GMEV definition
Examples of GMEV in a sentence
The parties agree that the maximum period for which the Standard GMEV relating to a Customer shall be valid for is a period of 180 calendar days (from the date of proposal approved by VCFSUK).
GMEV agrees to cause General Motors to record a termination and discharge of the Mortgage upon the Effective Time (as defined in the Merger Agreement).
Section A.1 of the Letter Agreement is deleted and replaced with the following: “Until the Effective Time, the Company will not, without the prior written consent of GMEV, sell, lease or otherwise transfer any of the Company’s rights in or to any real property or improvements owned by the Company as of the date of this letter agreement.
The Parties agree that they will work together in good faith to agree to indemnification arrangements with each person nominated by GMEV who will serve as a director of DiamondPeak as part of the Merger Transactions.
The terms on which Polestar and VCFSUK have agreed to cooperate on such GMEV Products are set out in Schedule 12 of this Agreement.
VCFSUK shall take all residual value risk in GMEV Products where the Standard GMEV has been used and no Marketing Contributions have been made to create an Enhanced GMEV.
The parties agree that, for US federal income tax purposes, the transactions contemplated by this Omnibus Agreement which result in the cessation of Lordstown obligations to the GM Parties are properly treated as a satisfaction of those Lordstown obligations by Lordstown’s delivery of Parent Class A Stock to GMEV.
During the term of this Agreement, to support Polestar’s sales objectives, VCFSUK shall make available to End Customers competitive, guaranteed end value financing products, such as personal contract purchase (all such products being GMEV Products, as defined in clause 8.4.1 of this Agreement).
When a Polestar Branded vehicle is returned by an End Customer to VCFSUK at the end of the GMEV Product contract period, VCFSUK will use all reasonable endeavours to dispose of the Polestar Branded vehicle at a competitive price to support Polestar to achieve strong residual values for their cars, subject to existing contractual arrangements with third party disposal agents.
This schedule 12 sets out the terms on which Polestar and VCFSUK have agreed to cooperate on such GMEV Products.