Syndicate Members definition
Examples of Syndicate Members in a sentence
Any revision in the uploading time instructed by the Stock Exchanges shall be communicated to the Sub- Syndicate Members who in turn shall communicate such revision to their agents.
All amounts due to the Managers and the Syndicate Members or their Affiliates under this Agreement or the Fee Letter shall be payable directly from the Public Offer Account after transfer of funds from the Escrow Accounts and the ASBA Accounts to the Public Offer Account and immediately on receipt of final listing and trading approvals from the Stock Exchanges as well as in Cash Escrow and Sponsor Bank Agreement to be entered into for this purpose.
All amounts due to the Managers and the Syndicate Members or their Affiliates under the Offer Agreement or the Engagement Letter shall be payable directly from the Public Offer Account after transfer of funds from the Escrow Accounts and the ASBA Accounts to the Public Offer Account and immediately on receipt of final listing and trading approvals from the Stock Exchanges.
The selling commission payable to the Syndicate Members, SCSBs (for Bid cum Application Forms directly procured by them from Retail Individual Bidders, and Non-Institutional Investors), RTAs, Collecting Depository Participants and Registered Brokers (on per application basis) (collectively, the “Selling Commission”), is set forth in Annexure A hereto.
The Members of the Syndicateshall be responsible for the payment of fees and commission to their respective Sub- Syndicate Members.