SPA Closing definition
Examples of SPA Closing in a sentence
For the sake of clarity, the abovementioned actions shall be undertaken simultaneously on the SPA Closing, as part of a single transaction (unidad de acto).
The Seller shall not be liable for the Damages arising from any regulations or legal provisions not in force on the SPA Closing, as well as any other variation or modification of any regulations or legal provisions, or any change in the current practice of any Tax, Social Security or administrative authority made or entered into effect after the SPA Closing.
The Seller shall not be liable for any Damages attributable to any Third-Party Claim in respect of which the Purchaser has not complied with its obligations under Clause 8.5, including any admission of liability made after the SPA Closing by the Purchaser or its respective agents or representatives.
Seller undertakes not to waive its right to obtain from Telpart, for Seller’s benefit, at the date of the SPA Closing, a written certificate confirming that the representations and warranties given by Telpart to Seller under the SPA continue to be true and correct in all material aspects (except for representations and warranties that are qualified as to materiality, which shall be true and correct), as contemplated in Section 2.6.
Purchaser shall take all necessary actions and endeavour its best efforts to ensure that the SPA Closing is approved as soon as possible, even if the SPA Closing and the Amazônia Closing do not take place simultaneously.