Examples of Spinco Reorganization in a sentence
There must be exactlytwo parameters, and we are sure that the file contains both of them.
Parent and Spinco have entered into a Separation Agreement (such agreement, as amended, restated or modified from time to time, the “Separation Agreement”) pursuant to which Parent and Spinco have set out the terms on which, and the conditions subject to which, they wish to implement the Spinco Reorganization (as defined in the Separation Agreement) and the Distribution (as defined in the Separation Agreement).
The High Court responded, however, that implicit in the notion of circumvention is that the expenditure is derived from a single source, notwithstanding that it is made by two legally distinct bodies.45 The Court regarded unions as separate organisations with their own separate funds and noted that the objectives of unions in electoral expenditure might not always be coincident with those of a political party.
Except as expressly set forth in any Ancillary Agreement, the covenants, representations and warranties contained in this Agreement and each Ancillary Agreement, and liability for the breach of any obligations contained herein, will survive each of the Spinco Reorganization, the Recapitalization and the Distribution and will remain in full force and effect.
As of the date hereof, Spinco is a direct, wholly owned Subsidiary of Burgundy that, subject to the terms of the Separation Agreement, following the Spinco Reorganization will own, directly or indirectly, the Spinco Assets, and will have assumed, directly or indirectly, the Spinco Liabilities, all as provided in the Separation Agreement.
Except for such cases in which Parent is required under applicable Law to pay a Spinco Employee an amount in respect of such Spinco Employee’s accrued vacation as a result of the Spinco Reorganization or the Distribution, the Spinco Group shall honor all unused vacation of each Spinco Employee during the calendar year in which the Business Transfer Time occurs.
For the avoidance of doubt, any Taxes payable by Spinco in connection with the transfer of the fully paid ordinary share of Kali Metals Limited held by Karora to Spinco pursuant to the Spinco Reorganization or otherwise shall be the responsibility of Spinco up to an aggregate of $2,000,000.
Prior to or concurrently with the Spinco Reorganization, Spinco, together with the other members of the Spinco Group, will enter into the Spinco Financing Arrangements and incur the debt contemplated thereby, all on such terms and conditions as are contemplated by the Spinco Commitment Letter and Spinco Related Letter and the Burgundy Commitment Letter and the Burgundy Related Letter, as further described in the Merger Agreement.
Target shall claim an amount of credits, deductions or other amounts as determined by Spinco but not exceeding the maximum amount of all credits, deductions or other amounts available to it for its taxation year ended October 31, 2010 and its taxation year that includes the Spinco Reorganization.
The major sources of income are from product sales of its surface modification kits including its Mix and Go products.