Split-Off Transaction definition

Split-Off Transaction means the series of transactions to be entered into pursuant to that certain letter of intent dated March 28, 2007, among the Company and the Significant Shareholders.”
Split-Off Transaction means the “Contribution” and the “Split-off,” in each case as such terms are defined in the Split-off Ruling.
Split-Off Transaction means the transactions effective February 12, 1997, whereby, inter alia, RAG transferred all of the shares of common stock of Taylor Capital Group to the Taylor Defendants, among others, in exchange for the 4.5 million shares of common stock of RAG owned by the Taylor Defendants, among others, which shares were transferred to RAG.

Examples of Split-Off Transaction in a sentence

  • Trade and other payables Group 31 December2017£Group 31 December2016£Company 31 December2017£Company 31 December2016£Trade payables753,381600,33132,36114,473Other taxes and social security91,241101,4626,2026,885Accruals and deferred income84,94784,39877,64872,282 929,569786,191116,21193,640 The Directors consider that the carrying amount of trade and other payables approximates to their fair value.

  • Subsequent to consummation of the Split-Off Transaction, there will be no public market for Spiral’s common stock, and the Spiral Management Team currently has no intention of listing Spiral’s common stock on a public market in the foreseeable future.

  • The Split-Off Transaction At the closing of the Split-Off Transaction, Spiral employees who choose to participate in the transaction will exchange shares of SPARTA common stock owned by such employees having an aggregate value of $2.2 million (determined based on the Formula Price of SPARTA’s common stock as of the closing date) for 100% of the outstanding Spiral common stock currently owned by SPARTA.

  • Later, during the two ground-based follow-up campaigns, three additional 8-d binary eclipses were also observed.

  • Through the effective date of the Split-Off Transaction, Spiral’s contract costs have been and will be included as part of SPARTA’s incurred costs, which have been audited and settled through fiscal 2004.

  • The Split-Off Transaction At the closing of the Split-Off Transaction, Spiral employees who elect to participate in the transaction will exchange shares of SPARTA common stock owned by such employees having an aggregate value of $2.2 million (determined based on the Formula Price of SPARTA’s common stock as of the closing date) for 100% of the outstanding Spiral common stock currently owned by SPARTA.

  • However, the establishment and maintenance of such a voluntary repurchase program will depend upon a number of factors, including the level of Spiral’s ongoing cash flow after the Split-Off Transaction, and will not likely occur until at least one year after the closing of the Split-Off Transaction.

  • In the Split-Off Transaction, SPARTA will acquire from those Spiral employees who elect to participate in the Split-Off Transaction, shares of SPARTA common stock with an aggregate value of $2,200,000, based on the “Formula Price” of SPARTA’s common stock as of the date of the consummation of the Split-Off Transaction.

  • Subsequent to the Split-Off Transaction, Spiral will be a stand-alone entity, totally independent of SPARTA.

  • Split-Off Transaction The transaction to divide the assets and liabilities of the Fine Chemicals Business from the assets and liabilities of Ferro’s businesses in the P.R.C. which are not related to the Fine Chemicals Business, which Split-Off Transaction shall be deemed effective upon the issuance of the New Business Licence of Ferro Suzhou by SIP AIC.


More Definitions of Split-Off Transaction

Split-Off Transaction means a transaction under which Halliburton offers shares of Common Stock that it owns to Halliburton’s stockholders in exchange for shares of Halliburton Common Stock.
Split-Off Transaction means the transaction described on Exhibit C.

Related to Split-Off Transaction

  • Spin-Off Transaction means a distribution by the Company to its shareholders of all or any portion of the securities of any Subsidiary of the Company.

