OEM definition
Examples of OEM in a sentence
Seller is the sole record and beneficial owner of and has good and valid title to 100% of the Subject Interests, free and clear of all Encumbrances, except OEM Permitted Encumbrances.
Further, the Seller has completed the inventory of the OEM Parts, Non-OEM Parts, the Work in Process and the Petroleum Inventory prior to the Closing Date at the physical locations storing such inventory.
No Group Company and no Dealership is preparing for the pending recall of any product sold, leased or delivered thereby except as disclosed in OEM notifications.
All the Parties to this Agreement will, prior to and after the Closing, keep all non-public information regarding the financial terms of this transaction strictly confidential, except as may be required by applicable laws, rules or regulations, rules of applicable stock exchange, by the OEM, or in connection with any enforcement proceedings.
Seller has delivered to Buyer copies of any written documentation or proposals relating to the foregoing in the possession of any Group Company or have disclosed such on Schedule 3.1.22, including, but not limited to, any strategic plans of the OEM relating to the distribution, marketing, facilities or corporate image or alignment or any documentation relating to specific plans, proposals or waivers with respect to the Dealerships.