Figgie definition
Examples of Figgie in a sentence
If the laws of any country require that Buyer's right, as permitted herein, to use any inventory on which a Figgie Trademark or Logo is marked be registered in order to fully protect Seller, Buyer and Seller shall use reasonable efforts to constitute Buyer as a registered user (or its equivalent) in each of the countries in which such registration is necessary.
This Agreement has been duly executed and delivered by Buyer and constitutes, and when executed and delivered each of the Related Agreements to be executed and delivered by Buyer will constitute, assuming due authorization, execution and delivery of this Agreement and the Related Agreements by Seller, Figgie Real Estate, Figgie Properties and Figgie Licensing, a valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms.
If required by the laws of any country Seller shall, or if after the eighteen-month anniversary of the Closing Date Buyer desires to continue to use or dispose of finished goods inventory marked with a Figgie Trademark and Logo, Seller may, in its sole discretion, enter into such licensing agreement or agreements consistent with this Section 2.1(b) as Buyer shall reasonably request or as may be required by law with respect to the uses thereon of a Figgie Trademark or Logo.
No amount paid or payable to the Executive under this Agreement shall constitute salary or compensation for the purposes of any employee benefit plan maintained by Figgie.
The Companies, and to the Knowledge of Figgie, Holdings, Services and the Companies, the other parties to such agreements, contracts and commitments, have in all material respects performed all obligations required to be performed by them to date and are not in default in any material respect.
Following the Closing, Figgie, Holding and Services agree to promptly investigate and consider changing the name of Holdings, Services and ▇▇▇▇▇ ▇▇▇▇ Assurance to a name which is not similar to or a variant of "▇▇▇▇▇ ▇▇▇▇".
This Agreement will replace the Management Agreement dated December 9, 1994 between Figgie and the Executive and the Retention Agreement dated July 23, 1996 between Figgie and the Executive.
Buyer and Figgie will cooperate in all respects in connection with the giving of any notices to any governmental authority or self-regulatory organization or securing the permission, approval, determination, consent or waiver of any governmental authority or other party required in connection with the consummation of the transactions contemplated under this Agreement.
In the event either report indicates that the reserves of the Companies, taken together, stated in the ▇▇▇▇▇▇▇▇▇▇▇ Report were inadequate as of June 30, 1994, then Figgie, Holdings and Services shall reimburse Buyer the amount of such inadequacy (the "Reserve Inadequacy") in accordance with, and subject to the limits set forth in, Article IX hereof.
Schedule 3.13 separately sets forth all contracts or treaties of reinsurance no longer in force to which any of the Companies was a party, under which, to the Knowledge of Figgie, Holdings, Services or the Companies, benefits or liabilities remain outstanding, except for contracts or treaties which would not have a Material Adverse Effect.