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 means the intra-group reorganization whereby substantially all of the Company’s assets (including its shares and other interests in its direct subsidiaries and intellectual property), functions, contracts and employees will be transferred to Midco, substantially in accordance with the Reorg Steps Plan (as defined in the Lock-up Agreement).
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Examples of Hive Down in a sentence

  • Down Documents) and any documents that the Finance Parties may reasonably require to implement the Hive Down.

  • AF shall procure that after the Hive Down, AFOP shall comply with the provisions of this Clause 7.

  • Meetings of the AF Board (and the AFOP Board subsequent to the Hive Down) shall be conducted in French, and preparatory and working materials used for such meetings will be in French with an English translation.

  • The SMC shall render binding recommendations to the AF Board (or the AFOP Board subsequent to the Hive Down), the KL MB and the KL Supervisory Board.

  • The Parties agree that the KL CEO, the AF Chairman (or the AFOP Chairman subsequent to the Hive Down), the Combined Entities’ Chairmen (if any), the Combined Entities, and/or the Combined Entities’ Boards (if any) and/or any of the key officers of the Combined Entities, as the case may be, shall not make or implement any decisions falling within the scope of the SMC Matters before the SMC has rendered its binding recommendation.


More Definitions of Hive Down

Hive Down has the meaning ascribed to this term in the Scheme.
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Hive Down means the reorganisation of the Seller’s Group in order to achieve the Hive-Down Objective in accordance with, and subject to, the terms of this Agreement;
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Hive Down has the meaning ascribed to it in Clause 11.2;
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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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Hive Down means the hive down of the Company’s assets, liabilities, obligations, contracts and other operations into the Issuer Group pursuant to the Hive Down Principles and the Hive Down Implementation Paper.
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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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