Applicable Competition Law definition
Examples of Applicable Competition Law in a sentence
Any waiting period under any Applicable Competition Law that is required in connection with the Offer shall have expired or have been terminated.
Subject to applicable Law, each Seller, on the one hand, and Purchaser, on the other hand, will consult and cooperate with the other Party in connection with any analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals to be made or submitted by or on behalf of either Party relating to proceedings under the German Competition Law or any other Applicable Competition Law.
Purchaser shall be entitled to direct, in consultation with Sellers, the defense of the transactions contemplated by this Agreement in any antitrust investigation or litigation by, or negotiations with, any Governmental Body or other Person relating to the transactions contemplated by this Agreement, including regulatory filings under the German Competition Law or any other Applicable Competition Law.
Buyer agrees to use its commercially reasonable efforts to promptly secure clearance under the Applicable Competition Law with respect to the transactions contemplated hereby, including agreeing to such non-material amendments of this Agreement, in each case as may be requested by the relevant Government Entities (according to the time periods requested by such Government Entities) in order to facilitate such approval process.
In addition, each of Buyer and Sellers will be given notice of and a reasonable opportunity to participate in contacts with any Governmental Entity regarding notices and applications under Applicable Competition Law.
All Approvals required by applicable Law to be obtained from any Governmental Entity to consummate the transactions contemplated hereby that are identified on Schedule 7.1(b) shall have been received or obtained on or prior to the Closing Date and any applicable waiting period under the Applicable Competition Law shall have expired or been terminated.
Promptly after the execution of this Agreement, Buyer shall reimburse Seller or Seller’s applicable Affiliate for the portion of the filing fee paid by Seller or such Affiliate with respect to the filing made under the Applicable Competition Law, and Buyer shall pay any and all application or filing fees with respect to any and all applications or filings under similar applications and filings.