Administrative Approvals. The Corporation agrees to apply for, and use its best efforts to obtain, all governmental and administrative approvals required concerning the purchase and sale of shares under this Agreement. The Shareholders agree to cooperate in obtaining the approvals and to execute all documents that they may be required to execute concerning the approvals. The Corporation shall pay all costs and filing fees concerning obtaining the approvals.
Administrative Approvals. The right of the Company to exercise the option to purchase the Shares is subject to the restrictions governing the right of a corporation to purchase its own stock contained in the Delaware General Corporate law, and other pertinent government restrictions as are now or may hereafter become effective. The Company shall apply for and use its best efforts to obtain all governmental and administrative approvals required in connection with the purchase and sale of any Shares under this Agreement. The Shareholders shall cooperate in obtaining such approvals and shall execute any and all documents that may be required in connection with the approvals.
Administrative Approvals. 7.1 To the Sellers’ knowledge, each of the Group Companies has obtained, and is in possession of, all material administrative authorisations, approvals, permits, and licenses which it requires for the conduct of its present business. Each material authorisation, approval, permit and license is valid and has not been cancelled, revoked or restricted in any manner, and, to the Sellers’ knowledge, there are no circumstances that may reasonably be expected to result in a cancellation, revocation or restriction of any material authorisation, approval, permit and license.
7.2 To the Sellers’ knowledge, the business of each Group Company is and (to the extent that violation in the past may still be relevant as of today or in the future) has been conducted in compliance with any legal requirement (including environmental law) in all material respects. In the last two (2) years preceding the date hereof no Group Company has received any written notice from any governmental authority regarding any actual material violation of, or failure to comply with, any legal requirement.
Administrative Approvals. Distributor acknowledges that the Products require that prior registrations, licenses, authorizations, permits, approvals, certifications and/or consents (hereinafter referred as to "Administrative Approvals") be obtained from governmental authorities and/or agencies for the importation, sale, resale or marketing of the Products in the Territory, and that Company markets such Products only with third parties that hold such Administrative Approvals.
11.1.1. As one of the conditions set by Company to sell to Distributor and appoint it as one of its distributors, Distributor ensured (and will ensure during the whole term of this Agreement) Company that (i) it holds all appropriate and applicable Administrative Approvals necessary to import and acquire the Products and resell them in the Territory; and (ii) Distributor will market the Products only with third parties (including sub-distributors) that hold such Administrative Approvals, under penalty of immediate termination of this Agreement as set forth in Section 12.3.1(e) hereof. Distributor also agrees to be fully and exclusively liable to Company, third parties and any governmental authorities and/or agencies for all damages, infringements, costs, losses and notices of violation that it may cause for failure to comply with this Section and to maintain the Administrative Approval(s) duly updated.
Administrative Approvals. Promptly following execution of this Agreement, the parties shall, with copies to the other of all submitted material, submit this Agreement to the California Commissioner of Financial Institutions (the "Commissioner") for approval, as required in Section 4879.09 of the California Financial Code, and the Buyer shall submit this Agreement to the FRB for approval, as required by 12 U.S.C. Section 1828(c)(2). The parties hereto shall also promptly file, either individually or jointly, as may be required, all other applications, amendments thereto, supporting documents and affidavits, and shall publish all other notices and perform all other acts which may be required by law or regulation to obtain the final
Administrative Approvals. Promptly following execution of this Agreement, the parties shall, with copies to the other of all submitted material, submit this Agreement to the California Commissioner of Financial Institutions (the "Commissioner") for approval, as required in Section 4879.09 of the California Financial Code, and the Buyer shall submit this Agreement to the FRB for approval, as required by 12 U.S.C. Section 1828(c)(2). The parties hereto shall also promptly file, either individually or jointly, as may be required, all other applications, amendments thereto, supporting documents and affidavits, and shall publish all other notices and perform all other acts which may be required by law or regulation to obtain the final approvals of the Commissioner, the FRB and any other Governmental Body whose approval is a prerequisite to the consummation of the transactions contemplated herein. The Seller and the Buyer shall furnish the other upon request all such information and material concerning the Branch, the Seller or the Buyer, as the case may be, required for inclusion in, or preparation of, any applications required to be made for any regulatory approvals to the acquisition by the Buyer of the Branch from the Seller hereunder and the transactions hereby contemplated, and shall keep each other apprised on a current basis of the processing and status of all such filings and applications for regulatory approvals.
