Escrow Collection Bank definition

Escrow Collection Bank means a bank, which is a clearing member and registered with SEBI as a banker to an issue under the SEBI (Bankers to an Issue) Regulations, 1994 and with whom the ‘escrow accounts’ have been opened, pursuant to the Cash Escrow and Sponsor Bank Agreement.

Escrow Collection Bank means a bank which is a clearing member and registered with SEBI as a banker to an issue under the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994, and with whom the Escrow Accounts will be opened, in this case being ICICI Bank Limited;

Escrow Collection Bank means a bankwhich is a clearing member and registered with SEBI as a banker to an issue under the SEBI (Bankers to an Issue) Regulations, 1994 and with whom the Escrow Account(s) will be opened, in this case being Axis Bank Limited.

Examples of Escrow Collection Bank in a sentence

• The substitute escrow collection bank, the public offer account bank and/or refund bank and/or sponsor bank shall enter into an agreement, substantially in the form of this Agreement, with the Company, the Selling Shareholders, the BRLMs, the remaining Escrow Collection Bank, Public Offer Account Bank, Refund Bank and Sponsor Bank, if any, and the Registrar.

• The Company shall cooperate with the Escrow Collection Bank to ensure such closure of the Cash Escrow Accounts, the Public Offer Account and the Refund Account.

• The Escrow Collection Bank confirms that it shall not accept any ASBA Bid or process any ASBA Form relating to any ASBA Bidder from any Designated Intermediary in its capacity as the Escrow Collection Bank, except in its capacity as a SCSB.

• The specimen signatures of the Company, the BRLMs and the Registrar for the purpose of instructions to the Escrow Collection Bank, Public Offer Account Bank, the Refund Bank and the Sponsor Bank, as the case may be, as provided in Schedule X, will be provided to the Banker to the Offer before the Bid/ Offer Opening Date.

• The Escrow Collection Bank shall strictly follow the instructions of the BRLMs and the Registrar to the Offer in this regard.

More Definitions of Escrow Collection Bank

Escrow Collection Bank has the meaning attributed to such term in the preamble of this Agreement.

Escrow Collection Bank shall have the meaning given to such term in the Preamble;

Escrow Collection Bank means ICICI Bank Limited;

Escrow Collection Bank shall have the meaning ascribed to such term in the preamble to this Agreement, i.e. Axis Bank Limited;

Escrow Collection Bank shall have the meaning given to such term in the Preamble; “Exchange Act” shall mean the United States Securities Exchange Act of 1934;

Escrow Collection Bank shall have the meaning given to such term in the Preamble; “Estimated Offer Expenses” shall have the meaning given to such term in Section 3.2.3.8(i); “FEMA” shall mean the Foreign Exchange Management Act, 1999;

Escrow Collection Bank means Axis Bank Limited; “FEMA” shall mean the Foreign Exchange Management Act, 1999;