Examples of Buyer Restricted First Pension Closing Amount in a sentence
Prior to the Closing Date, the Buyer shall, or shall cause any of its Affiliates to, setup one or more contractual trust arrangements which shall be subject to reasonable investment restrictions (asset liability management) in line with German market practice (the “Buyer CTAs”) in which shall be deposited the Buyer Restricted First Pension Closing Amount.
General Motors and the Buyer shall cooperate to deposit an amount equal to the Buyer Restricted First Pension Closing Amount (calculated based on the First Estimated Pension Closing Payment Amount) in Buyer CTAs and the Buyer Restricted Second Pension Closing Amount (calculated based on the Second Estimated Pension Closing Amount) in Agreed Pension Vehicles and, if applicable, Pension Funds (for the avoidance of doubt, such deposits to be funded by General Motors).