Current FEFTA Status Sample Clauses
The 'Current FEFTA Status' clause serves to confirm and disclose the parties' compliance with the Foreign Exchange and Foreign Trade Act (FEFTA) of Japan. In practice, this clause requires each party to state whether they are subject to any restrictions, approvals, or notifications under FEFTA, such as being a resident or non-resident, or being listed on any restricted party lists. By including this clause, the agreement ensures that all parties are aware of and adhere to relevant Japanese foreign exchange and trade regulations, thereby reducing the risk of inadvertent legal violations and facilitating lawful cross-border transactions.
Current FEFTA Status. The Company hereby represents and warrants to the Depositary that none of (i) the Company, (ii) its subsidiaries formed under Japanese law or having primary place of business in Japan, and (iii) any other entities with respect to which the Company and its subsidiaries collectively hold 50% or more of voting rights (collectively, the “FEFTA Covered Entities”) has conducted, conducts, or has any plans to conduct, any FEFTA Designated Business, that would require a Foreign Investor to submit a notification to the Minister of Finance and any minister having jurisdiction over any business of the Company prior to its “inward direct investment, etc.” (tainai chokusetsu toushi tou) or “specific acquisition (tokutei shutoku)”, each as defined in the FEFTA, relating to the Company pursuant to Article 27, Paragraph 1 of FEFTA or Article 28, Paragraph 1 of FEFTA (each, a “FEFTA Pre-Notification”).
Current FEFTA Status. The Company hereby represents and warrants to the Depositary that, other than radio communication equipment, custom software services, embedded software services, package software services and data processing services conducted by the Company, none of (i) the Company, (ii) its subsidiaries formed under Japanese law or having primary place of business in Japan, and/or (iii) any other entities under Japanese law or having primary place of business in Japan with respect to which the Company and its subsidiaries collectively hold 50% or more of voting rights (collectively, the “FEFTA Covered Entities”) has conducted, conducts, or has any plans to conduct, any FEFTA Designated Business, that would require a Foreign Investor to submit a notification to the Minister of Finance and any minister having jurisdiction over any business of the Company prior to its “inward direct investment, etc.” (tainai chokusetsu toushi tou) or “specific acquisition (tokutei shutoku)”, each as defined in the FEFTA, relating to the Company pursuant to Article 27, Paragraph 1 of FEFTA or Article 28, Paragraph 1 of FEFTA (each, a “FEFTA Pre-Notification”).
Current FEFTA Status. The Company hereby represents and warrants to the Depositary that, other than internet support services (4013), miscellaneous fixed telecommunications (3719), package software services (3913), and Data processing services (3921) conducted by the Company and custom software services (3911), embedded software services (3912) and package software services (3913) conducted by Style Free, Inc., the Company’s wholly-owned subsidiary (the numbers in the parentheses are numbers of Japan Standard Industrial Classification), none of (i) the Company, (ii) its subsidiaries formed under Japanese law or having primary place of business in Japan, and/or (iii) any other entities under Japanese law or having primary place of business in Japan with respect to which the Company and its subsidiaries collectively hold 50% or more of voting rights (collectively, the “FEFTA Covered Entities”) has conducted, conducts, or has any plans to conduct, any FEFTA Designated Business, that would require a Foreign Investor to submit a notification to the Minister of Finance and any minister having jurisdiction over any business of the Company prior to its “inward direct investment, etc.” (tainai chokusetsu toushi tou) or “specific acquisition (tokutei shutoku)”, each as defined in the FEFTA, relating to the Company pursuant to Article 27, Paragraph 1 of FEFTA or Article 28, Paragraph 1 of FEFTA (each, a “FEFTA Pre-Notification”).
Current FEFTA Status. The Company hereby represents and warrants to the Depositary that none of (i) the Company, (ii) its subsidiaries formed under Japanese law or having primary place of business in Japan, and (iii) any other entities with respect to which the Issuer and its subsidiaries collectively hold 50% or more of voting rights (collectively, the “FEFTA Covered Entities”) has conducted, conducts, or has any plans to conduct, any business (the “FEFTA Designated Business”) which would require a “foreign investor” (gaikoku ▇▇▇▇▇▇▇), as defined in the FEFTA, to submit a notification to the Minister of Finance and any minister having jurisdiction over any business of the Company prior to its “inward direct investment, etc.” (tainai chokusetsu toshi tou) or “specific acquisition (tokutei shutoku)”, each as defined in the FEFTA, relating to the Company pursuant to Article 27, Paragraph 1 of FEFTA or Article 28, Paragraph 1 of FEFTA (each, a “FEFTA Pre-Notification”).
Current FEFTA Status. The Company hereby represents and warrants to the Depositary that, other than internet support services (4013) and miscellaneous fixed telecommunications (3719) conducted by the Company and custom software services (3911), embedded software services (3912) and package software services (3913) conducted by Style Free, Inc., the Company’s wholly-owned subsidiary (the numbers in the parentheses are numbers of Japan Standard Industrial Classification), none of (i) the Company, (ii) its subsidiaries formed under Japanese law or having primary place of business in Japan, and/or (iii) any other entities under Japanese law or having primary place of business in Japan with respect to which the Company and its subsidiaries collectively hold 50% or more of voting rights (collectively, the “FEFTA Covered Entities”) has conducted, conducts, or has any plans to conduct, any FEFTA Designated Business, that would require a Foreign Investor to submit a notification to the Minister of Finance and any minister having jurisdiction over any business of the Company prior to its “inward direct investment, etc.” (tainai chokusetsu toushi tou) or “specific acquisition (tokutei shutoku)”, each as defined in the FEFTA, relating to the Company pursuant to Article 27, Paragraph 1 of FEFTA or Article 28, Paragraph 1 of FEFTA (each, a “FEFTA Pre-Notification”).