Required Regulatory Approval Sample Clauses
The Required Regulatory Approval clause establishes that certain actions or transactions are contingent upon obtaining necessary permissions or approvals from relevant governmental or regulatory authorities. In practice, this means that parties cannot proceed with specific aspects of an agreement—such as mergers, acquisitions, or product launches—until all mandated regulatory bodies have formally approved the activity. This clause ensures legal compliance and mitigates the risk of penalties or invalidation by preventing premature execution of contractual obligations before all required approvals are secured.
Required Regulatory Approval. This Agreement remains subject to the approval of the Virginia Bureau of Insurance. The GSIA and the Reinsurer shall take all steps necessary to obtain requisite regulatory approval of this Agreement and the transaction described herein.
Required Regulatory Approval. 5 ARTICLE 12 -
Required Regulatory Approval. The Required Regulatory Approval shall have been obtained.
Required Regulatory Approval. The Required Regulatory Approval has been obtained and shall be in full force and effect.
Required Regulatory Approval. Any applicable waiting periods, together with any extensions thereof, or any actions, non-actions, consents, approvals, waivers, or clearances from any Governmental Authority as set forth in Schedule 7.1(c) of this Agreement (the “Required Regulatory Approvals”) shall have expired, been terminated or obtained, as applicable.
Required Regulatory Approval. This Agreement remains subject to the approval of the North Carolina Department of Insurance. The Fund and the Reinsurer shall take all steps necessary to obtain requisite regulatory approval of this Agreement and the transaction described herein.
Required Regulatory Approval. The Required Regulatory Approval shall have been obtained.
Section 6.2 Additional Conditions Precedent to the Obligations of the Purchaser
Required Regulatory Approval. (i) The waiting period under the HSR Act, and any commitment by the parties hereto not to consummate the Transactions before a certain date under a timing agreement with any Governmental Entity with the authority to enforce any Antitrust Law, shall have either expired or been earlier terminated;
(ii) The Consents in Section 8.01(b)(ii) of the Company Disclosure Letter shall have been obtained if required as set forth in such Section; and
Required Regulatory Approval. The Required Regulatory Approval has been made, given, obtained or satisfied and is in force and has not been modified or rescinded.
Required Regulatory Approval. Any applicable waiting periods, together with any extensions thereof, or any actions, non-actions, consents, approvals, waivers, or clearances from any Governmental Entity as set forth in Section 7.1(c) of the Company Disclosure Letter shall have expired, been terminated or obtained, as applicable.