Common use of Transitional Matters Clause in Contracts

Transitional Matters. Each of Seller and Purchaser will use its respective reasonable efforts to cooperate to (a) transfer to Purchaser or any of its Affiliates any insurance and administrative services contracts that Purchaser wishes to continue with respect to any Employee Plan that Purchaser or any of its Affiliates is assuming or continuing pursuant to this Agreement and (b) cause any insurance carrier administering workers' compensation and other employee benefit liabilities or obligations assumed by Purchaser or any of its Affiliates to deal directly with Purchaser or such Affiliate.

Appears in 4 contracts

Sources: Acquisition Agreement (Collins & Aikman Corp), Acquisition Agreement (Collins & Aikman Corp), Acquisition Agreement (Collins & Aikman Corp)

Transitional Matters. Each of Seller and Purchaser will use -------------------- its respective reasonable efforts to cooperate to (a) transfer to Purchaser or any of its Affiliates any insurance and administrative services contracts that Purchaser wishes to continue with respect to any Employee Plan that Purchaser or any of its Affiliates is assuming or continuing pursuant to this Agreement and (b) cause any insurance carrier administering workers' compensation and other employee benefit liabilities or obligations assumed by Purchaser or any of its Affiliates to deal directly with Purchaser or such Affiliate.

Appears in 1 contract

Sources: Acquisition Agreement (Collins & Aikman Floor Coverings Inc)

Transitional Matters. Each of Seller and Purchaser will use its respective reasonable efforts to cooperate to (a) transfer to Purchaser or any of its Affiliates any insurance and administrative services contracts that Purchaser wishes to continue with respect to any Employee Plan that employee benefit plan or arrangement established by Purchaser or any of its Affiliates is assuming or continuing pursuant to this Agreement included in the Assumed Contracts and (b) cause any insurance carrier administering workers' compensation and other employee benefit liabilities or obligations assumed by Purchaser or any of its Affiliates to deal directly with Purchaser or such Affiliate.

Appears in 1 contract

Sources: Acquisition Agreement (Collins & Aikman Corp)