Examples of SP Agreement in a sentence
The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the S&P Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof.
The Directors (including the independent non-executive Directors) are of the view that the terms of the SP Agreement are on normal commercial terms and are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
If there is any difference between the initial amount paid and the final consideration amount based on the completion statement, such difference shall be settled in cash between the Seller and the Purchaser in accordance with the terms of the S&P Agreement.
The completion of the SP Agreement was subject to, among other conditions, approval of the SP Agreement by the Company’s shareholders, the Cooperation Agreement becoming effective and the completion of the construction of the Plant by Jiangsu Prevalence in accordance with the terms of the Cooperation Agreement.
Save for the above, there are no other material changes to the terms and conditions of the Amended S&P Agreement.