Spinoff definition

Spinoff means a transaction in which the Transferor Plan transfers only part of its assets and/or liabilities to the Transferee Plan. The Transferee Plan may be a New Plan that is created in the Spinoff, or it may be a preexisting plan that simply receives part of the assets and/or liabilities of the Transferor Plan.

Spinoff means the distribution of 100% of the issued and outstanding Stock of the Borrower to the shareholders of BWC, to occur on or after the Closing Date, the result of which is that immediately thereafter 100% of the Stock of the Borrower shall be owned directly by the shareholders of BWC immediately prior to such Restricted Payment.

Spinoff shall have the meaning specified in the Recitals.

Examples of Spinoff in a sentence

• The Company submitted a spin-off proposal to the Hong Kong Stock Exchange pursuant to PN15 in relation to the Proposed Spin-off and the Hong Kong Stock Exchange has confirmed that the Company may proceed with the Proposed Spin-off.

• Shareholders and potential investors of the Company should be aware that there is no assurance that the Proposed Spin-off will take place or as to when it may take place.

• Following the completion of the Proposed Spin-off, JD Group will continue to operate, among others, online retail and marketplace e-commerce businesses offering a diverse range of products.

• Further announcement(s) will be made by the Company in relation to the Proposed Spin-off as and when appropriate.

• Those asset elements which are not included in the Spin-off final balance sheets of assets and liabilities and in the final inventories of assets shall be distributed between the Demerging Company and the Demergin Company by spin-off based on the Distribution of Assets Principle.

More Definitions of Spinoff

Spinoff has the meaning set forth in the ninth WHEREAS clause of this TMA.

Spinoff means Residential’s separation from Altisource Portfolio Solutions S.A., a public limited liability company organized under the laws of the Grand Duchy of Luxembourg pursuant to a Separation Agreement, dated as of December 21, 2012.

Spinoff means the distribution of all shares of common stock of the Borrower to the shareholders of XPO Logistics, Inc., which was consummated on August 2, 2021.

Spinoff means the separation of KBR from Halliburton through the Distribution.

Spinoff means the transaction in which the Equity Interests of certain of the Guarantors were contributed to the Company, and the Equity Interests of the Company were subsequently distributed by Capital Southwest Corporation to its shareholders.

Spinoff has the meaning specified in Preliminary Statement (1).

Spinoff means Jacobs Solutions Inc.’s spinoff of the Parent via the distribution described in the SpinCo Agreements.