Completion of the Issue Sample Clauses
The 'Completion of the Issue' clause defines the point at which a particular matter, project, or transaction is considered fully resolved or finalized under the agreement. It typically outlines the specific criteria or deliverables that must be met for completion, such as the delivery of goods, fulfillment of services, or achievement of certain milestones. This clause ensures both parties have a clear understanding of when their obligations regarding the issue are satisfied, thereby reducing the risk of disputes over whether the contractual requirements have been met.
Completion of the Issue.
(a) The Company shall, after the filing of the Letter of Offer with the Designated Stock Exchange, intimate in writing in the prescribed format (specified in Annexure A hereto), the Issue Opening Date and the Issue Closing Date to the Banker to the Issue and the Registrar, at least 1 (one) Working Day prior to such Issue Opening Date and Issue Closing Date respectively. In case, the Issue is extended by the Company, the Company shall communicate such extension and new issue closing date before the original Issue Closing Date, to the Banker to the Issue.
(b) On the Transfer Date, upon being intimated in writing by the Company and the Registrar (with a copy to the Company) and pursuant to the finalization of the Basis of Allotment as approved by the Designated Stock Exchange, Application Money blocked under the ASBA process with respect to successful Applicants who are entitled to receive Allotment of Rights Equity Shares shall be unblocked by the SCSBs and credited to the Allotment Account.
(c) On the finalisation of the Basis of Allotment, as approved by the Designated Stock Exchange, the Company shall, in writing in the prescribed format (specified in Annexure B hereto), intimate the Banker to the Issue, the details of the Monitoring Agency Account to which the Application Money lying to the credit of the Allotment Account, with respect to successful Applicants, shall be transferred to, post receipt of the final listing and trading approvals. All Application Monies blocked under the ASBA process shall also get credited to the Allotment Account on the Transfer Date.
(d) Notwithstanding anything stated in this Agreement, in respect of the amounts lying to the credit of the Allotment Account, the following specific provisions shall be applicable:
(i) The Company agrees to retain requisite amount towards estimated Issue expenses, including, without limitation advisory fees and other issue expenses payable by the Company including applicable taxes thereon as mentioned in the Letter of Offer (“Issue Expenses”), in the Allotment Account until such time as the Company instruct the Banker to the Issue, as per Annexure C, with a copy to the Registrar.
(ii) The Company, following the receipt of the final listing and trading approvals from the Stock Exchange, provide the Banker to the Issue, in the prescribed form (specified in Annexure C hereto) along with a copy of listing and trading approvals, instructions stating the details of the payment towards the Issue Ex...
Completion of the Issue. 3.2.3.1. In the event of the completion of the Issue:
(a) The Escrow Collection Bank, the Public Issue Account Bank, the Refund Bank and the Sponsor Banks shall refer to the Red ▇▇▇▇▇▇▇ Prospectus for the Anchor Investor Bid/ Issue Period, the Bid/ Issue Opening Date and the Bid/ Issue Closing Date.
(b) The Registrar shall, on or prior to the Designated Date in writing (i) along with the BRLMs, intimate the Banker to the Issue in the form provided in Schedule I hereto, the Designated Date (with a copy to the Company and provide the written details of the Bid Amounts (including amounts, if any, paid by the Underwriters or any other person pursuant to any underwriting obligations in terms of the Underwriting Agreement) relating to Bids that have received the confirmed allocation and in respect of which the Bid Amounts are to be transferred from the Escrow Account to the Public Issue Account; (ii) intimate the SCSBs and the Sponsor Banks in writing (in the form provided in Schedule II) (with a copy to the Company and the BRLMs) of the Designated Date, and provide the SCSBs and the Sponsor Banks with the written details of the blocked amounts that have to be transferred from the ASBA Accounts including the accounts blocked through the UPI mechanism, as applicable, to the Public Issue Account. The Sponsor Banks, based on the UPI Mandate Request approved by the respective UPI Bidders at the time of blocking of their respective funds, will raise the debit/ collect request from the UPI Bidders’ bank accounts, whereupon the funds will be transferred from the respective UPI Bidders’ accounts to the Public Issue Account based on the finalized basis of allocation and the remaining funds, if any, will be unblocked to the UPI Bidders or its bank. The amounts to be transferred to the Public Issue Account by the Escrow Collection Bank represent Bids from Anchor Investors that have received confirmed allocation in respect of the Equity Shares in the Issue and amounts, if any, paid by the Underwriters or any other person pursuant to their underwriting obligations in terms of the Underwriting Agreement. The amounts to be unblocked and transferred to the Public Issue Account by the SCSBs (including the UPI Bidders’ banks on raising of debit/ collect requests by the Sponsor Banks) represent Bids from ASBA Bidders that have received/been confirmed allocation in respect of the Equity Shares in the Issue. The Escrow Collection Bank and the SCSBs, on receipt of such details from t...