Autoliv Board definition
Examples of Autoliv Board in a sentence
Autoliv shall be responsible for the payment of any fees for service on the Autoliv Board that are earned at, before, or after the Effective Time, and Veoneer shall not have any responsibility for any such payments.
Any determination made by the Autoliv Board prior to the Distribution concerning the satisfaction or waiver of any or all of the conditions set forth in Section 3.3 shall be conclusive.
This Agreement and any Ancillary Agreement (not including any Transfer Documents) may be terminated and the terms and conditions of the Distribution may be amended, modified or abandoned at any time prior to the Distribution Effective Time by and in the sole and absolute discretion of the Autoliv Board without the approval of any other Person, including the Veoneer Board or the stockholders of Autoliv or Veoneer.
No events or developments shall have occurred or exist that, in the judgment of the Autoliv Board, in its sole and absolute discretion, make it inadvisable to effect the Distribution or the other transactions contemplated hereby, or would result in the Distribution or the other transactions contemplated hereby not being in the best interests of Autoliv or its stockholders.
Notwithstanding any provisions hereof, the Autoliv Board may, in its sole discretion, at any time terminate this Agreement and/or abandon the Restructuring, whether or not it has theretofore approved this Agreement and/or the Restructuring.
The foregoing conditions are for the sole benefit of Autoliv and shall not give rise to or create any duty on the part of Autoliv or the Autoliv Board to waive or not waive such conditions or in any way limit Autoliv’s right to terminate this Agreement as set forth in Article VIII or alter the consequences of any such termination from those specified in such Article.
This Agreement and the transactions contemplated hereby, including the declaration of the Distribution, shall have been approved by the Autoliv Board, and such approval shall not have been withdrawn.
The Autoliv Board shall have obtained an opinion from a nationally recognized valuation firm, in form and substance satisfactory to Autoliv, with respect to the capital adequacy and solvency of Autoliv after giving effect to the Distribution.