Common use of SYNDICATE STRUCTURE Clause in Contracts

SYNDICATE STRUCTURE. 2.1 This Agreement sets forth the various obligations and responsibilities of the Members of the Syndicate in relation to procurement of Bid and no provision of this Agreement shall constitute an obligation by any of the BRLMs or the Syndicate Member to purchase, underwrite or sell any securities of the Company or to provide any financing to the Company, or to enter into the Underwriting Agreement. Such obligations shall be governed by the Underwriting Agreement. 2.2 The BRLMs appointed by the Selling Shareholder shall have all the rights, powers, duties and responsibilities in connection with the Offer as specified in the SEBI Regulations, the Red ▇▇▇▇▇▇▇ Prospectus, the agreement executed between the Company, the Selling Shareholder and the BRLMs dated , this Agreement, the Engagement Letter and, once entered into, the Underwriting Agreement. The duties of the BRLMs shall include, but shall not be limited to, recommending to the Company and the Selling Shareholder (i) the Price Band prior to the Bid/Offer Opening Date; (ii) the Pay-in-Period; (iii) the Bid/Offer Period; and (iv) the issue of any advertisement, press release or announcement related to the Offer.