PRC Approvals definition

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.

PRC Approvals means the approvals of the Governmental Authorities of the PRC required for the consummation of the transactions contemplated by this Agreement as set forth in Schedule 2.

PRC Approvals means the filings with and/or approvals of CIRC and NDRC and the completion of the outbound investment related foreign exchange filing with the relevant bank authorized by SAFE required with respect to the consummation of the Transactions.

Examples of PRC Approvals in a sentence

• 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.

• 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.

• Subject to receipt of the PRC Approvals, Buyer has, or will at Closing have, sufficient cash in Dollars readily available to enable it to consummate the Transactions, and there is not, nor will there be, any restriction on the use of such cash for such purpose.

• 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.

• The Buyer shall use its reasonable best efforts, with Selling Shareholders’ reasonable cooperation, to obtain the PRC Approvals.

More Definitions of PRC Approvals

PRC Approvals means any approvals required to be obtained from Governmental Entities in the People’s Republic of China in order for the Parent and the Purchaser to complete the transactions contemplated by this Agreement.

PRC Approvals means, collectively, all required approvals, notices and/or reporting related to the filing and notification requirements to: (i) the Shandong Development and Reform Commission; (ii) the Department of Commerce of Shandong of the People’s Republic of China; and (iii) the State Administration of Foreign Exchange of the People’s Republic of China and its branches.

PRC Approvals means the approval of the National Development and Reform Commission of the People’s Republic of China, the Ministry of Commerce of the People’s Republic of China and the State Administration of Foreign Exchange of the People’s Republic of China to the payment of the Consideration;

PRC Approvals means, collectively, all required approvals, notices and/or reporting related to the filing and notification requirements to: (i) the Shandong Development and Reform Commission; (ii) the Department of Commerce of Shandong of the People’s Republic of China; and (iii) SAFE and its branches.

PRC Approvals means all filings, applications, consents and approvals required under the Laws of the People’s Republic of China to complete the $194 million investment contemplated in this Agreement, and includes the filings, applications, consents and approvals set out in Schedule 1.1;

PRC Approvals means the approval of the National Development and Reform Commission of the People’s Republic of China, the Ministry of Commerce of the People’s Republic of China and the State Administration of Foreign Exchange of the People’s Republic of China to the payment of the Share Consideration;

PRC Approvals means any Authorizations required to be obtained from Governmental Bodies at relevant levels in the People’s Republic of China (including, (i) the National Development and Reform Commission, (ii) the Ministry of Commerce, and (iii) the State Administration of Foreign Exchange or local bank authorized by the State Administration of Foreign Exchange) in order for the Investor to complete the transactions contemplated by this Agreement.