ODI Fillings Clause Samples

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ODI Fillings. If any ultimate holder or beneficiary owner of any Investor or Ordinary Investor is subject to any approval, registration or reporting requirements under the ODI Regulations, with respect to its Equity Securities in any Group Company (whether directly or indirectly), such Investor or Ordinary Investor (i) shall have complied with the ODI Regulations and have obtained all approval, consents and filing records required to be obtained prior to the date hereof, and (ii) will comply with the ODI Regulations and obtain all approval, consents and filing records within the time limit provided by the ODI Regulations (the “ODI Covenants”). If any Investor or Ordinary Investor breaches the ODI Covenants, such Investor or Ordinary Investor shall remedy the breach within such time limit as the Board deems appropriate, and in the event such Investor fails to make such remedy to the satisfactory of the Board, the Company shall have the right to repurchase all the Equity Securities held by such Investor or Ordinary Investor at the then fair market value.
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