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Old 05-04-2009, 01:36 PM   #1
AVANTI R5
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Default ChyrCo Court Docs: Dodge Viper Part of “Bad” Chrysler

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Section 2.15 Viper. (a) Subject to Section 2.15(b) below, notwithstanding any provision of this Agreement to the contrary, (i) Seller may, at its option, sell Intellectual Property and Purchased Inventories that relate solely to Vehicle Production (as defined in the Transition Services Agreement) and are not necessary or useful in any other line of business (the “Viper Assets”) prior to the Closing Date in an arm’s-length transaction to a party other than Purchaser on terms and conditions reasonably acceptable to the Purchaser, provided that the right of the Seller to sell the Viper Assets shall terminate on June 8, 2009 if no binding written agreement to purchase the Viper Assets has been executed and delivered by a bona fide purchaser at such time, and (ii) in connection with any such sale, Seller and Purchaser, as applicable, shall grant to the purchaser of the Viper Assets on terms and conditions reasonably acceptable to the Purchaser a non-exclusive license of other Intellectual Property of the Seller necessary for Vehicle Production as currently conducted.

The Purchaser shall at the request of the Seller work in good faith to facilitate such sale. If the sale of the Viper Assets is consummated prior the Closing Date, the Seller shall receive in trust for, segregate and convey to the Purchaser on the Closing Date all right, title and interest in the proceeds of such sale, which proceeds shall constitute Purchased Assets for all purposes of this Agreement. If any commitment to purchase the Viper Assets is made prior to the Closing Date, but not consummated, the Purchased Assets shall include Seller’s right, title and interest in the Viper Assets and in any agreement evidencing such commitment and any related or ancillary agreements entered into in connection therewith.
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Old 05-04-2009, 01:44 PM   #2
jigga
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I thought Chrysler was axing the Viper anyhow? Makes sense that it would be part of the "bad" Chrysler...
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Old 05-04-2009, 02:04 PM   #3
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I've got to believe someone will scoop it up - otherwise, sad to see it go.
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Old 05-04-2009, 02:53 PM   #4
aren040
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You mean a non profitable, niche, car is not a good investment when your company is failing...? Yeah, I guess it makes sense.

Although a great car, Chrysler really needs to focus on selling cars that the public will buy in volume and that means cutting all of the unnecessary spending in other areas until they can be profitable again.
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Old 05-04-2009, 02:59 PM   #5
rypt
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Toyota to scoop up Viper to make it the "new" Supra?
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Old 05-04-2009, 06:22 PM   #6
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WE MAKE'EM FASTER!
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well as long as the new ones go down in value to the point where i can afford one without breaking a sweat...im in!
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Old 05-04-2009, 06:32 PM   #7
jigga
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Quote:
Originally Posted by rypt View Post
Toyota to scoop up Viper to make it the "new" Supra?
I can just imagine what the Toyota guys would do with an 8.0 V10 motor that was as built as ruggedly as the 3.0L inline 6 that came in the last gen Supra...
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Old 05-04-2009, 07:09 PM   #8
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turn the books from red to black then work on specialty cars. Maybe the next gen viper should be called the black series... wait, merc already claimed that
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Old 05-05-2009, 12:07 AM   #9
matt30
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link?
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