Common use of Inducement Clause in Contracts

Inducement. SpinCo acknowledges and agrees that Xxxxxx’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and the Ancillary Agreements, including SpinCo’s assumption of the SpinCo Liabilities pursuant to the Separation and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV.

Appears in 8 contracts

Samples: Separation and Distribution Agreement (Vestis Corp), Separation and Distribution Agreement (Vestis Corp), Separation and Distribution Agreement

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Inducement. SpinCo acknowledges and agrees that Xxxxxx’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and Agreement, the Ancillary Agreements, including SpinCo’s assumption of the SpinCo Liabilities pursuant to the Separation and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV.

Appears in 4 contracts

Samples: Separation and Distribution Agreement (3m Co), Separation and Distribution Agreement (Solventum Corp), Separation and Distribution Agreement (Solventum Corp)

Inducement. SpinCo acknowledges and agrees that XxxxxxPxxxxx’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and the Ancillary Agreements, including SpinCo’s assumption of the SpinCo Liabilities pursuant to the Separation and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV.

Appears in 4 contracts

Samples: Separation and Distribution Agreement (Bluerock Homes Trust, Inc.), Separation and Distribution Agreement (Knife River Holding Co), Separation and Distribution Agreement (Knife River Holding Co)

Inducement. SpinCo acknowledges and agrees that XxxxxxiXxxx’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and the Ancillary Agreements, including SpinCo’s assumption of the SpinCo Assumed Liabilities pursuant to the Separation Transactions and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV.

Appears in 2 contracts

Samples: Separation and Distribution Agreement (Star Holdings), Separation and Distribution Agreement (Istar Inc.)

Inducement. SpinCo acknowledges and agrees that Xxxxxx’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and the Ancillary Agreements, including SpinCo’s assumption of the SpinCo Liabilities pursuant to the Separation and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV.V.

Appears in 2 contracts

Samples: Investment Agreement (SilverSun Technologies, Inc.), Separation and Distribution Agreement (SilverSun Technologies Holdings, Inc./Nv)

Inducement. SpinCo XxxxXx acknowledges and agrees that Xxxxxx’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and the Ancillary Agreements, including SpinCo’s assumption of the SpinCo Liabilities pursuant to the Separation and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV.

Appears in 1 contract

Samples: Separation and Distribution Agreement (RXO, Inc.)

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Inducement. SpinCo acknowledges and agrees that XxxxxxiStar’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and the Ancillary Agreements, including SpinCo’s assumption of the SpinCo Assumed Liabilities pursuant to the Separation Transactions and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Istar Inc.)

Inducement. SpinCo acknowledges and agrees that Xxxxxx’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and Agreement, the Ancillary Agreements, including SpinCo’s assumption of the SpinCo Liabilities pursuant to the Separation and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV.. Confidential Treatment Requested by 3M Health Care Company Pursuant to 17 C.F.R. Section 200.83

Appears in 1 contract

Samples: Separation and Distribution Agreement (3M Health Care Co)

Inducement. SpinCo acknowledges and agrees that Xxxxxx’s Xxxxxxx’x willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by SpinCo’s covenants and agreements in this Agreement and the Ancillary Agreements, including SpinCo’s assumption of the SpinCo NP Liabilities pursuant to the Separation and the provisions of this Agreement and SpinCo’s covenants and agreements contained in Article IV4.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Vertiv Co.)

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