Internal Contribution definition

Internal Contribution has the meaning set forth in the recitals hereto.

Internal Contribution means, with respect to an Internal Distribution, any contribution of assets to the Entity whose shares are distributed in the Internal Distribution, provided that this contribution is contemplated in the Reorganization Step Plan to constitute part of a reorganization described in Section 368(a)(1)(D) of the Code.

Internal Contribution means the contribution of specified assets by VMSN to Internal SpinCo pursuant to the Separation and Distribution Agreement.

Examples of Internal Contribution in a sentence

• For the purpose of clarification, ConocoPhillips reserves all rights, and no license is granted herein to Xxxxxxxx 66 Company under Existing ConocoPhillips Group Patents to make, have made, use, offer to sell, sell and import any and all products and services other than in the conduct of the Xxxxxxxx 66 Business as of the Internal Contribution Date.

• For purposes of clarity, the Parties understand and agree that the purpose of the Software licenses granted herein is to allow to continue after the Internal Contribution Date certain incidental uses by one Group of the other Group’s Software which have taken place in the Groups prior to the Internal Contribution Date and neither Group shall seek to use any license to Software granted hereunder to exploit Software in a manner that was not granted prior to the Internal Contribution Date.

• The Tax Matters Agreement will govern Demand Media’s and Rightside’s respective rights, responsibilities and obligations after the Distribution with respect to Taxes, including ordinary course of business Taxes and Taxes, if any, incurred as a result of any failure of the Internal Contribution, together with the Distribution, to qualify as a transaction that is tax-free for U.S. federal income tax purposes.

• After the Internal Contribution Date, a Group creating a Derivative Work of Software licensed from another Group shall own all rights in and to the particular modifications, additions or changes made to such Software by the creating Group, subject to the Intellectual Property rights of the licensing Group.

• Notwithstanding anything to the contrary herein, the Party in possession of the licensed Software need only furnish a copy of such software in the form in which it existed as of the Internal Contribution Date and in no event shall a Party be required to furnish to the other Party any upgrades, updates, enhancements or other modifications to the licensed Software.

More Definitions of Internal Contribution

Internal Contribution means any internal separation of the SpinCo Assets and SpinCo Liabilities from the Parent Assets and Parent Liabilities (a) held by certain subsidiaries of Parent and (b) in a transaction intended to qualify, for U.S. federal income Tax purposes, as a contribution that is generally tax-free pursuant to Section 351(a) of the Code.

Internal Contribution shall have the meaning set forth in the Separation and Distribution Agreement.

Internal Contribution means the deemed contribution of assets to Internal Controlled upon its conversion to a state law corporation, pursuant to the Plan of Reorganization and the Separation and Distribution Agreement.

Internal Contribution has the meaning set forth in the Ruling Request.

Internal Contribution means the contribution by ConocoPhillips Company to Xxxxxxxx 66 Company of any Xxxxxxxx 66 Assets held directly by ConocoPhillips Company in exchange for (a) the assumption by Xxxxxxxx 66 Company of any Xxxxxxxx 66 Liabilities from ConocoPhillips Company, and (b) shares of common stock, par value $0.01 per share, of Xxxxxxxx 66 Company.

Internal Contribution shall have the meaning set forth in the Recitals.

Internal Contribution means the contribution of specified assets, including (i) the stock of AB, (ii) approximately $10,080,000 in cash, (iii) the stock of PayPal International Treasury Centre Sarl, (iv) the stock of PayPal Network Information Services (Shanghai) Co., Ltd., and (v) certain assets utilized in various customer service, research and development, and administrative functions performed by certain individuals employed by Xxxxx 00, Xxxxx 00, Xxxxx 98, and China 311 for the PayPal Payments Business in China, by eBay AG to 3P Holdings pursuant to the Separation and Distribution Agreement.