Common use of OWNERSHIP OF THE FINAL OFFERED SHARES Clause in Contracts

OWNERSHIP OF THE FINAL OFFERED SHARES. 4.1 The Parties agree that during the period that the Final Offered Shares are held in escrow in the Escrow Demat Account until the Closing Date in terms of this Agreement, any dividend declared or paid on the respective Final Offered Shares shall be credited to the respective Selling Shareholders, to the extent of its portion of the Final Offered Shares, and, if paid, shall be released by the Company into the respective bank accounts notified in writing by the respective Selling Shareholders. In addition, until the Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date, in accordance with the RHP or the Prospectus (as applicable), in relation to the respective Final Offered Shares, each Selling Shareholder shall severally and not jointly, continue to be the legal and beneficial owner of its respective Final Offered Shares and shall continue to exercise, severally and not jointly, its respective rights in relation to its respective portion of the Final Offered Shares, including but not limited to voting rights, dividends and other corporate benefits if any, attached to its respective Final Offered Shares. Notwithstanding the above, and without any liability of the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefits attached to the Final Sold Shares, if any, declared by the Company after the Closing Date subject to Applicable Law and such Final Sold Shares shall rank pari-passu to the Equity Shares.

OWNERSHIP OF THE FINAL OFFERED SHARES. 4.1 The Parties agree that during the period that the Final Offered Shares are held in escrow in the Escrow Demat Account until the Closing Date in terms of this AgreementAccount, any dividend declared or paid on the respective Final Offered Shares shall be credited to the respective Promoter Selling ShareholdersShareholder, to the extent of its portion of the their Final Offered Shares, Shares and, if any such dividend paid, it shall be released by the Company into the respective bank accounts accounts, as may be notified in writing by the respective Promoter Selling ShareholdersShareholder. In addition, until the Final Offered Shares are credited Promoter Selling Shareholder shall continue to be the demat accounts beneficial and legal owner of the Allottees on the Closing Date, in accordance with the RHP or the Prospectus (as applicable), in relation to the respective Final Offered Shares, each Selling Shareholder shall severally and not jointly, continue to be the legal and beneficial owner of its respective Final Offered Shares and shall continue to exercise, severally and not jointly, its respective all the rights in relation to its respective portion of the Final Offered Shares, including but not limited to voting rights, dividends and other corporate benefits if any, attached to its respective the Final Offered Shares, until such Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date. Notwithstanding the above, and without any liability of on the Promoter Selling ShareholdersShareholder, the Allottees of the Final Sold Shares, once such Final Sold Shares are credited to their respective demat accounts, shall be entitled to dividends and other corporate benefits attached to the Final Sold Shares, if any, declared by the Company after the Closing Date Date, subject to Applicable Law and such Final Sold Shares shall rank pari-pari- passu to the Equity Shares.

OWNERSHIP OF THE FINAL OFFERED SHARES. 4.1 The Parties agree that during the period that the Final Offered Shares are held in escrow in the Escrow Demat Account until the Closing Date in terms of this Agreement, any dividend declared or paid on the respective Final Offered Shares shall be credited to the respective credit of the Selling Shareholders, to the extent of its portion of the Final Offered Shares, and, if paid, shall be released by the Company into the respective bank accounts account notified in writing by the respective Selling Shareholders. In addition, until the in relation of their Final Offered Shares are credited Shares, the Selling Shareholders shall continue to be the demat accounts beneficial and legal owner of the Allottees on the Closing Date, in accordance with the RHP or the Prospectus (as applicable), in relation to the their respective Final Offered Shares, each Selling Shareholder and shall exercise, severally and not jointly, continue to be all the legal and beneficial owner of its respective Final Offered Shares and shall continue to exercise, severally and not jointly, its respective rights in relation to its their respective portion of the Final Offered Shares, including but not limited to voting rights, dividends and other corporate benefits if any, attached to its respective the Final Offered Shares, until such Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date. Notwithstanding the above, and without any liability of the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefits attached to the Final Sold Shares, if any, declared by the Company after the Closing Date Date, subject to Applicable Law and such Final Sold Shares shall rank pari-passu to the Equity Shares.

