Sponsor Banks definition

Sponsor Banks shall have the meaning given to such term in the Preamble; “Stock Exchanges” shall mean BSE and NSE;

Sponsor Banks shall have the meaning ascribed to such term in the Preamble to this Agreement;

Sponsor Banks has the meaning attributed to such term in the preamble of this Agreement.

Examples of Sponsor Banks in a sentence

• Notwithstanding anything else contained in this Agreement, the Underwriters shall not have any obligation to procure subscribers or purchasers for or subscribe to or purchase any Equity Shares from ASBA Bids submitted by the Syndicate ASBA Bidders if such obligation arises due to the negligence, misconduct or default by the SCSBs or Sponsor Banks in connection with the ASBA Bids submitted by the Syndicate ASBA Bidders (including any bids which are received by Sponsor Banks.

• Bankers to the Issue, Registrar to the Issue, advertising agency, Monitoring Agency, Sponsor Banks, printers to the Issue and other intermediaries including co-ordination for agreements to be entered into with such intermediaries.

• The Sponsor Banks shall be responsible for the reconciliation of UPI Bids made using the UPI Mechanism.

• Processing/uploading charges for applications made by UPI Bidders using the UPI Mechanism would be as under: Members of the Syndicate / RTAs / CDPs Nil Sponsor Bank(s) Sponsor Banks will be entitled to processing/uploading charges of₹Nil per valid ASBA Form for Bids made by UPI Bidders using the UPI Mechanism.

More Definitions of Sponsor Banks

Sponsor Banks means Axis Bank Limited and HDFC Bank Limited, being the Banker(s) to the Offer, appointed by the Company to act as a conduit between the Stock Exchanges and NPCI in order to push the mandate collect requests and / or payment instructions of the UPI Bidders using the UPI and carry out other responsibilities, in terms of the UPI Circulars;

Sponsor Banks means the Bankers to the Offer registered with SEBI, who are appointed by the Company to act as a conduit between the Stock Exchanges and NPCI in order to push the mandate collect requests and / or payment instructions of the Retail Individual Investors and carry out any other responsibilities, in terms of the SEBI UPI Circulars, in this case being ICICI Bank Limited and HDFC Bank Limited.

Sponsor Banks has the meaning ascribed to such term in the Offer Documents.

Sponsor Banks mean the banks / entities which are authorised to implement the E-Mandate Payments by inter alia receiving API calls from Razorpay for initiating E-Mandate Payments, communicating the necessary E-Mandate Registration information to NPCI, authentication by the Destination Bank and deduction of Bank Accounts, all in accordance with the Procedural Guidelines.

Sponsor Banks or “Sponsor Bank” shall have the meaning ascribed to such term in the Preamble;

Sponsor Banks means the bankers to the Offer, who are appointed by the Company to act as a conduit between the Stock Exchanges and NPCI in order to push the mandate collect requests and/or payment instructions of the UPI Bidders using the UPI Mechanism and carry out any other responsibilities in terms of the SEBI UPI Circulars.

Sponsor Banks shall have the meaning ascribed to such term in the recitals of this Agreement.