Spin Out definition

Spin Out shall have the meaning set forth in Section 2.9(b).

Spin Out has the meaning set forth in the recitals.

Spin Out has the meaning set forth in Section 4.5.

Examples of Spin Out in a sentence

• In addition to the chronological order in which the transactions and events set out in Section 3.1 will occur and will be deemed to occur, the time on the Effective Date for the exchange of Class A Shares for New Common Shares and Spin-Out Shares set out in Section 3.1(e) will occur and will be deemed to occur immediately after the time of listing of the New Common Shares on the TSXV and the listing of the Lions Bay Shares on the CSE on the Effective Date.

• Any Common Shares traded after the Distribution Record Date will represent New Common Shares as of the Effective Date and will not carry any rights to receive Spin-Out Shares.

• Any Class A Shares or Spin-Out Shares not distributed as a result of so rounding down will be cancelled by Bearing and Lions Bay, as applicable.

• Without limiting the generality of the foregoing, any New Common Shares or Spin-Out Shares so deducted and withheld may be sold on behalf of the person entitled to receive them for the purpose of generating cash proceeds, net of brokerage fees and other reasonable expenses, sufficient to satisfy all remittance obligations relating to the required deduction and withholding, and any cash remaining after such remittance will be paid to the person forthwith.

• Notwithstanding the foregoing, any amendment, modification or supplement to this Plan of Arrangement may be made following the granting of the Final Order unilaterally be Bearing, provided that it concerns a matter which, in the reasonable opinion of Bearing, is of an administrative nature required to better give effect to the implementation of this Plan of Arrangement and is not adverse to the financial or economic interests of any holder of New Common Shares or Spin-Out Shares.

More Definitions of Spin Out

Spin Out means the transaction (or series of transactions) whereby the Lender distributes all of the shares of common stock of the Parent Borrower to the holders of the Series A Non-Voting Preferred Stock of the Lender, immediately after which all shares of the Series A Non-Voting Preferred Stock of the Lender are cancelled.

Spin Out means either:

Spin Out means the transactions described in that certain Asset Transfer Agreement by and between the Company and NuTech Spine, Inc. dated as of the Closing Date.

Spin Out means a company established by University Personnel for the purpose of developing and commercialising University Intellectual Property;

Spin Out means the distribution by Bevo to its shareholders of the Common Shares previously held by Bevo.

Spin Out means the transaction (or series of transactions) whereby the Holder distributes all of the shares of common stock of the Company to the holders the Series A Special Non-Voting Preferred Stock of the Holder, immediately after which all shares of the Series A Non-Voting Preferred Stock of the Holder are cancelled. All interest on the principal balance of the Drawdowns outstanding hereunder shall be payable at the rate of 8% per annum, and shall be due and payable to the Holder on the Maturity Date and on any other date on which principal of this Note is repaid or prepaid. Interest shall be computed on the basis of a 360-day year.

Spin Out means the transactions relating to the spin out of Prosperity from Evolving Gold, including the transfer of the Kiyuk Option to Prosperity, the filing and clearance of this Prospectus, and the Dividend.