Common use of BINDING EFFECT, ENTIRE UNDERSTANDING Clause in Contracts

BINDING EFFECT, ENTIRE UNDERSTANDING. The terms and conditions of this Agreement will be binding on and inure to the benefit of the Parties. Unless otherwise mentioned in this Agreement, and except in relation to the fees and expenses contained in the respective Fee Letter, these terms and conditions supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties and relating to the subject matter hereof, and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or taxes payable with respect thereto. The Company confirms that until the commencement of trading of the Equity Shares on the Stock Exchanges pursuant to the Offer, none of the Company, its Affiliates, Promoters or the Directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with and the prior written consent of the Lead Managers.

Appears in 1 contract

Sources: Offer Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 16.1 The terms and conditions of this Agreement will be binding on and inure to the benefit of the Parties. Unless otherwise mentioned in this Agreement, and except in relation to the fees and expenses contained in the respective Fee Letter, these terms and conditions supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties and relating to the subject matter hereof, and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers BRLMs for the Offer or taxes payable with respect thereto. . 16.2 The Company confirms that until the commencement of trading listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, its Affiliates, Promoters Affiliates or the Directors have has or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, Offer without prior consultation with with, and the prior written consent of the Lead ManagersBRLMs. Further, each of the Selling Shareholders confirms that until the listing of the Equity Shares, it has not and will not enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of any Equity Shares other than the Offered Shares, without prior written intimation to the BRLMs.

Appears in 1 contract

Sources: Offer Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 18.1 The terms and conditions of this Agreement will shall be binding on and inure to the benefit of the PartiesParties hereto. Unless otherwise mentioned in this Agreement, and except in relation to Except for terms of the fees and expenses contained in the respective Fee Letter, these the terms and conditions in this Agreement supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof, hereof and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or any taxes payable with respect thereto. 18.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior consent of the Managers. The Company confirms that until the commencement of trading listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, any of its Affiliates, Promoters Affiliates or the Directors directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with with, and the prior written consent of the Lead Managers.

Appears in 1 contract

Sources: Offer Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 25.1. The terms and conditions of this Agreement will shall be binding on and inure to the benefit of the PartiesParties hereto. Unless otherwise mentioned Except for the Fee Letter, the terms and conditions in this Agreement, and except in relation to together with the fees and expenses contained in the respective Fee LetterOther Agreements, these terms and conditions supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof, and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letterany Other Agreements, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers Underwriters for the Offer or any service tax, education cess, value added tax or any similar taxes imposed by any Governmental Authority payable with respect thereto. 25.2. The Company confirms that From the date of this Agreement until the commencement of trading in the Equity Shares, the Company and the Selling Shareholders shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior consent of the Underwriters. Each of the Company and the Selling Shareholders confirm that until the listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, its Affiliatesthe Selling Shareholders, Promoters any of their respective Affiliates or the Directors directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with with, and the prior written consent of the Lead ManagersUnderwriters.

Appears in 1 contract

Sources: Underwriting Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 19.1 The terms and conditions of this Agreement will shall be binding on and inure to the benefit of the PartiesParties hereto. Unless otherwise mentioned in this Agreement, and except in relation to Except for terms of the fees and expenses contained in the respective Fee Letter, these the terms and conditions in this Agreement supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof, hereof and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or any taxes payable with respect thereto. 19.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior consent of the Lead Managers. The Company confirms that until the commencement of trading listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, any of its Affiliates, Promoters Affiliates or the Directors directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with with, and the prior written consent of the Lead Managers.

Appears in 1 contract

Sources: Syndicate Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 18.1 The terms and conditions of this Agreement will shall be binding on and inure to the benefit of the PartiesParties hereto. Unless otherwise mentioned in this Agreement, and except in relation to Except for terms of the fees and expenses contained in the respective Fee Engagement Letter, these the terms and conditions in this Agreement supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof, hereof and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Engagement Letter, the terms of this Agreement shall prevail, provided that the Fee Engagement Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or any taxes payable with respect thereto. 18.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior consent of the Managers. The Company confirms that until the commencement of trading listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, any of its Affiliates, Promoters Affiliates or the Directors directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with with, and the prior written consent of the Lead Managers.

