Refund Account definition

Refund Account means the account opened with the Refund Bank, from which refunds, if any, of the whole or part of the Bid Amount to the Anchor Investors shall be made;

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Refund Account means the the ‘no-lien’ and ‘non-interest bearing’ accounts to be opened with the Refund Bank, from which refunds, if any, of the whole or part, of the Bid Amount to the Anchor Investors shall be made.

Refund Account means the account established in accordance with Clause 2.4 of this Agreement.

Examples of Refund Account in a sentence

All refunds under this Agreement shall be payable by the Refund Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Bidders without any right or lien thereon.
The Public Issue Account Bank shall, and the Registrar to the Issue shall ensure that the Public Issue Account Bank shall, after a notice to the Manager (with a copy to the Company), not later than 1 (one) Working Day from the date of receipt of the aforementioned notice from the Manager, transfer the amount held in the Public Issue Account to the Refund Account.
The Bankers to the Issue shall not in any case whatsoever use the amounts held in Escrow Accounts and/or the Public Issue Account Bank and/or Refund Account to satisfy this indemnity.
The Company shall cooperate with the Escrow Collection Bank to ensure such closure of the Escrow Accounts, the Public Issue Account and the Refund Account.
Such termination shall be effected by a prior notice of not less than two weeks in writing and shall come into effect only on transfer of the amounts standing to the credit of the Escrow Accounts, Public Issue Account or Refund Account to the substituted escrow collection bank, the public issue account bank and/or refund bank.

More Definitions of Refund Account

Refund Account means the no lien and non-interest bearing account to be opened with the Refund Bank(s), from which refunds, if any, of the whole or part of the Bid Amount to the Bidders shall be made;

Refund Account means the account with the Refund Bank, from which refunds, if any, of the whole or part of the Bid Amount to the Bidders shall be made;

Refund Account shall include any accounts established by the Correspondent Bank(s) pursuant to such appointment.

Refund Account means the account opened with Axis Bank Limited, in its capacity as the Refund Bank, from which refunds, if any, of the whole or part of the Issue Amount shall be made and which shall be operated in accordance with the terms hereof;

Refund Account shall have the meaning given to such term in Section 2.2(c);

Refund Account means a non-interest earning technical account of the provider held for the purpose of executing the obligation referred to in Article 143.2 second sentence, to which a payment transaction amount is refunded which has been executed using an incorrect unique identifier;

Refund Account means the account opened with Kotak Mahindra Bank Limited, in its capacity as the Refund Bank, from which refunds, if any, of the whole or part of the Issue Amount shall be made and which shall be operated in accordance with the terms hereof;