Licensing Approval definition

Licensing Approval has the meaning set forth in the Purchase Agreement.
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Licensing Approval means a process under which criteria are established and compliance with those criteria are determined by a duly authorized government entity.
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Examples of Licensing Approval in a sentence

  • In the event a provision of this Agreement is not consistent with the requirements of the Licensure Laws (such as a prohibition on transfer of resident contracts or other operational assets prior to Licensing Approval being obtained), then the Licensure Laws shall prevail over such inconsistent provisions and the parties agree to work together in good faith to achieve the intent of this Agreement through other reasonable approaches.

  • Provided Black Hawk can prove to Entertainment, in Entertainment's sole but reasonable discretion, that the involvement of Black Hawk in the Project will not detrimentally affect the Project casino and provided Black Hawk obtains Licensing Approval, Black Hawk shall have the right and option to reacquire its 75% Membership Interest in the Company (the "Repurchase Right").

  • Nothing in this Agreement shall be construed to permit Purchaser to acquire control of Seller (as such term is defined in Nevada Gaming Regulation 16.010(1)) without first obtaining Licensing Approval.

  • Except for any required Licensing Approval of the Nevada Gaming Authorities, no consent, approval, authorization or action by any Governmental Agency or any other third party is required in connection with the execution and delivery by Purchaser of this Agreement and the other documents and instruments to be executed and delivered by Purchaser pursuant hereto or the consummation by Purchaser of the transactions contemplated herein or therein.

  • If, however, the Gaming Board determines that Investor may not acquire the Differential Shares without first having obtained Licensing Approval (as defined in the Purchase Agreement), Investor shall thereafter have the right but not the obligation to acquire the Differential Shares on the terms described in subparagraph (b) below.

  • The exercise of any such Option shall be conditioned upon appropriate Licensing Approval or other regulatory approval being obtained from the Nevada Gaming Authorities.

  • Such difference shall be multiplied by a fraction, the numerator of which shall be the number of full months (excluding partial months) elapsed from the Closing until such time as the Investor obtains Licensing Approval and the denominator of which shall be 18.

  • The Purchaser agrees to file for such Licensing Approval as soon as practicable and to pursue their issuance with reasonable diligence.

  • For purposes of illustration if the Closing occurs on September 17, 1996, the Strike Price was $7 and Investor obtains Licensing Approval on September 20, 1997, the exercise price for the Differential Shares would be $7.50 (e.g. $7.75 - $7.00 = $.75 x 12/18 = $.50 + $7 = $7.50).

  • Subject to Purchaser having obtained Licensing Approval, at such time as Purchaser shall have acquired a total of 1,000,000 or more Shares from Jans▇▇ ▇▇▇suant to the Option Agreement, the Board shall be expanded to seven members and Purchaser shall be entitled to nominate the additional Board member.

Related to Licensing Approval

  • Marketing Approval means all approvals, licenses, registrations or authorizations of the Regulatory Authority in a country, necessary for the manufacture, use, storage, import, marketing and sale of a Product in such country.

  • Regulatory Approval means, with respect to the Product in any country or jurisdiction, any approval (including where required, pricing and reimbursement approvals), registration, license or authorization that is required by the applicable Regulatory Authority to market and sell the Product in such country or jurisdiction.

  • Marketing Approval Application or “MAA” means a New Drug Application (or its equivalent), as defined in the U.S. Food, Drug and Cosmetic Act and the regulations promulgated thereunder, or any corresponding or similar application, registration or certification in any country.

  • Regulatory Approval Application means an application to seek regular or expedited Regulatory Approval of the Licensed Product for sale or marketing in any country(ies) or Region(s) in the Territory, as defined in the applicable Laws and filed with the Regulatory Authority of such country(ies) or Region(s).

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