Foreign Exchange Regulations. The execution of this Agreement and the other Transaction Agreements and the consummation of the transactions contemplated under this Agreement and the other Transaction Agreements is in compliance with all applicable foreign exchange regulations and the issue, allotment and delivery of Convertible Preference Shares to PIAC hereunder is permissible under the foreign exchange regulations and requires no prior approvals from or filings with any Governmental Entity.
Appears in 2 contracts
Sources: Share Subscription Agreement (Phoenix India Acquisition Corp.), Share Subscription Agreement (Phoenix India Acquisition Corp.)