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 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.”

Examples of Spin Out in a sentence

• On June 7, 2011 at a Special Meeting of shareholders the Spin-Out Proposal was approved and on July 13, 2011 the arrangement was finalized.

• In the event that such entity resulting from the HomeAdvisor Spin-Out is acquired by a third Person, such sublicense will not extend to any products, business or operations of such third Person.

• In anticipation of this Spin-Out Proposal, Callinex was incorporated on April 21, 2011.

• In the event that such entity resulting from the IAC Spin-Out is acquired by a third Person, such sublicense will not extend to any products, business or operations of such third Person.

• Notwithstanding the foregoing, in the event of a transaction whereby an entity that was a Subsidiary of NewCo engaged in a line of business ceases to be a member of the HomeAdvisor Group (each, a “HomeAdvisor Spin-Out”), such entity may retain, by way of a sublicense, any licenses granted or sublicensed to it hereunder, but only with respect to the line of business in which it is engaged at the time of such HomeAdvisor Spin-Out and natural extensions thereof.

More Definitions of Spin Out

Spin Out has the meaning set forth in Section 4.5.

Spin Out means either:

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 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.

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.