PROCESS FOR VISTEON TO EXIT CERTAIN BUSINESSES Clause Samples
PROCESS FOR VISTEON TO EXIT CERTAIN BUSINESSES. Visteon shall not sell or exit any of its business operations engaged in the production of Components for Ford without first advising Ford of its intent to do so, providing sufficient detail with respect to the means by which Visteon expects to assure Ford of a continued supply of affected Components on the same terms and conditions, through the remaining terms of the affected Purchase Orders and Long Term Supply Agreements. Visteon will reasonably consider Ford's input and concerns and Ford will cooperate in good faith with Visteon in any restructuring actions.
PROCESS FOR VISTEON TO EXIT CERTAIN BUSINESSES. Visteon may sell or exit any of its business operations engaged in the production of Components for Ford provided that Visteon first obtains any and all necessary third party consents, including the consent of the UAW or any other relevant labor organizations, and further provided that, notwithstanding any such exit, sale or disposition, all of Visteon's obligations under this Agreement or under any relevant Existing Agreement or New Business Agreement are fully satisfied. Visteon shall provide to Ford adequate assurance of the continued supply of affected Components on the same terms and conditions as are applicable to such Components including, without limitation, this Agreement and the applicable Purchase Orders, Target Agreements, Sourcing Agreements or Long Term Supply Agreements, through the remaining life of the vehicle programs for which the affected Components are supplied. Visteon will reasonably consider Ford's input and concerns and Ford will cooperate in good faith with Visteon in any restructuring actions, including exit of specific business operations.