Foreign Investment Approval Sample Clauses

Foreign Investment Approval. The Buyer warrants either: (1) the purchase is not a notifiable action with respect to the Foreign Acquisitions and Takeovers Act 1975 (CTH) (FATA); or (2) where the purchase is a notifiable action under the FATA the Buyer has obtained any and all approvals.
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Foreign Investment Approval. Buyer shall have obtained all foreign investment and other governmental approvals necessary for the Closing.
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Foreign Investment Approval. The Buyer warrants: (a) It is not required to obtain consent to this purchase under the Foreign Acquisitions and Takeovers Act 1975; or (b) It has obtained any and all consents under the Foreign Acquisitions and Takeovers Act 1975 to this purchase.
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Foreign Investment Approval. A resolution by the General Office will have been received providing confirmation of authorization of the transactions contemplated hereby under Spanish Law 19/2003.
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Foreign Investment Approval. If the farmee is a foreign person as defined in the Foreign Acquisitions and Takeovers Act 1975 (Cth), and the interest to be acquired by it under the farmout exceeds certain thresholds, that acquisition may be subject to approval under that Act. More specifically, the Commonwealth Treasurer may decide that it is not in the national interest to allow the acquisition to proceed and may issue an order to this effect under s 19(2) prohibiting the proposed acquisition. The Foreign Acquisitions and Takeovers Act is administered in accordance with the government’s foreign investment policy and with the assistance of the Foreign Investment Review Board (FIRB), an advisory body which has no specific statutory basis or power. The foreign investment policy is (rather inadequately) 18 Compare Offshore Petroleum Xxxx s 256. explained in the booklet entitled “Australia’s Foreign Investment Policy: A Guide for Investors”.19 This booklet makes the statement that: “Proposals to acquire an interest in an existing mineral exploration right (through, for example, ‘farm-in’ or ‘farm-out’ arrangements or a re- arrangement of interests in a joint venture agreement) are exempt from examination under the Foreign Acquisitions and Takeovers Act.” Although it is not clear, it is assumed that this applies to oil and gas farmouts as well. “Mining” is stated to include the extraction of hydrocarbons and the stated policy is that: “Proposals to be examined in the mining sector (ie those valued over $50 million) will normally be approved unless judged contrary to the national interest.” The Commonwealth Treasurer generally acts on the recommendation of FIRB but is not bound to do so. The procedure for a party such as a farmee seeking clearance of a potential acquisition is to prepare a Notice under s 25 of the Act and submit it together with such other detailed information and submissions as may be required or considered desirable to the Executive Member of FIRB in the Treasury in Canberra. Submissions must be considered within 30 days and a further 10 days is allowed to communicate the Treasurer’s decision to the applicant. As a result of these statutory periods, if an applicant has not received a response within 40 days, it can generally proceed on the basis that there is no objection to the acquisition.
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Related to Foreign Investment Approval

  • Government Approval, Regulation, etc No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or other Person is required for the due execution, delivery or performance by the Borrower of this Amendment.

  • Settlement Approval The approval of the Master Servicer need not be requested for disposition of insurance loss settlements and the Servicer may disburse the loss proceeds as provided herein.

  • 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.

  • Course Approval Approval for dual credit shall be by the LEA and POSTSECONDARY INSTITUTION representatives on a course-by-course basis each semester based on the student’s prior coursework, career pathway, and/or academic readiness. There is no state limit to the number of credits a student may earn through dual credit in an academic term; however, the student must meet eligibility requirements.

  • Authorization, Approval, etc No authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any other Person is required either (a) for the pledge by the Pledgor of any Collateral pursuant to this Pledge Agreement or for the execution, delivery, and performance of this Pledge Agreement by the Pledgor, or (b) for the exercise by the Collateral Agent of the voting or other rights provided for in this Pledge Agreement, or, except with respect to any Pledged Shares, as may be required in connection with a disposition of such Pledged Shares by laws affecting the offering and sale of securities generally, the remedies in respect of the Collateral pursuant to this Pledge Agreement.

  • 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.

  • Board Approval of Foreign Subcustodians Unless and except to the extent that the Board has delegated to the Custodian and the Custodian has accepted delegation of review of certain matters concerning the appointment of Subcustodians pursuant to Subsection 8.3, the Custodian shall, prior to the appointment of any Subcustodian for purposes of holding Investments of the Fund outside the United States, obtain written confirmation of the approval of the Board of Trustees or Directors of the Fund with respect to (a) the identity of a Subcustodian, and (b) the Subcustodian agreement which shall govern such appointment, such approval to be signed by an Authorized Person. An Instruction to open an account in a given country shall comprise authorization of the Custodian to hold assets in such country in accordance with the terms of this Agreement. The Custodian shall not be required to make independent inquiry as to the authorization of the Fund to invest in such country.

  • No Government Approval You understand that no state or federal authority has reviewed this Investment Agreement or the Note or made any finding relating to the value or fairness of the investment.

  • 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 Approval 25.1 The Parties understand and agree that this Agreement and any amendment or modification hereto will be filed with the Commission for approval in accordance with Section 252 of the Act and may thereafter be filed with the FCC. The Parties believe in good faith and agree that the services to be provided under this Agreement are in the public interest. Each Party covenants and agrees to fully support approval of this Agreement by the Commission or the FCC under Section 252 of the Act without modification.

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