Common use of Conditions to the Spin-Off Clause in Contracts

Conditions to the Spin-Off. The obligations of the Parties to effect the Spin-Off are subject to the fulfillment (or waiver by Parent pursuant to Section 6.2) on or prior to the Spin-Off Date (provided that certain of such conditions will occur substantially contemporaneously with the Spin-Off) if Parent shall have determined on or prior to the Termination Date that the following conditions have been satisfied (or, if applicable, waived pursuant to Section 6.2):

Appears in 5 contracts

Samples: Separation Agreement, Form of Separation Agreement (Hamilton Beach Brands Holding Co), Separation Agreement (Nacco Industries Inc)

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Conditions to the Spin-Off. The obligations of the Parties to effect the Spin-Off are subject to the fulfillment (or waiver by Parent pursuant to Section 6.25.2) on or prior to the Spin-Off Date (provided that certain of such conditions will occur substantially contemporaneously with the Spin-Off) if Parent shall have determined on or prior to the Termination Date that the following conditions have been satisfied (or, if applicable, waived pursuant to Section 6.25.2):

Appears in 1 contract

Samples: Spinoff Separation Agreement (Friendable, Inc.)

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