Hive Down definition

Hive Down shall have the meaning given to such term in paragraph 23.1 of the Implementation Plan.
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Hive Down means the contribution by Essilor of substantially all of its activities (subject to the apport-scission regime) into one of its wholly-owned subsidiary named Delamare Sovra and renamed “Essilor International” as from the Closing Date of the Hive-Down. The Hive-Down closed on November 1, 2017 (the “Closing Date of the Hive-Down”);
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Hive Down has the meaning ascribed to this term in the Scheme.
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Examples of Hive Down in a sentence

  • In parallel, completion of the Hive-Down is also anticipated to take place by April 2021, subject to also receiving the required corporate and regulatory approvals.

  • While CTP constantly aims to establish the optimal group structure, it does not intend – with the exception of the Merger and the Hive-Down (as each defined in Section 8.7) – to change the future business activity, registered office and location of essential parts of CTP, the use of assets, future obligations, employees and their representations, members of the governing bodies and the material conditions of employment of CTP in connection with the completion of the Offer.

  • Except for the intended acquisition of DIR Shares as a result of the Offer, no other effects on the assets, financial and earnings position of the Bidder are taken intoaccount which have occurred since September 30, 2021 or may occur in the future, in particular the intended Merger and Hive-Down are not taken into account.

  • Please also see “Risk Factors – Risks relating to the Bank’s business - The Bank’s announced strategic plan involves regulatory and execution risks and the Hive-Down could structurally subordinate the claims of the Noteholders against the Bank”.

  • Each of the Shareholder and the Issuer has the power to effect and complete, and has taken all necessary action to effect and complete, the Hive-Down.

  • The implementation of the Hive-Down is subject to the German tax authorities issuing a positive binding ruling on certain tax issues resulting from the Hive-Down; by way of clarification, it is pointed out that no tax ruling will be obtained on the Merger, so that no reservation exists in this respect.

  • No debt or liability was assumed by the Issuer in the Hive-Down other than the Pre-Closing SOM Debt, the Contingent SOM Debt, and the Contingent Claimant Debt.

  • Following the Hive-Down (as described in paragraph 2.3 below), the grabs business of SMAG is now concentrated solely in NewCo. Based on publicly available information, SMAG is not listed on any stock exchange.

  • With respect to the Spin-Off Assets and the Hive-Down Assets, Daimler AG warrants that it is the owner of the Daimler Truck Shares at the respective time of consummation, that it is entitled to freely dispose of the Daimler Truck Shares and that these are not encumbered with third-party rights.

  • The completion of the Hive-Down was a condition precedent to the completion of the Contribution.


More Definitions of Hive Down

Hive Down has the meaning ascribed to it in Clause 11.2;
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Hive Down means the demerger of the Issuer by way of hive-down of its banking sector, which includes the assets and liabilities related to the exercise of banking business, into a new wholly-owned subsidiary ("New Alpha Bank"), pursuant to article 16 of Greek law 2515/1997, par. 3 of article 54, par. 3 of article 57 and articles 59-74 (inclusive) and 140 of Greek law 4601/2019, as in force.
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Hive Down means the hive-down of certain assets and liabilities of the Shareholder to the Issuer effected through:
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Hive Down means the transfer of the UK Business under and in accordance with the terms and conditions of the Hive Down Agreement;
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Related to Hive Down

  • Shut down means a condition or conditions wherein a piece of equipment or system cannot be operated by the device or control that a homeowner should normally use to operate it. If its safety switch or circuit breaker is in the "off" position, or its fuse is missing or blown, the inspector is not required to reestablish the circuit for the purpose of operating the equipment or system.

  • Sales Agreement means the agreement between the Client and the Partner for the sale of Goods in accordance with the Order.

  • Anaerobic digestion ’ means a controlled process involving microbial decomposition of organic matter in the absence of oxygen ;

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • Agreement End Date has the meaning specified in Section 10.1(e).

  • Placement Agency Agreement means the Placement Agency Agreement by and between the Company and the Placement Agent dated the date hereof.

  • Substance use disorder means a cluster of cognitive,

  • Write-Down Amount means, for any Collection Period for any 180-day Receivable or Repossessed Receivable, the excess of (a) the Principal Balance plus accrued and unpaid interest of such Receivable as of the last day of the Collection Period during which such Receivable became a 180-day Receivable or Repossessed Receivable, as the case may be, over (b) the estimated realizable value of such Receivable, as determined by the Servicer in accordance with its normal servicing procedures for the related Collection Period, which amount may be adjusted to zero by the Servicer in accordance with its normal servicing procedures if such Receivable has ceased to be a 180-day Receivable as provided in the definition of “180-day Receivable.”

  • Body piercing means the creation of an opening in a human body for the purpose of inserting jewelry or other decoration. "Body piercing" includes, but is not limited to, the piercing of an ear, including the tragus, lip, tongue, nose, or eyebrow. "Body piercing" does not include the piercing of an ear, except for the tragus, with a disposable, single-use, presterilized stud and clasp or solid needle that is applied using a mechanical device to force the needle or stud through the ear.

  • External beam radiation therapy means therapeutic irradiation in which the source of radiation is at a distance from the body.

  • Automated external defibrillator means a defibrillator device to which all of the following apply:

  • Waterborne disease outbreak means the significant occurrence of an acute infectious illness, epidemiologically associated with the ingestion of water from a public water system which is deficient in treatment, as determined by the Division.

  • Malt beverage or "malt liquor" means any beverage such as

  • Placement shall have the meaning ascribed to such term in Section 2(c).

  • Local public body means every political subdivision of the state and the agencies, instrumentalities and institutions thereof, including two-year post-secondary educational institutions, school districts and local school boards and municipalities, except as exempted pursuant to the Procurement Code.

  • Alcoholic beverage means a beverage that:

  • Taxidermist means a person who, for commercial purposes,

  • Public nuisance means a building that is a menace to the public health, welfare, or safety, or that is structurally unsafe, unsanitary, or not provided with adequate safe egress, or that constitutes a fire hazard, or is otherwise dangerous to human life, or that in relation to the existing use constitutes a hazard to the public health, welfare, or safety by reason of inadequate maintenance, dilapidation, obsolescence, or abandonment. “Public nuisance” includes buildings with blighting characteristics as defined by Iowa Code section 403.2.

  • Common Channel Signaling (“CCS”) is a method of digitally transmitting call set-up and network control data over a digital signaling network fully separate from the public switched telephone network that carries the actual call.