BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties. Except for the terms of the Fee Letter, the terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, heretofore made 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 (except applicable taxes on such fees and expenses) payable to the Book Running Lead Managers for the Offer payable with respect thereto. For the avoidance of doubt, it is hereby clarified that the provisions of this Agreement under Clause 20 (Taxes) with respect to taxes applicable to any payments to the Book Running Lead Managers shall supersede and prevail over any prior agreements or understandings in this regard, including the Fee Letter. 17.2 From the date of this Agreement up to the commencement of trading in the Equity Shares, the Company, the Selling Shareholders or their respective directors, as applicable, have not entered, nor shall enter, into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Shares directly or indirectly, without prior consultation with, and the prior written consent of, the Book Running Lead Managers.
Appears in 1 contract
Sources: Offer Agreement
BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1 13.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the PartiesParties hereto, their successors and permitted assigns. Except for in relation to fees and expenses contained in the terms of the Fee Engagement Letter, the these terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, heretofore made 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 OfferIssue. In the event case 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 provided, however, the Fee Engagement Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses (except applicable taxes on such fees and expenses) payable to the Book Running Lead Managers Manager for the Offer Issue or taxes payable with respect thereto. For No alterations, additions or modifications hereto shall be valid and binding unless the avoidance of doubt, it is hereby clarified that same are reduced to writing and signed by all the provisions of this Agreement under Clause 20 (Taxes) with respect to taxes applicable to any payments to the Book Running Lead Managers shall supersede and prevail over any prior agreements or understandings in this regard, including the Fee LetterParties.
17.2 13.2 From the date of this Agreement up to the date of commencement of trading in the of Rights Equity Shares, the CompanyCompany shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) relevant to this Agreement or the Selling Shareholders Issue, with any person or their respective directorsbe taken which may directly or indirectly affect or be relevant in connection with the Issue, as applicable, have without the prior consent of the Lead Manager. The Company further confirms that it has not entered, nor shall enter, or will not enter into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Shares directly or indirectly, Issue without prior consultation with, and the prior written consent of, of the Book Running Lead ManagersManager.
Appears in 1 contract
Sources: Issue Agreement
BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1 16.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the PartiesParties hereto, their successors and permitted assigns. Except for the terms of the Fee Letter, the These terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, heretofore made 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 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 (except applicable taxes on such fees and expenses) payable to the Book Running Lead Managers BRLMs for the Offer payable with respect thereto. For the avoidance of doubt, it is hereby clarified that the provisions of this Agreement under Clause 20 (Taxes) 19 with respect to taxes applicable to any payments to the Book Running Lead Managers BRLMs shall supersede and prevail over any prior agreements or understandings in this regard, including without limitation, the Fee Engagement Letter.
17.2 16.2 From the date of this Agreement up to 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) relevant to this Agreement or the Offer, with any person which may directly or indirectly affect the Offer, without the prior written consent of the BRLMs, and neither the Company, the Selling Shareholders or nor any of their respective directors, as applicable, have not entered, nor or shall enter, into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Shares directly or indirectly, without prior consultation with, and the prior written consent of, the Book Running Lead ManagersBRLMs which consent shall not be unreasonably withheld.
Appears in 1 contract
Sources: Offer Agreement
BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties. Except for the terms of the Fee Letter, the These terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, heretofore made 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 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 (except applicable taxes on such fees and expenses) payable to the Book Running Lead Managers BRLMs for the Offer payable with respect thereto. For the avoidance of doubt, it is hereby clarified that the provisions of this Agreement under Clause 20 (Taxes) with respect to taxes applicable to any payments to the Book Running Lead Managers BRLMs shall supersede and prevail over any prior agreements or understandings in this regard, including without limitation, the Fee Engagement Letter.
17.2 From the date of this Agreement up to 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) relevant to this Agreement or the Offer, with any person which may directly or indirectly affect the Offer, without the prior consent of the BRLMs, and neither the Company, the Selling Shareholders or nor any of their respective directors, as applicable, have not entered, nor or shall enter, into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Shares directly or indirectly, without prior consultation with, and the prior written consent of, the Book Running Lead ManagersBRLMs.
Appears in 1 contract
Sources: Offer Agreement
BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1 15.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties. Except for the terms of the Fee Letter, the These terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral and/ or written, heretofore made 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 Engagement Letter, the terms of this Agreement shall prevail, provided that that, the Fee Engagement Letter shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses (except applicable taxes on such fees and expenses) payable to the Book Running Lead Managers BRLM for the Offer payable with respect thereto. For the avoidance of doubt, it is hereby clarified that the provisions of this Agreement under Clause 20 (Taxes) 18 with respect to taxes applicable to any payments to the Book Running Lead Managers BRLM shall supersede and prevail over any prior agreements or understandings in this regard, including without limitation, the Fee Engagement Letter.
