Examples of Initial Escrow Amount in a sentence
In accordance with the Delisting Regulations, the Promoters/ Acquirers have opened an Escrow Account No. 201004156346 in the name & style “FOMENTO RESORTS AND HOTELS LTD - DELISTING OFFER - ESCROW ACCOUNT” with IndusInd Bank Limited having its branch office at Panjim, Goa (“Escrow Bank”) and deposited an amount of₹ 56,40,32,712/- (Rupees Fifty Six Crores Forty Lakhs Thirty Two Thousand Seven Hundred and Twelve Only) in the said Escrow Account being 100% of Initial Escrow Amount.
Initial Escrow Amount; Issuance of Escrow Receipts 4 Section 1.04.
In accordance with the delisting regulations, the Acquirer/Promoter has opened an Escrow Account No. 6312135997 in the name & style “Riddhi Siddhi Gluco Biols Limited - Delisting Offer 2018 Escrow Account” with Kotak Mahindra bank having its branch office at Nariman Point, Mumbai –400 021 (“Escrow Bank”) and have deposited in the said Escrow Account an amount of ₹[•] being more than 100% of Initial Escrow Amount.
Any unreleased portion of the Initial Escrow Amount shall be retained by the Escrow Agent.
In accordance with the Delisting Regulations, the Promoters/ Acquirers have opened an Escrow Account in the name & style “LKP FINANCE LIMITED–DELISTING-OFFER-ESCROW ACCOUNT” with Axis Bank Limited having its branch office at Shop No. 12 & 13, Snehdeep CHS Ltd., M G Road, Goregaon (West), Mumbai - 400062 (“ Escrow Bank”) and deposited an amount of ` 34,30,00,000/- (Rupees Thirty Four Crores Thirty Lakhs Only) in the said Escrow Account being more than 100% of Initial Escrow Amount.