Antitrust Clearance definition

Antitrust Clearance means approval of the transactions contemplated by this Agreement by the Competition Authority of the State of Israel, in accordance with the provisions of the Antitrust Law.

Split View

Antitrust Clearance means a decision, in whatever form (including a declaration of lack of jurisdiction) by all of the Antitrust Authorities or the expiry of the applicable waiting periods (or any extension thereof), as applicable, authorizing, not objecting or granting an exemption to the concentration and the sale and purchase of the Vetriceramici Interest (as defined herein) contemplated by this Agreement, which includes a mere filing or notification, if the Closing can take place pursuant to applicable Law without a decision, or the expiry of any waiting period.

Antitrust Clearance means the fact that, in accordance with the Antitrust Regulations, any Governmental Authority having jurisdiction with respect to the concentration resulting from the transactions contemplated by this Agreement:

Examples of Antitrust Clearance in a sentence

• The terms and provisions (other than this Section 2.2) relating to Option Products, including the Option Product License and the exclusivity provisions of Section 2.7 as applicable to an Option Product, shall not become effective until the later of (a) the date on which BIG pays the Option Exercise Fee and (b) completion of the Antitrust Clearance (“Option Exercise Effective Date”).

• This Agreement will terminate at the election of either Party, immediately upon written notice by such Party to the other Party, in the event that the Antitrust Clearance Date has not occurred on or prior to the one year anniversary of the Execution Date and the Parties have not agreed in writing to extend the Antitrust Clearance Date.

• Arrowhead or its Affiliates Control all Regulatory Submissions in the Territory for the Existing Lead Compounds existing as of the Execution Date and (following the Antitrust Clearance Date) existing as of the Effective Date, and, to Arrowhead’s knowledge, Arrowhead or its Affiliates Control all study reports and underlying data from the Ongoing C1 Development Activities conducted prior to the Execution Date or (following the Antitrust Clearance Date) prior to the Effective Date.

• For the avoidance of doubt, to the extent any Target Group Company incurs costs and expenses in connection with the Antitrust Clearance or any the Required Governmental Authority Clearance, such costs and expenses shall be treated as Permitted Leakages for the purposes of this Agreement, and to the extent the Sellers incurs costs and expenses in connection with the Antitrust Clearance or any the Required Governmental Authority Clearance, such costs and expenses shall be repaid by the Purchaser.

More Definitions of Antitrust Clearance

Antitrust Clearance means all applicable approvals or clearances shall have been received from the appropriate Governmental Entities and all applicable waiting periods shall have expired or been terminated or waived by the appropriate Governmental Entities relating to any Antitrust Filing identified in Exhibit C;

Antitrust Clearance means, with respect to any Commercial Option, (a) that any applicable waiting periods (and any extensions thereof) for exercise of such Commercial Option under the HSR Act and any other applicable Antitrust Laws will have expired or otherwise been terminated and (b) that there exists (i) no requirement for a waiver, consent or approval of the FTC, the DOJ or any other applicable Governmental Authority with respect to the exercise of such Commercial Option, (ii) no judgment, injunction, decree or any other order in any suit or proceeding preventing the exercise of such Commercial Option, and (iii) no other matter relating to actions under any Antitrust Laws that would preclude, impede or delay materially the grant of the rights and licenses that would be granted upon the exercise of such Commercial Option.

Antitrust Clearance means the earlier of (a) notification to the Parties from each applicable Antitrust Authority of early termination of the applicable waiting period under the applicable Antitrust Laws with respect to an Antitrust Filing and (b) expiration of all applicable waiting periods under applicable Antitrust Laws with respect to any required Antitrust Filings; provided, however, that if any Antitrust Authority commences any investigation by means of a second request or otherwise, clause (b) shall be deemed to occur on the termination of such investigation without action to prevent the Parties from implementing the transactions contemplated by this Agreement.

Antitrust Clearance has the meaning given to it in clause 13.1.1; Schedule 1 Definitions 2 / 16

Antitrust Clearance has the meaning set forth in Section 6.1(f).

Antitrust Clearance means the receipt by the Purchaser of any mandatory approval under Law No. 31112 and its regulations granted by the Antitrust Authority prior to the consummation of the transactions contemplated by this Agreement.

Antitrust Clearance means all applicable approvals or clearances shall have been received from the appropriate Governmental Entities and all applicable waiting periods shall have expired or been terminated or waived by the appropriate Governmental Entities relating to notice made under the Mexican Antitrust Act (Ley Federal de Competencia Economica).