Foreign Acquisition Sample Clauses
The Foreign Acquisition clause governs the terms and conditions under which a party may be acquired by, or merge with, a foreign entity. Typically, this clause outlines notification requirements, regulatory compliance obligations, and may impose restrictions or require prior consent before such a transaction can proceed. Its core function is to protect the interests of the parties involved by ensuring transparency and compliance with applicable laws, and to address potential risks associated with foreign ownership or control.
Foreign Acquisition. The Purchaser warrants that in the event that he or she is a person as defined by the Foreign Acquisitions & Takeovers Act all requirements of the Act have been observed and that any loss occasioned by a breach of such warranty shall form the basis of damages recoverable from the Purchaser.
Foreign Acquisition. 6.1. The purchaser warrants that the provision of the Foreign Acquisitions and Takeovers Act 1975 (Cth) do not require the Purchaser to obtain consent to enter this contract.
6.2. If there is a breach of warranty contained in the clause 5.1 (whether intentional or not) the Purchaser must indemnify and compensate the Vendor for any loss, damage or cost which the Vendor incurs as a result of the breach;
6.3. This warrant and indemnity do not merge on completion of this contract.
Foreign Acquisition. ■ 80. The authority citation for part 25 is revised to read as follows: provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.