Spinout definition

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

  • The allocation of head office general and administrative expense was calculated on the basis of the ratio of costs incurred on the Spin-out Properties in each period presented as compared to the costs incurred on all mineral properties of the Company in each of the periods.

  • The Prime Applicant should specifically address the following primary metrics:• New job creation• Federal Follow-on funding• Creation of Spin-out companiesJob creation should be realistic and supportable.

  • Knowledge transfer through inheritance: Spin-out generation, development, and survival.

  • Please refer to the section Spin-out of Mining Assets and Creation of Osisko Development Corp.

  • The Spinout was effected by way of a court-approved plan of arrangement (the "Arrangement") between the Company and Barsele.

  • 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.

  • Knowledge transfer through inheritance: Spinout generation, development, and survival.

  • The exercise price for options granted in February 2016 is the Spinout Transaction share price of the Company’s common shares at the date of the grant, which was $6.50 per share.

  • Upon completion of the Spinout MGX settled $420,000 of debt in exchange for 3,111,110 shares of Zinc8, the shares were fair valued at $420,000 so no gain on debt settlement was recorded.

  • Assuming completion of the Spin-out, there will be two separate companies that will require funding and will incur ongoing administrative costs which in some instances may lead to duplication.


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.
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Spinout means the transfer or issuance of Spinco Shares, Spinco Arrangement Warrants, Replacement Spinco Options and Replacement Spinco Warrants pursuant to the Plan of Arrangement;
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Spinout means the transactions contemplated by the Plan;
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Spinout has the meaning specified in the preamble hereto.
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Spinout means the transfer or issuance of Spinco Shares and Spinco Convertible Securities pursuant to the Plan of Arrangement.
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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 (Xx. Xxxxxxx 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.
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Related to Spinout

  • Spinoff means a transaction in which the Transferor Plan transfers only part of its assets and/or liabilities to the Transferee Plan. The Transferee Plan may be a New Plan that is created in the Spinoff, or it may be a preexisting plan that simply receives part of the assets and/or liabilities of the Transferor Plan.

  • Divestiture means any transaction or event that the Board specifies as a Divestiture under Section 10.5.

  • Recapitalization means any stock dividend, stock split, combination of shares, reorganization, recapitalization, reclassification or other similar event.

  • Roll coating means the application of a coating material to a substrate by means of hard rubber or steel rolls.

  • Source separation means the separation of different kinds of solid waste at the place where the waste originates.

  • UNE Combination means a combination of two (2) or more Unbundled Network Elements that were or were not previously combined or connected in Qwest's network, as required by the FCC, the Commission or this Agreement.

  • Initial Business Combination means the acquisition by the Company, whether through a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or similar type of transaction, of one or more business or entities (“Target Business” or “Target Businesses”), whose collective fair market value is equal to at least 80% of the balance in the Trust Account and resulting in ownership by the Company or the holders of IPO Shares of at least 51% of the voting equity interests of the Target Business or Businesses or all or substantially all of the assets of the Target Business or Businesses;

  • QFII means a qualified foreign institutional investor approved pursuant to the relevant PRC regulations (as amended from time to time).

  • Air gap separation means the unobstructed vertical distance through the free atmosphere between the lowest opening from any pipe or faucet supplying water to a tank, plumbing fixture, or other device and the flood level rim of the receptacle.

  • Business Combination means any merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses, involving the Company.

  • Merger has the meaning set forth in the Recitals.

  • Mixed beverage or "mixed alcoholic beverage" means a drink composed in whole or in part of

  • Wireline means a cable containing one or more electrical conductors which is used to lower and raise logging tools in the well-bore.

  • broadcasting means the transmission by wireless means for public reception of sounds or of images or of images and sounds or of the representations thereof; such transmission by satellite is also “broadcasting”; transmission of encrypted signals is “broadcasting” where the means for decrypting are provided to the public by the broadcasting organization or with its consent;

  • rebroadcasting means the simultaneous broadcasting by one broadcasting organisation of the broadcast of another broadcasting organisation.

  • Splitter means a device used in conjunction with a DSLAM either to combine or separate the high (DSL) and low (voice) frequency spectrums of the Loop in order to provide both voice and data over a single Loop.

  • Divestiture Date means the date on which the Divestiture Assets are divested to Acquirer pursuant to this Final Judgment.

  • Outdoor burning means open burning or burning in an outdoor wood-fired furnace.

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • IOSCO means the International Organisation of Securities Commissions.

  • Company Sale means a transaction with a third Person that is not an Affiliate of the Company or group of third Persons that, acting in concert, do not collectively constitute Affiliates of the Company, pursuant to which such Person or Persons acquire, in any single transaction or series of related transactions, (i) all of the outstanding Equity Securities of the Company, (ii) all or substantially all of the assets of the Company and its Subsidiaries or (iii) Equity Securities of the Company authorized and issued following the Effective Date and possessing the power to elect or appoint a majority of the Board of Directors (or any similar governing body of any surviving or resulting Person).

  • Co-pilot means a pilot operating other than as pilot-in-command, on an aircraft for which more than one pilot is required, but excluding a pilot who is on board the aircraft for the sole purpose of receiving flight instruction for a licence or rating.

  • broadcasting station means a station in the broadcasting service.

  • Stock Value means an amount equal to (a) 25% multiplied by (b) (i) the Closing Purchase Price, minus (ii) the Financial Debt, minus (iii) the Transaction Expenses.

  • Comcast means Comcast Corporation, a Pennsylvania corporation.

  • Flexible vinyl adhesive means an aerosol adhesive designed to bond flexible vinyl to substrates. Flexible vinyl means a nonrigid polyvinyl chloride plastic with at least five percent, by weight, of plasticizer content. A plasticizer is a material, such as a high boiling point organic solvent, that is incorporated into a vinyl to increase its flexibility, workability, or distensibility, and may be determined using ASTM Method E260-91 or from product formulation data.