PRC Approval definition
Examples of PRC Approval in a sentence
Beijing Municipal Government August 21, 2006 The PRC Approval Certificate for Foreign Invested Enterprise in relation to the duly incorporation of PRC Subsidiary was issued, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇.
Except as disclosed on Section 3.3(a) of the London Disclosure Letter, (i) there are no outstanding amounts of the registered capital of London PRC Sub not yet contributed and (ii) there has not been any recoupment of investment out of, or reduction of the registered capital in, London PRC Sub since its establishment, nor has any application been made to the PRC Approval Authority or other PRC Governmental Bodies for such a recoupment or reduction.
No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any Governmental Authority on the part of Purchaser is required in connection with the consummation of the transactions contemplated by this Agreement, except for the PRC Approval.
Parent and Purchaser shall, as promptly following the date hereof (but in any event within seven (7) Business Days), file all documentation necessary to be filed with MOFCOM or any other Governmental Authority in connection with the PRC Approval, and Parent and Purchaser shall take all actions required by law and otherwise reasonably necessary to obtain the PRC Approval as promptly as practicable.
Novartis may terminate this Agreement effective immediately where any Required PRC Approval which is necessary for the Development, Manufacture, or Commercialization of the Product for DLBCL is not obtained by the applicable Party(ies) within eighteen (18) months after the Effective Date.