China Approval Sample Clauses

China Approval. The China Approval shall have been obtained. SECTION 11.6
Sample 1
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China Approval. In the event that the Beijing Municipal Commission of Commerce disapproves of the transactions contemplated by this Agreement, then (a) Seller will promptly refund the Closing Payment (as defined below) to Buyer and cancel the Promissory Note (as defined below) and deliver evidence to Buyer of such cancellation, (b) Buyer will promptly return all Official Chops and Documents (as defined below) to Seller and take any and all actions necessary to reinstate Seller’s ownership of the Equity and control over the Company (including, without limitation, the Company’s bank accounts), and (c) this Agreement will automatically be terminated immediately following the full satisfaction of the obligations set forth in clauses (a) and (b) and become void and of no further force and effect, and neither party will have any liability to the other party in respect of such termination; provided, however, that nothing in this Section 4.12 will relieve any party from liability it may have hereunder for a breach of this Agreement prior to such termination.
Sample 1
China Approval. If the China Approval is not obtained prior to the Closing, the Closing shall nonetheless take place and, thereafter, the Parent and the Buyer shall cooperate in any lawful and reasonable arrangement reasonably proposed by the Buyer (not including the payment of any consideration) under which the Buyer shall obtain the economic claims, rights and benefits under, and shall bear all the costs, liabilities and burdens with respect to, the operation of Q-Tech (the equity ownership of which shall not be transferred to the Chinese Buyer until the China Closing Date and shall be held separate by the Parent until the China Approval is received at which time it shall be transferred to the Chinese Buyer); provided that the Buyer shall pay or satisfy all the costs, expenses, obligations and liabilities incurred by Q-Tech in connection with any such alternative arrangements (other than legal fees incurred by the Parent and Q-Tech in connection with documenting and negotiating such arrangement, which shall be borne by the Parent). Notwithstanding the provisions of the previous sentence, no cash or other consideration will be transferred between Q-Tech and the Parent, on one hand, and the Buyer and the Chinese Buyer, on the other hand, as contemplated in the previous sentence until the China Closing Date. During the period between Closing and the China Closing Date, the parties further agree to operate Q-Tech in accordance with the terms set forth in Section 7.4 of the Seller Disclosure Schedule. In the event the failure to obtain the China Approval is the result of a failure by a party hereto to perform any covenants or agreements in this Agreement in connection with obtaining the China Approval, the non-defaulting party shall retain all its indemnity and other rights set out in this Agreement with respect to such failure to perform its agreements hereunder. If at any time, the Buyer, in its reasonable discretion determines that the China Approval is not obtainable with commercially reasonable efforts, and that the business of Q-Tech can be effectively transferred to the Buyer through the transfer of assets and the assumption of liabilities of Q-Tech, the Parent shall, upon the request of the Buyer, cooperate with all of the Buyer’s reasonable directives in that regard so as to effectively convey, directly or beneficially, the business of Q-Tech to the Chinese Buyer.
Sample 1
China Approval. Ganfeng shall have received all necessary government foreign exchange approvals to fund the Loan Agreement and complete the share subscription on the Transaction Closing Date;
Sample 1

Related to China Approval

  • HSR Approval The applicable waiting period under the HSR Act shall have expired or been terminated.

  • FCC Approval Notwithstanding anything to the contrary contained in this Agreement or in the other Loan Documents, neither the Administrative Agent nor any Lender will take any action pursuant to this Agreement or any of the other Loan Documents, which would constitute or result in a change in control of the Borrower or any of its Subsidiaries requiring the prior approval of the FCC without first obtaining such prior approval of the FCC. After the occurrence of an Event of Default, the Borrower shall take or cause to be taken any action which the Administrative Agent may reasonably request in order to obtain from the FCC such approval as may be necessary to enable the Administrative Agent to exercise and enjoy the full rights and benefits granted to the Administrative Agent, for the benefit of the Lenders by this Agreement or any of the other Loan Documents, including, at the Borrower’s cost and expense, the use of the Borrower’s best efforts to assist in obtaining such approval for any action or transaction contemplated by this Agreement or any of the other Loan Documents for which such approval is required by Law.

  • Regulatory Approval Any waiting period applicable to the Transactions under the HSR Act shall have been terminated or shall have expired.

  • Requisite Regulatory Approvals All Consents required to be obtained from or made with any Governmental Authority in order to consummate the transactions contemplated by this Agreement shall have been obtained or made.

  • Listing Approval The Shares to be delivered on the Closing Date or any Additional Closing Date, as the case may be, shall have been approved for listing on the Exchange, subject to official notice of issuance. If (i) any of the conditions specified in this Section 5 shall not have been fulfilled when and as provided in this Agreement, or (ii) any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Representative and its counsel, this Agreement and all obligations of the Underwriters hereunder may be cancelled on, or at any time prior to, the Closing Date or any Additional Closing Date, as the case may be, by the Representative. Notice of such cancellation shall be given to the Company in writing or by telephone or facsimile confirmed in writing.

  • No Regulatory Approval By the Company or Parent, if its Board of Directors so determines by a vote of a majority of the members of its entire Board, in the event any Requisite Regulatory Approval shall have been denied by final, nonappealable action by such Governmental Authority or a Governmental Authority shall have requested the permanent withdrawal of an application therefor.

  • Regulatory Approvals All Requisite Regulatory Approvals shall have been obtained and shall remain in full force and effect and all statutory waiting periods in respect thereof shall have expired, and no such Requisite Regulatory Approval shall have resulted in the imposition of any Materially Burdensome Regulatory Condition.

  • Government Approval Boeing and Customer will assist each other in obtaining any governmental consents or approvals required to effect certification and sale of aircraft under the applicable purchase agreement.

  • Other Regulatory Approvals Each party hereto shall cooperate and use its reasonable best efforts to promptly prepare and file all necessary documentation to effect all necessary applications, notices, petitions, filings and other documents, and use all reasonable efforts to obtain (and will cooperate with each other in obtaining) any consent, acquiescence, authorization, order or approval of, or any exemption or nonopposition by, any Governmental Entity required to be obtained or made by Parent or the Company or any of their respective Subsidiaries in connection with the Offer and the Merger or the taking of any other action contemplated by this Agreement.

  • Required Regulatory Approvals Certain transactions required, permitted or otherwise contemplated by this Agreement may under certain circumstances require prior filings with and approvals, or non-disapprovals, from the Indiana Department of Insurance or the Indiana Insurance Commissioner. Such transactions include: (a) issuance or purchase of any additional capital stock of the Company or other securities convertible into or exchangeable or exercisable for capital stock of the Company pursuant to Sections 1.2 or 3.4; (b) transfer of Shares to a wholly owned subsidiary of a Shareholder, to another Shareholder or to a wholly owned subsidiary of another Shareholder pursuant to Sections 3.1(a) or 3.4; (c) exercise of preemptive rights by a Shareholder pursuant to Section 3.2; and (d) exercise of call rights by the Company or a Shareholder pursuant to Section 3.3 (including pursuant to the two provisos in Section 3.1(b)). Notwithstanding anything to the contrary contained in this Agreement, any such transactions requiring filings with and approvals, or non-disapprovals, from the Indiana Department of Insurance or the Indiana Insurance Commissioner shall not, to the extent within the control of a party hereto, be entered into or consummated unless and until the required filings have been made and the required approvals (or non-disapprovals) have been obtained, and to the extent not within the control of an applicable party hereto, such party shall use best efforts to cause such transactions not to be entered into or consummated unless and until the required filings have been made and the required approvals (or non-disapprovals) have been obtained.

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