Examples of Spin-Off in a sentence

If any dividend or distribution that constitutes a Spin-Off is declared but not so paid or made, the Conversion Rate shall be immediately decreased, effective as of the date the Board of Directors determines not to pay or make such dividend or distribution, to the Conversion Rate that would then be in effect if such dividend or distribution had not been declared or announced.
Except as expressly set forth in this Agreement, the covenants in this Agreement and the Liabilities for the breach of any obligations in this Agreement shall survive the Spin-Off and shall remain in full force and effect.
The adjustment to the Conversion Rate pursuant to this Section 5.05(A)(iii)(2) will be calculated as of the Close of Business on the last Trading Day of the Spin-Off Valuation Period but will be given effect immediately after the Open of Business on the Ex-Dividend Date for the Spin-Off, with retroactive effect.
Such adjustment shall occur on the tenth Trading Day from, and including, the effective date of the Spin-Off.
Except as expressly set forth in this Agreement, the covenants and indemnification obligations in this Agreement shall survive the Spin-Off and shall remain in full force and effect.

More Definitions of Spin-Off

Spin-Off has the meaning specified in Section 7.04(c).

Spin-Off means a dividend or other distribution of shares of capital stock of any class or series, or similar equity interests, of or relating to a subsidiary or other business unit of the Corporation.

Spin-Off has the meaning set forth in the Recitals.

Spin-Off has the meaning specified in Section 10.04(c).

Spin-Off shall have the meaning set forth in the recitals hereto.

Spin-Off has the meaning set forth in Section 5.05(a)(iv).