Certificate Authorizing Registration definition

Certificate Authorizing Registration means clearance issued by the Tax Authority in the Philippines confirming that all applicable Taxes have been paid that allows the transfer of the Shares;
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Examples of Certificate Authorizing Registration in a sentence

  • The Seller shall use all commercially reasonable efforts to obtain the Certificate Authorizing Registration (“CAR”) issued by the BIR expressly authorizing the Corporate Secretary of the Company to effect in its corporate books the transfer of the Shares under the name of the Seller to the Purchaser as soon as practicable following the date hereof; provided, however, that the parties hereby acknowledge that such CAR may not be issued by the BIR prior to the Closing Date.

  • Seller shall secure the Certificate Authorizing Registration of the transfer of the Shares and the tax clearance from the Bureau of Internal Revenue and deliver the same to Buyer immediately upon issuance by the Bureau of Internal Revenue.

  • The Seller hereby authorizes the Corporate Secretary of the Corporation to effect the transfer of the shares to the Buyer in the books of the Corporation, subject to the issuance of the Certificate Authorizing Registration (“CAR”) from the Bureau of Internal Revenue (“BIR”).

  • SMC shall obtain and provide to the Purchaser the Certificate Authorizing Registration (CAR) from the Bureau of Internal Revenue (BIR) authorizing the transfer to The Coca-Cola Company or its Affiliate of all the shares of Beverages Far East Inc (BFEI).

Related to Certificate Authorizing Registration

  • Class A-SB Certificate Any one of the Certificates with a “Class A-SB” designation on the face thereof, substantially in the form of Exhibit A-1 attached hereto, and evidencing a portion of a class of “regular interests” in REMIC III for purposes of the REMIC Provisions.

  • Class A-8 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-8 and Exhibit C hereto.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Class A-S Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-8 hereto.

  • Class A-2C Certificate Any Certificate designated as a "Class A-2C Certificate" on the face thereof, in the form of Exhibit A hereto, representing the right to distributions as set forth herein.