CCI Approval definition

CCI Approval means the approval of the Competition Commission of India under the Competition Act, 2002, required for the consummation of the Underlying Transaction (as defined below) and Open Offer;

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CCI Approval means the approval from the CCI, under the Competition Act, 2002 and the rules thereunder, for the Scheme which provides inter alia for the Amalgamation.

CCI Approval means the approval granted by the CCI to the Amalgamation in accordance with the provisions of the Competition Act, 2002, and the relevant rules and regulations thereunder;

Examples of CCI Approval in a sentence

The applicable filing fee and economists’ costs (if any) in respect of the CCI Approval required under Clause 3.1(a) shall be shared equally among Purchaser on one hand and TTSL, TSL, IDFCPE III, MSIPL and SMIT on the other hand.
All filings with the CCI required to be made by Purchaser in connection with the Share Issuance shall have been made and CCI Approval shall have been obtained and shall be in full force and effect, and any waiting period (and extensions thereof) applicable to the Share Issuance under any applicable antitrust or competition law, regulation or other Legal Requirement in India shall have expired or been terminated.
The Sanmina Parties and the Company shall provide all assistance, relevant information and documentation required by the Investor and/or its advisors in order to make the application for the CCI Approval.
Unless otherwise agreed to by the Parties and subject to (a) the Investor verifying the fulfilment of the Company Conditions Precedent to its sole satisfaction; and (b) receipt of the CCI Approval, the actions listed in Clause 4.1, Clause 4.2, Clause 4.3.1 and Clause 4.3.2 (“Closing”) shall occur on or before the 10th (tenth) Business Day following receipt of the Company CP Confirmation or the CCI Approval Date (as defined in Clause 3.1.2), whichever is later (“Closing Date”).
It is clarified that, the requirement to seek CCI Approval in the manner set out in Clause 3.1.2 above shall not be capable of being waived by any of the Parties.

More Definitions of CCI Approval

CCI Approval means the Competition Commission of India having, in respect of the Underlying Transaction and the Open Offer, either (a) declined jurisdiction; or (b) issued or deemed to have issued an order approving the Underlying Transaction and the Open Offer under Section 31 of the Competition Act, 2002;

CCI Approval means the receipt of an approval letter under sub-regulation (5) of Regulation 28 of the CCI Regulations with respect to the Secondary Share Purchase and the Share Issuance.

CCI Approval means the Competition Commission of India having either: (a) declined jurisdiction; or (b) issued an order approving the Underlying Transaction and the Open Offer under Section 31 of the Competition Act, 2002, on terms set out in SSA;

CCI Approval has the meaning assigned to such term in Section 6.3(a). “CCI Regulations” means the Competition Act 2002 read with The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011. “Charter Documents” has the meaning assigned to such term in Section 2.2. “Claimed Amount” has the meaning assigned to such term in Section 9.5(a). “Closing” has the meaning assigned to such term in Section 1.2. “Closing Date” has the meaning assigned to such term in Section 1.2. “Closing Debt Amount” means the amount (denominated in dollars and determined using the Specified Exchange Rate, as applicable), if any, by which (a) the aggregate amount of Company Indebtedness (on a consolidated basis) as of the Closing, other than Company Indebtedness for borrowed money incurred for working capital purposes and secured by cash or inventory of the Acquired Companies, exceeds (b) $5,000,000. For clarity, if the aggregate amount of the Company Indebtedness referred to in clause “(a)” is less than or equal to $5,000,000, then the Closing Debt Amount shall be zero. “Code” means the U.S. Internal Revenue Code of 1986, as amended. All references to the Code, the Treasury Regulations or other governmental pronouncements shall be deemed to include references to any applicable successor regulations or amending pronouncement. “Code of Conduct” means the Company internal policy titled “Code of Conduct” dated July 2017. “Company” has the meaning assigned to such term in the Preamble to the Agreement. “Company Benefit Plan” means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, bonus, commission, incentive, change in control or transaction-based, or retention payments, share or share-related awards, fringe benefits, vacation, sick leave, education or tuition benefits, relocation or moving benefits, retirement, supplemental retirement, pension, or profit sharing benefits, health, medical, dental, vision, life insurance, accidental death or dismemberment, disability or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, that is or has been maintained, contributed to, or required to be contributed to, by an Acquired Company for the benefit of any Company Employee, or with respect to which any Acquired Company has or may have any Liability, except such defini...

CCI Approval has the meaning given to the term in Clause 4.4.4(ii);

CCI Approval means the Competition Commission of India having either: (a) declined jurisdiction; or (b) issued an order approving the Underlying Transaction (as defined below) and the Open Offer under Section 31 of the Competition Act, 2002, on terms set out in SSA (as defined below);

CCI Approval means, pursuant to the provisions of the Competition Act: