Ford Motor Credit Sample Clauses

Ford Motor Credit. The Company shall not permit any Disposition or issuance of the Capital Stock of FMCC that results in the Company owning, directly or indirectly, less than 49% of the outstanding Capital Stock of FMCC.
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Ford Motor Credit. The Company shall not permit any Disposition or issuance of the Capital Stock of FMCC that results in the Company owning, directly or indirectly, less than 49% of the outstanding Capital Stock of FMCC. The Company shall not permit any other Disposition or issuance of the Capital Stock of FMCC unless (i) in the case of a primary offering of Capital Stock of FMCC, the Net Cash Proceeds of such Disposition are reinvested in the business of FMCC within 15 months of such Disposition or, to the extent not so reinvested, are applied as a Mandatory Prepayment pursuant to Section 2.18(a) and (ii) in the case of a Disposition of the Capital Stock of FMCC by the Company or any Subsidiary thereof, the Net Cash Proceeds thereof in an amount equal to the product of the Eligible Value of such Capital Stock constituting Eligible FMCC Pledged Equity and the Advance Percentage therefor as set forth in the most recent Borrowing Base Certificate delivered to the Administrative Agent are applied as a Mandatory Prepayment pursuant to Section 2.18(a).
Sample 1
Ford Motor Credit. Prior to or at the Closing Time, the Company shall have received the consent of Ford Motor Credit under the Ford Motor Credit Facility for the issuance and sale of the Securities pursuant to the terms of this Agreement and the Indenture.
Sample 1
Ford Motor Credit. The Borrower shall not permit any Disposition or issuance of the Capital Stock of FMCC that results in the Borrower owning, directly or indirectly, less than 49% of the outstanding Capital Stock of FMCC. The Borrower shall not permit any other Disposition or issuance of the Capital Stock of FMCC unless (i) in the case of a primary offering of Capital Stock of FMCC, the Net Cash Proceeds of such Disposition are reinvested in the business of FMCC within 15 months of such Disposition or, to the extent not so reinvested are, unless such Credit Agreement Mandatory Prepayment Event shall have been waived, applied as a Credit Agreement Mandatory Prepayment Event pursuant to Section 2.18(a) of the Existing Credit Agreement and (ii) in the case of a Disposition of the Capital Stock of FMCC by the Borrower or any Subsidiary thereof, the Net Cash Proceeds thereof in an amount equal to the product of the Eligible Value of such Capital Stock constituting Eligible FMCC Pledged Equity and the Advance Percentage therefor as set forth in the most recent Borrowing Base Certificate delivered to the Administrative Agent are, unless such Credit Agreement Mandatory Prepayment Event shall have been waived, applied as a Credit Agreement Mandatory Prepayment Event pursuant to Section 2.18(a) of the Existing Credit Agreement.
Sample 1
Ford Motor Credit. Ford shall not permit any Disposition or issuance of the Capital Stock (as defined in Annex 1 (Defined Terms for Specific Representations, Warranties and Covenants of Ford) hereto) of FMCC that results in Ford owning, directly or indirectly, less than forty-nine percent (49%)of the outstanding Capital Stock (as defined in Annex 1 (Defined Terms for Specific Representations, Warranties and Covenants of Ford) hereto) of FMCC.
Sample 1

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