PRC Approvals. The issuance and sale of the Shares and Representative’s Securities to the underwriters, the listing and trading of the Shares on the NASDAQ Capital Market and the consummation of the other transactions contemplated by this Agreement, the Representative’s Securities, the Registration Statement and the Prospectus are not and will not be, as of the date hereof and on the Closing Date and each Option Closing Date, if any, subject to any approval by any the PRC governmental or regulatory authority.
PRC Approvals. The PRC Approvals are the only approvals currently anticipated by the Offeror to be required by Government Authorities in the People’s Republic of China in connection with the transactions contemplated by this Agreement.
PRC Approvals. Jinchuan has undertaken preliminary consultations with the relevant departments responsible for issuing the PRC Approvals in regard to the transactions contemplated by this Agreement and has not received any communication from them that they will not issue the necessary PRC approvals.
PRC Approvals. The issuance and sale of the Public Securities to the underwriters, the listing and trading of the Public Securities on the NASDAQ Capital Market and the consummation of the other transactions contemplated by this Agreement, the Registration Statement and the Prospectus are not and will not be, as of the date hereof and on the Closing Date, subject to any approval by any the PRC governmental or regulatory authority.
PRC Approvals. The PRC Approvals shall have been obtained and shall remain valid.
PRC Approvals. Section 6.1.6 of the Original Agreement contemplates that as a condition of Closing, certain approvals from PRC regulatory authorities shall have been obtained prior to Closing, including approvals with respect to the Merger, and the terms of the Amended and Restated Erye Joint Venture Agreement, the Erye Articles of Incorporation and related organizational documents. Section 6.2.23 of the Original Agreement also contemplates certain assurances from PRC Governmental Authorities. The parties now understand that under PRC law, they may not be able to obtain certain approvals until after Closing. CBH shall use reasonable commercial efforts to obtain such approvals prior to the Closing, however, the Parties agree that if NeoStem, in its sole and unfettered discretion, determines to waive such condition in whole or in part, and agree to consummate the Merger prior to approval from any PRC Governmental Authority including but not limited to approval of the matters listed above, the condition shall remain as a condition subsequent to the Merger and all related transactions, and the parties shall at Closing either permit NeoStem to defer delivery of any NeoStem securities to holders of CBH securities through a provison in the certificate of merger or otherwise, or enter into an escrow agreement on terms satisfactory to NeoStem, such that in either event consummation of the Merger or issuance of all consideration to be paid or issued by NeoStem in connection with, related to, or contingent upon the consummation of the Merger (except as contemplated by Sections 5.5.7(iv) and (vii)) may be deferred or held back by NeoStem, or held in escrow, in each case subject to an absolute right of NeoStem to receive back all such consideration and rescind the Merger and all related transactions if any such PRC regulatory approvals are not obtained within a reasonable period of time after Closing (such time period to be fixed in the escrow agreement; but not in excess of 45 days). Xx. Xxx and Madame Jian shall be paid an aggregate of 203,338 shares of NeoStem Common Stock if all PRC approvals are timely received.
PRC Approvals. Buyer will use commercially reasonable efforts to take, or cause to be taken, all appropriate action, and do, or cause to be done, all things reasonably necessary to obtain the PRC Approvals as promptly as possible following the date hereof.
PRC Approvals. Buyer shall have obtained the PRC Approvals and the approval of its board of directors authorizing the execution, delivery and performance of this Agreement.
PRC Approvals. As promptly as reasonably practicable following the date of this Agreement, and in furtherance of Investor’s obligations under Section 5.5, Investor shall:
(a) make all appropriate filings required in connection with the PRC Approvals as promptly as practicable within the applicable period required by applicable Law, and supply as promptly as practicable any additional information and documentary material that may be requested pursuant to applicable Law in connection with the PRC Approvals; and
(b) to the extent permitted by applicable Law, promptly inform the Company of any oral communication with, and provide copies of written communications with, any Governmental Entity regarding the PRC Approvals and share with the Company any analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or submitted by or on behalf of Investor relating to the PRC Approvals; provided, that in each case above, the Company shall reasonably cooperate with Investor to provide the information and documents required for obtaining the PRC Approvals and shall assist Investor in promptly responding to any requests for information and/or documents from any Governmental Entity in connection with making such applications and/or filings to obtain the PRC Approvals.
PRC Approvals. Purchaser shall and where appropriate shall cause its affiliates to apply for and use commercially reasonable efforts to obtain the PRC Approvals and, in doing so, keep Addax reasonably informed as to the status of the proceedings related to obtaining the PRC Approvals, including providing Addax with copies of all related applications and notifications in draft form (except where such material is confidential).
