Hive-Out definition
Hive-Out means the transfer of certain leasehold property, undertaking rights and assets of North American (UK) Limited to Pickfords Limited pursuant to a hive out agreement dated 29 October 2004 (the Hive-Out Agreement);
Hive-Out means the potential restructuring of the Project such that the Refinery Business is hived-out of the existing TNCL structure in accordance with certain principles as may be agreed between the Parties from time to time, resulting in the Refinery Business being divested to a newly incorporated or existing company.
Examples of Hive-Out in a sentence
Save as comprised in the assets to be transferred by it pursuant to the Hive-Out Agreements, the Company does not own or occupy any property.