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 the SEBI (Bankers to an Issue) Regulations, 1994 and with whom the ‘escrow accounts’ have been opened, pursuant to the Cash Escrow and Sponsor Bank Agreement.

Escrow Collection Bank has the meaning attributed to such term in the preamble of this Agreement.

Escrow Collection Bank means the bank(s) which are clearing members and registered with SEBI as bankers to an issue under the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, and with whom the Escrow Accounts will be opened, in this case being Axis Bank Limited;

Examples of Escrow Collection Bank in a sentence

• Any such resignation from the respective Escrow Collection Bank, the Public Issue Account Bank, the Refund Bank or the Sponsor Banks shall not terminate this Agreement vis-à-vis Escrow Collection Bank, the Public Issue Account Bank, the Refund Bank or the Sponsor Bank, who have not resigned, as applicable.

• The Escrow Collection Bank, the Public Issue Account Bank, the Refund Bank and the Sponsor Banks and their Correspondent Banks shall not in any case whatsoever use the amounts held in the Escrow Accounts, Public Issue Account or Refund Account to satisfy this indemnity in any manner whatsoever.

• The Escrow Collection Bank shall strictly follow the instructions of the Managers and the Registrar to the Issue in this regard.

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

• The Company shall cooperate with the Escrow Collection Bank to ensure such closure of the Escrow Accounts, the Public Issue Account and the Refund Account.

More Definitions of Escrow Collection Bank

Escrow Collection Bank means a bank which is a clearing member and registered with SEBI as a banker to an issue under the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, and with whom the Escrow Accounts in relation to the Offer for Bids by Anchor Investors have been opened, in this case being Axis Bank Limited;

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 ascribed to such term in the preamble to this Agreement; “Exchange Act” mean the United States Securities Exchange Act of 1934, as amended;

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); “FEMA” shall mean the Foreign Exchange Management Act, 1999;

Escrow Collection Bank means Axis Bank Limited; “FEMA” shall mean the Foreign Exchange Management Act, 1999;