NSI Act definition
Examples of NSI Act in a sentence
No Original Obligor has made, or been the subject of, a "notifiable acquisition" for the purposes of the NSI Act or entered into or been the subject of any other transaction that could reasonably be expected to be subject to review under the NSI Act, save where any required consent of the Secretary of State or any other person has been obtained and all applicable provisions of the NSI Act have otherwise been complied with.
No Obligor may make a notifiable acquisition for the purposes of the NSI Act, or enter into any other transaction that could reasonably be expected to be subject to review under the NSI Act, unless the Secretary of State has approved that notifiable acquisition or other transaction (as the case may be) in accordance with the NSI Act by giving notice that no further action will be taken under the NSI Act in relation to it.
The Conditions include the receipt of a regulatory approval from the Secretary of State pursuant to the NSI Act as further described in this Announcement.
Where the Parties consider this Agreement meets the criteria for a notifiable acquisition under the NSI Act, they will agree which Party is appropriate to make the voluntary submission, with both Parties assisting each other to ensure compliance and complete the submission if either party wants to make a notification.
The Parties agree to abide by the mandatory reporting requirements if it is considered this Agreement is a qualifying acquisition, with the acquirer as defined in the NS&I Act taking responsibility for making the notification.