Public Issue Account Bank definition

Public Issue Account Bank has the meaning attributed to such term in the preamble of this Agreement.
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Public Issue Account Bank means a bank which is a clearing member and registered with SEBI as a banker to an issue and with which the Public Issue Account has been opened, in this case being ICICI Bank Limited.
Sample 1
Public Issue Account Bank means the bank with which the Public Issue Account is opened for collection of Bid Amounts from Escrow Account(s) and ASBA Accounts on the Designated Date, in this case being Axis Bank Limited;
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Examples of Public Issue Account Bank in a sentence

  • Upon receipt of instructions and accounts closure letter from the Company, BRLMs and/or the Registrar, the Public Issue Account Bank shall take the steps necessary to ensure closure of the Public Issue Account promptly and after all monies in the Public Issue Account are transferred to the accounts of the Company or the Surplus Amounts are transferred to the Refund Account, in accordance with the terms of this Agreement.

  • Provided that in the event of a Minimum Subscription Failure or a Stock Exchange Refusal, the BRLMs shall as soon as reasonably possible and in any event, on the same day, intimate in writing (in the form provided in Schedule IX) to the Escrow Collection Banks, Refund Bank, Public Issue Account Bank and the Registrar of the occurrence of such event, with a copy to the Company.

  • Upon closure of the Escrow Accounts, the Public Issue Account or the Refund Account, as the case may be, the Escrow Collection Bank, the Public Issue Account Bank or the Refund Bank, respectively, shall, upon request by the Company, provide a confirmation in writing to the Company and the BRLMs that no monies are lying to the credit of the Escrow Accounts, the Public Issue Account or the Refund Account.

  • Further, it is hereby clarified that until the receipt of final listing and trading approvals from both the Stock Exchanges, the Public Issue Account Bank shall not transfer the monies due to the Company, net of Issue Expenses from the Public Issue Account to the Company’s bank accounts, prior to receiving written instructions from the Company and the BRLMs, in accordance with Clause 3.2.3.2.


More Definitions of Public Issue Account Bank

Public Issue Account Bank shall have the meaning ascribed to such term in the preamble to this Agreement, i.e., HDFC Bank Limited;
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Public Issue Account Bank means the bank(s) with which the Public Issue Account(s) shall be maintained, in this case being ICICI Bank;
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Public Issue Account Bank means the bank(s) with which the Public Issue Account(s) shall be maintained, in this case being Kotak Mahindra Bank Limited;
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Related to Public Issue Account Bank

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

  • Account Bank means U.S. Bank National Association, a national banking association.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Collection Account Agreement means an agreement in form reasonably acceptable to the Administrative Agent among Buyer, the Administrative Agent and a Collection Bank.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.