CADE Approval definition

CADE Approval means whichever happens first among (a) the certification of the end of the term for appeal of fifteen (15) days counted from the date of publication in the Official Gazette of Brazil of the decision for approval of the Transaction by the General Superintendence Office of CADE, without any appeal or measure having been filed before CADE or by any Third Party with standing for such in the Transaction analysis proceedings and/or without any certiorari by any member of the CADE administrative tribunal; or (b) the certification of the final and unappealable decision by the CADE Administrative Tribunal to approve the Transaction, in case the case records are submitted to its analysis, in any of the events set forth in Law No. 12,529/11 and the CADE regulations.]2

CADE Approval means, the approval of a transaction by CADE’s General Superintendence and/or Tribunal, as applicable, according to the terms of Law No. 12,529/11, followed by (a) the lapse of the fifteen (15)-Calendar Day term as from the publication of the decision by CADE’s General Superintendence for third parties’ appeals, if any, or evocation by CADE’s Tribunal, as set forth in articles 65, I and II of Law No. 12,529/11 and article 122 of CADE’s Internal Regulation No. 1/2012, without said appeals having been filed or such evocation having occurred; or (b) if the transaction is analyzed by CADE’s Tribunal, publication in the Federal Official Gazette of the final judgment by CADE’s Tribunal, taking into account possible motions for clarification filed after the judgment, as set forth in articles 218 and following, of CADE’s Internal Regulation.

CADE Approval means the approval of a transaction by the General Superintendence and/or CADE Tribunal, as applicable, pursuant to Law no. 12.529/11, followed b

Examples of CADE Approval in a sentence

• In the event that the CADE Approval has not been obtained - or any other Condition Precedent has not yet been fulfilled – until the calling date of such General Shareholders’ Meetings, the General Shareholders’ Meetings shall nonetheless be called and the matters on the agenda shall be submitted for resolution by their respective shareholders subject to the fulfillment of the other Conditions Precedent set out herein and yet pending approval.

• In the event that the CADE Approval has not been obtained - or any other Condition Precedent has not yet been fulfilled – until the calling date of such General Shareholders’ Meetings, the General Shareholders’ Meetings shall nonetheless be called and the matters on the agenda shall be submitted for resolution by their respective shareholders, subject to the fulfillment of the other Conditions Precedent set out herein and yet pending approval.

• The offer contained in the Notice of Answer shall be firm, irrevocable and irreversible, and may be conditioned only to the need of obtaining regulatory approvals, including the BACEN Approval and the CADE Approval, as applicable.

More Definitions of CADE Approval

CADE Approval means the approval of a transaction by the General Superintendence and/or CADE Tribunal, as applicable, pursuant to Law no. 12.529/11, followed by (a) the elapse of the term of 15 (fifteen) Calendar Days as of the publication of the decision of CADE’s General Superintendence for eventual appeals

CADE Approval shall have the meaning contained in Clause 11.1.1.

CADE Approval shall have the meaning set forth in Section 4.1(i).