FINRA Approval definition

FINRA Approval means the decision of FINRA granting approval of the FINRA Application with respect to the transactions contemplated by this Agreement and the indirect change of ownership of the Company Broker-Dealer Subsidiary. For the avoidance of doubt, the FINRA Approval shall not include or require, or be deemed to include or require, any decision of FINRA granting approval of any matter as may be filed pursuant to a separate application with FINRA other than the transactions contemplated by this Agreement or the indirect change of ownership of the Company Broker-Dealer Subsidiary.

FINRA Approval means that, as of the Closing Date, FINRA shall have approved the sale of the Subject Companies pursuant to NASD Rule 1017.

FINRA Approval shall have the meaning set forth in Section 7.

Examples of FINRA Approval in a sentence

• The FINRA Approval shall have been obtained and shall not have been withdrawn, and FINRA has not imposed any FINRA Burdensome Condition for which indemnification pursuant to Article VII would be an inadequate remedy.

• Each of Apollo and the Sellers shall use its reasonable best efforts to, as promptly as practicable and in no event later than ten (10) Business Days after the date hereof, file all documents and information required in connection with obtaining FINRA Approval (the “FINRA Notice”).

• The FINRA Approval shall have been obtained and be in full force and effect.

• The FINRA Approval shall have been obtained and shall not have been withdrawn; provided, however, that this condition shall not apply if Apollo has exercised its right under the second sentence of Section 5.2(i).

• No later than fifteen (15) business days following receipt of the FINRA Approval or waiver by the Buyer of such condition, the Buyer will pay the Seller the Second Closing Purchase Price for the purchase of the Second Closing Shares, subject to any adjustments contained in this Section 1.2, and the Seller shall sell such Second Closing Shares free and clear of all Liens (the “Second Closing Date”).

More Definitions of FINRA Approval

FINRA Approval means the written approval from FINRA pursuant to NASD Rule 1017 (or such other applicable rule promulgated by FINRA) in connection with the Merger.

FINRA Approval means the decision of FINRA granting approval of the FINRA Consent Application with respect to the transactions contemplated by this Agreement and the change of ownership of the Broker-Dealer.

FINRA Approval means the decision of FINRA either (i) pursuant to a materiality consultation with FINRA, not objecting to the transactions contemplated by this Agreement and the change of ownership of the Company Broker-Dealer Subsidiary; or (ii) as specified in FINRA Rule 1017, granting approval of the Continuing Membership Application with respect to the transactions contemplated by this Agreement and the change of ownership of the Company Broker-Dealer Subsidiary.

FINRA Approval will mean a written confirmation from FINRA that it has approved the change in equity ownership or control of the Company as requested pursuant to the FINRA Application, subject to such membership conditions, business limitations, and other restrictions as it may deem appropriate.

FINRA Approval has the meaning specified in Section 4.6(a).

FINRA Approval shall have the meaning set forth in Section 3.05(a).

FINRA Approval means the approval by FINRA of the 1017 Application.