Common use of ODI Approvals Clause in Contracts

ODI Approvals. With respect to any onshore RMB Investor (if any), any and all of (a) the consents, filings and/or registrations with respect to such onshore RMB Investor’s direct or indirect outbound investment to the Company with applicable Governmental Authority pursuant to the applicable PRC laws and (b) the relevant foreign exchange registration procedures with State Administration of Foreign Exchange or one of its designated banks in the PRC with respect to its direct or indirect outbound investment to the Company and the remittance of funds out of PRC by such onshore RMB Investor shall have been duly obtained and completed.

Appears in 6 contracts

Samples: Series a Preferred Share Purchase Agreement (Lotus Technology Inc.), Series a Preferred Share Purchase Agreement (Lotus Technology Inc.), Series a Preferred Share Purchase Agreement (Lotus Technology Inc.)

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