ABANDONMENT OF THE DISTRIBUTION. The parties expressly acknowledge and agree that GM is not obligated in any respect to proceed with or complete the Distribution and that GM may, in its sole and absolute discretion, at any time abandon its plans to proceed with or complete the Distribution. In the event that GM so determines that it no longer intends to proceed with or
Appears in 2 contracts
Sources: Initial Public Offering and Distribution Agreement (Delphi Automotive Systems Corp), Initial Public Offering and Distribution Agreement (Delphi Automotive Systems Corp)