Exchange Control Approval definition

Exchange Control Approval means the permission of the Bermuda Monetary Authority under the Exchange Control Act 1972 (and regulations made thereunder) for the issue and transfer of the Company’s shares dated 7 July, 2000, as referred to in the Secretary’s Certificate;
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Exchange Control Approval means the approval by the Financial Surveillance Department of the South African Reserve Bank, as may be required in terms of the Exchange Control Regulations (issued in terms of the Currency and Exchanges Act 9 of 1933) for any of the transactions contemplated in this Agreement.
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Exchange Control Approval has the meaning set forth in Section 7.01(h).
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Examples of Exchange Control Approval in a sentence

  • Exchange Control Approval Applicants who intend to conduct international money transmission business (i.e. cross border transactions) must obtain exchange control approval to deal in foreign currency and, where necessary, to operate a foreign currency account with a commercial bank.

  • Copies of other supporting documents If the Competent Officer finds that the request or documents submitted by me is inaccurate or incomplete, the competent officer has my consent to notify me of a request revision and additional documents to be submitted via email through the Exchange Control Approval and Reporting System (ECARS).

  • As previously advised, Section 11 Approval, Competition Approval (local and foreign) and Exchange Control Approval have been received.

  • Bill of entry (SAD500), SARS release notification, Customs worksheet, Bill of Lading or Airway Bill and approved Exchange Control Approval (EXCON).

  • The differ- ence between the inside cross-sectional dimensions of overlapping sections of duct shall not exceed 1/4 inch (6 mm).

  • However, Exchange Control Approval will be required if the Non-Resident Nominee wants to take the contents of the locker out of India, upon the death of locker holder.

  • Xxxx of entry (SAD500), SARS release notification, Customs worksheet, Xxxx of Lading or Airway Xxxx and approved Exchange Control Approval (EXCON).

  • Should all the papers be in order the approval may be obtained in approximately two (2) weeks’ time.Once the joint venture company has obtained an Investment License, Exchange Control Approval and the necessary approvals from the Minister of Youth Development, Indigeni- sation and Economic Empowerment, the company can commence operations.It must be noted that the joint venture company will also require sector specific permits.

  • What tools will the agency use to evaluate performance?‌‌SCOPE OF WORK EXAMPLE‌‌‌‌ Provider Name: Second Chances, Inc.

  • Copy of list of shareholders (BorOrJor 5) of the requester and group companies If the Competent Officer finds that the request or documents submitted by me is inaccurate or incomplete, the competent officer has my consent to notify me of a request revision and additional documents to be submitted via email through the Exchange Control Approval and Reporting System (ECARS).


More Definitions of Exchange Control Approval

Exchange Control Approval means any approval that [a party resident in South Africa] may be required to obtain pursuant to the Exchange Control Regulations, 1961 (the “Exchange Control Regulations”), published under the Currency and Exchanges Act, 9 of 1933, from the exchange control department of the South African Reserve Bank, or from any authorised dealer 2 If the GMRA 1995 is used, these references should be to paragraphs 10(a)(ix), 10(a)(x), 10(a)(xi) and 10(a)(xii).
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Exchange Control Approval means (i) the letter application (reference 6289DD 2014-07-14; 0380500), dated 14 July 2014, to the Exchange Control Authorities by Standard Bank (as the Issuer's "authorised dealer" for purposes of the Exchange Control Regulations) requesting the approval of the Exchange Control Authorities for the "proposed inward listing of the notes on the JSE up to an aggregate outstanding notional amount of ZAR10 billion", as read with (ii) the letter (application number 6289), dated 14 July 2014, from the Exchange Control Authorities to Standard Bank (as the Issuer's "authorised dealer" for purposes of the Exchange Control Regulations), referring to the letter application described in sub- paragraph (i), and advising that "we are, from a Financial Surveillance Department point of view and in principle, agreeable to Macquarie Bank Limited ("MBL") inward listing Notes on the JSE Limited ("JSE")" and requiring that "we ... be approached on a case by case basis for each Note to be issued on the JSE providing full details on the type of Note to be listed with a clear indication whether the reference asset is domestic or foreign, the value thereof, the indicative terms as well as the applicable pricing supplement";
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Exchange Control Approval means in relation to any Obligor incorporated in The Republic of South Africa a valid and current approval from the South African Reserve Bank approving the borrowing and repayment of moneys by such Obligor under the Senior Finance Documents to which it is expressed to be a party to be paid in accordance therewith and the entry into guarantees by such Obligor as contemplated in the Senior Finance Documents.
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Exchange Control Approval means the exchange control approval granted by the Bank of Namibia (initially on or before the Subsequent Closing Date and annually thereafter on or before the anniversary of such initial grant) in relation to the security in the form of guarantees and share pledges to be granted by, or in respect of, (i) Wilru, (ii) Rosh Pinah Base Metals and (iii) Rosh Pinah Mine Holdings.
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Exchange Control Approval means any approvals and/or consents required from the South African Reserve Bank or other applicable regulatory authority.
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Related to Exchange Control Approval

  • Change Control means the process set out in Section 2.6.

