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Common use of Spinoff Clause in Contracts

Spinoff. Parent and the Company shall consummate the Spinoff on or before the Closing. The closing of the Spinoff shall be an express condition to the closing of the Merger.

Appears in 2 contracts

Sources: Agreement and Plan of Merger and Investment Agreement (MCS Inc), Agreement and Plan of Merger and Investment Agreement (Simione Central Holdings Inc)

Related Clauses

  • Recapitalization
  • Corporate Reorganization
  • Reorganization, etc
  • Section 368 Reorganization
  • Tax-Free Reorganization

Parent Clauses

  • Conditions to Each Party’s Obligation to Effect the Merger
  • Conditions to Each Closing
  • Definitions Loan and Investment
  • CONDITIONS TO OBLIGATIONS OF PURCHASER TO CLOSE
  • CONDITIONS TO OBLIGATIONS OF THE COMPANY AND PARENT TO CLOSE

Sub-Clauses

  • SPINOFF RELATED ITEMS
  • PARTICIPATION RIGHTS
  • INFORMATION FOR SHAREHOLDERS
  • ▇▇▇▇ RESTRICTIONS
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