Banker definition
Examples of Banker in a sentence
Each Banker to the Offer may resign from its obligations under this Agreement at any time after the Bid/ Offer Opening Date, but only by mutual agreement with the BRLM, the Selling Shareholders and the Company, and subject to the receipt of necessary permissions from the SEBI or any other Governmental Authorities.
Until 21 (twenty-one) days before the Bid/Offer Opening Date, each of the Banker to the Offer shall be entitled to resign from its obligations under this Agreement.
However, if the Company fails to appoint a substitute banker to the Offer for the Offer within the prescribed notice period, then the relevant Banker to the Offer, shall be entitled to appoint any other person to perform such functions.
SEBI/HO/CFD/DIL2/CIR/P/2022/51 dated April 20, 2022 and June 2023 Master Circular, for delays in resolving investor grievances in relation to blocking/unblocking of funds, the Banker to the Offer (to the extent it is responsible for such delay) shall reimburse the Company for any direct or indirect compensation paid by the Company.
The Banker to the Offer that has resigned shall continue to be bound by the terms of this Agreement and the duties and obligations contained herein until such resignation has become effective as provided above and until the appointment of the substitute banker to the issue and the transfer of the Bid Amounts or other monies held by the resigning Banker to the Offer to the substitute banker to the issue, if applicable.