Required Statutory Approvals definition

Required Statutory Approvals shall have the meaning set forth in Section 3.4.

Required Statutory Approvals means: (i) an approval in writing granted by the Competition Commission of India under the Competition Act, 2002 to the Acquirer for consummation of the Transaction (as defined below); (ii) an approval in writing granted by the Reserve Bank of India (“RBI”) in relation to the change of control of Escorts Finance Limited; and (iii) an approval in writing granted by the Securities and Exchange Board of India and the relevant stock exchanges for the indirect change in control of Escorts Securities Limited (an unlisted company) (if applicable);

Required Statutory Approvals means, collectively, (a) any filings by Parent and Company required by the HSR Act, and any filings and approvals required under applicable domestic or foreign antitrust or competition laws or regulations and, if applicable, the expiration or termination of any applicable waiting periods under the HSR Act and any other antitrust or competition laws or regulations and (b) the filing of the Articles of Merger with the Secretary of the Commonwealth of Massachusetts in connection with the Merger.

Examples of Required Statutory Approvals in a sentence

• Each party hereto shall cooperate and use its best efforts to promptly prepare and file all necessary documentation, to effect all necessary applications, notices, petitions, filings and other documents, and to use all commercially reasonable efforts to obtain all necessary permits, consents, approvals and authorizations of all Governmental Authorities necessary or advisable to obtain the KCPL Required Statutory Approvals and the Western Resources Required Statutory Approvals.

• KCPL shall be reasonably satisfied that any Final Order issued by FERC with respect to the KCPL Required Statutory Approvals and the Western Resources Required Statutory Approvals shall not impose terms or conditions which, individually or in the aggregate, would have, or insofar as reasonably can be foreseen, are likely to have a material adverse effect on the business, assets, financial condition or results of operations of the Surviving Corporation.

• The Company has all requisite corporate power and authority to enter into this Agreement and, subject to obtaining the Company Shareholders' Approval (as defined in Section 4.13) and the Company Required Statutory Approvals (as defined in Section 4.4(c)), to consummate the transactions contemplated hereby.

• Parent has all requisite corporate power and authority to enter into this Agreement and, subject to the applicable Parent Required Statutory Approvals (as defined in Section 5.4(c)), to consummate the transactions contemplated hereby.

• IES has all requisite corporate power and authority to enter into this Agreement and the IES/WPL and IES/Interstate Stock Option Agreements, and, subject to the applicable IES Shareholders' Approval (as hereinafter defined) and the applicable IES Required Statutory Approvals (as hereinafter defined), to consummate the transactions contemplated hereby or thereby.

More Definitions of Required Statutory Approvals

Required Statutory Approvals means approval from the Competition Commission of India under the Competition Act, 2002, for consummation of the Transaction (as defined below);

Required Statutory Approvals means the CCI Approval, the RBI Approval and/or the SEC Exemption.

Required Statutory Approvals means: (i) the necessary waivers, consents, approvals, Governmental Orders, authorisations or clearances for the Proposed Transaction (as applicable) from any Competition Authority with respect to Anti-Trust Laws of the following jurisdictions having been obtained or made by either the Acquirer or the Acquirer jointly with the Sellers (as applicable), and in each case all statutory waiting periods under such Anti-Trust Laws or mandatory waiting periods imposed by the Competition Authorities having expired or been terminated: (a) Albania; (b) Colombia; (c) Cyprus; (d) Ireland; (e) Kuwait; (f) Morocco; (g) Nigeria; (h) Saudi Arabia; and

Required Statutory Approvals means: (i) an approval in writing granted by the Competition Commission of India to the Acquirer for consummation of the Transaction (defined below); (ii) grant of no-action relief and/ or exemptions in order to allow the Open Offer to be made to U.S. holders of Equity Shares and to allow U.S. holders to tender their Equity Shares in the Open Offer without breaching the applicable law and regulations under the Securities Exchange Act of 1934 (as amended) by the U.S. Securities and Exchange Commission; (iii) the expiry or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; and (iv) approval under the rules and regulations issued under the Foreign Exchange Management Act, 1999 (including the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019) (if applicable);

Required Statutory Approvals means (i) approval of the Competition Commission of India under the Competition Act, 2002 required for the consummation of the Transaction; and (ii) requisite approval from the shareholders of the Seller under applicable provisions of Thai law;

Required Statutory Approvals means the Seller Required Statutory Approvals, Company Required Statutory Approvals and Purchaser Required Statutory Approvals, to the extent relating to filings, waivers, approvals, consents, authorizations and notices required to be made with, obtained from or provided to a Governmental Entity prior to the Closing.

Required Statutory Approvals means the consents, filings and approvals listed on Schedule 7.1(b) and, with respect to the HSR Act, the expiration or termination of any applicable waiting period.