Definition 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.

Examples of PRC Approvals in a sentence

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.
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.
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.