Administrative Approvals. Promptly, and in any event not later than fifteen (15) business days following execution of this Agreement by the Seller and the Buyer, (a) the Seller shall, with copies to the Buyer of all submitted material, submit any necessary application or notice to the OTS for approval, as required in 12 C.F.R. section 563.22 et seq, and (b) the Buyer shall, with copies to the Seller of all submitted material, submit any necessary application to the OCC for approval, as required by 12 U.S.C. section 1828(c), to acquire the Branch. Seller shall join in the application to the OCC under 12 U.S.C. section 1828(c) to the extent necessary. The parties hereto shall also promptly file, either individually or jointly as may be required, all other applications, amendments thereto, supporting documents and affidavits, and shall publish all other notices and perform all other acts which may be required by law or regulation to obtain the final approvals of the OTS, the OCC and any other Governmental Body whose approval is a prerequisite to the consummation of the transactions contemplated herein. The Seller and the Buyer shall furnish the other upon request all such information and material concerning the Branch, the Seller or the Buyer, as the case may be, required for inclusion in, or preparation of, any applications required to be made for any regulatory approvals to the acquisition by the Buyer of the Branch from the Seller hereunder and the transactions hereby contemplated, and shall keep each other apprised on a current basis of the processing and status of all such filings and applications for regulatory approvals. Draft copies of such applications shall be submitted by each party to the other for review prior to filing, and each party shall provide to the other copies of any communications from any Governmental Body with respect to such applications.
Administrative Approvals. Promptly, and in any event not later than five (5-) calendar days following execution of this Agreement by the Seller and the Buyer, (a) the Buyer shall, submit any necessary application or notice to the OTS for approval, as required in 12 C.F.R. Section 563.22
Administrative Approvals. Promptly, and in any event not later than ten (10) Business Days following execution of this Agreement by the Seller and the Buyer, each party shall, with copies to the other party of all submitted material, which copies may be redacted to address reasonable privilege or confidentiality concerns, submit this Agreement, and all necessary and supporting information, to each Banking Agency required to approve the transaction contemplated hereby. The parties hereto shall also promptly file, either individually or jointly as may be required, all other applications, amendments thereto, supporting documents and affidavits, and shall publish all other notices and perform all other acts which may be required by law or regulation to obtain the final approvals of all Banking Agencies and any other Governmental Body whose approval is a prerequisite to the consummation of the transactions contemplated herein.
Administrative Approvals. The Lessee shall file a petition for construction permission of a building for research laboratory and office use and commits to respect the provisions mentioned in the construction permission. The lessee shall apply for any administrative authorizations which may be required, particularly those related to the protection of the environment. The lesse shall be responsible for carrying out the formalities regarding display of the construction permission on the site as provided by Article R421-39 of the Urban Code. ALSABAIL shall receive a copy of the construction permission and of any future modifications of this tatter as well as a copy of the declaration of starting of construction works. Upon their request, the construction permission may be transferred to the joint owners. After completion of the construction works, the lessee shall give notice immediately to ALSABAIL, so that ALSABAIL can carry out in due time the necessary administrative procedure in order to get the certificate of compliance. In the event the certificate is not issued due to non-compliance of the building, the necessary modification works shall be at the full expenses of the lessee. The joint owners reserve the right to have the works carried out with companies of their own choice. The lessee shall receive the invoices directly from these latter and shall pay them. In any case, the lessee shall make sure that the joint owners will obtain the certificate of compliance within two years from the time of completion of the construction works, even with some reserves on it If the certificate of compliance could not be obtained within the two years, the joint owners shall be entitled to charge compensation to the lessee for each additional month at 1 % of the annual rent, VAT on top.
