Spin Transaction definition

Spin Transaction means the distribution by HPE to the shareholders of the common stock of Xxxxxxx as described in the Form S-4, and in accordance with the Separation Agreement and in other filings made by HPE and CSC with the SEC.

Spin Transaction means the internal legal reorganization of EHI separating its personal care and household products businesses and the spin-off of the Borrower and EHI’s Subsidiaries in a tax-free distribution to its shareholders as described in the Form 10 originally filed as of February 6, 2015 and amended as of March 25, 2015, May 11, 2015 and May 27, 2015 and in accordance with the separation agreement described therein and in other filings made by EHI with the Commission prior to the Escrow Date, with any changes thereto that are not materially adverse to the lenders (or otherwise consented to by the Administrative Agent).

Spin Transaction means the internal legal reorganization of Borrower separating its personal care and household products businesses and the spin-off of the Borrower and Edgewell’s Subsidiaries in a tax-free distribution to its shareholders as described in the Form 10 originally filed as of February 6, 2015 and amended as of March 25, 2015, May 11, 2015 and May 27, 2015.

Examples of Spin Transaction in a sentence

• For more than two decades, Exelon Generation has been—and after the Spin Transaction, will continue to be—an NRC-licensed owner and/or operator.

• The Credit Parties will not, and will not permit any Subsidiary to, consent to or permit any alterations, amendments, modifications, releases, waivers or terminations of any Spin Transaction Document to which it is a party, the Additional Secured Senior Debt or the Additional Unsecured Senior Debt, if such alterations, amendments, modifications, releases, waivers or terminations would have a Material Adverse Effect, be materially adverse to the Lenders or not be commercially reasonable to the Borrower.

• Subsidiaries of EHI that will become Subsidiaries of the Borrower in connection with the Spin Transaction are subject to restrictions and conditions in the indentures for the public notes and credit facilities of EHI as of June 1 , 2015.

• Use the proceeds of the Advances and Letters of Credit (i) to consummate the Spin Transaction, (ii) to provide for working capital to the Borrower and its Subsidiaries, (iii) to pay fees and expenses related to this Agreement, (iv) for other general corporate purposes not in contravention of any Law or of any Loan Document and (v) to finance acquisitions in accordance with the terms of this Agreement.

• The Credit Parties shall not, and shall not permit any Subsidiary to, enter into any transaction of any kind with any Affiliate of the Credit Parties, other than (a) arm’s-length transactions with Affiliates, (b) transactions otherwise permitted hereunder, (c) transactions with Affiliates in the ordinary course of business, (d) the Spin Transaction Documents and (e) sales of accounts receivable, or participations therein, or any related transaction, in connection with any Permitted Receivables Financing.

More Definitions of Spin Transaction

Spin Transaction means the pro rata distribution by DXC to its shareholders of the common stock of the Company as described in the Form 10 and in accordance with the separation and distribution agreement described therein (the “Separation Agreement”) and in other filings made by DXC with the SEC prior to the Closing Date, with any changes thereto that are not materially adverse to the Lenders (or that are consented to by the Administrative Agent).

Spin Transaction means the contribution and distribution, taken together, described in Section 3.10 and Section 3.11, respectively, of the Master Reorganization Agreement entered into among Ceridian Holding Corp., Ceridian Intermediate Corp., Foundation Holding, Inc., Ceridian Corporation and the other parties signatory thereto dated as of October 1, 2013.

Spin Transaction means the distribution by CSC to its shareholders of the common stock of the Company as described in the Form 10, and in accordance with the separation agreement described therein and in other filings made by CSC with the SEC prior to the Closing Date, with any changes thereto that are not materially adverse to the Lenders (or that are consented to by the Agents).

Spin Transaction means the distribution, following the separation of the Borrower’s business into two separate companies consisting of an Information Services business and an Order Management & Numbering Services business, by the Borrower of the equity of one of such separate businesses to its shareholders.

Spin Transaction the internal legal reorganization of Manitowoc separating its cranes and foodservice businesses into two independent, publicly-traded companies (the “Separation”) to consist of (i) the Borrower, which will be the spun-off entity that will own and operate Manitowoc’s foodservice business, and (ii) Manitowoc, which will own and operate the other business, it being understood and agreed that the spin-off transaction related to the foregoing shall be as described in the Form 10 filed by the Manitowoc with the United States Securities and Exchange Commission on September 1, 2015, as amended by Amendment 1 thereto filed October 6, 2015 and Amendment 2 thereto filed November 9, 2015 (as amended by the foregoing and pursuant to any other filings made by Manitowoc with the United States Securities and Exchange Commission prior to the Escrow Date to the extent such amendments are acceptable to the Administrative Agent), the “Form 10”) and in accordance with the separation agreement described therein.

Spin Transaction means a transaction in which the equity interests in the general and limited partners of the Company would be contributed to a corporation held by a subsidiary of CVC which would then be distributed to CVC and by CVC to its then existing shareholders, on substantially the same terms and subject to the conditions described in the filing dated November 24, 2009 of Madison Square Garden, Inc. on Form 10 under the SEC rules (with any differences not being, in the aggregate, materially adverse to the interests of the Lenders).

Spin Transaction means (i) the transfer of the Capital Stock of Performance Guarantor by Exelon to SpinCo and (ii) the pro rata distribution of the Capital Stock of SpinCo to the holders of Exelon’s common stock, at which point SpinCo will become a separate, independent publicly traded company.