Definition of PRC Approvals


PRC Approvals means any filings with, applications to or consents or approvals from the Ministry of Commerce, the National Development Reform Committee, the State Administration for Foreign Exchange, the State-owned Assets Supervision and Administration Commission in the People's Republic of China.
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Examples of PRC Approvals in a sentence

Each of the PRC Subsidiaries is in compliance with the provisions of all such Approvals, and there is no notice of any modification, suspension, or revocation of any Approvals and we have no reason to believe that any PRC Authority is considering modifying, suspending or revoking any such PRC Approvals.
All authorizations, approvals or permits, if any, of any Governmental Entity, including, but not limited to, the PRC Approvals, that are required in connection with the lawful issuance, sale and purchase of the Purchase Shares, and the purchase and the procurement of foreign exchange for payment of the Purchase Price, pursuant to this Agreement shall have been duly obtained and effective as of the Closing.
Other than the approvals as set forth in Schedule 4.10 attached hereto (the PRC Approvals), no consent, approval, order or authorization of, or registration, declaration or filing with any Governmental Entity is required to be obtained or made by the Purchaser in connection with the execution and delivery of this Agreement and the transactions contemplated hereby.
To the best of our knowledge after due inquiries, each of the PRC Subsidiaries is in compliance with the provisions of all such Approvals, and there is no notice of any modification, suspension, or revocation of any Approvals and we have no reason to believe that any PRC Authority is considering modifying, suspending or revoking any such PRC Approvals.
Jinchuan has undertaken preliminary consultations with the relevant departments responsible for issuing the PRC Approvals in regard to the transactions contemplated by this Agreement and has not received any communication from them that they will not issue the necessary PRC approvals.