ODI Approval definition
ODI Approval means the outbound direct investment approval from the PRC National Development and Reform Commission or its local agency and/or from the PRC Ministry of Commerce or its local agency and/or from the PRC State Administration of Foreign Exchange or its local agency, required to be obtained by the Purchaser for its purchase of the Sale Shares.
ODI Approval means the outbound direct investment approval from the PRC National Development and Reform Commission or its local agency and/or from the PRC Ministry of Commerce or its local agency and/or from the PRC State Administration of Foreign Exchange or its local agency, required to be obtained by the Purchaser(s) for their purchase of the Sale Shares.
ODI Approval means, in connection with the transactions contemplated by this Agreement, the approvals from the competent PRC Governmental Authorities (including the PRC National Development and Reform Commission or its local counterpart, the PRC Ministry of Commerce or its local counterpart, the State Administration of Foreign Exchange or its local counterpart, and the related foreign exchange bank), which are required under PRC Laws with respect to the overseas investment by an enterprise registered within the territory of the PRC.
Examples of ODI Approval in a sentence
The Purchaser shall have duly obtained the ODI Approval and documentation evidencing the same shall have delivered to the Company to its satisfaction.
Each party shall use his or its commercially reasonable efforts (without incurring any cost by such party) to cooperate with each Investor Member in connection with such Investor Member’s application for any ODI Approval required for its consummation of the transactions contemplated by this Agreement, the Merger Agreement and the other agreements entered into in connection therewith.
This Agreement and the rights and obligations herein may not be assigned by any party without the written consent of the other parties, except that the CIIF Investor shall be entitled, upon or prior to the Closing Date and without consent of the other parties, to assign all (but not part) of its rights and obligations under this Agreement to its wholly owned subsidiary identified in the ODI Approval.
It is understood that the Buyer intends to obtain all ODI Approvals before the date on which the Third Tranche Consideration is due and payable hereunder; provided that the Buyer Parties’ obligations under this Section 2.7(b) is not conditioned on the receipt of any ODI Approval.
All ODI Approval in connection with the consummation of the transactions contemplated by this Agreement shall have been duly completed and obtained by the Purchaser as of the Closing, and the evidence of the aforesaid ODI Approval shall be delivered to the Company.
More Definitions of ODI Approval
ODI Approval means the registrations, approvals and filings with competent Governmental Authorities in PRC in relation to outbound direct investment of enterprises.
ODI Approval has the meaning set forth in the Convertible Loan Agreement.
ODI Approval means outbound direct investment and foreign exchange approvals from the applicable PRC governmental authorities (i.e., (i) the National Development and Reform Commission of the PRC or its competent local counterparts, (ii) the Ministry of Commerce of the PRC or its competent local counterparts, and (iii) SAFE or its competent local counterparts, including the banks designated thereof) in connection with investments by (a) Tianjin Kangyue Business Management Partnership (Limited Partnership) 天津康悦企业管理合伙企业（有限合伙）, (b) CCB (Beijing) Investment Fund Management Co., Ltd. 建信（北京）投资基金管理有限责任公司 and (c) W▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Investment Partnership (Limited Partnership) 无锡惠宏赢康投资合伙企业（有限合伙） (such entities in the foregoing clauses (a) through (c), the “ODI Sponsors”) in Parent and participation of the Transaction, to the extent necessary and applicable.
ODI Approval means all consents, approvals, or registrations, qualifications, or filings by or with any Governmental Authority or any third party that are required to be obtained by the RMB Investors to make investment in a foreign entity, including but not limited to (i) filing or approval by the National Development and Reform Commission or its local counterparts and filing or approval by the Ministry of Commerce or its local counterparts, and (ii) foreign exchange registration at an authorized bank; (iii) consent by an authorized bank with sufficient swap lines.
ODI Approval means any applicable PRC regulatory approvals for consummation of the transactions as contemplated under the Hanfor Option Agreement and the Hanfor Supplementary Agreement;
ODI Approval means, if applicable and required by the Legal Requirements, all consents, approvals, registrations, reports, qualifications, or filings by or with any PRC Governmental Authority or an authorized bank that are required to be obtained by Purchaser Parent or Purchaser in relation to its outbound direct investment in and acquisition of the Company, including (i) filing or approval by, or report to the National Development and Reform Commission or its local counterparts and filing or approval by, or report to the Ministry of Commerce or its local counterparts; and (ii) foreign exchange registration at an authorized bank.
ODI Approval means the outbound direct investment approval from the PRC National Development and Reform Commission or its local agency and/or from the PRC Ministry of Commerce or its local agency and/or from the PRC State Administration of Foreign Exchange or its local agency, required to be obtained by the Purchaser for its purchase of the Sale Shares. "Philippines Security Documents" has the meaning ascribed to it in paragraph (c) of Schedule 2. "Procurement Agency Agreement" means the procurement agency agreement in the agreed form to be entered into between MSTL (or its Affiliate) and TZE (or its Affiliate) pursuant to which TZE (or its Affiliate) will purchase certain target assets from MSTL (or its Affiliates) under the terms thereof. "Purchaser Closing Deliverables" has the meaning ascribed to it in paragraph 2.1 of Schedule 3. "Purchaser's Group Companies" and "Purchaser's Group" means the Purchaser and its subsidiaries and "Purchaser's Group Company" means any one of them. "Purchaser Warranties" means the representations and warranties on the part of the Purchaser specified in Schedule 5. "Max 7 Technology" means interdigitated or all back contact solar cell technology that utilizes a “Hybrid 3” solar cell architecture. The “Hybrid 3” solar cell architecture utilizes a first emitter formed by a polysilicon tunnel oxide contact on a wafer and a second emitter formed by a diffusion region in the surface of the wafer. Examples of this technology are described in U.S. Patent Nos. 9,312,406 and 10,629,758. "Max 8 Technology" means next-generation interdigitated or all back contact solar cell technology that utilizes a “Poly-in-the-Dot” solar cell architecture and “Direct Aluminum Metallization” solar cells. The “Poly-in-the-Dot” solar cell architecture utilizes a combination of p and n polysilicon tunnel oxide contacts, where the p and n contacts are separated by a trench, and the trench surrounds one of the p and n contacts. An example of this technology is described in U.S. Patent No. 12,074,234. “Direct Aluminum Metallization” solar cells utilize aluminum applied as an electrical contact directly to the silicon substrate or contacts without the use of a solder or seed layer. Examples of this technology are described in U.S. Patent Nos. 11,362,220 and 10,923,616. "Net Intercompany Balances" means any net intercompany balances which remain owing to the Group by the Vendor as at the Completion Date (including in respect of interest, fees, costs and other amounts ow...