SNP Agreement Clause Samples

SNP Agreement. 6.17.1 ▇▇▇▇▇ GmbH (the “SNP Purchaser”) and the SNP Sellers have entered into a share purchase agreement on 2 October 2013 (the “SNP Agreement”) in respect of the acquisition by the SNP Purchaser of all shares held by the SNP Sellers in the capital of SNP Handels und Beteiligungsgesellschaft GmbH and the shareholder loans granted by the SNP Sellers to SNP (the “SNP Shares” and the “SNP Loans”). 6.17.2 Completion of the SNP Agreement is subject to Completion. In accordance with the SNP Agreement, the Purchaser, on behalf of the SNP Purchaser, shall at Completion pay the purchase price for the SNP Shares and the SNP Loans as calculated in accordance with the SNP Agreement (the “SNP Purchase Price”) directly to the SNP Sellers in accordance with Clause 7.2(o).