Common use of Events other than failure of the Offer Clause in Contracts

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Offer Documents, SEBI ICDR Regulations and any other Applicable Law, after the funds are transferred to the Public Offer Account, the Company and the Lead Managers shall intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule III) . The Public Offer Account Bank / Escrow Collection Bank and the Registrar shall, after a notice to the Lead Managers, the Company and the Selling Shareholders, forthwith but not later than one (1) Working Day from the receipt of the above notice, ensure the transfer of amounts held in the Public Offer Account/Escrow Accounts into the Refund Account in accordance with Applicable Law. The Refund Bank shall refund such amounts as described in notice issued by the Company and the Lead Managers as per this Clause 3.2.2, within one Working Day of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Law as per the modes specified in the RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Offer Documents, the SEBI ICDR Regulations and any other Applicable Law, after the funds are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall intimate the Bankers to the Public Offer Bank and the Registrar in writing (with a copy to the Selling Shareholders (as provided Shareholders) in Schedule III) . The the format prescribed under Annexure D and the Public Offer Account Bank / Escrow Collection Bank and the Registrar shall, after a notice to notifying the Company, the Selling Shareholders and the Book Running Lead Managers, the Company and the Selling Shareholders, forthwith but not later than one (1) Working Day from the receipt of instructions in this respect from the above noticeBook Running Lead Managers, ensure transfer the transfer of amounts held in the Public Offer Account/Escrow Accounts into Account to the Refund Account and the Refund Bank shall make payments in accordance with Applicable Law. The Refund Bank shall refund such amounts as described in notice issued by the Company and the Lead Managers as per this Clause 3.2.2, within one Working Day of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Law as per the modes specified in the RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries Bidders without any right or lien thereon.. On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.2, the Registrar shall forthwith, but not later than one (1) Working Day, following the