Examples of Promoter Selling Shareholder in a sentence
The Promoter Selling Shareholder, accepts responsibility for the content of any announcement or any information contained in any document in connection with the Offer (to the extent such content relates to such Promoter Selling Shareholder or respective portion of Offered Shares, provided such information has been included at the request or with the approval of the Promoter Selling Shareholder.
If any BRLM determines in its sole discretion that it has been requested pursuant to or is required by Applicable Law or any Governmental Authority or any other person that has or claims jurisdiction over such BRLM’s or its Affiliates’ activities to disclose any confidential information or other information concerning the Company, the Promoter Selling Shareholder or the Offer, such BRLM or Affiliate may disclose such confidential information or other information.
The BRLMs reserve the right to refuse to issue or approve any such document or announcement and to require the Company and/or the Promoter Selling Shareholder, as the case may be, to prevent its distribution or publication if, in the sole view of the BRLMs, such document or announcement is inaccurate or misleading in any way or not permitted under Applicable Law.
For any Offer related expenses that are not paid from the Public Offer Account, the Company agrees to advance the cost and such expenses will be reimbursed by the Promoter Selling Shareholder for their respective portion of such costs in terms of this Clause 14.
Expenses incurred in relation to the Pre-IPO Placement shall be borne by the Company and expenses incurred for any pre-IPO secondary transfer of specified securities by the Promoter Selling Shareholder shall be borne by the Promoter Selling Shareholder, or in such proportion as may be mutually agreed by the Company and/or the Promoter Selling Shareholder.
All such Offer related expenses to be proportionately borne by the Promoter Selling Shareholder shall be deducted from the proceeds from the Offer for Sale, and subsequently, the balance amount from the Offer for Sale will be paid to the Promoter Selling Shareholder.
The BRLMs, upon being aware of any of such liabilities will intimate the Company and the Promoter Selling Shareholder.
Notwithstanding anything to the contrary contained in this Agreement (but subject to Clause 9.1), the Company and the Promoter Selling Shareholder shall not be liable to pay to the BRLMs any fees or expenses for services provided by persons other than the BRLMs in respect of sale of Equity Shares by any of the shareholders of the Company until the date of Allotment (including as envisaged under Clause 9.1 of this Agreement).
In the event if any expenses are paid by the Company on behalf of the Promoter Selling Shareholder in the first instance will be reimbursed to the Company, by the Promoter Selling Shareholder to the extent of its respective proportion of Offer related expenses, directly from the Public Offer Account.
Accordingly, each BRLM shall have no liability to the Company, the Promoter Selling Shareholder or their respective Affiliates for any actions or omissions of, or the performance by the other BRLMs, syndicate members, underwriters or any other intermediary appointed in connection with the Offer and the rights and obligations of each of the BRLMs under this Agreement shall be several and not joint.