Examples of Long Stop Date in a sentence
Given that additional time is required for the fulfillment of the Conditions Precedent, on 30 August 2012, the Vendors, the Joint Venture Company and other parties to the SP Agreement have entered into a supplemental agreement (“SPA Supplemental Agreement”) dated 30 August 2012 pursuant to which the parties have agreed to extend the Long Stop Date to 31 December 2012 (or such later date as the Vendors and the Joint Venture Company may agree in writing).
Save for the extension of the Long Stop Date and the XX Xxxx Stop Date, all terms and conditions in each of the SP Agreement and the Joint Venture Agreement remain unchanged and in full force and effect.
The Board considers that the changes of the Long Stop Date do not have any material adverse effect on the operation, business and financial position of the Group, and are in the interest of the Company and the Shareholders as a whole.
SUPPLEMENTAL AGREEMENTS Pursuant to the SP Agreement, Completion shall be conditional upon the Conditions Precedent having been fulfilled on or before the Long Stop Date, being 30 September 2012 (or such later date as the Vendors and the Joint Venture Company may agree in writing).