VEBA Modifications definition

VEBA Modifications means provision by the Borrower and its subsidiaries of not less than one-half of the value of each future payment or contribution made by any of them to the VEBA account (or similar account) pursuant to the Settlement Agreement or other VEBA agreements in place as of December 31, 2008, in the form of the stock of the Borrower or one of its Subsidiaries, and the total value of any such payment or contribution, shall not exceed the amount of any such payment or contribution that was required for such time period under the collective bargaining agreement that applied as of December 19, 2008.
VEBA Modifications shall have the meaning set forth in the UST Loan Agreement.

Examples of VEBA Modifications in a sentence

  • On November 11, 2013, visiting President Nazarbayev and President Putin signed a treaty on good neighborly relations and cooperation.

  • The VEBA Modifications required the auto companies [GM and Chrysler] to convince the UAW’s Voluntary Employee Benefits Association (VEBA) to accept at least half of its future contributions from GM and Chrysler in the form of company shares (GM LSA 2008, Page 72 of PDF) (Chrysler LSA 2009, Page 25 of PDF).

Related to VEBA Modifications

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • Major modification means any physical change in or change in the method of operation of a major stationary source that would result in a significant emissions increase of a regulated NSR pollutant and a significant net emissions increase of that pollutant from the major stationary source.

  • Minor modification means a modification that does not significantly alter the nongovernmental function or purpose of the software or is of the type customarily provided in the commercial marketplace.

  • Permitted Modifications As defined in Section 2.02(a) of the Servicing Agreement.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Permitted Modification shall have the meaning ascribed thereto in Section 4.02.

  • Required Modification shall have the meaning specified in Section 8.1 of the Facility Lease.

  • Basic Terms Modification means any proposal:

  • Significant Modification As defined in Section 3.25.

  • Loan Modification Agreement means a Loan Modification Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among the Borrower, the other Loan Parties, one or more Accepting Lenders and the Administrative Agent.

  • Cross-Series Modification means a modification involving (i) the Bonds or any agreement governing the issuance or administration of the Bonds, and (ii) the debt securities of one or more other series or any agreement governing the issuance or administration of such other debt securities.

  • Modifications shall have the meaning specified in Section 11.1(a) of the Lease.

  • Substantial modification means modification of a relevant source that results in a significant increase in emissions, excluding any change in emissions resulting from by-product recovery. It shall be a matter for the Party to decide whether a modification is substantial or not;

  • PAL major modification means, notwithstanding the definitions for major modification and net emissions increase in 326 IAC 2-2-1, any physical change in or change in the method of operation of the PAL source that causes it to emit the PAL pollutant at a level equal to or greater than the PAL.

  • Investment Strategy Modification means with respect to an Investment Strategy, the Portfolio Administrator makes operational adjustments to the Investment Strategy to ensure that, so far as possible, the basic principles and economic effect of the Investment Strategy are maintained or any material modification to the Investment Strategy or its implementation by the Portfolio Administrator.

  • Loan Modification Offer has the meaning specified in Section 2.24(a).

  • Amendments are any changes that are not specifically covered by the terms and conditions of the Centralized Contract, but inclusion is found to be in the best interest of the State. A request to change a contractual term and condition is an example of an amendment.

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • Modification are defined in Section 2.19.1.

  • Index Modification means in respect of an Index, the Index Sponsor announces that it shall make a material change in the formula for or the method of calculating that Index or in any other way materially modifies that Index (other than a modification prescribed in that formula or method to maintain that Index in the event of changes in constituent stock and capitalisation and other routine events).

  • Permitted Amendments has the meaning specified in Section 10.01.

  • Modification Excess With respect to each Payment Date and any Reference Obligation that has experienced a Modification Event, the excess, if any, of: (a) one-twelfth of the Current Accrual Rate multiplied by the interest bearing unpaid principal balance (the “UPB”) of such Reference Obligation; over (b) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Reference Obligation.

  • Mortgage Amendments as defined in Section 6.11(a).