Required Statutory Approvals shall have the meaning set forth in Section 3.4.
Required Statutory Approvals means: (i) an approval in writing granted by the Competition Commission of India under the Competition Act, 2002 to the Acquirer for consummation of the Transaction (as defined below); (ii) an approval in writing granted by the Reserve Bank of India (“RBI”) in relation to the change of control of Escorts Finance Limited; and (iii) an approval in writing granted by the Securities and Exchange Board of India and the relevant stock exchanges for the indirect change in control of Escorts Securities Limited (an unlisted company) (if applicable);
Required Statutory Approvals means, (a) collectively, the filings by the Purchaser and the Company required by the HSR Act, and any filings and approvals required under applicable domestic or foreign antitrust or competition Laws, if any, and expiration or termination of any applicable waiting periods under the HSR Act and any other antitrust or competition Law, and (b) the notice required to be provided to the Defense Security Service in connection with the Company’s security clearances.
Examples of Required Statutory Approvals in a sentence
The consummation of the Proposed Transaction is subject to the receipt of the Required Statutory Approvals (as applicable).
The process for preparing the applications for Required Statutory Approvals has commenced.
More Definitions of Required Statutory Approvals
Required Statutory Approvals means approval from the Competition Commission of India under the Competition Act, 2002, for consummation of the Transaction (as defined below);
Required Statutory Approvals shall have the meaning set forth in Section 3.4. “Restraint” shall have the meaning set forth in Section 7.1(b)(ii).
Required Statutory Approvals means: (i) an approval in writing granted by the Competition Commission of India to the Acquirer for consummation of the Transaction (defined below); (ii) grant of no-action relief and/ or exemptions in order to allow the Open Offer to be made to U.S. holders of Equity Shares and to allow U.S. holders to tender their Equity Shares in the Open Offer without breaching the applicable law and regulations under the Securities Exchange Act of 1934 (as amended) by the U.S. Securities and Exchange Commission; (iii) the expiry or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; and (iv) approval under the rules and regulations issued under the Foreign Exchange Management Act, 1999 (including the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019) (if applicable);
Required Statutory Approvals means the Seller Required Statutory Approvals, Company Required Statutory Approvals and Purchaser Required Statutory Approvals, to the extent relating to filings, waivers, approvals, consents, authorizations and notices required to be made with, obtained from or provided to a Governmental Entity prior to the Closing.
Required Statutory Approvals means the consents, filings and approvals listed on Schedule 7.1(b) and, with respect to the HSR Act, the expiration or termination of any applicable waiting period.
Required Statutory Approvals means: (i) the necessary waivers, consents, approvals, governmental orders, authorisations or clearances for the Transaction (as defined below) from any competition authority with respect to the anti-trust laws of the following jurisdictions having been obtained or made, as applicable, and all statutory waiting periods under such anti-trust laws or waiting periods imposed by the competition authority having expired or been terminated: (a) Albania; (b) Colombia; (c) Cyprus; (d) Ireland; (e) Kuwait; (f) Morocco; (g) Nigeria; (h) Saudi
Required Statutory Approvals means, collectively, (a) any filings by Parent and Company required by the HSR Act, and any filings and approvals required under applicable Regulatory Laws and, if applicable, the expiration or termination of any applicable waiting periods under the HSR Act and any other Regulatory Law and (b) the filing of the Articles of Merger with the Secretary of State of the State of Nevada in connection with the Merger.