How is Approval in Principle defined in a legal contract?
- Approval in Principle means initial consent granted subject to the terms and conditions of entitlement reserve creation. Seen in 3 SEC filings
- Approval in Principle means an initial endorsement under a specific legal provision (identified as section 53). Seen in 2 SEC filings
- Approval in Principle means the initial acceptance or sanction detailed under a certain clause. Seen in 2 SEC filings
- Approval in Principle means an initial endorsement under another specific legal provision (referred to as section 27.6). Seen in 1 SEC filing
- Approval in Principle means an initial consent under a different legal provision, referred to as section 7, pertaining to the issuing of a license. Seen in 1 SEC filing
- Approval in Principle means signifies that a design solution identified is the preferred option for achieving the objectives of a proposed scheme, in accordance with the requirements of the corresponding entity. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of approval in principle' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Approval in Principle means initial permission based on certain terms and conditions.
Relevant Contract Types
Relevant Circumstances
- When commencing negotiation or collaboration
- Prior to a large transaction
- Upon agreement on main terms but before the execution of a formal agreement
- In preliminary stages of a complex deal
Relevant Sectors
Genie Definition 2
- Approval in Principle means initial endorsement under a specified legal provision.
Relevant Contract Types
Relevant Circumstances
- When starting a regulated activity or project
- In relation to compliance with legal or regulatory provisions
Relevant Sectors
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Approval in Principle means initial permission based on certain terms and conditions
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