17.2 15.2 From the date of this Agreement up to the commencement of trading in the Equity Shares, the Company and the Promoter Selling Shareholder shall not enter into any initiatives, agreements, commitments or understandings (whether legally binding or not) relevant to this Agreement or the Offer, with any person which may directly or indirectly affect the Offer, without the prior consent of the BRLM, which shall not be unreasonably withheld and neither the Company, the Promoter Selling Shareholders Shareholder nor any of their directors or their respective directorspartners, as applicable, have not entered, nor or shall enter, into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Shares directly or indirectly, without prior consultation with, and the prior written consent of, of the Book Running Lead ManagersBRLM.
Appears in 1 contract
Sources: Offer Agreement
BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties. Except for the terms of the Fee Letter, the These terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, heretofore made 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 (except applicable taxes on such fees and expenses) payable to the Book Running Lead Managers BRLMs for the Offer payable with respect thereto. For the avoidance of doubt, it is hereby clarified that the provisions of this Agreement under Clause 20 (Taxes) with respect to taxes applicable to any payments to the Book Running Lead Managers BRLMs shall supersede and prevail over any prior agreements or understandings in this regard, including without limitation, the Fee Letter.
17.2 From the date of this Agreement up to 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) relevant to this Agreement or the Offer, with any person which may directly or indirectly affect the Offer, without the prior written consent of the BRLMs, and neither the Company, the Selling Shareholders or nor any of their respective directors, as applicable, have not entered, nor or shall enter, into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Equity Shares directly or indirectly, without prior consultation with, and the prior written consent of, the Book Running Lead ManagersBRLMs.
Appears in 1 contract
Sources: Offer Agreement
BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1 15.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties. Except for the terms of the Fee LetterLetters, the terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, heretofore made 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 LetterLetters, the terms of this Agreement shall prevail, provided that the Fee Letter Letters shall prevail over this Agreement solely where such inconsistency or dispute relates to the fees or expenses (except applicable taxes on such fees and expenses) payable to the Book Running Lead Managers for the Offer payable with respect thereto. For the avoidance of doubt, it is hereby clarified that the provisions of this Agreement under Clause 20 18 (Taxes) with respect to taxes applicable to any payments to the Book Running Lead Managers shall supersede and prevail over any prior agreements or understandings in this regard, including the Fee LetterLetters.
17.2 15.2 From the date of this Agreement up to the commencement of trading in the Equity Shares, the Company, the Selling Shareholders Shareholder or their respective directors, as applicable, have not entered, nor shall enter, into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Shares directly or indirectly, without prior consultation with, and the prior written consent of, the Book Running Lead Managers.
Appears in 1 contract
Sources: Offer Agreement
BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1
16.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties. Except for the terms of the Fee Letter, the terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, heretofore made 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 (except applicable taxes on such fees and expenses) payable to the Book Running Lead Managers for the Offer payable with respect thereto. For the avoidance of doubt, it is hereby clarified that the provisions of this Agreement under Clause 20 19 (Taxes) with respect to taxes applicable to any payments to the Book Running Lead Managers shall supersede and prevail over any prior agreements or understandings in this regard, including the Fee Letter.
17.2 16.2 From the date of this Agreement up to the commencement of trading in the Equity Shares, the Company, the Selling Shareholders or their respective directors, as applicable, have not entered, nor shall enter, into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Shares directly or indirectly, without prior consultation with, and the prior written consent of, the Book Running Lead Managers.
Appears in 1 contract
Sources: Offer Agreement
BINDING EFFECT, ENTIRE UNDERSTANDING. 17.1 16.1 The terms and conditions of this Agreement shall be binding on and inure to the benefit of the Parties. Except for the terms of the Fee Letter, the These terms and conditions of this Agreement shall supersede and replace any and all prior contracts, understandings or arrangements, whether oral or written, heretofore made 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 (except including applicable taxes on such fees and expenses) payable to the Book Running Lead Managers BRLMs for the Offer payable with respect thereto. For the avoidance of doubt, it is hereby clarified that the provisions of this Agreement under Clause 20 (Taxes) 19 with respect to taxes applicable to any payments to the Book Running Lead Managers BRLMs shall supersede and prevail over any prior agreements or understandings in this regard, including without limitation, the Fee Letter.
17.2 16.2 From the date of this Agreement up to 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) relevant to this Agreement or the Offer, with any person which may directly or indirectly affect the Offer, without the prior consent of the BRLMs, and neither the Company, the Selling Shareholders or nor any of their respective directors, as applicable, have not entered, nor or shall enter, into any contractual arrangement, commitment or understanding relating to the offer, sale, distribution or delivery of the Offered Shares directly or indirectly, without prior consultation with, and the prior written consent of, the Book Running Lead ManagersBRLMs.
Appears in 1 contract
Sources: Offer Agreement