Common use of Effects Bargaining Clause in Contracts

Effects Bargaining. Prior to the Closing Date, Ferro will engage in good faith bargaining with the representatives of the Union Employees as to the effects of the transactions contemplated by this Agreement, to the extent required and permitted by applicable Law; provided, however, Ferro agrees that any agreement entered into as a result of any such effects bargaining shall impose no obligation or Liability on a Buyer either prior to or at any time after Closing.