  • As Of Transaction means any single or “related transaction” (as defined below) involving the purchase or redemption of Shares (including exchanges) that is processed at a time other than the time of the computation of the Fund’s net asset value per share next computed after receipt of any such transaction order by Price Services due to an act or omission of Price Services. “As Of Processing” refers to the processing of these As Of Transactions. All As Of Processing may only be performed in accordance with the requirements of Rule 22c-1 of the ’40 Act. Price Services is responsible for monitoring As Of Transactions procedures that set forth the circumstances under which As Of Transactions are permitted. If more than one As Of Transaction (“Related Transaction”) in the Fund is caused by or occurs as a result of the same act or omission, such transactions shall be aggregated with other transactions in the Fund and be considered as one As Of Transaction. · Reporting Price Services shall:

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Reorganization Transaction see clause (d) of the definition of “Change of Control.”

  • Merger has the meaning set forth in the Recitals.

  • Exchange Transaction means an exchange of Units for Common Units pursuant to, and in accordance with, the Exchange Agreement or, if the Issuer and the exchanging Limited Partner shall mutually agree, a Transfer of Units to the Issuer, the Partnership or any of their subsidiaries for other consideration.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the Shareholders. Such term does not include:

  • Interim Capital Transactions means the following transactions if they occur prior to the Liquidation Date: (a) borrowings, refinancings or refundings of indebtedness and sales of debt securities (other than Working Capital Borrowings and other than for items purchased on open account in the ordinary course of business) by any Group Member; (b) sales of equity interests by any Group Member (including the Common Units sold to the Underwriters pursuant to the exercise of their over-allotment option); and (c) sales or other voluntary or involuntary dispositions of any assets of any Group Member other than (i) sales or other dispositions of inventory, accounts receivable and other assets in the ordinary course of business, and (ii) sales or other dispositions of assets as part of normal retirements or replacements.

  • Merger Transaction means any merger, acquisition or similar transaction involving a recapitalization as contemplated by Rule 10b-18(a)(13)(iv) under the Exchange Act.

  • Reorganization Transactions shall have the meaning set forth in the recitals.

  • M&A Transaction means (i) the consolidation of the Company with, or a merger with or into, any third party, following which the Company’s stockholders immediately prior to such transaction, will own less than 50.1% of the surviving entity or the Company, as applicable, immediately following such transaction, or (ii) an acquisition or other transfer of all or substantially all of the Company’s securities or assets.

  • Merger Transactions means the Merger and the other transactions relating thereto or contemplated by the Merger Agreement.

  • Transaction Consideration has the meaning set forth in Section 11.7 hereof.

  • Distribution Transaction means any distribution of equity securities of a Subsidiary of the Company to holders of Common Stock, whether by means of a spin-off, split-off, redemption, reclassification, exchange, stock dividend, share distribution, rights offering or similar transaction.

  • Sale Transaction has the meaning set forth in Section 3(a).

  • De Minimis Transaction means a transaction in an equity security (or an equivalent security) which is equal to or less than 300 shares, or is a fixed-income security (or an equivalent security) which is equal to or less than $15,000 principal amount. Purchases and sales, as the case may be, in the same security or an equivalent security within 30 days will be aggregated for purposes of determining if the transaction meets the definition of a De Minimis Transaction.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Principal Transaction means any transaction between the Sponsor, the Manager or any of their respective Affiliates, on the one hand, and the Company or one of its Subsidiaries, on the other hand.

  • Transaction Size means Lot Size multiplied by number of Lots.

  • Exchange Agent Agreement has the meaning set forth in Section 2.5(a).

  • Date of Transfer means the date of registration of transfer of the Property into the name of the Purchaser in the Deeds Registry in Pietermaritzburg;

  • Stock Sale means a transaction or series of related transactions in which a Person, or a group of related Persons, acquires from stockholders of the Company shares representing more than fifty percent (50%) of the outstanding voting power of the Company.

  • Transaction Person with respect to a Transaction shall mean (i) any Person who (x) is or will become an Acquiring Person or a Principal Party (as such term is hereinafter defined) if the Transaction were to be consummated and (y) directly or indirectly proposed or nominated a director of the Company which director is in office at the time of consideration of the Transaction, or (ii) an Affiliate or Associate of such a Person.

  • Share Exchange Event shall have the meaning specified in Section 14.07(a).

  • Contactless Transaction means a Transaction that is authorised by you touching or holding your Card or linked device against or near a POS Terminal without the need to insert your Card.