Settlement Actions definition

Settlement Actions is defined in Section 26.A of this Settlement Agreement.
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Settlement Actions has the meaning set forth in Section 6.2 of the Trust ------------------ ----------- Agreement.
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Settlement Actions shall have the meaning provided in Section 6.2 of the Trust Agreement.
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Examples of Settlement Actions in a sentence

  • Neither this Settlement Agreement nor any document referred to or contemplated herein nor any Settlement Actions may be construed as, or may be viewed or used as, an Admission by or against any of the UAW, the Class Representatives or the Class Members of any fault, wrongdoing or liability whatsoever or of the validity of any claim or argument made by or on behalf of GM that GM has a unilateral right to modify or terminate retiree health care benefits or that retiree health care benefits are not vested.

  • Without limiting in any manner whatsoever the generality of the foregoing, the performance of any Settlement Actions by Ford may not be construed, viewed or used as an Admission by or against Ford that, following the termination of the ▇▇▇▇▇▇▇▇ I Settlement Agreement, it does not have the unilateral right to modify or terminate retiree health care benefits.

  • Without limiting in any manner whatsoever the generality of the foregoing, the performance of any Settlement Actions by GM may not be construed, viewed or used as an Admission by or against GM that, following the termination of the December 16, 2005 Settlement Agreement in H▇▇▇▇ I, it does not have the unilateral right to modify or terminate retiree health care benefits.

  • Without limiting in any manner whatsoever the generality of the foregoing, the performance of any Settlement Actions by GM may not be construed, viewed or used as an Admission by or against GM that, following the termination of the December 16, 2005 Settlement Agreement in ▇▇▇▇▇ I, it does not have the unilateral right to modify or terminate retiree health care benefits.

  • Entering into this Settlement Agreement and performance of any of the Settlement Actions shall not be construed as, or deemed to be evidence of, an Admission by any of the parties hereto, and shall not be offered or received in evidence in any action or proceeding against any party hereto in any court, administrative agency or other tribunal or forum for any purpose whatsoever other than to enforce the provisions of this Settlement Agreement or to obtain or seek approval of this Settlement Agreement.

  • Without limiting in any manner whatsoever the generality of the foregoing, the performance of any Settlement Actions by the UAW or the Class Members, including without limitation, the acceptance of any retiree health care benefits under any of the Newco health care plans set forth in this Settlement Agreement, may not be construed, viewed or used as an Admission by or against the UAW or the Class Members that Newco has the unilateral right to modify or terminate retiree health care benefits.

  • The term "Settlement Actions" is defined in Section 26.A of this Settlement Agreement.

  • Praxair and its Subsidiaries, on the one hand, and Linde and its Subsidiaries, on the other hand, shall not agree to any Settlement Actions without the prior written consent of Linde and Praxair, as applicable, which consent shall not be unreasonably conditioned, withheld or delayed.


More Definitions of Settlement Actions

Settlement Actions is defined in Section 29.A of this Settlement Agreement. Special Benefit. The term “Special Benefit” shall mean the $76.20 Special Age 65 Benefit related to Medicare Part B premium. State. The term “State” shall mean any state of the United States. Stock Contribution Obligation. The term “Stock Contribution Obligation” shall mean any and all obligations Ford may have to the Existing External VEBA under Section 13.C of the ▇▇▇▇▇▇▇▇ I Settlement Agreement relating to cash contributions based on an increase in the value of Ford common stock. Subsidiary. The term “Subsidiary” shall mean any corporation or other entity of which at least a majority of the outstanding stock or other beneficial interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other governing body of such corporation or other entity (irrespective of whether or not at the time stock or other beneficial interests of any other class or classes of such corporation or other entity shall have or might have voting power by reason of the happening of any contingency) is at the time owned by Ford, or by one or more Subsidiaries, or by Ford and one or more Subsidiaries. Temporary Asset Account. The term “Temporary Asset Account” or “TAA” shall mean the temporary account controlled at all times by Ford that is established by Ford or a wholly-owned Subsidiary of Ford under Section 7.A of this Settlement Agreement for the purpose of holding certain assets as described in this Settlement Agreement. 8 Term Note. The term “Term Note” shall mean the $3.0 billion aggregate principal amount of 9.50% Second Lien Term Notes Due January 1, 2018 issued pursuant to the Note Purchase Agreement, dated April 7, 2008, by and among Ford and the LLC, substantially in the form attached as Exhibit C to this Settlement Agreement. Trust Agreement. The term “Trust Agreement” shall mean the New VEBA trust agreement the form of which is set forth in Exhibit A to this Settlement Agreement. UAW Releasees. The term “UAW Releasees” shall mean the UAW, the Class Representatives, the Class, Class Counsel, the Covered Group and anyone claiming on behalf of, through or under them by way of subrogation or otherwise.
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