OWNERSHIP OF THE FINAL OFFERED SHARES. 4.1 The Parties agree that during the period that the Final Offered Shares are held in escrow in the Escrow Demat Account until the Closing Date in terms of this AgreementDate, any dividend declared or paid on the respective Final Offered Shares shall be credited to the respective Selling Shareholders, to the extent of its portion of the Final Offered Shares, and, if paid, shall be released by the Company into the respective such bank accounts account as may be notified in writing by the respective Selling Shareholders. In addition, until the Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date, in accordance with the RHP or the Prospectus (as applicable), in relation to the respective Final Offered Shares, each the Selling Shareholder shall severally and not jointly, continue to be the legal and beneficial owner of its respective Final Offered Shares and Shareholders shall continue to exercise, severally and not jointly, its respective exercise all their rights in relation to its respective portion of the Final Offered Shares, including but not limited to voting rights, dividends and other corporate benefits if any, attached to its respective the Final Offered SharesShares until such Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date. Notwithstanding the above, and without any liability of the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefits attached to the Final Sold Shares, if any, declared by the Company after the Closing Date subject to Applicable Law and the Company agrees and acknowledges that such Final Sold Shares shall rank pari-pari passu to with the Equity Shares.

OWNERSHIP OF THE FINAL OFFERED SHARES. 4.1 The Parties agree that during the period that the Final Offered Shares are held in escrow in the Escrow Demat Account until the Closing Date in terms of this AgreementDate, any dividend declared or paid on the respective Final Offered Shares shall be credited to the respective relevant Selling Shareholders, to the extent of its portion of the Final Offered SharesShareholder, and, if paid, shall be released by the Company into the respective such bank accounts account as may be notified in writing by the respective Selling Shareholders. In addition, until the Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date, in accordance with the RHP or the Prospectus (as applicable), in relation to the respective Final Offered Shares, each the Selling Shareholder shall severally and not jointly, continue to be the legal and beneficial owner of its respective Final Offered Shares and Shareholders shall continue to exercise, severally and not jointly, its respective exercise all their rights in relation to its respective portion of the Final Offered Shares, including but not limited to voting rights, dividends and other corporate benefits if any, attached to its respective the Final Offered SharesShares until such Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date, in accordance with the Red Xxxxxxx Prospectus or the Prospectus (as applicable). Notwithstanding the above, and without any liability of the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefits attached to the Final Sold Shares, if any, declared by the Company after the Closing Date subject to Applicable Law and the Company agrees and acknowledges that such Final Sold Shares shall rank pari-pari passu to with the Equity Shares.

OWNERSHIP OF THE FINAL OFFERED SHARES. 4.1 The Parties agree that during the period that the Final Offered Shares are held in escrow in the Escrow Demat Account until the Closing Date in terms of this Agreement, any dividend declared or paid on the respective Final Offered Shares shall be credited to the credit of the respective Selling Shareholders, Shareholders to the extent of its their respective portion of the Final Offered Shares, and, if any dividend is paid, it shall be released by the Company Bank into the respective bank accounts notified in writing by the respective Selling Shareholders. In addition, until the such Final Offered Shares are credited to the demat accounts of the Allottees on the Closing Date, in accordance with the RHP or the Prospectus (as applicable), in relation to the respective Final Offered Shares, each of the Selling Shareholder Shareholders shall severally and not jointly, continue to be the legal and beneficial owner owners of its respective Final Offered Shares and shall continue to exercise, severally and not jointly, exercise all its respective rights in relation to its respective portion of the Final Offered Shares, including but not limited to voting rights, dividends and other corporate benefits if any, attached to its respective the Final Offered Shares. Notwithstanding the above, and without any liability of the Selling Shareholders, the Allottees of the Final Sold Shares shall be entitled to dividends and other corporate benefits attached to the Final Sold Shares, if any, declared by the Company Bank after the Closing Date subject to Applicable Law and such Final Sold Shares shall rank pari-passu to the Equity Shares.