PRC Overseas Investment Approvals means, collectively, the filings and approvals with or by PRC Governmental Authorities with respect to the transactions contemplated hereby, including (A) the filings with and/or approvals of NDRC, SASAC and MOFCOM with respect to the consummation of the transactions contemplated hereby by Buyer; and (B) foreign exchange registration conducted by authorized banks and/or by SAFE in connection with the transactions contemplated hereby, including registration and/or approvals for conversion of RMB funds into U.S. dollar funds and transfer of U.S. dollar funds to Seller or other interests pursuant to or in connection with this Agreement (to the extent that funding in U.S. dollars is required thereunder).
Examples of PRC Overseas Investment Approvals in a sentence
As soon as practicable following the date hereof, subject to receipt of any required PRC Overseas Investment Approvals, Parent shall form (or cause to be formed) a corporation organized under the laws of the State of Delaware as a direct or indirect, wholly-owned Subsidiary of Parent, which corporation shall be Acquisition Sub hereunder.
Each such Guaranty has been duly executed and delivered by the applicable Guarantors and constitutes the valid and binding obligation of such Guarantor enforceable against the Guarantor in accordance with its terms (subject to the Enforceability Limitations and the relevant PRC Overseas Investment Approvals (if applicable)).
Promptly following the date hereof, subject to receipt of any required PRC Overseas Investment Approvals, Parent shall form (or cause to be formed) a corporation organized under the laws of the State of Delaware as a direct or indirect, wholly-owned Subsidiary of Parent, which corporation shall be Acquisition Sub hereunder.
Other than the CFIUS Approval, PRC Overseas Investment Approvals and MOEA Approval, there shall have been obtained at or prior to the Closing Date such permits or authorizations, and there shall have been taken all such other actions by any Governmental Authority or other regulatory authority having competent jurisdiction over the parties and the actions herein proposed to be taken, as may be required to consummate the Share Purchase and the transactions contemplated by this Agreement.
There shall not be issued, enacted or adopted by any Governmental Authority of competent jurisdiction (other than CFIUS, PRC Overseas Investment Approvals or MOEA) any statute, regulation, enactment or Order or Action (whether temporary, preliminary or permanent) that prohibits or renders illegal the Share Purchase or the consummation of the transactions contemplated by this Agreement.