Examples of Spin-Off Agreement in a sentence
Thereafter, to reflect the true intention of the Parties to the Spin-Off Agreement, the Parties then agreed in an Amended Spin-Off Agreement to reflect an effective date of 12:01 am on January 1, 2021 of the Spin-Off transaction (“Effective Date”).
Ray, a former officer and existing director (through March 20, 2015) and Jon Lundgreen, a former officer and director, pursuant to a Spin-Off Agreement (the “Spin-Off Agreement”).
The following payments will be made solely from funds of Bristol and will not be made from funds provided, directly or indirectly prior to the Merger, by FelCor, FelCor OP, or any subsidiary of FelCor or FelCor OP: (a) any cash transferred to the Management Group in connection with the Spin-Off, and (b) any amount paid for any other liability of Bristol fixed by or created pursuant to the Merger Agreement or the Spin-Off Agreement.
The handling or settlement of any matter that may arise after the Spin-Off Effective Date relating to the IndiHome Business Segment (including matters concerning all reasonable costs incurred in handling such matter) will be conducted in accordance with the agreement in the Conditional Spin-Off Agreement.
MATERIAL TRANSACTION VALUE The value of IndiHome Business Segment that will be spun-off by the Company to Telkomsel based on the Conditional Spin-Off Agreement is Rp58,249,920,571,200 (fifty eight trillion two hundred forty nine billion nine hundred twenty million five hundred seventy one thousand two hundred Indonesian Rupiah).