Common use of Transfer of Certain Sale Securities Clause in Contracts

Transfer of Certain Sale Securities. In order to effectuate the sale of the Sale Securities pursuant to Section 2.1.1 or Section 2.1.2 hereof, Sellers may, prior to Closing and after consultation with the applicable Buyers, transfer certain of the Sale Securities to special purpose vehicles in the form of intermediate holding companies provided that such transfer does not adversely affect the applicable Buyers or their interests in such Sale Securities. In the event of any such transfer, the shares of the intermediate holding company will become the Sale Securities transferred hereunder.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Transfer of Certain Sale Securities. In order to effectuate the sale of the Sale Securities pursuant to Section 2.1.1 or Section 2.1.2 hereof, Sellers may, prior to Closing and after consultation with the applicable Buyers, transfer certain of the Sale Securities to special purpose vehicles in the form of intermediate holding companies provided that such transfer does not adversely affect the applicable Buyers or their interests in such Sale Securitiescompanies. In the event of any such transfer, the shares of the intermediate holding company will become the Sale Securities transferred hereunder.

Appears in 2 contracts

Samples: Master Disposition Agreement, Master Disposition Agreement

AutoNDA by SimpleDocs

Transfer of Certain Sale Securities. In order to effectuate the sale of the Sale Securities pursuant to Section 2.1.1 or Section 2.1.2 hereof, the Sellers may, prior to Closing and after consultation with the applicable BuyersBuyer Parent, transfer certain of the Sale Securities to special purpose vehicles in the form of intermediate holding companies provided that such transfer does not adversely affect the applicable Buyers or their interests in such Sale Securitiescompanies. In the event of any such transfer, the shares of the intermediate holding company will become the Sale Securities transferred hereunder.

Appears in 1 contract

Samples: Master Sale and Purchase Agreement (Delphi Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.