Common use of Benefit Obligations Clause in Contracts

Benefit Obligations. All accrued material obligations for payments to any entity, plan or person with respect to any benefits for current or former employees of the Company or its Subsidiaries have been timely paid or adequate accruals therefore have been made in the Financial Statements.

Appears in 1 contract

Sources: Stock Purchase Agreement (KIT Digital, Inc.)

Benefit Obligations. All accrued material obligations for payments to any entity, plan or person with respect to any benefits for current or former employees of the Company or its the Subsidiaries have been timely paid or adequate accruals therefore therefor have been made in the Financial Statements.

Appears in 1 contract

Sources: Securities Purchase Agreement (Invigor Group LTD)