OIO Approval Sample Clauses

The OIO Approval clause requires that a transaction or agreement is contingent upon obtaining approval from the Overseas Investment Office (OIO), a regulatory body that oversees foreign investment in certain assets or land. In practice, this means that the parties cannot complete the transaction until the OIO has reviewed and granted the necessary consent, which may involve submitting detailed applications and waiting for a formal decision. This clause ensures compliance with legal requirements for foreign investment and protects the parties from proceeding with a transaction that could later be invalidated due to lack of regulatory approval.
OIO Approval. Canadian Parent agrees to take all actions reasonably required to obtain and maintain in full force and effect all OIO Approvals currently in place as of the date of this Agreement and any other OIO Approvals or equivalent approvals from any Governmental Authority having jurisdiction over the Company, its Affiliates, Canadian Parent, TIPIH or U.S. Holdings, required for the consummation of the redemption of any Class C Units pursuant to Schedule B, and any corresponding issuance of Class B Units to TIPIH in respect of the same (it being acknowledged that a holder of Class C Units may need to obtain his or its own approvals as well, and in addition shall cooperate at all times with Canadian Parent and the Company in seeking to obtain and maintain any and all such approvals in force).
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OIO Approval. Before 5.00pm on the Business Day before the Implementation Date, Fairfax has received in writing all consents required under the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and the Overseas Investment Regulations 2005 for the implementation of the Scheme, or any similar approvals as required in any other jurisdiction where the Tower Group operates, on terms that are acceptable to Fairfax acting reasonably. Tower represents and warrants that it does not own or control any “sensitive land” under the Overseas Investment Act.
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Related to OIO Approval

  • No Approval No approval of any third party including, but not limited to, any governmental authority is required in connection with the consummation of the transactions set forth in this Agreement.

  • Approval This Agreement shall not be binding until it has been approved by the Committee during a duly noticed Committee meeting.

  • NASDAQ Approval The Company shall have filed with Nasdaq a Notification Form: Listing of Additional Shares for the listing of the Shares.

  • FCC Approval Notwithstanding anything to the contrary contained in this Agreement or in the other Loan Documents, neither the Administrative Agent nor any Lender will take any action pursuant to this Agreement or any of the other Loan Documents, which would constitute or result in a change in control of the Borrower or any of its Subsidiaries requiring the prior approval of the FCC without first obtaining such prior approval of the FCC. After the occurrence of an Event of Default, the Borrower shall take or cause to be taken any action which the Administrative Agent may reasonably request in order to obtain from the FCC such approval as may be necessary to enable the Administrative Agent to exercise and enjoy the full rights and benefits granted to the Administrative Agent, for the benefit of the Lenders by this Agreement or any of the other Loan Documents, including, at the Borrower’s cost and expense, the use of the Borrower’s best efforts to assist in obtaining such approval for any action or transaction contemplated by this Agreement or any of the other Loan Documents for which such approval is required by Law.

  • No Approvals No consent or authorization of, filing with, notice to or other act by, or in respect of, any Governmental Authority or any other Person is required in order for the Borrower to execute, deliver, or perform any of its obligations under this Note.