Second SPA definition
Examples of Second SPA in a sentence
Upon the effectiveness of the Second SPA, the rights and obligations of the respective parties under the Original Security Agreement shall be subsumed within and governed by this Agreement; provided, that the provisions of the Original Security Agreement shall remain in full force and effect prior to the effectiveness of the Second SPA, and the liens granted pursuant to the Original Security Agreement shall continue to be in effect hereunder as set forth in §2.1.
All capitalized terms used herein without definitions shall have the respective meanings provided therefor in the Second SPA.
Purchase Price is received in the manner contemplated in the Second SPA, then with effect from the First CCD Closing Date, the term “Long Stop Date” as set out in the Executed Documents shall be read and interpreted to mean July 01, 2018 and all provisions of the Executed Documents shall be read and interpreted accordingly.
Purchase Price is received in the manner contemplated in the Second SPA, then with effect from the First CCD Closing Date, the term “Long Stop Date” as set out in the Executed Documents shall be read and interpreted to mean August 01, 2017 and all provisions of the Executed Documents shall be read and interpreted accordingly.
However, KSB had on 24 April 2024 entered into a deed of revocation with FGSB to revoke the Second SPA (“Deed of Revocation”).
The Parties acknowledge and agree that, notwithstanding this Agreement, except as expressly provided herein, the terms of the Convertible Note #1 and Note #2, Warrant #15 and Warrant #15.1, the First SPA, and the Second SPA, as amended by letter agreement, shall remain in full force and effect.
Purchase Price is received in the manner contemplated in the Second SPA, then with effect from the First CCD Closing Date, the term “Long Stop Date” as set out in the Executed Documents shall be read and interpreted to mean January 01, 2018 and all provisions of the Executed Documents shall be read and interpreted accordingly.
Further details of the Second SPA and Deed of Revocation have been announced on 29 April 2024.
The Performance Deposit in the sum of Ringgit Malaysia Twenty Eight Million Six Hundred and Fifty Three Thousand (RM28,653,000.00) only which is to guarantee RPSB’s performance of the Second SPA and the B&RCA with KSB, shall be paid upon the execution of this MOU.
RPSB shall be bearing the cost of investment incurred for the proposed development of the said Land as per the B&RCA and also under the First SPA & Second SPA.