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Model Request for Extension of Time and Waiver

PHCC letter of request for extension of time and waiver

Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: MODEL REQUEST FOR EXTENSION AND WAIVER
[DATE]
PHILIPPINE COMPETITION COMMISSION
25/F Vertis North Corporate Center 1
North Avenue, Quezon City 1105
Thru:

Mergers and Acquisitions Office

Re:

[CASE REFERENCE]

Dear ___:
On behalf of COMPANY A, I would like to request for an extension of [•] days from [•] 2017 to
submit the [Phase II/Additional] documents and information required to be provided as stated in
the letter dated [•] of the Mergers and Acquisitions Office. This is due to [•].
In view of such request for extension, I confirm COMPANY A, subject to the conditions and
limitations set forth herein, hereby agrees to waive the review periods under Section ___ of
Republic Act No. 10667 and Rule 4, Section 5 of the Rules and Regulations to Implement the
Provisions of Republic Act No. 10667 that provides for completion of its review of [Case
Reference] for a period of ninety (90) days.
Considering the foregoing, COMPANY A hereby agrees to extend the period of merger review for
[•] days, which corresponds to the period in which COMPANY A requested for an extension to
submit the [Phase II/Additional] documents.
Furthermore, COMPANY A undertakes not to consummate their proposed acquisition of
[Describe Transaction] (“Transaction”) pending the issuance of a decision on the Transaction.
COMPANY A submits this waiver and undertaking under the condition and understanding that,
the waiting period for the review of the Transaction commenced on [•]. With the waiver on the
review periods as stated in this request, the Phase II review shall now end on [•].

Sincerely,
[DULY AUTHORIZED REPRESENTATIVE FOR COMPANY A]
cc: [Other Parties]

PCC-OP-MAO-001-T1 rev0
 
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