Prior to the Designated Date. (i) The Escrow Collection Bank shall, upon receipt of an intimation from the Registrar and Book Running Lead Managers in writing, in accordance with Clause 3.2.1.2 of this Agreement, after notice to the Company, and the Promoter Selling Shareholder forthwith but not later than 1 (one) Working Day, ensure the transfer of any amounts standing to the credit of the Escrow Accounts to the Refund Account (as set out in Annexure D hereto);
(ii) The Refund Bank shall, upon receipt of an intimation from the Book Running Lead Managers in writing in accordance with Clause 3.2.1.2 of this Agreement, after notice to the Company, the Promoter Selling Shareholder and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts standing to the credit of the Refund Account to the beneficiaries as directed by the Registrar to the Offer in the prescribed form (as set out in Annexure G hereto), with a copy to the Book Running Lead Managers, the Company and the Promoter Selling Shareholder;
(iii) On receipt of the intimation of the Event of Failure from the Book Running Lead Managers as per Clause 3.2.1.2 of this Agreement as the case may be, the Registrar to the Offer shall, within 1 (one) Working Day from the receipt of intimation of the the Event of Failure, 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 Company, the Promoter Selling Shareholder and the Book Running Lead Managers).
Prior to the Designated Date. (i) The Escrow Collection Bank shall, upon receipt of an intimation from the Registrar and Lead Manager in writing, in accordance with Clause 3.2.1.2 of this Agreement (as set out in Schedule IX hereto), after notice to the Company, and the Promoter Selling Shareholder forthwith but not later than 1 (one) Working Day, ensure the transfer of any amounts standing to the credit of the Escrow Accounts to the Refund Account;
(ii) (The Refund Account Bank shall, upon receipt of an intimation from the Lead Manager in writing in accordance with Clause 3.2.1.2 of this Agreement (as set out in Schedule IX hereto), after notice to the Company, the Promoter Selling Shareholder and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts standing to the credit of the Refund Account to the beneficiaries as directed by the Registrar to the Offer in the prescribed form;
(iii) On receipt of the intimation of failure of the Offer from the Lead Manager as per Clause 3.
