Restructurings. The Restructurings shall have been completed.
Restructurings. (a) Seller shall use its reasonable efforts to cause the Singapore Restructuring to be consummated as promptly as practicable and, in any event, prior to the Closing. The Singapore Restructuring shall be implemented substantially in accordance with the steps set forth in Exhibit F.
Restructurings. (a) Prior to the Closing, Citigroup shall cause the consummation of the transactions and actions contemplated by Exhibit H (such transactions and actions, the “CAM Restructuring”). For the avoidance of doubt, no Trademark which includes the terms “CITI,” “XXXXX XXXXXX,” “SALOMON,” “CSSB,” “SB,” “Uncommon Values,” “Uncommon Value” or “TRAVELERS” or any variation thereof or the Arc, Blue Wave or Umbrella design (the “Citigroup Principal Marks”) shall be owned by any CAM Transferred Subsidiary following the CAM Restructuring.
Restructurings. 11.1 Obligations of the Government under Restructuring of Industry or the CEB The obligations of the Government under this Agreement shall survive notwithstanding:
Restructurings. 26.1 You consent to the transfer of your employment under this Agreement to any Associated Employer at any time during your Employment.
Restructurings. Ford recorded a pre-tax charge of $726 million ($472 million after taxes) in the fourth quarter of 1998, reflecting retirement and separation program actions that were completed during 1998 and 1999. These special voluntary and involuntary programs reduced the workforce by 2,184 persons in North America (all salaried), 1,977 in Europe (1,304 hourly and 673 salaried) and 4,650 in South America (4,400 hourly and 250 salaried). The costs were charged to the Automotive segment ($674 million) in cost of sales, Visteon segment ($38 million) in cost of sales, Ford Credit segment ($9 million) in operating and other expenses, and other Financial Services operations ($5 million) in operating and other expenses. Ford recorded a pre-tax charge of $272 million ($169 million after taxes) in the second quarter of 1997, reflecting actions that were completed during 1997 and 1998. These included primarily the discontinuation of passenger car production at the Lorain Assembly Plant resulting in a write-down of surplus assets. The charge also included employee termination costs related to the elimination of a shift at the Halewood (England) Plant, and a loss on the sale of the heavy truck business. Financial Services Sector ------------------------- Associates First Capital Corporation ("The Associates") ------------------------------------------------------- During the second quarter of 1998, the company completed a spin-off of Ford's 80.7% (279.5 million shares) interest in The Associates. As a result of the spin-off of The Associates, Ford recorded a gain of $15,955 million in the first quarter of 1998 based on the fair value of The Associates as of the record date, March 12, 1998. The spin-off qualified as a tax-free transaction for U.S. federal income tax purposes. During the second quarter of 1996, The Associates completed an initial public offering ("IPO") of its common stock representing a 19.3% economic interest in The Associates. Ford recorded a second quarter 1996 gain of $650 million resulting from the IPO; the gain was not subject to income taxes.
Restructurings. Except in the ordinary course of business, enter into or consummate any corporate or similar reorganization, whether in a single transaction or in a series of related transactions, which, in the judgment of the U.S. Borrower, would materially reduce the value of the Collateral (taken as a whole) to the Lenders; it being understood that any Disposition of assets to, or a merger, consolidation or liquidation with or into, a Non-Guarantor Pledged Entity (as hereinafter defined) or another Subsidiary which is a direct or indirect Subsidiary of a Non-Guarantor Pledged Entity shall not be construed as reducing the value of the Collateral. For purposes of this Section 13.9, a "Non-Guarantor Pledged Entity" shall mean a Subsidiary which is not a Guarantor but the Capital Stock of which is pledged pursuant to the Security Documents.
Restructurings. (a) Except to the extent provided in Section 2.4, prior to the Closing Date, Sellers shall effect the Restructurings in the manner set forth on Schedule 5.23 and any material deviations therefrom shall be completed in a manner reasonably acceptable to Buyers and Sellers.
Restructurings. Parent shall cause the Restructurings to be consummated in accordance with Schedule A-2 of the Disclosure Letter and shall use commercially reasonable efforts to consummate the Restructurings prior to the date the Closing would otherwise be required to occur pursuant to this Agreement without giving effect to the conditions to the consummation of the Closing set forth in Sections 5.5 and 6.4. All fees, expenses and other liabilities, other than Taxes (liability for which Buyer is indemnified for to the extent provided in Section 9.1(a)(iii)), in connection with the Restructurings shall be Parent’s responsibility.
Restructurings. On or before the Closing Date, the reorganizations and restructurings set forth on Disclosure Schedule 3.1 shall be effected.
