Examples of Spinoff Date in a sentence
To the extent the Spin-off has not been consummated on or prior to the Closing Date, upon consummation of the Spin-off, each of the Guarantors shall become a party to (i) this Agreement by executing the Joinder Agreement, (ii) the Indenture by executing the Supplemental Indenture and (iii) the Registration Rights Agreement by executing the Registration Rights Agreement Joinder, in each case, dated the Spin-off Date.
On the Spin-off Date, the Credit Agreement will have been duly authorized, executed and delivered by the Company and each of the Guarantors and will constitute a valid and legally binding agreement of the Company and each of the Guarantors, enforceable against the Company and each of the Guarantors in accordance with its terms, subject to the Enforceability Exceptions.
Not later than the 60th day following the Pension Spinoff Date for Inactive Pension Participants, the Seller shall prepare and deliver to the Buyer a statement (the “Pension Funding Statement for Inactive Pension Participants”) setting forth the Seller’s enrolled actuary’s calculation of the Net Pension Liability for Inactive Pension Participants (such amount, as determined pursuant to this Section 2.4(b) and Section 2.4(c), the “Final Net Pension Liability for Inactive Pension Participants”).
The spin-off shall be financed by decreasing, on the Spin-off Date, the Divided Company’s equity other than its share capital, pursuant to Article 396 § 5 of the CCC in conjunction with Article 542 § 4 of the CCC.
Our 10,927 international units make us the second largest QSR company outside theU.S. TRICON became an independent, publicly owned company on October 6, 1997 (the "Spin-off Date") via a tax-free distribution of our Common Stock (the "Distribution" or "Spin-off") to the shareholders of our former parent, PepsiCo, Inc.