Exchange Control Approval definition

Exchange Control Approval means the permission of the Bermuda Monetary Authority under the Exchange Control Act 1972 (and regulations made thereunder) for the issue and transfer of the Company’s shares dated 7 July, 2000, as referred to in the Secretary’s Certificate;

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Exchange Control Approval means the approval by the Financial Surveillance Department of the South African Reserve Bank, as may be required in terms of the Exchange Control Regulations (issued in terms of the Currency and Exchanges Act 9 of 1933) for any of the transactions contemplated in this Agreement.

Exchange Control Approval has the meaning set forth in Section 7.01(h).

Examples of Exchange Control Approval in a sentence

• There shall have been obtained at or --------------------- prior to the Closing Date such permits and/or authorizations, and there shall have been taken such other action by any regulatory authority having jurisdiction over the parties and the actions herein proposed to be taken, as may be required to lawfully consummate the Exchange, including but not limited to requirements under applicable U.S. and foreign securities and corporations laws and the South African Exchange Control Approval.

• Each of the Parties shall use its commercially reasonable efforts and shall take all such steps and render all such assistance to the other Party as may be reasonably necessary to procure fulfilment of the Suspensive Condition during the Exchange Control Approval Period.

• The THAWTE Shareholder shall cause THAWTE to, --------------- and the THAWTE Shareholder shall, use their best efforts to assist VeriSign to the extent necessary to comply with the securities laws of all jurisdictions (U.S. and foreign) which are applicable in connection with the Exchange, provided that all costs associated with such compliance, other than Exchange Control Approval, shall be borne by VeriSign.

• For the purpose of the Collection Accounts of any South African Entity, the time periods set forth in this Section 7.01(t) shall be calculated from the date the South African Exchange Control Approval is obtained, rather than from the Effective Date.

• Bill of entry (SAD500), SARS release notification, Customs worksheet, Bill of Lading or Airway Bill and approved Exchange Control Approval (EXCON).

• The Closing shall be deemed effective as of 12:01 a.m. on the Closing Date only in the event that the parties to this Agreement have received the Exchange Control Approval.

• Use reasonable best efforts to obtain the South Africa Exchange Control Approval as soon as possible, and if received, deliver to the Agents evidence of such approval and such related documents or information as the Agents may request, including an executed Security Agreement, insurance assignment, all security filings and a legal opinion as to such matters reasonably requested by the Agents.

• Except for the South African Exchange Control Approval, all consents, authorizations and approvals of, and filings and registrations with, and all other actions in respect of, any Governmental Authority or other Person required in connection with the making of the Loans or the conduct of the Parent's and the Loan Parties' business shall have been obtained and shall be in full force and effect.

• Except as pertaining to the Exchange Control Approval or set forth on SCHEDULE 3.5, the execution, delivery and performance by Sellers of this Agreement and the consummation of the transactions contemplated hereby do not require Sellers to obtain any consent, approval or action of, make any filing with, or give any notice to, any Governmental Authority.

• Pelawan will exercise the board lots relating to its Current Shareholding in order to ensure, to the extent within its power, and will procure that those persons nominated by it to the Board who are also directors or officers of Pelawan ensure, to the extent within their power, that Anooraq shall declare and pay dividends in accordance with the requirements of the Exchange Control Approval, as defined in the Pelawan Dividend Trust Deed.

More Definitions of Exchange Control Approval

Exchange Control Approval means any approval that [a party resident in South Africa] may be required to obtain pursuant to the Exchange Control Regulations, 1961 (the “Exchange Control Regulations”), published under the Currency and Exchanges Act, 9 of 1933, from the exchange control department of the South African Reserve Bank, or from any authorised dealer 2 If the GMRA 1995 is used, these references should be to paragraphs 10(a)(ix), 10(a)(x), 10(a)(xi) and 10(a)(xii).

Exchange Control Approval means the exchange control approval granted by the Bank of Namibia (initially on or before the Subsequent Closing Date and annually thereafter on or before the anniversary of such initial grant) in relation to the security in the form of guarantees and share pledges to be granted by, or in respect of, (i) Wilru, (ii) Rosh Pinah Base Metals and (iii) Rosh Pinah Mine Holdings.

Exchange Control Approval means in relation to any Obligor incorporated in The Republic of South Africa a valid and current approval from the South African Reserve Bank approving the borrowing and repayment of moneys by such Obligor under the Senior Finance Documents to which it is expressed to be a party to be paid in accordance therewith and the entry into guarantees by such Obligor as contemplated in the Senior Finance Documents.

Exchange Control Approval means (i) the letter application (reference 6289DD 2014-07-14; 0380500), dated 14 July 2014, to the Exchange Control Authorities by Standard Bank (as the Issuer's "authorised dealer" for purposes of the Exchange Control Regulations) requesting the approval of the Exchange Control Authorities for the "proposed inward listing of the notes on the JSE up to an aggregate outstanding notional amount of ZAR10 billion", as read with (ii) the letter (application number 6289), dated 14 July 2014, from the Exchange Control Authorities to Standard Bank (as the Issuer's "authorised dealer" for purposes of the Exchange Control Regulations), referring to the letter application described in sub- paragraph (i), and advising that "we are, from a Financial Surveillance Department point of view and in principle, agreeable to Macquarie Bank Limited ("MBL") inward listing Notes on the JSE Limited ("JSE")" and requiring that "we ... be approached on a case by case basis for each Note to be issued on the JSE providing full details on the type of Note to be listed with a clear indication whether the reference asset is domestic or foreign, the value thereof, the indicative terms as well as the applicable pricing supplement";

Exchange Control Approval means any approvals and/or consents required from the South African Reserve Bank or other applicable regulatory authority.