Common use of Approvals of Governmental Authorities Clause in Contracts

Approvals of Governmental Authorities. (a) All consents and approvals of Governmental Authorities required for the consummation of the transactions contemplated hereby or by the Ancillary Agreements, including the Seller Approvals and the Purchaser Approvals, shall have become Final Orders (other than the ACC Order, which must meet the conditions of Section 8.7(b) rather than becoming a Final Order, and approval under the HSR Act, which may be obtained by the expiration or early termination of the initial waiting period and shall not be required to be or become a Final Order) with such terms and conditions as shall have been imposed by the Governmental Authority issuing such Final Order, and such terms or conditions in the aggregate, could not reasonably be expected to have a material adverse effect on the Business, the Purchased Assets, or the business, assets, operations or condition (financial or otherwise) of Purchaser; provided, however, that this Section 8.7(a) is not int ended to expand the scope of the conditions described in Section 8.7(b).

Appears in 1 contract

Samples: Asset Purchase Agreement (PPL Electric Utilities Corp)

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Approvals of Governmental Authorities. (a) All consents and approvals of Governmental Authorities required for the consummation of the transactions contemplated hereby or by the Ancillary Agreements, including the Seller Approvals and the Purchaser Approvals, shall have become Final Orders (other than the ACC Order, which must meet the conditions of Section SECTION 8.7(b) rather than becoming a Final Order, and approval under the HSR Act, which may be obtained by the expiration or early termination of the initial waiting period and shall not be required to be or become a Final Order) with such terms and conditions as shall have been imposed by the Governmental Authority issuing such Final Orderorder, and such terms or conditions conditions, in the aggregate, could not reasonably be expected to have a material adverse effect on the Business, the Purchased Assets, or the business, assets, operations or condition (financial or otherwise) of Purchaser; provided, however, that this Section 8.7(a) is not int ended to expand the scope of the conditions described in Section 8.7(b)Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pinnacle West Capital Corp)

Approvals of Governmental Authorities. (a) All consents and approvals of Governmental Authorities required for the consummation of the transactions contemplated hereby or by the Ancillary Agreements, including the Seller Approvals and the Purchaser Approvals, shall have become Final Orders (other than the ACC Order, which must meet the conditions of Section 8.7(b) rather than becoming a Final Order, and approval under the HSR Act, which may be obtained by the expiration or early termination of the initial waiting period and shall not be required to be or become a Final Order) with such terms and conditions as shall have been imposed by the Governmental Authority issuing such Final Orderorder, and such terms or conditions conditions, in the aggregate, could not reasonably be expected to have a material adverse effect on the Business, the Purchased Assets, or the business, assets, operations or condition (financial or otherwise) of Purchaser; provided, however, that this Section 8.7(a) is not int ended to expand the scope of the conditions described in Section 8.7(b)Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (PPL Electric Utilities Corp)

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Approvals of Governmental Authorities. (a) All consents and approvals of Governmental Authorities required for the consummation of the transactions contemplated hereby or by the Ancillary Agreements, including the Seller Approvals and the Purchaser Approvals, shall have become Final Orders (other than the ACC Order, which must meet the conditions of Section SECTION 8.7(b) rather than becoming a Final Order, and approval under the HSR Act, which may be obtained by the expiration or early termination of the initial waiting period and shall not be required to be or become a Final Order) with such terms and conditions as shall have been imposed by the Governmental Authority issuing such Final Order, and such terms or conditions in the aggregate, could not reasonably be expected to have a material adverse effect on the Business, the Purchased Assets, or the business, assets, operations or condition (financial or otherwise) of Purchaser; provided, however, that this Section SECTION 8.7(a) is not int ended intended to expand the scope of the conditions described in Section SECTION 8.7(b).

Appears in 1 contract

Samples: Asset Purchase Agreement (Pinnacle West Capital Corp)

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