Common use of Spin-Off Transactions Clause in Contracts

Spin-Off Transactions. Prior to the Effective Time, the Company will cause Atrisco LLC to be organized under the laws of the State of New Mexico and will take such actions as required to effect the Spin-Off. The Limited Liability Company Operating Agreement of Atrisco LLC will be in the form attached hereto as Exhibit D.

Appears in 2 contracts

Sources: Merger Agreement (Westland Development Co Inc), Merger Agreement (Westland Development Co Inc)