Hynix JV definition

Hynix JV means Hynix-ST Semiconductor Ltd., a wholly foreign-owned entity established under the laws of the People’s Republic of China.
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Examples of Hynix JV in a sentence

  • To record the difference between the preliminary estimated fair value and the historical amount of equity method investment as described in note (f) above and the elimination of the effect on operations from Numonyx’s ownership in the Hynix JV, which are not ongoing.

  • Under the terms of the JV Agreement, the change in control of Numonyx due to its acquisition by the Company gave rise to certain rights of the parties to the JV Agreement to buy or sell or cause the other party to buy or sell their equity interests in the Hynix JV, including the right of Hynix to purchase all of the Company’s equity interest in the Hynix JV (the “Hynix Call Option”).

  • The Hynix JV was formed pursuant to a joint venture agreement originally entered into between STMicroelectronics N.V. (“ST”) and Hynix prior to the formation of Numonyx (as amended and restated, the “JV Agreement”).

  • On May 28, 2010, Hynix gave notice to the Company of its exercise of the Hynix Call Option to acquire the Company’s 20.7% interest in the Hynix JV, subject to regulatory approval.

  • Each ST Transferred Entity and, to the Knowledge of ST, the Hynix JV is, or will be, as of the Closing Date, qualified to conduct business and in good standing (to the extent such concept is recognized in such jurisdiction) in each jurisdiction in which it conducts the ST Business other than such jurisdictions where the failure to be so qualified would not reasonably be expected to have a ST Material Adverse Effect.

  • Pursuant to the JV Agreement, the exercise price of the Hynix Call Option is an amount equal to the positive difference between the book value of the Hynix JV’s total assets and the book value of the Hynix JV’s total liabilities, multiplied by the Company’s percentage ownership in the Hynix JV, estimated to be approximately $425 million.

  • The adjustment primarily reflects the following items: · Contingent liabilities of $66 million for uncertain tax positions (a significant portion for which the Company has recorded an indemnification asset in other noncurrent assets in the table above), and · Contingent liabilities of $15 million for the Company’s obligation, subject to certain conditions, to guarantee certain debt of the Hynix JV.

  • The ST Transferred Entities and, to the Knowledge of ST, the Hynix JV and their respective jurisdictions of organization are identified on Schedule 3.22(a).

  • The cooperation and facilitation contemplated by this section shall include introductions, telephone calls and reasonable international travel from time to time for meetings among the management of ST, Numonyx, Micron, Hynix, the Hynix JV and DBS.

  • In the event that Numonyx receives from Hynix a notice of an exercise of Hynix’s call right under Section 8.4 of the Hynix JV Agreement (such notice, a “Call Exercise Notice”), Numonyx will promptly notify ST of such event.

Related to Hynix JV

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  • snippetLinks [{"key":"specifically","type":"clause","offset":[20,32]},{"key":"provided-herein","type":"clause","offset":[33,48]},{"key":"at-the-closing","type":"clause","offset":[50,64]},{"key":"the-parties-shall","type":"clause","offset":[65,82]},

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