Examples of Held Separate Business in a sentence
In the event of non-compliance, Proximus shall not be liable for the malfunctioning of the Service, any possible Service Level Agreement will no longer apply and Proximus reserves the right to suspend the Service or to invoice the Customer for any additional costs to remedy these.
The remedy to address these competitive concerns often involves a mechanism that has been successfully deployed in the past, that of the Held Separate Business (“HSB”).
Study of the Commission’s Divestiture ProcessBureau of Competition of the Federal Trade Commission, 1999 HSB Challenges In order for the Held Separate Business to function properly and achieve its stated purpose, there are several issues or challenges that need to be addressed by the Trustee and HSB management.
Failure to involve the Trustee early in the completion of these foundational activities has resulted in later rework and, in some cases, has significantly delayed the implementation of effective Held Separate Business data security measures.
The activities typically undertaken during the Held Separate period (“HS period”) and their focus are identified in Exhibit 2.Exhibit 2 Major Focus Areas There are four phases in the lifecycle of the Held Separate Business, and the activities engaged in by the Trustee team vary depending on the phase that the HSB is in (Exhibit 3).