SNPI definition
SNPI means the senior participating interest in Borrower’s payment rights arising under the Net Profits Interest.
Examples of SNPI in a sentence
The primary research facility near Shanghai is the Shanghai Nuclear Physics Institute (SNPI).
The Lenders hereby expressly permit Administrative Agent to enter into the Senior Lender Subordination (as such term is defined in the BNP Agreement) in form and substance satisfactory to the Administrative Agent and any partial release of Liens granted in favor of the Administrative Agent, for the benefit of the Lenders, and encumbering the SNPI sold to BNP Paribas pursuant to the BNP Agreement.