BGB definition
Examples of BGB in a sentence
To the extent that certain Purchased Movable Assets as listed in Schedule 2.1(a) (including the underlying release terms) are in third party possession at the Closing Date, Seller Affiliate hereby assigns to Purchaser Affiliate its repossession claim (Herausgabeanspruch) against the respective third party in accordance with §§ 929, 931 German Civil Code (Bürgerliches Gesetzbuch - BGB); Purchaser Affiliate hereby accepts such assignment.
If, contrary to the expectations of the Parties, one or more employees of Seller Affiliate who are not a Germany Employee (the “Excluded Employees”) transfer to Purchaser Affiliate by virtue of § 613 a BGB, Seller Affiliate is obliged to offer any such Excluded Employees an employment relationship on an individual contractual basis on terms at least equivalent to the Excluded Employees existing terms of employment in effect on the Closing Date.
From the date hereof until and after the Closing, Seller Affiliate shall, and shall cause its Affiliates to, cooperate in good faith with Purchaser Affiliate and its Affiliates to facilitate the transfer of Germany Employees in accordance with applicable Law (§ 613a BGB).
BGB incurred by the Purchasers or the Company as a result of the incorrectness of the Seller’s Warranty.
The priority of individual agreements (Section 305b German Civil Code (BGB)) remains unaffected.