PRC Approvals definition
Examples of PRC Approvals in a sentence
The Purchaser has no reason to believe that the PRC Approvals will not be obtained prior to the Outside Date.
The PRC Approvals are the only approvals currently anticipated by the Offeror to be required by Government Authorities in the People’s Republic of China in connection with the transactions contemplated by this Agreement.
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.
Buyer shall have obtained the PRC Approvals and the approval of its board of directors authorizing the execution, delivery and performance of this Agreement.
The obligations set forth in this Section 4.01(c) shall not apply with respect to the PRC Approvals, except that the Purchaser shall regularly update the Company and keep the Company informed on a reasonably timely basis as to the status and timing of all notifications and other substantive submissions to any PRC Governmental Authority and the expected timing of the PRC Approvals.