Post Spin-Off means the spin-off of the Post Business on or about February 3, 2012 and the transactions under the Post Spin-Off Documents related thereto.
Examples of Post Spin-Off in a sentence
The amount or economic benefit of any refunds, credits or offsets of Taxes relating to (i) Geo Point Nevada, or the Geo Point Nevada Business for a Pre-Spin-Off Period shall be for the account of Geo Point Utah, (ii) Geo Point Nevada, or the Geo Point Nevada Business for a Post-Spin-Off Period shall be for the account of Geo Point Nevada, and (iii) the Geo Point Utah Business shall for the account of Geo Point Utah.
Except as provided in Sections 4.01 and 4.03, Geo Point Nevada shall be liable for (i) all Taxes attributable to Geo Point Nevada Business for any and all Post-Spin-Off Periods.
For purposes of Sections 3.01 and 3.02, in the case of any Straddle Period, (i) property taxes and exemptions, allowances or deductions that are calculated on an annualized basis shall be apportioned between the Pre-Spin-Off Period and the Post-Spin-Off Period on a daily pro-rata basis and (ii) all other Taxes shall be apportioned between the Pre-Spin-Off Period and the Post-Spin-Off Period on a closing of the books basis as of the close of business on the Spin-Off Date.
The Borrower shall not, nor shall it permit any Subsidiary to, (a) permit any amendment or modification to be made to its certificate or articles of incorporation or by-laws which is materially adverse to the interests of the Lenders (it being agreed that any such changes required under the Post Spin-Off Documents are not materially adverse to the interests of the Lenders) or (b) change its Fiscal Year to end on any date other than September 30 of each year.
If TMP consents to such carryback, TMP shall not be obligated to pay to HHGI or any member of the HHGI Group the Tax Benefit received by TMP Consolidated Group from the use in any Pre-Spin-Off Period of a carryback of any Tax Asset of HHGI Group from a Post-Spin-Off Period.