Escrow Collection Bank definition

Escrow Collection Bank means a 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 ‘escrow accounts’ have been opened, pursuant to the Cash Escrow and Sponsor Bank Agreement.

Escrow Collection Bank means a 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 Escrow Account, in relation to the Issue for Bids by Anchor Investors, will be opened, in this case being Axis Bank Limited;

Escrow Collection Bank means the bank which is a clearing member and registered with SEBI as a banker to an issue and with whom the Escrow Account will be opened, in this case being Axis Bank Limited.

Examples of Escrow Collection Bank in a sentence

• The Escrow Collection Bank, Public Offer Account Bank, the Refund Bank, the Sponsor Banks and the Registrar to the Offer undertake that their respective branch(es) or any Affiliate to whom they disclose information pursuant to this Agreement, shall abide by the confidentiality obligations imposed by this Section 12.

• The Escrow Collection Bank confirms that it shall not accept any ASBA Bids or process any ASBA Form relating to any ASBA Bidder in its capacity as the Escrow Collection Bank.

• The amounts to be transferred to the Public Offer Account by the Escrow Collection Bank represent Bids from Anchor Investors that have received confirmed allocation in respect of the Equity Shares in the Offer and amounts, if any, paid by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement.

• The Company and the Selling Shareholders, may in consultation with the BRLMs appoint a new escrow collection bank, public offer account bank, sponsor bank or refund bank as a substitute for the retiring Escrow Collection Bank, Public Offer Account Bank, Refund Bank or Sponsor Bank within fourteen (14) days of the termination of this Agreement as aforesaid.

• 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 Escrow Collection Bank, the Public Offer Account Bank, the Refund Bank, the Sponsor Banks (including the respective Correspondent Banks, if any) and the Registrar to the Offer of their respective duties, obligations and responsibilities under or pursuant to this Agreement.

More Definitions of Escrow Collection Bank

Escrow Collection Bank has the meaning attributed to such term in the preamble of this Agreement.

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

Escrow Collection Bank means ICICI Bank Limited;

Escrow Collection Bank shall have the meaning ascribed to such term in the preamble to this Agreement, i.e. Axis Bank Limited;

Escrow Collection Bank has the meaning attributed to such term in the recitals of this Agreement; “Exchange Act” shall mean the U.S. Securities Exchange Act of 1934;

Escrow Collection Bank shall have the meaning given to such term in the Preamble; “Estimated Offer Expenses” shall have the meaning given to such term in Section 3.2.3.8(i); “FEMA” shall mean the Foreign Exchange Management Act, 1999;

Escrow Collection Bank means Axis Bank Limited; “FEMA” shall mean the Foreign Exchange Management Act, 1999;