ODI Approvals definition
ODI Approvals 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 Series G RMB Investors to make investment in a foreign entity, including but not limited to (1) (x) 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, or (y) filing with the Management Committee in the Free Trade Zone in Shanghai (as the case may be); (2) foreign exchange registeration at an authorized bank; (3) consent by an authorized bank with sufficient swap lines.
ODI Approvals means governmental approvals, filings and registration for conducting overseas investment in accordance with the applicable laws in the PRC, including but not limited to the filing or approval for outbound investment project required by the PRC Development and Reform Department or its local authority, the filing or approval for outbound investment required by the PRC Ministry of Commerce or its local authority, the foreign exchange registration with respect to the outbound investment required by the foreign exchange authority.
ODI Approvals means the applicable consents, waivers, permits, approvals, notice, orders, licenses, authorizations, registrations, qualifications, designations, declarations or filings with respect to outbound direct investment from competent Governmental Authorities of the PRC (including the National Development and Reform Commission of the PRC, the Ministry of Commerce of the PRC, the State Administration of Foreign Exchange of the PRC or their applicable local counterparts and authorized agencies) in respect of and/or for the purpose of the transactions contemplated under this Agreement (including the equity funding by or to an Investor by its shareholders or beneficial owners).
Examples of ODI Approvals in a sentence
However, the Purchaser shall not be deemed to have breached this Agreement if it is unable to perform its obligation to purchase the Purchased Shares pursuant to this Agreement due to failure to obtain necessary ODI Approvals.
The Investor shall have obtained all approvals, filings or registrations from the Governmental or Regulatory Authority (including but not limited to the ODI Approvals) in relation to the transaction contemplated hereunder.
For avoidance of doubt, where the Holder or the Permitted Transferee is not required by the Governmental Authority in the PRC to obtain ODI Approvals before investment into the Company, this condition precedent shall not apply to such Holder or the Permitted Transferee.
If, upon the expiration of six (6) months from the date when the WFOE has received such Onshore Deposit, the Investor fails to obtain the ODI Approvals as set forth in Section 5(h) and Section 6(d), the Investor may notify the Company and the WFOE of such situation in writing.
All of the ODI Approvals shall have been duly obtained and completed.
More Definitions of ODI Approvals
ODI Approvals means (i) the receipt of Project Registration Notice (《项目备案通知书》) (or any equivalent document as amended/renamed) issued by NDRC, (ii) the receipt of Enterprise Overseas Direct Investment Certificate (《企业境外投资证书》) (or any equivalent document as amended/renamed) issued by MOFCOM and (iii) (A) the completion of the registration with a PRC bank designated by SAFE and the receipt of the Business Registration Certificate (《业务登记凭证》) (or any equivalent document as amended/renamed) authorizing the conversion of an amount of RMB into US$and the remittance of such amount out of the PRC, or (C) to the extent permitted by the PRC Law, other official certifications or evidence that are reasonably satisfactory to the Company, authorizing or achieving the result of the payment of the aforesaid RMB amount in US$.
ODI Approvals means all the necessary approvals of, and registrations and filings with, the applicable Governmental Authorities of the People’s Republic of China, in connection with the outbound direct investment by the Purchaser in the Company contemplated by this Agreement and related currency exchange from Chinese renminbi into the United States dollars.
ODI Approvals means all consents and approvals of relevant Governmental Authorities in respect of the ODI Filings for the purchase of the Shares.
ODI Approvals means (i) the receipt of Project Registration Notice (《项目备案通知书》) (or any equivalent document as amended/renamed) issued by NDRC, (ii) the receipt of Enterprise Overseas Direct Investment Certificate (《企业境外投资证书》) (or any equivalent document as amended/renamed) issued by MOFCOM and (iii) (A) the completion of the registration with a PRC bank designated by SAFE and the receipt of the Business Registration Certificate (《业务登记凭证》) (or any equivalent document as amended/renamed) authorizing the conversion of an amount of RMB into US dollars equal to relevant amount of the purchase price of each applicable Investor and the remittance of such purchase price out of the PRC, or (B) to the extent permitted by the PRC Laws, other applicable documents allowing or achieving the result of the due payment of such purchase price in US dollars.
ODI Approvals means the examination, approval and/or recordal procedures required by the relevant PRC governmental authorities with respect to the overseas investment by an enterprise established under the laws of the PRC, including without limitation approvals from competent authorities in charge of the overseas investment by PRC entities and the registrations with competent Ministry of Commerce of the People’s Republic of China, National Development and Reform Commission and State Administration of Foreign Exchange office (if applicable).
ODI Approvals means, with respect to a Person, a filing receipt issued by the competent local branch of the National Development and Reform Committee of the PRC, an overseas investment certificate issued by the competent local branch of the Ministry of Commerce of the PRC, a foreign exchange registration receipt stamped by a competent bank as designated by the State Administration of Foreign Exchange or its competent local branch in the PRC, in each case with respect to the overseas direct investment to be made by such Person.
ODI Approvals means all of the consents, approvals, authorizations or registrations, qualifications, or filings with any governmental authority in the PRC required in connection with the investment of the Series C Investor into the Company, including without limitation the approvals from, and filings and registrations with competent branches of the national development and reform commission, the ministry of commerce, the state administration of foreign exchange, as well as other competent PRC governmental authorities with jurisdiction of the outbound direct investment by PRC entities.