Examples of IPO Proceeds in a sentence
The appointment of ICRA as the Monitoring Agency with respect to monitoring of the IPO Proceeds, as applicable, shall be without any prejudice to any existing or future arrangement between the Company and ICRA, whether in the capacity of a monitoring agency or not, and all such arrangements between the Company and ICRA shall be mutually exclusive of one another and on arm’s length basis, as permissible under the Applicable Law.
This Agreement shall be effective on and from the date first hereinabove written as the date of execution and shall be in force till all of the IPO Proceeds, as applicable, are utilized in accordance with this Agreement and the Prospectus or till the termination hereof as per the provision of this Agreement.
The Company hereby appoints ICRA as the monitoring agency for the purposes of monitoring the use of the IPO Proceeds, as applicable, of the Company in accordance with the Objects of the Offer and the SEBI ICDR Regulations.
It is agreed that all transactions related to utilization of IPO Proceeds will be routed through the Proceeds Account only, subject to the provisions of Clause 4.1.