Spinout definition

Spinout means an entity that is formed at least in part by LICENSEE to commercialize the PATENT RIGHTS and/or RELEVANT DATA which are sublicensed from LICENSEE to such entity in a transaction in which a majority of the assets of LICENSEE are not also transferred to the entity. For the purposes of this Agreement, a SPINOUT is also a SUBLICENSEE.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Spinout means the transaction completed on July 1, 2006 pursuant to which Canfor initially distributed Fund Units to shareholders of Canfor;

Spinout means the transaction pursuant to which Canfor initially distributed Fund Units to shareholders of Canfor;

Examples of Spinout in a sentence

The Parties agree to issue a mutually agreed joint press release (the “Initial Press Release”) at a mutually agreed time following the closing of the Spinout Transaction.
The manner and procedure of such Spin-out Preemptive Rights shall be substantially similar to those described in Section 4 above with respect to the Major Holders.
In addition, the Company shall cause, or exert such influence it may have to cause, the organizational documents of the Spin-out Entity (i) to provide for voting rights and preferences with respect to the Spin-out Shares equivalent to the voting rights and preferences of the Series B-1 Preferred and (ii) to contain provisions relating to this Section 5.1.
The provisions of paragraphs 3, 4, 5 and 6 shall apply equally in respect of the calculation of any Economic Benefit Amount in respect of Rx Spin-out Businesses, mutatis mutandis, as if the Purchaser was the relevant Seller for the purposes of applying those paragraphs to the Rx Spin-out Businesses and shall be responsible for preparing the relevant Economic Benefit Statement and as if GlaxoSmithKline was the Purchaser for the purposes of applying those paragraphs to the Rx Spin-out Businesses.
Any positive Economic Benefit Amount in respect of such Rx Spin-out Businesses shall be paid by the Purchaser to GlaxoSmithKline and any negative Economic Benefit Amount shall be paid by GlaxoSmithKline to the Purchaser, in each case in a manner consistent with the provisions of this Schedule.

More Definitions of Spinout

Spinout means an entity formed at least in part by Xtera to commercialize only a portion of the Patent Rights and transferred from Xtera to a Third Party in a transaction in which a majority of the assets of Xtera and Affiliates controlled by Xtera are not also transferred to the Third Party.

Spinout means the transfer or issuance of Spinco Shares and Replacement Spinco Options pursuant to the Plan of Arrangement;

Spinout means transfer of the Basin Spinout Assets from Basin to SpinCo and the transfer of 3,000,000 SpinCo Shares to the Basin Shareholders pursuant to the Plan of Arrangement;

Spinout means the creation by the Company of a subsidiary or affiliated company, to which some portion of the Company's assets are transferred, with the intention that the subsidiary or affiliate company will be financed and operated separately from the Company although owned in part by the Company and/or its Shareholders. A "Qualified" IPO, Sale, or Spinout shall be any such transaction in which the holders of the Company's Preferred Stock have, in the aggregate, in the opinion of a majority of the Board of Directors of the Company (▇▇. ▇▇▇▇▇▇▇ abstaining), received on account of their equity interest in the Company, in cash or marketable securities, an amount equal to their investment in the Company plus a return on that investment at least equal to the average annual returns realized on an investment in the S&P 500 over the three year period ending on the closing date of the relevant IPO, Sale or Spinout.

Spinout has the meaning specified in the preamble hereto.

Spinout means the transfer or issuance of Spinco Shares and Spinco Convertible Securities pursuant to the Plan of Arrangement.

Spinout means the transactions contemplated by the Plan;