Common use of EFFECT OF NON-RECEIPT OF APPROVALS Clause in Contracts

EFFECT OF NON-RECEIPT OF APPROVALS. 16.1 In the event of any of the said sanctions and approvals referred to in the preceding Clause 15 not being obtained and / or the Scheme not being sanctioned by the High Court or such other competent authority and / or the order or orders not being passed as aforesaid before September 30, 2014 or such other date as may be agreed by the respective Board of Directors of DMCL and ZEEL may determine, the Scheme shall become null and void, and each party shall bear and pay their respective costs, charges and expenses in connection with the Scheme.

EFFECT OF NON-RECEIPT OF APPROVALS. 16.1 In the event of any of the said sanctions and approvals referred to in the preceding Clause 15 18 not being obtained and / or the Scheme not being sanctioned by the High Court or such other competent authority and / or the order or orders not being passed as aforesaid before September 30March 31, 2014 2011 or such other date as may be agreed by the respective Board of Directors of DMCL PRIL and ZEEL Resulting Companies may determine, the Scheme shall become null and void, and each party shall bear and pay their respective costs, charges and expenses in connection with the Scheme.