SEC Approval definition

SEC Approval means the approval of the SEC under PUHCA needed for Buyer to finance the purchase of the LLC Interests hereunder, including authority under Sections 6 and 7 of PUHCA for Allegheny Energy, Inc., Buyer's parent company, to issue and sell equity securities in an amount not to exceed $1,000,000,000, which approval shall be obtained by Buyer in accordance with the requirements of Section 7.9(c).

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SEC Approval means that the SEC staff has advised that it has no further comments on the Company Circular or that it will not review the Company Circular.

SEC Approval has the meaning given to such term in Section 8.1(o).

Examples of SEC Approval in a sentence

• Following receipt of the SEC Approval, Buyer shall use its Commercial Efforts to raise at least the minimum Purchase Price via such public offering (the “Public Offering”).

• As soon as practicable following the execution of this Agreement, and in any event prior to the SEC Approval Date, Parent, HL and the Sponsors shall enter into an agreement (the “Sponsor Agreement”) providing that, immediately prior to the Effective Time, the Sponsors will forfeit, and HL will terminate and cancel, pro rata, an aggregate of 125,000 HL Ordinary Shares and 125,000 HL Warrants.

• Subject to Section 7.1 and 7.2 hereof, the Closing of the sale and purchase of the Purchased Interest shall take place on or before the date that is 180 days following the receipt of SEC Approval (as defined in Section 6.5 below) (the “Closing Date”).

• The Company shall, as promptly as practicable after the SEC Approval Date, give notice in accordance with the DGCL and the Company’s Charter Documents to all of its stockholders calling for a special meeting of such stockholders to consider and vote upon this Agreement and the Merger and the other transactions contemplated hereby, and shall hold such meeting as promptly as practicable after such notice is given (“Company Stockholder Meeting”).

• If (a) Buyer is unable to obtain SEC Approval in accordance with Section 6.5 or (b) despite Buyer’s best efforts, B▇▇▇▇ is unable to raise the minimum Purchase Price by the date that is 180 days after receipt of the SEC Approval, then either party may terminate this Agreement by written notice to the other party and neither shall have any further obligations under this Agreement except to the extent set forth in Section 6.1 and Article VIII.

More Definitions of SEC Approval

SEC Approval has the meaning set forth in Section 10.1.

SEC Approval. Means the Company and TCI Holding shall seek approval to enter into the Stock Issuance Transaction with the Securities and Exchange Commission (SEC) and the Company and TCI Holding agree that they will not enter into the Stock Issuance Transaction unless and until SEC approval has been obtained.

SEC Approval means the approval by the SEC of the presently filed and pending request by American Electric Power Company, Inc., Buyer’s corporate parent, for an increase in the maximum dollar limit to its authority to acquire “Energy Assets” within the meaning of Holding Co. Act Release No. 26933 (Nov. 2, 1998).

SEC Approval means a release by the Securities and Exchange Commission that is required to be obtained in order for the Borrower to legally and validly borrow in an aggregate amount greater than the SEC Limit and for the term of this Agreement to be at least 364 days.

SEC Approval means the approval as defined in Clause 12; Shares means any or all non-par value registered shares in the Company with a proportionate amount of the Company's share capital of 1.00 allotted to each share issued or to be issued, including Common Shares, Preferred A and Preferred B; Shareholders means the parties named in (1) to (23) and (28) of the Preamble of this Agreement or any of their legal successors if the relevant legal successor becomes Shareholder in the Company, jointly or individually or both;

SEC Approval. If a Registration Statement is filed with the SEC in accordance with Section 4.5(e)(ii), the Registration Statement shall have been declared effective by the SEC, and no stop order suspending the effectiveness of the Registration Statement or any part thereof shall have been issued and no proceeding for that purpose, shall have been initiated or threatened by the SEC.”

SEC Approval means clearance by the SEC of the Company Circular.