Belgian Excluded Liabilities definition
Belgian Excluded Liabilities means the liabilities and obligations of the Belgian Assets Sellers described on Exhibit H-2.
Belgian Excluded Liabilities means the liabilities and obligations of the Belgian Assets Sellers described on Exhibit H-2. “Belgian Excluded Tax Liability” has the meaning set forth in Exhibit H-2.
Belgian Excluded Liabilities means the liabilities and obligations of the Belgian Assets Sellers described on Exhibit H-2. “Belgian Excluded Tax Liability” has the meaning set forth in Exhibit H-2. “Belgian ▇▇▇▇▇” means the Belgian branch of GMAC Continental Corporation or, after completion of the relevant Reorganization Transaction referred to in Exhibit 6.4(a)(ii), of a Sellers’ Retained Group Company or a Target Group Company. “Belgian Legacy Pension Liabilities” means the legacy pension liabilities of the Belgian Assets Sellers to (i) Belgian Retirees and (ii) Belgian Vested Former Employees with respect to their entitlements to deferred benefits deriving from the Belgian Assets Sellers’ Pension Plans as at the Closing Date. “Belgian Pension Assets Transfer” means the transfer by the Belgian Pension Fund to the pension institution of the Buyer (or the relevant Buyer Designee) (the “Buyer Designated Pension Institution”), of all pension assets under any Belgian Assets Seller’s Pension Plans for (i) the Belgian Active Plan Members who will transfer to the relevant Buyer Designee by operation of the Belgian Collective Bargaining Agreement 32bis and (ii) if the transfer of the Belgian Dealership Business is completed as a sale of a line of business, the Belgian Vested Former Employees and the Belgian Retirees, in each case, belonging to the Belgian Dealership Business, who elect to receive pension benefits from the Buyer Designated Pension Institution. “Belgian Pension Fund” means General Motors Pensioenfonds OFP, an organization for financing pensions (organisme voor de financiering van pensioenen) incorporated under the Laws of Belgium, with registered office at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, registered with the Belgian Crossroads Bank for Enterprises under number 0446.069.346 (RPR Antwerp). “Belgian Retirees” means any person receiving retirement benefits (begunstigden) within the meaning or Article 2, 6° of the Belgian Law of October 27, 2006 on the Supervision of Institutions for Occupational Retirement Provision (Wet betreffende het toezicht op de instellingen voor bedrijfspensioenvoorziening). “Belgian Transactions” has the meaning set forth in Section 6.4(g). “Belgian Transferred Assets” means all of the assets, properties, interests, rights and claims, whether tangible or intangible, real or personal, fixed or current, movable or immovable of the Belgian Assets Sellers (including, for the avoidance of doubt, contractual arrangements to which any Belgian Asset...
Examples of Belgian Excluded Liabilities in a sentence
In addition, the Parties shall have the right (by mutual consent with both Parties acting reasonably) to convert the Belgian Transactions to a transfer of all the shares of the Belgian Assets Sellers to a Buyer Designee subject to a carve-out of the Belgian Excluded Liabilities from the Belgian Assets Sellers.