GM Working Capital Backstop for Sale Facilities. (a) The Parties agree that the provisions of this section 4.04 are intended to provide Delphi with an agreed upon minimum recovery of the working capital that Delphi has invested in the Sale Businesses. The exercise of any Unsold Business Option under section 4.06 of this Agreement (other than with respect to the Saginaw E&C Assets), including the occurrence of any deemed transfer pursuant to section 4.06(c) of this Agreement, constitutes a sale under the provisions of this section 4.04.
Appears in 4 contracts
Samples: Master Restructuring Agreement (General Motors Corp), Management Services Agreement (Delphi Corp), Master Restructuring Agreement
