SPA Completion Date definition
Examples of SPA Completion Date in a sentence
The Seller, the Purchaser and the Seller’s Guarantor are parties to that certain Sale and Purchase Agreement dated as of 1 November 2017, as amended (the “SPA”), pursuant to which the Seller on the SPA Completion Date sold and transferred to the Purchaser 25,054,315 of the issued ordinary shares of US$0.10 of the Company, representing 25% of the Company’s issued share capital.
Vacant possession of the Project Land, free from all encumbrances and claims whatsoever, will be deemed delivered by APSB and SHSB (as vendors of the Project Land) to AKSB on the SPA Completion Date or the SPA Extended Completion Date, as the case may be.
Vacant possession of the Property in the same state and condition as existing on the SPA date but free of any debris, rubbish, squatters, occupiers, trespassers and encroachment shall be delivered to PPSB within three (3) business days from the SPA Completion Date, failing which GASB shall pay interest at eight per cent (8%) per annum calculated on daily basis on the Purchase Price until the actual date of delivery of vacant possession by GASB to PPSB in accordance with the SPA.