1.2 of this Agreement as the case may be, the Registrar to the Issue Offer shall, within 1 (one) Working Day from the receipt of intimation of the failure of the IssueOffer, provide the SCSBs written details of the Bid Amounts that have to be unblocked from the ASBA Accounts of the Bidders (with a copy to the Bank Company, the Selling Shareholders and the BRLMs). B.

Appears in 1 contract

Samples: Escrow and Sponsor Bank Agreement

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Prior to or on the Designated Date. (a) The Escrow Collection Bank shall, upon receipt of an intimation from the BRLMs in writing in accordance with Clause 3.1.8.1(e)of 3.2.3 of this Agreement (as set out in Schedule VIII hereto)Agreement, after notice to the Bank Company and Selling Shareholders forthwith but not later than 1 (one) Working Day from the date of receipt of such intimationnotice, ensure the transfer of any Surplus Amount standing to the credit of the Cash Escrow Accounts to the Refund Account (as set out in Schedule VIII X hereto); (b) The Refund Bank shall, upon receipt of an intimation from the BRLMs in writing in accordance with Clause 3.1.6.2 3.2.3 or 3.2.2 of this Agreement, (as set out in Schedule II hereto), after notice to the BankCompany, Selling Shareholders and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts from the Cash Escrow AccountsAccounts or the Public Offer Account, as applicable, ensure the transfer of any amounts standing to the credit of the Refund Account to the Beneficiaries as directed by the BRLMs in the prescribed form (as set out in Schedule II hereto); (c) On receipt of the intimation of failure of the Issue Offer from the BRLMs as per Clause 3.1.6.1 3.2.1.2 of this Agreement as the case may be, the Registrar to the Issue Offer shall, within 1 (one) Working Day from the receipt of intimation of the failure of the IssueOffer, provide the SCSBs written details of the Bid Amounts that have to be unblocked from the ASBA Accounts of the Bidders (with a copy to the Bank Company, the Selling Shareholders and the BRLMs). B.

Appears in 1 contract

Samples: rkswamy.com

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