Global Interiors & Closures Business definition

Global Interiors & Closures Business means the properties, assets, rights, titles and interests owned by Delphi and its Affiliates that are primarily used or held for use in their global latches and door modules, cinching latches and strikers (except as set forth below), and instrument panels and cockpit modules business, including without limitation, the following assets, to the extent used primarily in, or primarily related to, such business: real property, personal property, inventory, contracts, administrative assets, permits, intellectual property, technical documentation, goodwill, interests in all joint ventures and any sale proceeds with respect to a sale of any of the foregoing (excluding de minimis asset sales and sales in the ordinary course of business, including sales of surplus and obsolete machinery and equipment), but excluding: (A) third party assets, including customer bailed assets such as tooling, dunnage, dies and molds, (B) Delphi corporate trademark rights (other than a transitional license to use any trademarks to the extent contained in tooling, molds, equipment, inventory or other stock on hand) and intellectual property which is not used primarily in connection with such business (subject to the non-exclusive license to use such intellectual property described in section 4.06(a)(viii)), (C) cash, cash equivalents and accounts receivable, (D) corporate insurance policies, (E) books and records that are required to be retained by law; provided that, subject to applicable legal requirements, GM and the applicable Business Optionee shall have access at all times to such books and records and such books and records will be retained and not destroyed without providing GM or the applicable Business Optionee with a reasonable opportunity to obtain them, (F) claims related to excluded assets and Retained Liabilities, (G) tax returns, refunds, credits, prepayments and deferred tax assets; provided, however, that in no event shall a Business Optionee or GM be required to make a payment to Delphi or a Business Optionor with respect to any of the foregoing other than providing to Delphi any tax refunds received by GM or the Business Optionee with respect to taxes paid by Delphi or any of its Affiliates, (H) assets used in common Delphi services (including, without limitation, accounting, insurance, IT, tax, legal, etc.) to the extent not primarily used in connection with such business; (I) pooled vehicles and vehicles under Delphi’s corporate vehicle program, (J) personnel recor...
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Global Interiors & Closures Business means the properties, assets, rights, titles and interests owned by Delphi and its Affiliates that are primarily used or held for use in their global latches and door modules, cinching latches and strikers (except as set forth below), and instrument panels and cockpit modules business, including without limitation, the following assets, to the extent used primarily in, or primarily related to, such business: real property, personal property, inventory, contracts, administrative assets, permits, intellectual property, technical documentation, goodwill, interests in all joint ventures and any sale proceeds with respect to a sale of any of the foregoing (excluding de minimis asset sales and sales in the ordinary course of business, including sales of surplus and obsolete machinery and equipment), but excluding: (A) third party assets, including customer bailed assets such as tooling, dunnage, dies and molds, (B) Delphi corporate trademark rights (other than a transitional license to use any trademarks to the extent contained in tooling, molds, equipment, inventory or other stock on hand) and intellectual property which is not used primarily in connection with such business (subject to the non-exclusive license to use such intellectual property described in section 4.06(a)(viii)), (C) cash, cash equivalents and accounts receivable, (D) corporate insurance policies,
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Global Interiors & Closures Business. 10 Section 1.91 “Global Sourcing” 11 Section 1.92 “Global Steering Business” 11 Section 1.93 “GM GPSC” 12 Section 1.94 “GM Parties” 12 Section 1.95 “GM Purchase Order” 12 Section 1.96 “GM-Related Parties” 12 Section 1.97 “GM Suppliers” 12 Section 1.98 “Grand Rapids Facility” 12 Section 1.99 “Guaranteed Agreements” 13 Section 1.100 “Holiday” 13 Section 1.101 “Home Avenue Facility” 13 Section 1.102 “IAM MOU” 13 Section 1.103 “IBEW MOUs” 13 Section 1.104 “Including” or “including” 13 Section 1.105 “Income Tax Allocation Agreement” 13 Section 1.106 “Independence Week” 13 Section 1.107 “Information” 13 Section 1.108 “Initial Payment Date” 13 Section 1.109 “Initial Sale Proceeds” 13 Section 1.110 “Intellectual Property Contracts Transfer Agreement” 14 Section 1.111 “Intellectual Property License Agreement” 14 Section 1.112 “Intellectual Property Transfer Agreement” 14 Section 1.113 “Interiors Advance” 14 Section 1.114 “Invoice Delivery Date” 14 Section 1.115 “IP License” 14 Section 1.116 “IUE-CWA” 14 Section 1.117 “IUE-CWA Business” 14 Section 1.118 “IUE-CWA Keep Facilities” 14 Section 1.119 “IUE-CWA MOU” 14 Section 1.120 “IUOE MOUs” 14 Section 1.121 “ JOBs banks” 15 Section 1.122 “Jury Duty” 15 Section 1.123 “Kettering Facility” 15 Section 1.124 “Kokomo Facility” 15 Section 1.125 “Labor Cost Amount” 15 Section 1.126 “Labor Cost Line Items” 16 Section 1.127 “Labor MOUs” 16 Section 1.128 “Laurel Facility” 16 Section 1.129 “Liquidity Support Agreement” 16 Section 1.130 “Lockport Facility” 16 Page
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Examples of Global Interiors & Closures Business in a sentence

  • These businesses employ just over a third (34.4%) of private sector workers in Wales.

  • In the event that an Unsold Business Option with respect to any of the Global Interiors & Closures Business, the Sandusky Business, and the Saginaw E&C Assets is not exercised on or before December 31, 2008, or if such option has been exercised but the applicable Business Closing Date has not occurred on or before December 31, 2008, the Unsold Business Option relating to the applicable Unsold Business shall terminate.

  • If an appellate hearing panel or the Student Conduct Administrator determines that the request for appeal does not meet one of the grounds, the appeal will be dismissed and the original decision will be upheld.

Related to Global Interiors & Closures Business

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