Spinout Assets definition
Examples of Spinout Assets in a sentence
On the Asset Transfer Implementation Date, Cerro is required under the Share Scheme to transfer the Spinout Assets to Spinco in accordance with this document.
As of the date of this Agreement, the fair market value of the Spinout Assets is less than 50% of the fair market value of the Parent assets.
Expenditure Money the aggregate amount of all monies spent or amounts incurred by any entity within the Cerro Group in respect of the Spinout Assets or for the benefit of Spinco from and after the Scheme Implementation Deed and on or before the Asset Transfer Implementation Date, excluding any allocation for general and administrative overhead.
The asset purchase and assumption of liabilities agreement to effect the transfer of Spinout Assets and Spinout Liabilities to Spinco hereunder will become effective as of the Effective Date.
Asset Subsidiary any Subsidiary which forms part of the Spinout Assets.