Common use of Certain Company Acquired Assets Located in Mexico Clause in Contracts

Certain Company Acquired Assets Located in Mexico. The Company Acquired Assets of the Company Business that are located in Mexico and subject to a temporary importation customs regime shall be transferred by the applicable Company Asset Sellers to the applicable Company Asset Buyers in full compliance with any legal and/or administrative provision that may apply in order to, when applicable, preserve the relevant Acquired Assets’ temporary importation customs status. Specifically, the applicable Company Sellers shall transfer temporary imported Company Acquired Assets through the so-called “virtual export pedimentos” and the applicable Company Asset Buyers shall prepare and effectuate the so-called “virtual import pedimentos” as permitted under Mexican law and regulation. The applicable Company Asset Buyers and Sellers shall exercise reasonable commercial efforts and shall cooperate to effectuate these “virtual export/import” transactions.

Appears in 6 contracts

Samples: Master Disposition Agreement (Delphi Automotive PLC), Master Disposition Agreement (General Motors Co), Master Disposition Agreement (Delphi Corp)

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