Escrow Collection Bank definition

Escrow Collection Bank means a bank, which is a clearing member and registered with SEBI as a banker to an issue under BTI Regulations and with whom the ‘escrow accounts’ have been opened, pursuant to the Cash Escrow and Sponsor Bank Agreement.

Escrow Collection Bank means the bank, which is a clearing member and registered with SEBI as a banker to an issue under the SEBI BTI Regulations and with whom the Escrow Account will be opened, in this case, being ICICI Bank Limited;

Escrow Collection Bank shall have the meaning ascribed to such term in the Preamble to this Agreement;

Examples of Escrow Collection Bank in a sentence

• The Escrow Collection Bank, the Public Offer Account Bank and the Refund Bank also agree that they shall close the respective accounts only after delivery of such statement of accounts and upon receipt of instructions in this regard from the Company, the Registrar and the Book Running Lead Managers (with a copy to the Promoter Selling Shareholder).

• The Company and the Promoter Selling Shareholder may in consultation with the Book Running Lead Managers appoint a new escrow collection bank, public offer account bank, refund bank or sponsor bank or designate one of the existing Escrow Collection Bank, the Public Offer Account Bank, Refund Bank or Sponsor Banks as a substitute for the retiring Escrow Collection Bank, the Public Offer Account Bank or Refund Bank within fourteen (14) Working Days of the termination of this Agreement as aforesaid.

• The Escrow Collection Bank shall strictly follow the instructions of the Book Running Lead Managers and the Registrar to the Offer in this regard.

• The specimen signatures for the purpose of instructions to the Escrow Collection Bank, the Refund Bank, the Public Offer Account Bank and the Sponsor Banks are as follows: For the Company, as set out in Annexure H For the Book Running Lead Managers, as set out in Annexure H For the Registrar, as set out in Annexure H [Remainder of this page intentionally left blank.

• The Escrow Collection Bank confirms that it shall not accept any ASBA Bids or process any ASBA Form relating to any ASBA Bidder from the Designated Intermediaries, except in its capacity as a SCSB.

More Definitions of Escrow Collection Bank

Escrow Collection Bank shall have the meaning given to such term in the Preamble;

Escrow Collection Bank means ICICI Bank Limited;

Escrow Collection Bank shall have the meaning ascribed to such term in the preamble to this Agreement, i.e. Axis Bank Limited;

Escrow Collection Bank has the meaning attributed to such term in the recitals of this Agreement; “Exchange Act” shall mean the U.S. Securities Exchange Act of 1934;

Escrow Collection Bank means Axis Bank Limited;

Escrow Collection Bank shall have the meaning given to such term in the Preamble; “Estimated Offer Expenses” shall have the meaning given to such term in Section 3.2.3.(j)(i); “Fee Letter” shall have the meaning given to such term in Recital (D);

Escrow Collection Bank has the meaning ascribed to such term in the Preamble to this Agreement; “Event of Failure” shall mean any of the events set out in Clause 3.2.1.1;