Common use of SPIN Clause in Contracts

SPIN. Section 4.1 No Obligation to Effect External Spin. Although ▇▇▇▇▇▇▇▇ intends to effect the External Spin, the parties agree that ▇▇▇▇▇▇▇▇ is under no obligation to effect the External Spin at any time.

Appears in 4 contracts

Sources: Tax Sharing Agreement (WPX Energy, Inc.), Tax Sharing Agreement (WPX Energy, Inc.), Tax Sharing Agreement (WPX Energy, Inc.)