Spin Out definition
Examples of Spin Out in a sentence
Except as contemplated by the Spin Out, there are no outstanding Contracts or obligations of the Acquiror to repurchase, redeem or otherwise acquire any shares of capital stock of the Acquiror.
Cohen resigned as Chairman and CEO, and in consideration for the Spin- Out of both Saddle Ranch Pictures, Inc and certain digital programming assets representing the “African American Medical Network” to Mr. Cohen, he surrendered 40,000,000 common shares back to the Company’s Treasury.
Spin Out Transaction – Continued The Company’s September 30, 2008 balance sheet includes the historic values that were transferred from Kaminak in February 2008.
The financial information is derived from the Company’s initial history and carve-out from the financial statements of Callinan Mines prior to the Spin Out.
Except pursuant to the Reorganization and Spin Out, there are no Contracts or other obligations (contingent or otherwise) of the Acquiror to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital stock of, or other ownership interests in, any other Person or to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise) in any other Person.