Bankers to the Offer definition

Bankers to the Offer means collectively, the Escrow Collection Bank(s), the Refund Bank, the Public Offer Account Bank(s) and the Sponsor Bank(s);

Bankers to the Offer has the meaning attributed to such term in the preamble of this Agreement.

Bankers to the Offer means collectively, the Escrow Bank(s), Refund Bank(s), Public Offer Account Bank(s) and the Sponsor Bank.

Examples of Bankers to the Offer in a sentence

• The resigning Banker(s) to the Offer shall continue to be liable for any and all of its actions and omissions until such resignation becomes effective.

• Each of the Bankers to the Offer and Registrar undertakes that its branches or any Affiliate, including its Correspondent Banks to who they disclose information pursuant to this Agreement, shall abide by the confidentiality obligations imposed by this Clause 17.

• The Banker(s) to the Offer that has resigned shall continue to be bound by the terms of this Agreement and the duties and obligations contained herein until the appointment of the substitute banker(s) to the offer and the transfer of the Bid Amounts or other monies held by the resigning Banker(s) to the Offer to the substitute banker(s) to the issue, if applicable.

• The Bankers to the Offer and their Correspondent Banks shall not in any case whatsoever use the amounts held in the Escrow Accounts, Public Offer Account or Refund Account to satisfy this indemnity in any manner whatsoever.

• The Parties hereto agree that time shall be of the essence in respect of the performance by each of the Company, the Selling Shareholders, the members of the Syndicate, the Bankers to the Offer (including its Correspondent Banks), the BRLMs and the Registrar, of their respective duties, obligations and responsibilities under or pursuant to this Agreement.

• The specimen signatures of the Company, the Selling Shareholders, the BRLMs, and the Registrar for the purpose of instructions to the Bankers to the Offer as provided here in as Schedule VIII will be provided to the Bankers to the Offer before the Bid/Offer Opening Date.

• The Bankers to the Offer, as applicable, shall not in any case whatsoever use the amounts held in their respective Escrow Accounts, Public Offer Account and/or Refund Account to satisfy the damages it shall be liable to under this clause.

• The Bankers to the Offer or its Correspondent Banks shall act promptly on the receipt of information/instructions within the time periods specified in this Agreement.

• The Banker(s) to the Offer may resign from its obligations under this Agreement at any time after the Bid/ Offer Opening Date, but only by mutual agreement with the BRLMs, the Selling Shareholders and the Company, and subject to the receipt of necessary permissions from the SEBI or any other Governmental Authorities.

• If any of the instructions are not in the form set out in this Agreement, the Bankers to the Offer may bring it to the knowledge of the Company, the Selling Shareholders and the BRLMs immediately and shall seek clarifications to the Parties’ mutual satisfaction.

More Definitions of Bankers to the Offer

Bankers to the Offer shall have the meaning given to such term in the Preamble;

Bankers to the Offer means the banks which are clearing members and registered with the SEBI as bankers to the Offer with whom the Escrow Account will be opened, being ;

Bankers to the Offer means HDFC Bank, acting as the Escrow Collection Bank, Refund Bank and Sponsor Bank 1 for the Offer and Axis Bank acting as the Public Offer Bank and Sponsor Bank 2 for the Offer;

Bankers to the Offer means Kotak Mahindra Bank and ICICI Bank Limited.

Bankers to the Offer shall collectively mean the bankers to the offer registered with SEBI, which have been appointed by the Company namely Axis Bank to act as the Escrow Collection Bank, the Refund Bank and the Sponsor Bank 2 and ICICI Bank to act as the Public Offer Account Bank and the Sponsor Bank 1;