Carve Out Authorisation Sample Clauses

Carve Out Authorisation. The obtaining by the Company of the authorisation of the financial institutions, clients and competent administrations for the transfer of essential assets and the decrease of the net equity which takes place in the Company as a consequence of the Carve Out, in relation to the contracts listed in Annex 2.2.1(iii). Fulfilment with this Condition precedent shall be demonstrated by submission by the Sellers of the corresponding authorisations, granted by a duly authorised representative of said clients and financial entities, expressly and unconditionally consenting to the Carve Out.