Spin-Off Notice Clause Samples
A Spin-Off Notice clause requires a party to formally notify the other party when a spin-off event is planned or has occurred. Typically, this involves providing written notice within a specified timeframe and may require the inclusion of relevant details about the spin-off, such as the entities involved and the effective date. The core function of this clause is to ensure transparency and allow affected parties to prepare for or respond to changes in corporate structure that could impact their rights or obligations under the agreement.
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Spin-Off Notice. At least twenty-five (25) Business Days prior to the effective date of any Spin-Off, notice of such Spin-Off together with such other information related thereto as reasonably requested by Administrative Agent, and to the extent available for disclosure (a “Spin-Off Notice”);