Spin Out definition

Spin Out shall have the meaning set forth in Section 2.9(b).

Spin Out has the meaning set forth in the recitals.

Spin Out means the transaction (or series of transactions) whereby the Lender distributes all of the shares of common stock of the Parent Borrower to the holders of the Series A Non-Voting Preferred Stock of the Lender, immediately after which all shares of the Series A Non-Voting Preferred Stock of the Lender are cancelled.

Examples of Spin Out in a sentence

• For the avoidance of doubt, Net Equity Income is not disbursed to Inventors or Collaborators regardless of their relationship with the Spin-Out that has allocated the Equity.

• Any association of the Inventor(s) with the Spin-Out licensee will be subject to disclosure, including compensation, prior approval, and annual reporting c.

• The University may approve the creation of a Spin-Out by University Members to develop and commercialise the University Intellectual Property.2. The TTO is responsible for the commercial exploitation of University Intellectual Property and selects commercial partners based on their ability to exploit the University Intellectual Property for the benefit of society.3. The TTO is responsible for the negotiation of the final commercial agreements on a case by case basis.

• University contracts with Spin-Out licensees must be negotiated by the appropriate University office and not directly by the Inventor b.

More Definitions of Spin Out

Spin Out has the meaning set forth in Section 4.5.

Spin Out means either:

Spin Out means a company established by University Personnel for the purpose of developing and commercialising University Intellectual Property;

Spin Out means the transactions described in that certain Asset Transfer Agreement by and between the Company and NuTech Spine, Inc. dated as of the Closing Date.

Spin Out means the transaction (or series of transactions) whereby the Holder distributes all of the shares of common stock of the Company to the holders the Series A Special Non-Voting Preferred Stock of the Holder, immediately after which all shares of the Series A Non-Voting Preferred Stock of the Holder are cancelled. All interest on the principal balance of the Drawdowns outstanding hereunder shall be payable at the rate of 8% per annum, and shall be due and payable to the Holder on the Maturity Date and on any other date on which principal of this Note is repaid or prepaid. Interest shall be computed on the basis of a 360-day year.

Spin Out means the transactions relating to the spin out of Way of Will from New Wave Holdings, including the filing and clearance of this Prospectus, the issuance of the Units and the issuance of the Dividend;

Spin Out means the distribution by Bevo to its shareholders of the Common Shares previously held by Bevo.