Common use of Duties and Responsibilities of the Manager Clause in Contracts

Duties and Responsibilities of the Manager. 5.1 Other than as expressly set forth in the SEBI ICDR Regulations in relation to the ASBA Bids submitted to the Manager, no provision of this Agreement will constitute any obligation on the part of the Manager to undertake any obligation or have any responsibility or incur any liability in relation to the ASBA Bids procured by the Designated Intermediaries or Bids not procured by Manager. 5.2 The Parties hereto agree that the duties and responsibilities of the Manager under this Agreement shall be as set out below: (a) On receipt of information from the Company, intimate in writing the Anchor Investor Bidding Date and the Bid/Issue Opening Date and Bid/Issue Closing Date, prior to the opening of Banking Hours on the Anchor Investor Bidding Date to the Escrow Collection Bank, the Public Issue Account Bank, the Refund Bank and the Registrar to the Issue along with a copy to the Company in the form attached hereto as Schedule III. (b) On the receipt of information from the Company, inform the Registrar to the Issue, the Escrow Collection Bank/Public Issue Account Bank/Refund Bank/ the Sponsor Banks regarding the occurrence of any of the events mentioned in Clause 3.2.1. (c) Along with the Registrar to the Issue, instruct the Escrow Collection Bank of the details of the monies to be transferred to Public Issue Account and the Surplus Amounts to the Refund Account in accordance with the terms herein and Schedule IV and Schedule VII hereto, the Red ▇▇▇▇▇▇▇ Prospectus and Applicable Laws. (d) On or prior to the Designated Date, the Manager shall intimate the Designated Date to the Escrow Collection Bank, the Public Issue Account Bank, the Refund Bank and the Sponsor Banks. (e) Instruct the Public Issue Account Bank (with a copy to the Company) in the prescribed forms in relation to the details of the monies to be transferred from the Public Issue Account in accordance with Clause 3. 5.3 The Manager shall not be responsible or liable under this Agreement in connection with the advice, opinions, actions or omissions of Manager or Syndicate Members (or agents of such other Manager, including Sub-Syndicate Members of such other Manager) or other Designated Intermediaries in connection with the Issue. The Manager shall, on issuing all instructions as contemplated under Clause 5.2, be discharged of all its obligations under this Agreement.

Duties and Responsibilities of the Manager. 5.1 Other than as expressly set forth in the SEBI ICDR Regulations in relation to the ASBA Bids submitted to the Manager, no provision of this Agreement will constitute any obligation on the part of any of the Manager to undertake any obligation or have any responsibility or incur any liability in relation to the ASBA Bids procured by the Designated Intermediaries or Bids not procured by Manager. 5.2 The Parties hereto agree that the duties and responsibilities of the Manager under this Agreement shall be as set out below: (a) On receipt of information from the CompanyCompany and as provided in the Red ▇▇▇▇▇▇▇ Prospectus, intimate in writing to the Anchor Investor Bidding Date and the Bid/Issue Opening Date and Bid/Issue Closing Date, prior to the opening of Banking Hours on the Anchor Investor Bidding Date to the Escrow Collection Bank, the Public Issue Account Bank, the Refund Bank and the Registrar to the Issue along with a copy to the Company in the form attached hereto as Schedule III. (b) On the receipt of information from the Company, inform the Registrar to the Issue, the Escrow Collection Bank/Public Issue Account Bank/Refund Bank/ the Sponsor Banks regarding the occurrence of any of the events mentioned in Clause 3.2.1. (c) Along with the Registrar to the Issue, as applicable instruct the Escrow Collection Bank of the details of the monies to be transferred to Public Issue Account and the Surplus Amounts to the Refund Account in accordance with the terms herein and Schedule IV and Schedule VII hereto, the Red ▇▇▇▇▇▇▇ Prospectus and Applicable Laws. (d) On or prior to the Designated Date, the Manager shall intimate the Designated Date to the Escrow Collection Bank, the Public Issue Account Bank, the Refund Bank and the Sponsor Banks. (e) Instruct the Public Issue Account Bank (with a copy to the Company) in the prescribed forms in relation to the details of the monies to be transferred from the Public Issue Account in accordance with Clause 33.2.3.2. 5.3 The Manager shall not be responsible or liable under this Agreement in connection with the advice, opinions, actions or omissions of Manager or Syndicate Members (or agents of such other Manager, including Sub-Syndicate Members Member of such other Manager) or other Designated Intermediaries in connection with the Issue. The Manager shall, on issuing all instructions as contemplated under Clause 5.2, be discharged of all its obligations under this Agreement. The obligations, representations, warranties, undertakings, liabilities and rights of the Manager under this Agreement shall be several and not joint. None of the Manager shall be responsible or liable under this Agreement in connection with the advice, opinions, actions or omissions of any other Manager (or agents of such other Manager, including sub-syndicate members of such other Manager) or the Designated Intermediaries in connection with the Issue. The Manager shall be severally (and not jointly) responsible and liable for any failure to perform their respective duties and responsibilities as set out in this Agreement provided that the Manager shall, on issuing instructions to the Escrow Collection Bank and the Registrar to the Issue in accordance with Clause 5.2 above, be fully discharged of their duties and obligations under this Agreement.