Common use of Spinco Clause in Contracts

Spinco. Spinco was formed solely for the purpose of engaging in the Contemplated Transactions and it has not engaged in any business activities or conducted any operations other than in connection with the Contemplated Transactions. As of the date hereof, Spinco does not have any assets or liabilities other than those incident to its formation or related to the evaluation, negotiation and execution of the Transaction Documents.

Spinco. Spinco SpinCo was formed solely for the purpose of engaging in the Contemplated Transactions transactions contemplated by this Agreement, the Separation Agreement and it the Ancillary Agreements, and since the date of its incorporation, SpinCo has not engaged in any business activities or conducted any operations other than in connection with or as contemplated by this Agreement, the Contemplated Transactions. As of Separation Agreement or the date hereof, Spinco does not have any assets or liabilities other than those incident to its formation or related to the evaluation, negotiation and execution of the Transaction DocumentsAncillary Agreements.

Spinco. Spinco was formed solely for the purpose of engaging in the transactions contemplated by the Existing Agreements and the Contemplated Transactions and it has not engaged in any business activities or conducted any operations other than in connection with the transactions contemplated by the Existing Agreements and the Contemplated Transactions. As of the date hereof, Spinco does not have any assets or liabilities other than those incident to its formation or related to the evaluation, negotiation and execution of the Existing Agreements and the Transaction Documents.