Examples of Deferred Termination Agreements in a sentence
Approximately 99% of the dealers offered Deferred Termination Agreements accepted and executed those agreements and did so for good and sufficient consideration.
The Deferred Termination Agreements were offered as an alternative to rejection of the existing Dealer Sales and Service Agreements of these dealers pursuant to section 365 of the Bankruptcy Code and provide substantial additional benefits to dealers which enter into such agreements.
The Dealers who are parties to Deferred Termination Agreements shall not be required to transfer personally identifying information in violation of applicable law or existing privacy policies.
Executed Deferred Termination Agreements represent valid and binding contracts, enforceable in accordance with their terms.
Entry by GM into the Deferred Termination Agreements with accepting dealers is hereby approved.
All concerned with GM’s future knew that GM had to slim down and improve its dealer network, and that this required modifying dealer agreements before they were assumed and assigned—a process that led to the Participation Agreements.Similarly, as an alternative to simply leaving dealers who would otherwise be terminated in the lurch, GM proposed giving them a soft landing, in exchange for waivers of other rights – a process that led to the Deferred Termination Agreements.
Ex. B), terminating the Bombard Dealer Agreement “no earlier than January 1, 2010 and no later than October 31, 2 The Sale Order specifically provides that “Executed Deferred Termination Agreements represent valid and binding contracts, enforceable in accordance with their terms” (Sale Order ¶ 31) and that: This Court retains exclusive jurisdiction to enforce and implement the terms and provisions of this Order, the [Sale Agreement], .
The Sale Order granted exclusive jurisdiction to this Court to enforce and implement the provisions of the Sale Order, including Deferred Termination Agreements.
The MPA requires the Sellers to use their reasonable best efforts to enter into Deferred Termination Agreements with (i) all dealers associated with Continuing Brands who were not offered the opportunity (or who were extended the opportunity and declined) to enter into a Participation Agreement and (ii) all dealers associated with Discontinued Brands.
As part of the transactions approved by the 363 Sale Order, the Debtor entered into and assigned to New GM certain Deferred Termination Agreements or “Wind-Down Agreements” between the Debtor and certain of its authorized new motor vehicle dealers.