Applicable SpinCo Portion definition

Applicable SpinCo Portion means one-third (1/3).

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Applicable SpinCo Portion has the meaning set forth in the Separation and Distribution Agreement.

Examples of Applicable SpinCo Portion in a sentence

• The costs and expenses of all Audits shall be borne by (i) RemainCo in accordance with the Applicable RemainCo Portion and (ii) SpinCo in accordance with the Applicable SpinCo Portion.

• RemainCo and SpinCo, respectively, shall be entitled to the Applicable RemainCo Portion and the Applicable SpinCo Portion of all proceeds from the WEX Tax Receivable Agreement.