  • Exchange Contract means a contract for a Commodity approved by SFC and HKFE for trading on one of the markets from time to time established and operated by HKFE which may result in a Futures Contract and/or an Option Contract;

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Requisite Approval means the affirmative vote of the holders of (a) at least a majority of the outstanding shares of Company Capital Stock, voting together as a single class and (b) at least a majority of the outstanding shares of Series A-1 Preferred Stock, Series B Preferred Stock and Series C Preferred Stock, voting together as a single class on an as-converted basis.

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.

  • UCC Filing Authorization Letter means a letter duly executed by each Loan Party authorizing the Collateral Agent to file appropriate financing statements on Form UCC-1 without the signature of such Loan Party in such office or offices as may be necessary or, in the opinion of the Collateral Agent, desirable to perfect the security interests purported to be created by each Security Agreement and each Mortgage.

  • IRB approval means the determination of the IRB that the research has been reviewed and may be conducted at an institution within the constraints set forth by the IRB and by other institutional and federal requirements.

  • Disclosure Statement Approval Order means the Final Order approving, among other things, the adequacy of the Disclosure Statement pursuant to section 1125 of the Bankruptcy Code.

  • FCC Approval means the FCC’s grant of the FCC Applications; provided that the possibility that an appeal, request for stay, or petition for rehearing or review by a court or administrative agency may be filed with respect to such grant, or that the FCC may reconsider or review such grant on its own authority, shall not prevent such grant from constituting FCC Approval for purposes of the Plan.

  • Change Control Note (“CCN”) means the agreed Schedule 3 annexed to the Contract containing details of agreed Variations to the Contract.

  • Authorized Share Approval means approval of the Amendment by the shareholders of the Company.

  • NDA Approval means the Approval of an NDA by the FDA for a Product in the U.S.

  • Foreign Financial Regulatory Authority shall have the meaning given by Section 2(a)(50) of the 0000 Xxx.

  • Initial approval means authorization to admit students and enter into contractual agreements for clinical facilities. It is granted only after an application has been submitted, reviewed and a survey visit made by the Board. No students shall be admitted to the program until the institution has received written notification that initial approval has been granted. Failure to comply will delay initial approval.

  • Required Regulatory Approvals means the Seller Required Regulatory Approvals and the Buyer Required Regulatory Approvals.

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Special Approval means approval by a majority of the members of the Conflicts Committee.

  • Required Approval has the meaning specified in Section 2.2(b).

  • Securities Regulatory Authorities means the securities commission or similar regulatory authority in each province and territory of Canada that is responsible for administering the Canadian securities legislation in force in such jurisdictions;

  • MAA Approval means approval of an MAA by the applicable Regulatory Authority for marketing and sale of a Product in the Collaborator Territory, but excluding any Pricing and Reimbursement Approval.

  • Marketing Authorization Application or “MAA” means an application for Regulatory Approval in a country, territory or possession.

  • Regulatory Capital Treatment Event means the Corporation’s reasonable determination that as a result of any (i) amendment to, or change (including any announced prospective change) in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any shares of Series N Preferred Stock; (ii) proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any shares of Series N Preferred Stock; or (iii) official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations that is announced after the initial issuance of any shares of Series N Preferred Stock, there is more than an insubstantial risk that the Corporation will not be entitled to treat the full liquidation preference amount of all shares of Series N Preferred Stock then outstanding as Tier 1 capital (or its equivalent) for purposes of the capital adequacy guidelines or regulations of the appropriate federal banking agency, as then in effect and applicable, for as long as any share of Series N Preferred Stock is outstanding.

  • Drug Approval Application means an application for Regulatory Approval required before commercial sale or use of a Product as a drug in a regulatory jurisdiction.

  • Approval Application means a BLA, NDA or similar application or submission for a Product filed with a Regulatory Authority in a country or group of countries to obtain marketing approval for a biological or pharmaceutical product in that country or group of countries.

  • Required Filing Date has the meaning set forth in Section 3.1.

  • securities regulatory authority or “SRA” means a body created by statute in any Canadian or foreign jurisdiction to administer securities law, regulation and policy (e.g. securities commission), but does not include an exchange or other self regulatory entity;