Common use of Prior to or on the Designated Date Clause in Contracts

Prior to or on the Designated Date. (a) The Escrow Collection Bank shall, upon receipt of an intimation from the Managers in writing in accordance with Clause 3.2.1.2 or 3.2.2 of this Agreement, after notice to the Company and the Promoter Selling Shareholders forthwith but not later than 1 (one) Working Day from the date of receipt of such notice, ensure the transfer of any Surplus Amount standing to the credit of the Cash Escrow Accounts to the Refund Account (as set out in Schedule X hereto); (b) The Refund Bank shall, upon receipt of an intimation from the Managers in writing in accordance with Clause 3.2.3 of this Agreement, after notice to the Company, the Promoter Selling Shareholders and the Registrar, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts from the Cash Escrow Accounts, ensure the transfer of any amounts standing to the credit of the Refund Account to the Beneficiaries as directed by the Managers in the prescribed form (as set out in Schedule II hereto); (c) On receipt of the intimation of failure of the Offer from the Managers as per Clause 3.

Prior to or on the Designated Date. (a) The Escrow Collection Bank shall, upon receipt of an intimation from the Managers in writing in accordance with Clause 3.2.1.2 or 3.2.2 of this Agreement, after notice to the Company and the Promoter Selling Shareholders forthwith but not later than 1 (one) Working Day from the date of receipt of such notice, ensure the transfer of any Surplus Amount amounts standing to the credit of the Cash Escrow Accounts to the Refund Account (as set out in Schedule X IX hereto); (b) The Refund Bank shall, upon receipt of an intimation from the Managers in writing in accordance with Clause 3.2.3 of this Agreement, after notice to the Company, the Promoter Selling Shareholders and the RegistrarRegistrar to the Offer, forthwith but not later than 1 (one) Working Day from the date of transfer of amounts from the Cash Escrow Accounts, ensure the transfer of any amounts standing to the credit of the Refund Account to the Beneficiaries as directed by the Managers in the prescribed form (as set out in Schedule II hereto); (c) On receipt of the intimation of failure of the Offer from the Managers as per Clause 3.

Prior to or on the Designated Date. (a) The Escrow Collection Bank shall, upon receipt of an intimation from the Lead Managers in writing in accordance with Clause 3.2.1.2 or 3.2.2 of this Agreement, after notice to the Company and the Promoter Selling Shareholders forthwith but not later than 1 (one) the same Working Day from the date of receipt of such notice, ensure the transfer of any Surplus Amount standing to the credit of the Cash Escrow Accounts to the Refund Account (as set out in Schedule X IVA hereto); (b) The Refund Bank shall, upon receipt of an intimation from the Lead Managers in writing in accordance with Clause 3.2.3 of this Agreement, after notice to the Company, the Promoter Selling Shareholders and the Registrar, forthwith but not later than 1 (one) the same Working Day from the date of transfer of amounts from the Cash Escrow Accounts, ensure the transfer of any amounts standing to the credit of the Refund Account to the Beneficiaries as directed by the Lead Managers in the prescribed form (as set out in Schedule II hereto); (c) On receipt of the intimation of failure of the Offer from the Lead Managers as per Clause 3.