Examples of Ford Entities in a sentence
The Class B Common Stock Option may be exercised by Ford (or any Ford Entity to which all or any part of the Class B Common Stock Option has been assigned) for a number of shares equal to or less than the number of shares that are necessary for the Ford Entities to maintain, in the aggregate, the percentage of the then-outstanding shares of Common Stock of Hertz that is equal to the then-current Ownership Percentage.
Ford/ACH, and the Other Ford Entities agree not to file any Proofs of Claim for rejection damages and release and discharge the Debtors from claims resulting from the rejected Purchase Orders and agreements.
Ford, ACH, and Other Ford Entities will have no obligation concerning Restructuring Costs incurred by Visteon in connection with any current or future Restructuring Actions, except (a) for reimbursement by Ford or Other Ford Entities of Restructuring Costs specified in Section 3.01 (and Separate Agreements) and (b) as agreed in connection with the Berlin Restructuring Actions.
No Party may assign any of its rights or obligations under this Agreement, without the prior written consent of the other Parties, which may be withheld in a Party’s sole discretion, provided that each Party represents and warrants that no assignment (other than by the Debtors to the Reorganized Debtors as their successors or by Ford to Other Ford Entities) will have occurred as of the Settlement Effective Date.
Ford will use all commercially reasonable efforts to cause the Other Ford Entities to perform in accordance with the applicable provisions of this Agreement.
Each Option may be exercised at any time after receipt of an applicable Option Notice and prior to the applicable Issuance Event Date by the delivery to Hertz of a written notice to such effect specifying (i) the number of shares of Class B Common Stock or Nonvoting Stock, as the case may be, to be purchased by Ford, or any of the Ford Entities and (ii) a calculation of the exercise price for such shares.
Except for Proof of Claim 2812 (ABL Claim), which is Allowed under the Plan in the amount of $127.15 million, all Proofs of Claim submitted by Ford, ACH, or Other Ford Entities in the Chapter 11 Cases will be deemed expunged on the Settlement Effective Date without any further action of the Debtors or Reorganized Debtors and without any further action, order, or approval of the Bankruptcy Court.
On the Settlement Effective Date, all Commercial Claims will be released by the claimants (Visteon, Ford, ACH, and/or Other Ford Entities, as applicable) and fully discharged.
Ford will also guarantee the performance by the Other Ford Entities of their respective obligations under this Agreement.
Notwithstanding the releases of Ford, ACH, and Other Ford Entities in Section 6.01, the releases and discharges in Section 6.02, or the releases and discharges in the Plan, this Agreement and the Plan do not release or discharge Visteon, the Reorganized Debtors, Ford, ACH (including Automotive Components Holdings, Inc.