Relevant Approval definition
Examples of Relevant Approval in a sentence
This Agreement may not be assigned without the express written consent of the other Parties (not to be unreasonably withheld, delayed or conditioned) and, if the assignment occurs after the issuance of the FIE Approval Certificate, the approval of the Relevant Approval Authority that originally approved this Agreement: and any such assignment or attempted assignment without such consent or compliance shall be void.
This Agreement may not be amended or modified except by an instrument in writing signed by, or on behalf of, each of the Parties; provided, however, that if such amendment occurs after the approval of the Relevant Approval Authority, such amendment shall require the approval of the authority that originally approved this Agreement.
If any approval of a Governmental Authority in India is necessary or desirable (the “Relevant Approval”) in the opinion of the Bank, acting in its sole discretion, in order for any Credit Document to be effective to secure the loan and credit facilities made available for the benefit of the Borrower, new lender or for any other reason, the Borrower shall immediately following the request of the Bank obtain the Relevant Approval as soon as practicable at its own cost and expense.
Nemaura shall ensure that throughout the Term the Products supplied for sale comply with the specifications contained in any Relevant Approval.
As soon as possible after the signing of this Agreement, Seller shall make or cause Shanghai Chuangxin to make an application to the Relevant Approval Authority for (i) approval of this Agreement and the transactions contemplated hereby, (ii) approval of the Amended and Restated AOA, and (iii) issuance of a foreign-invested enterprise approval certificate which shall reflect the transfer by Seller of its entire equity interest in Shanghai Chuangxin to Buyer (the “FIE Approval Certificate”).
If any RemainCo Employee or DivestCo Employee requires an Employment Approval to transfer employment as contemplated by this Separation Agreement and the SPA and Employment Approval is not obtained prior to the Separation Effective Time the parties, subject to applicable law and regulation, shall use commercially reasonable efforts to make the services of such employee available to the other party until such time as the Relevant Approval is obtained in accordance with Clause 15.27.
Immediately after the issuance of the FIE Approval Certificate by the Relevant Approval Authority, Seller shall cause Shanghai Chuangxin to make an application to the competent PRC business registration authorities (i.e., SAIC or its authorized local branch) for an amended business license of Shanghai Chuangxin which shall identify Buyer as the sole owner of Shanghai Chuangxin (the “Amended Business License” ).