Required Statutory Approvals definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Required Statutory Approvals means, (a) collectively, the filings by the Purchaser and the Company required by the HSR Act, and any filings and approvals required under applicable domestic or foreign antitrust or competition Laws, if any, and expiration or termination of any applicable waiting periods under the HSR Act and any other antitrust or competition Law, and (b) the notice required to be provided to the Defense Security Service in connection with the Company’s security clearances.

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).

Examples of Required Statutory Approvals in a sentence

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.
All waiting periods (and any extensions thereof) applicable to the Merger under the HSR Act shall have been terminated or shall have expired and the Required Statutory Approvals shall have been obtained at or prior to the Effective Time (the termination or expiration of such waiting periods and extensions thereof, together with the obtaining of the Required Statutory Approvals, the “Regulatory Approvals”).
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.
The Company has all requisite corporate power and authority (including approval of the Company's Board of Directors) to enter into this Agreement, to perform its obligations hereunder and, subject to obtaining the Company Stockholders' Approval (as defined in Section 4.14) and the Company Required Statutory Approvals (as defined in Section 4.4(c)), to consummate the transactions contemplated hereby.

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: (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 the CCI Approval, the RBI Approval and/or the SEC Exemption.

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) the necessary waivers, consents, approvals, governmental orders, authorisations or clearances for the Transaction (as defined below) from any competition authority with respect to the anti-trust laws of the following jurisdictions having been obtained or made, as applicable, and all statutory waiting periods under such anti-trust laws or waiting periods imposed by the competition authority having expired or been terminated: (a) Albania; (b) Colombia; (c) Cyprus; (d) Ireland; (e) Kuwait; (f) Morocco; (g) Nigeria; (h) Saudi

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.

Required Statutory Approvals means collectively, approval from the: (i) Competition Commission of India under Section 31 of the Indian Competition Act, 2002; and (ii) Competition Authority of Kenya under the Kenyan Competition Act (12 of 2010), in each case for the Underlying Transaction and the Promoter Agreement;