Examples of Share Escrow Failure Notice in a sentence
The Share Escrow Failure Notice or the Selling Shareholders’ Share Escrow Failure Notice, as the case may be, shall indicate the credit of the Final Offered Shares back to the respective Selling Shareholders’ Demat Account and also indicate if the Event of Failure has occurred before or after the Transfer of the Final Sold Shares to the Allottees in accordance with the provisions of this Agreement.
Upon receipt of the Share Escrow Failure Notice before the Transfer of the Final Sold Shares, the following instruction shall be provided] The Share Escrow Agent is requested to credit back the Final Offered Shares from the Escrow Demat Account to the respective Selling Shareholders’ Demat Account in accordance with Clause 5.4 of the Share Escrow Agreement as per details set forth below.
The Share Escrow Failure Notice, or the Promoter Selling Shareholder’s Share Escrow Failure Notice, as the case may be, shall indicate whether the Event of Failure has occurred before or after the transfer of the Final Sold Shares to the Allottees in accordance with Clause 5.2.
In the event of an occurrence of an Event of Failure, the Company in consultation with the Promoter Selling Shareholder shall immediately and not later than one (1) day from the date of occurrence of such event, intimate each of the Share Escrow Agent and the BRLMs in writing, in the Share Escrow Failure Notice set out in Schedule E (“Share Escrow Failure Notice”).
The system of badges has been set based on the YPAG recommendations: e.g. a ‘gold badge’ for 20 Guided Imagery complete practices, but each participant will be able to add their own bespoke achievements, e.g. an additional reward badge after an ‘x’ number of imagery practices.
Notwithstanding anything to the contrary that may be contained in this Agreement, upon receipt of the Share Escrow Failure Notice, the Share Escrow Agent shall transfer a portion of the Promoter Offered Shares, being, 511,938 Equity Shares which are pledged in favour of IIFL Finance Limited, to the escrow account of IIFL Finance Limited, from which such Promoter Offered Shares have been credited to the Escrow Demat Account.