FEFTA Cooperation Clause Samples
The FEFTA Cooperation clause requires parties to collaborate in complying with the Foreign Exchange and Foreign Trade Act (FEFTA) and related regulations. In practice, this means both parties must provide necessary information, documents, or assistance to ensure that any transactions or activities governed by the agreement adhere to Japanese foreign exchange and trade controls. This clause is essential for ensuring legal compliance and minimizing the risk of regulatory violations in cross-border transactions.
FEFTA Cooperation. The Company shall, and shall cause any other of its FEFTA Covered Entities to, fully cooperate with the Depositary and its counsel with respect to submission of any FEFTA Pre-Notification, the relevant post-facto report, or other filing required under FEFTA in connection with the deposit of Shares, including disclosing all necessary information to the Depositary and its counsel promptly upon request. The Company agrees to reimburse the Depositary for its expenses, including fees and expenses of counsel, for any FEFTA-related filings relating to the Shares on deposit in, to be deposited into, or to be withdrawn from, the ADR program existing pursuant to the Deposit Agreement, including, without limitation, FEFTA Pre-Notifications, FEFTA Execution Reports, FEFTA 10% Voting / Ownership Reports, and FEFTA Share Withdrawal Reports.