Common use of [Foreign investment clearance Germany Clause in Contracts

[Foreign investment clearance Germany. After publication of this Offer Document and at the latest by [●]2 2021, the BMWi has (a) granted a Certificate of non-objection (Unbedenklichkeitsbescheinigung) in accordance with Section 58 para. 1 sentence 1 AWV or otherwise informed the Bidder that it will not initiate proceedings (Prüfverfahren) within the two months’ time period specified in Section 14a para. 1 number 1 of the German Foreign Trade Act (Außenwirtschaftsgesetz – “AWG”); or (b) not initiated such proceedings within such time period; or (c) informed the Bidder in writing, after initiating such proceedings, that the Transaction will not be prohibited or does not meet the requirements for a prohibition; or (d) not prohibited the Transaction, after initiating such proceedings, within the four months’ time period specified in Section 14a para. 1 number 2 AWG, as possibly extended pursuant to Section 14a paras. 4, 5 and 6 AWG. ____________________ 1 Note: Long stop date to be determined by BW/BidCo based on outcome of the currently ongoing regulatory analysis and discussion with BaFin. 2 Note: Long stop date to be determined by BW/BidCo based on outcome of the currently ongoing regulatory analysis and discussion with BaFin.

Appears in 5 contracts

Samples: Irrevocable Undertaking (Borgwarner Inc), Irrevocable Undertaking (Borgwarner Inc), Irrevocable Undertaking (Borgwarner Inc)

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