SPA Closing definition

SPA Closing. Has the meaning set forth in Clause 6.2 of this Agreement.

SPA Closing means the closing of the Transactions as provided for in Section 2.5 of the SPA.

SPA Closing has the meaning set forth in the recitals of this Agreement.

Examples of SPA Closing in a sentence

• If the Permitted Dividend is declared, the intimation of the declaration of such dividend will be made to the stock exchanges prior to Permitted Dividend Declaration Outer Date and the Permitted Dividend would be payable to all shareholders on the record date identified by the Target Company for such purpose, which date would be after the Investor SPA Closing Date but before the commencement of the Tendering Period.

• On the date of closing under the Investor SPA (the “Investor SPA Closing Date”), the Promoters will ensure that nominees of the Acquirer are appointed as additional directors on the Board such that the Acquirer has 1/3 (one-third) representation on the Board, with one nominee being an executive director.

• Without prejudice to paragraph 2.1.3.6 (a), if, subject to completion of the Promoter SPA Conditions Precedent, on the later of the Investor SPA Closing Date and the Open Offer Closure Date (the “ Control Determination Date”), the Acquirer holds less than 51% of the share capital of the Target Company (the “Control Threshold”) then the Promoters will transfer within 3 Trading Days (as defined in the Promoter SPA) from the Control Determination Date (if price of the Equity Shares is more than INR.

• 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.

• Pursuant to Rule 26.1 and Rule 13.5 of the Takeovers Code, the Offeror will be required to make a mandatory unconditional general offer in cash for all the issued Shares other than those already owned or agreed to be acquired by the Offeror and its Concert Parties and to make comparable offers to the Optionholders for all Share Options (which confer rights on the Optionholders to subscribe for new Shares) by way of cancellation of the Share Options, in each case upon the SPA Closing taking place.

More Definitions of SPA Closing

SPA Closing means completion of the sale and purchase of the Sale Shares in accordance with the provisions of this Agreement;

SPA Closing is defined in the Recitals.

SPA Closing means the closing of the transactions contemplated by the Share Purchase Agreement;

SPA Closing means the consummation of the purchase of the equity interests in Merial by Sanofi-Aventis from certain Subsidiaries of Merck pursuant to the Share Purchase Agreement;

SPA Closing shall have the meaning set forth in Section 4.2(b).

SPA Closing shall have the meaning ascribed to it in the Recitals.

SPA Closing has the meaning set forth in the preface.