Refund Bank definition

Refund Bank shall have the meaning given to such term in the preamble to this Agreement;

Refund Bank shall have the meaning given to such term in the Preamble;

Refund Bank shall have the meaning given to such term in the preamble to this Agreement, i.e., Axis Bank Limited;

Examples of Refund Bank 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.

• However, any amount which is due for refund but remains unpaid or unclaimed for a period of seven years from the date of such payment becoming first due, shall be transferred by the Refund Bank, without any further instruction from any Party to the fund known as the ‘Investor Education and Protection Fund’ established under Section 125 of the Companies Act, 2013.

• Any such resignation from the respective Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank or the Sponsor Banks shall not terminate this Agreement vis-à-vis Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank or the Sponsor Bank, who have not resigned, as applicable.

• The specimen signatures of the Company, the Managers and the Registrar to the Offer for the purpose of instructions to the Escrow Collection Bank, Public Offer Account Bank, the Refund Bank and the Sponsor Banks, as the case may be, as provided in Schedule X, will be provided to the Bankers to the Offer before the Bid/ Offer Opening Date.

• Thereafter, the Refund Bank shall on the same Working Day, ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the Applicable Laws (including the March 2021 Circular, the June 2021 Circular, and the April 2022 Circular II, as applicable) and Clause 3.2.4 as per the modes specified in the Red Xxxxxxx Prospectus and the Prospectus.

More Definitions of Refund Bank

Refund Bank means ICICI Bank Limited;

Refund Bank means Bank which is a clearing member and registered with SEBI as a banker to an issue under the SEBI (Bankers to an Issue) Regulations, 1994 and with whom the Refund Account will be opened.

Refund Bank shall have the meaning given to such term in the Preamble; “Regulation S” shall have the meaning given to such term in Recital (A);

Refund Bank and “Sponsor Banks” shall also include references to their respective “Correspondent Bank(s)”, if such banks have been appointed by such Escrow Collection Bank, Public Offer Account Bank, Refund Bank or Sponsor Banks and all references to “Escrow Account(s)”, “Public Offer Account” and “Refund Account” shall include any accounts established by the Correspondent Bank(s) pursuant to such appointment.

Refund Bank means the bank which are a clearing member registered with SEBI under the SEBI BTI Regulations, with whom the Refund Account will be opened, in this case being ICICI Bank Limited.

Refund Bank means Banker to the Offer with whom the Refund Account will be opened, in this case being Axis Bank Limited;

Refund Bank means the bank which are a clearing member registered with SEBI under the SEBI BTI Regulations, with whom the Refund Account(s) will be opened, in this case being HDFC.