Appears in 1 contract

Sources: Offer Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 18.1 The terms and conditions of this Agreement will shall be binding on and inure to the benefit of the PartiesParties hereto. Unless otherwise mentioned in this Agreement, and except in relation to Except for terms of the fees and expenses contained in the respective Fee Letter, these the terms and conditions in this Agreement supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof, hereof and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or any taxes payable with respect thereto. 18.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior consent of the Lead Managers. The Company confirms that until the commencement of trading listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, any of its Affiliates, Promoters Affiliates or the Directors directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with with, and the prior written consent of the Lead Managers.

Appears in 1 contract

Sources: Syndicate Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. The terms and conditions of this Agreement will be binding on and inure to the benefit of the Parties. Unless otherwise mentioned in this Agreement, and except in relation to the fees and expenses contained in the respective Fee Letter, these terms and conditions supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties and relating to the subject matter hereof, and as of the date hereof constitute the entire understanding of the Parties with respect to the OfferIssue. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees fees, commission or expenses payable to the Lead Managers BRLMs for the Offer Issue or taxes payable with respect thereto. The Company confirms that until the commencement of trading of the Equity Shares on the Stock Exchanges pursuant to the OfferIssue, none of the Company, its Affiliates, Promoters Promoter or the Directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the OfferIssue, without prior consultation with and the prior written consent of the Lead ManagersBRLMs.

Appears in 1 contract

Sources: Issue Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 21.1 The terms and conditions of this Agreement will shall be binding on and inure to the benefit of the PartiesParties hereto. Unless otherwise mentioned in this Agreement, and except in relation to Except for the fees and expenses contained in the respective Fee Engagement Letter, these the terms and conditions in this Agreement supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof, and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Engagement Letter, the terms of this Agreement shall prevail, provided that the Fee Engagement Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or any service tax, education cess, value added tax or any similar taxes imposed by any Governmental Authority payable with respect thereto. The Company confirms that . 21.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company and the Selling Shareholders shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior consent of the Managers. Each of the Company and the Selling Shareholders confirms that until the listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, its Affiliatesany Selling Shareholder, Promoters any of their respective Affiliates or the Directors directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with with, and the prior written consent of the Lead Managers.

Appears in 1 contract

Sources: Offer Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 21.1 The terms and conditions of this Agreement will shall be binding on and inure to the benefit of the PartiesParties hereto. Unless otherwise mentioned Except for terms of the Fee Letter, the terms and conditions in this Agreement, and except Agreement (including in relation to the fees and expenses contained confidentiality set out in the respective Fee Letter, these terms and conditions Section 18) supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof, hereof and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any inconsistency or dispute between the terms of this Agreement and the Fee Letter, the terms of this Agreement shall prevail, provided that the Fee Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or any taxes payable with respect thereto. 21.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior written consent of the Managers. The Company confirms that until the commencement of trading listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, any of its Affiliates, Promoters Affiliates or the Directors directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with with, and the prior written consent of the Lead Managers.

Appears in 1 contract

Sources: Offer Agreement

BINDING EFFECT, ENTIRE UNDERSTANDING. 20.1 The terms and conditions of this Agreement will shall be binding on and inure to the benefit of the PartiesParties hereto. Unless otherwise mentioned in this Agreement, and except in relation to Except for terms of the fees and expenses contained in the respective Fee Engagement Letter, these the terms and conditions in this Agreement supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, between any of the Parties hereto and relating to the subject matter hereof, hereof and as of the date hereof constitute the entire understanding of the Parties with respect to the Offer. In the event of any conflict or inconsistency or dispute between the terms of this Agreement and the Fee Engagement Letter, the terms of this Agreement shall prevail, provided that the Fee Engagement Letter shall prevail over this Agreement solely where such conflict or inconsistency or dispute relates to the fees or expenses payable to the Lead Managers for the Offer or any taxes payable with respect thereto. 20.2 From the date of this Agreement until the commencement of trading in the Equity Shares, the Company shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) with any person which may directly or indirectly affect or be relevant in connection with the Offer or this Agreement without the prior consent of the Managers. The Company confirms that until the commencement of trading listing of the Equity Shares on the Stock Exchanges pursuant to the OfferShares, none of the Company, any of its Affiliates, Promoters Affiliates or the Directors directors have or will enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of Equity Shares through the Offer, without prior consultation with with, and the prior written consent of the Lead Managers.

Appears in 1 contract

Sources: Offer Agreement