GM Canada definition
Examples of GM Canada in a sentence
Notwithstanding anything to the contrary herein, nothing contained in this Section 6 shall restrict, limit or otherwise prohibit GM Canada or any of its Canadian Subsidiaries from complying with any payment obligation or any other affirmative obligation under the Canadian Facility.
For the avoidance of doubt, this provision does not apply to or release the right of the Representative Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of the Bankruptcy Code in the MLC bankruptcy proceeding as specified in Paragraph 29 of this Settlement Agreement and to receive payment, if such motion is approved, from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary thereof).
Retail diagnosis and repair, shall be compensated in accordance with the ▇▇▇▇▇▇▇▇’▇ manual, except for posted menu priced items and service specials, and GM Canada Labour Time Guide will apply for warranty, campaign, PDI, or goodwill policy work.
Michigan General Motors Ventures LLC Delaware Global Services Detroit LLC Delaware GM Canada Holdings LLC Delaware GM Regional Holdings LLC Delaware GMGP Holdings LLC Delaware Maven Drive LLC Delaware General Motors Automobiles Philippines, Inc.
Drafts drawn by GM Canada to be accepted as Acceptances shall be signed by a duly authorized officer or officers of GM Canada or by its attorney-in-fact including any attorney-in-fact appointed pursuant to this subsection 2.4(f).
The Agent shall have received the results of a recent lien search in each Loan Party's jurisdiction of organization and, in the case of GM Canada, in each of the jurisdictions where Collateral is located, and such search shall reveal no Liens on any of the Collateral except for Liens permitted by subsection 6.2 or discharged on or prior to the Effective Date pursuant to documentation reasonably satisfactory to the Agent.
GM Canada shall have the right to sell any Acceptance; provided that, if so specified in the Drawing Notice, the Applicable Lending Offices of the Canadian/US Secured Lenders shall purchase or arrange for the purchase of all of the Acceptances in the market and each Applicable Lending Office of a Canadian/US Secured Lender shall provide to the Agent the discount proceeds for the account of GM Canada.
It is expressly acknowledged and confirmed, or deemed to be acknowledged and confirmed, by the GUC Trust, all past, present and future holders of Notes, and the Nova Scotia Trustee that all releases, waiver of demands or claims, and dismissal of litigation in favor of Old GM, New GM (by virtue of the assignment of the Lock-Up Agreement or otherwise), and GM Canada, GMNSFC, and GM Nova Scotia Investments, Ltd.
In the case of the Canadian/US Secured Commitments, after giving effect to any extension of credit thereunder to GM Canada, the Canadian Total Secured Exposure shall not exceed the lesser of (i) $6,000,000,000 minus the US Total Secured Exposure and (ii) the Effective Canadian Collateral Value.
On February 12, 2015 GM Canada announced that they will invest an additional $560 million to prepare GM CAMI to be a manufacturing location of the next generation Chevrolet Equinox.