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 has the meaning set forth in Section 4.5.
Examples of Spin Out in a sentence
The Parties agree to jointly prepare, certify as required, and submit to the TSXV all documents required by the TSXV in connection with the Listing, including a listing application containing full, true and plain disclosure of all material facts relating to Granja Peru, Granja Gold, the Spin-Out and the Acquisition, all required financial statements and other disclosure.
More Definitions of Spin Out
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.”
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 a company established by University Personnel for the purpose of developing and commercialising University Intellectual Property;
Spin Out means either:
(i) the transfer by a LOT User or its Affiliate of an established line of business, to which one or more Subject Patents of such LOT User or its Affiliate relate, together with the Transfer of one or more of such Subject Patents, to a Non-Assertion Entity that is not an Affiliate, other than through a Change of Control of such LOT User or its Affiliate (an “Established Business Spin Out”);
(ii) the transfer by a LOT User or its Affiliate to a Non-Assertion Entity that is not an Affiliate, other than through a Change of Control of such LOT User or its Affiliate, of a technology to which one or more Subject Patents of such LOT User or its Affiliate relate, together with the Transfer of one or more of such Subject Patents, where the value of the technology as determined by an outside certified professional accountant, not including any value associated with Patents, is more than $5 Million U.S. dollars (this 2014 amount to be adjusted for inflation by the Consumer Price Index or comparable index of inflation as determined by the LOT Administrator pursuant to Section 5.8 above) (a “Transferred Substantial Technology”), the technology having been developed for the formation by a LOT User or others of a business based thereon, but no such business yet substantially exists (a “Substantial Technology Spin Out”); or
(iii) the transfer by a LOT User or its Affiliate to a Non-Assertion Entity that is not an Affiliate, other than through a Change of Control of such LOT User or its Affiliate, of a technology to which one or more Subject Patents of such LOT User or its Affiliate relate, and with respect to which substantial resources have been expended in research or development for the formation by a LOT User or others of a business based thereon but no such business yet substantially exists (a “Transferred Developing Technology”), together with the Transfer of one or more of such Subject Patents, where such transfer does not qualify as a Substantial Technology Spin Out (a “Developing Technology Spin Out”). For purposes of the preceding clauses (i), (ii), and (iii) the circumstances in which a Subject Patent shall be deemed to relate to an established line of business or a technology that is the subject of a transfer shall include, but not be limited to, one in which one or more claims of such Subject Patent read on such technology or on a product or service of such established line of business. To the extent a transfer comprises more than one of an Estab...
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 a company set up for the purpose of commercializing intellectual property rights in which the University holds an interest.
Spin Out means the distribution by Bevo to its shareholders of the Common Shares previously held by Bevo.