Plant Closing Law Sample Clauses

Plant Closing Law. Set forth on Schedule 7.4 is the number of employees of the Operating Companies in connection with the B-Line Business whose employment has been terminated during the six-month period prior to the date of this Agreement, and the location of their employment at the time of termination. Buyer acknowledges that such actions may affect Buyer's subsequent labor and employment decisions regarding layoffs, terminations and closings with respect to the B-Line Business. Buyer shall bear all responsibility for any liability or obligation under the Workers' Assistance and Retraining Notification Act ("WARN") in connection with the B-Line Business arising from any action by Buyer (whether or not considered in connection with the activity specified on Schedule 7.4) after the Closing.
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Plant Closing Law. Set forth in Article 7.6 of the Phoenix Disclosure Memorandum is a list of all employees of Phoenix whose employment has been terminated during the six-month period prior to the date of this Agreement, the dates of such terminations, and the location of their employment. LIG shall bear all responsibility for any liability or obligation under the Workers' Assistance and Retraining Notification Act in connection with the Business arising from any action by LIG (whether or not considered in conjunction with the activity specified in said Article 7.6 of the Phoenix Disclosure Memorandum) after the Closing.
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Plant Closing Law. The Seller represents and warrants that it has not in connection with the Business terminated any employee during the six-month period prior to the date of this Agreement. In reliance upon such representation, Buyer shall bear all responsibility for any liability or obligation under the Workers' Assistance and Retraining Notification Act ("WARN") in connection with the Business arising from the transactions contemplated by this Agreement or any action by Buyer.
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Plant Closing Law. Seller and Purchaser shall comply, to the extent applicable, with The Worker Adjustment and Retraining Notification Act and the rules and regulations promulgated thereunder. Subject to Section 12 hereof, each party shall indemnify the other party for all Indemnified Amounts, as hereinafter defined, incurred or suffered by such other party arising out of the indemnitor's failure to comply with such Act, its rules or regulations.
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Plant Closing Law. Seller acknowledges that Purchaser is not intended to have any responsibility for (i) any obligations arising under DWA, WARN or for any persons employed by the Operator, Receiver or Seller at the Project prior to the Closing or (ii) for providing notices or continuation coverage to qualified beneficiaries (within the meaning of Section 4980 of the Code) under any benefit plan maintained by Seller.
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Plant Closing Law. 61 7.5 Security Value Plan.................................................................................61 7.6 401(k) Plan.........................................................................................61
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Related to Plant Closing Law

  • PLANT CLOSURE 29.01 In the event the Company closes the plant at the Cambridge location as a result of the loss of business or a discontinuation of all operations, severance pay will be calculated at one (1) week’s regular pay per year of service. The severance payment, so calculated, is inclusive of any severance payment required by the Ontario Employment Standards Act (Revised 2000). This agreement is not applicable to a sale of the business or if the closure is occasioned by a labour dispute.

  • Second Closing (a) In the event that prior to April 7, 2005 (the “Option Period”), a public announcement of the Clinical Event has occurred, the Company shall have the right to require a second closing (the “Second Closing”) pursuant to which the Company shall issue and sell to each Purchaser, and each Purchaser shall, severally and not jointly, purchase from the Company, one-half of such number of Units as set forth opposite such Purchaser’s name in Exhibit A attached hereto at the Per Unit Purchase Price, which shall be in addition to the Units purchased under Section 2.2. The Second Closing shall occur within two (2) business days after the public announcement of the Clinical Event. At the Second Closing, the Company shall deliver or cause to be delivered to each Purchaser the following: (i) a Warrant, registered in the name of such Purchaser, pursuant to which such Purchaser shall have the right to acquire such number of Warrant Shares as set forth opposite such Purchaser’s name on Exhibit A under the heading “Second Closing Warrant Shares,” on the terms set forth therein; (ii) an instruction letter to the Transfer Agent in the form set forth on Exhibit C hereto; and (iii) a certificate from a duly authorized officer certifying on behalf of the Company that a public announcement of the Clinical Event has occurred. At the Second Closing, each Purchaser shall instruct the Escrow Agent to deliver an amount equal to the Per Unit Purchase Price multiplied by one-half of the number of Units as set forth opposite such Purchaser’s name on Exhibit A, in United States dollars and in immediately available funds, by wire transfer to an account designated in writing to such Purchaser by the Company for such purpose, and the Company shall consent to such instruction. Each Purchaser shall have the right, at any time during the Option Period, to request a Second Closing and to purchase on the terms provided herein up to the total amount of the Units that could be purchased by such Purchaser at the Second Closing.

  • Buyer Closing Deliveries At the Closing, Buyer shall deliver or cause to be delivered the following:

  • Third Closing At any time sixty one (61) to ninety (90) days following the Second Closing Date, subject to the mutual agreement of the Buyer and the Company, for the “Third Closing Date” and subject to satisfaction of the conditions set forth in Sections 7 and 8, (A) the Company shall deliver to the Buyer the following: (i) the Third Debenture; (ii) an amendment to the Transfer Agent Instruction Letter instructing the Transfer Agent to reserve that number of shares of Common Stock as is required under Section 4(g) hereof, if necessary; and (iii) an officer’s certificate of the Company confirming, as of the Third Closing Date, the accuracy of the Company’s representations and warranties contained herein and updating Schedules 3(b), 3(c) and 3(k) as of the Third Closing Date, and (B) the Buyer shall deliver to the Company the Third Purchase Price.

  • Buyer’s Closing Deliveries At the Closing, Buyer shall deliver or cause to be delivered the following:

  • Purchaser Closing Deliveries At the Closing, Purchaser shall deliver, or cause to be delivered, the following:

  • Closing Closing Deliveries (a) The consummation of the transactions contemplated by this Agreement (the “Closing”) will take place on the Closing Date

  • Seller Closing Deliveries No later than 1 Business Day prior to the Closing Date, Seller shall deliver to Escrow Agent, each of the following items:

  • Seller’s Closing Deliveries At the Closing, Seller shall deliver or cause to be delivered the following:

  • Additional Closing (i) Upon the terms and subject to the conditions set forth herein, five (5) calendar days following the filing with the Commission of a Registration Statement registering the resale of the maximum aggregate number of (i) shares of Common Stock issuable pursuant to the conversion of the Preferred Stock and (ii) Warrant Shares issuable upon exercise of the Warrants issuable pursuant to this Agreement (collectively, the “Registrable Securities”), upon satisfaction of the applicable deliveries and closing conditions set forth in Section 2.2, the Company agrees to sell, and the Purchaser agrees to purchase, an additional five hundred (500) shares of Preferred Stock at price of $1,000 per share of Preferred Stock. Concurrently with the issuance of the Preferred Stock, the Company shall issue to Purchaser a Warrant to purchase up to a number of Warrant Shares equal to the number of shares of Conversion Shares issuable upon conversion of the Preferred Stock issued at the Additional Closing. The Purchaser shall deliver to the Company, via wire transfer immediately available funds equal to the Purchaser’s Subscription Amount as set forth on the signature page hereto executed by the Purchaser, and the Company shall deliver to the Purchaser such number of shares of the Preferred Stock purchased and the Warrant, as determined pursuant to Section 2.2(a) and the Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Additional Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Additional Closing shall occur at the offices of Xxxxx Xxxxxxx LLP, counsel to the Purchaser, or such other location as the parties shall mutually agree.

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