Issuance of Note. On the Original Effective Date, as consideration for the agreement of the parties hereto to enter into the UAW Retiree Settlement Agreement, the Issuer has issued the Initial Note in the amount of $2,500,000,000 pursuant to the terms and conditions of the Existing Note Agreement.
Appears in 2 contracts
Samples: Guaranty and Security Agreement (General Motors Co), Guaranty and Security Agreement (General Motors Co)
Issuance of Note. On the Original Effective Date, as As consideration for the agreement of the parties hereto thereto to enter into the UAW Retiree Settlement Agreement, the Issuer has issued the Initial Note in the amount of $2,500,000,000 pursuant to the terms and conditions of the Existing Note this Agreement.
Appears in 2 contracts
Samples: Guaranty and Security Agreement (General Motors Co), Guaranty and Security Agreement (General Motors Co)
