Mexican Business definition
Examples of Mexican Business in a sentence
In addition, the applicable Delphi Affiliates will honor the price reductions provided for in the applicable purchase orders or supply contracts relating to the Mexican Business.
In addition, Delphi shall be considered “Green” to the business plan through December 31, 2010 for those facilities which produce the Mexican Business.
The applicable Delphi Affiliates are entitled to receive price increases for the Mexican Business component parts in connection with technical and engineering initiatives in accordance with the terms of the purchase orders and supply contracts relating to the Mexican Business.
GM agrees that as of the date of this Agreement and other than as specified on Exhibit 3.12 to this Agreement, no Delphi facilities producing the UAW Keep Business, the IUE-CWA Business or the Mexican Business are on “New Business Hold.” GM shall consider Delphi’s bids for such business in accordance with GM’s normal business practices utilized with other suppliers.
Notwithstanding anything to the contrary herein, in any Local Purchase Agreement or in the Mexican Business Lease, any consideration paid by Buyer or any of its Affiliates to DuPont or any of its Affiliates pursuant to any Local Purchase Agreement or the Mexican Business Lease shall be deemed for all purposes to comprise part of, and not be in addition to, the Purchase Price payable hereunder.
If the Agent does not object to the request, such identified Exclusive Mexican Business will no longer remain exclusive to the Agent.
As used herein, “Transferred Employees” shall mean all of the Business Employees of the Asset Sellers who accept the Purchaser’s offer of employment, all of the Canadian Unionized Employees and all of the Mexican Business Employees as of the Closing Date.
Such employment will include base compensation provided to each Mexican Business Employee immediately prior to the Closing Date and employee benefit arrangements, which are substantially similar in the aggregate to the employee benefit arrangements provided to each Mexican Business Employee immediately prior to the Closing Date.
Any payment received by the Administrative Agent later than 11:00 A.M. (New York City time) may be deemed, at the election of the Administrative Agent to have been received on the following Business Day or Mexican Business Day, as applicable, and any applicable interest or fee shall continue to accrue.
Employment of the U.S. Transferred Employees and the Mexican Business Employees (together, the “Transferred Employees”) by the Buyer shall commence effective as of the Closing Date, and shall be deemed for all purposes to have occurred with no interruption or break in service.