MOU Transactions definition
MOU Transactions means the collective reference to (i) the transfer of the MOU Properties and certain associated assets from the Company to a separate entity that will be acquired by Ford, (ii) the termination of the current leasing arrangements for approximately 17,400 Ford-UAW employees, (iii) the relief by Ford of the Company's remaining liability, including approximately $1,500,000,000 of previously deferred gains related to Ford-UAW post-retirement health care and life insurance benefit obligations, for former assigned employees and retirees and certain salaried retirees in an aggregate amount of approximately $2,000,000,000, (iv) the transfer of all assets in the Company UAW Voluntary Employee Beneficiary Association to the Ford-UAW Voluntary Employee Beneficiary Association, (v) the reimbursement by Ford of up to $550,000,000 of additional restructuring actions by the Company, (vi) the payment by Ford of certain transferred inventory based on net book value at the time of the closing of the MOU Transactions, (vii) the Ford Loan and (viii) the issuance by the Company to Ford of warrants to purchase 25,000,000 shares of the Company's common stock at an exercise price of $6.90 per share and (ix) any other transactions described in the MOU.
Examples of MOU Transactions in a sentence
Notwithstanding anything to the contrary in this Section 7.8, no acquisitions by the Company or any of its Subsidiaries (other than the acquisition permitted pursuant to subsection (n) above) shall be permitted prior to the consummation of the MOU Transactions (other than ongoing performance obligations contemplated by the MOU).
Notwithstanding anything to the contrary in this Section 7A.8, no acquisitions by the Company or any of its Subsidiaries (other than the acquisition permitted pursuant to subsection (n) above) shall be permitted prior to the consummation of the MOU Transactions (other than ongoing performance obligations contemplated by the MOU).