Refund Bank definition

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

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Refund Bank means the Banker to the Offer which is a clearing member and registered with SEBI as a banker to an issue, and with whom the Refund Account(s) will be opened and in this case being, ICICI 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 will be opened, in this case being 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.

• In respect of any Surplus Amount, unsuccessful or partially successful Bids, the Refund Bank shall continue to hold these monies in trust for and on behalf of the Bidders and not exercise any charge, lien or other encumbrance over such monies deposited until the refund instructions are given by the Registrar to the Issue and Manager, and shall make the payment of such amounts within 1 (one) Working Day of receipt of such instructions in accordance with the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus.

• The Escrow Collection Bank, the Public Issue Account Bank and the Refund Bank shall not have any right to set off such amount or any other amount claimed by the Escrow Collection Bank, the Public Issue Account Bank or the Refund Bank, respectively, against any person, including by reason of non-payment of charges or fees to the Escrow Collection Bank, Public Issue Account Bank or the Refund Bank, as the case may be, for any reason whatsoever.

• The Escrow Collection Bank, Public Issue Account Bank and the Refund Bank shall act promptly on the receipt of such instructions or information, within the time periods specified in this Agreement.

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

More Definitions of Refund Bank

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

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

Refund Bank means Axis 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 means ICICI Bank Limited;

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