First Transfer Date definition
Examples of First Transfer Date in a sentence
For active Delphi PRP participants included in the Delphi HRP transfer on the First Transfer Date or Second Transfer Date, GM shall assume the responsibility for providing future service for this population under the GM HRP subject to Delphi providing GM with compensation equal to the value of this additional obligation (“Incremental PRP Obligation”) through a direct cash payment on the applicable Transfer Date and in accordance with the applicable Labor MOU.
On the first day after the Distribution Date on which the New York Stock Exchange is open for business (the "First Transfer Date"), Lucent shall transfer or cause to be transferred from the Lucent Master Pension Trust to the Agere Master Pension Trust the assets of the LRIP and the Lucent Pension Plan then in the Transfer Subaccounts.
Any term of this Agreement to which effect is not given on the First Transfer Date or on any Transfer Date (including in particular, but without limitation, the liability of the Seller under the Representations and Warranties and the indemnity in Section 7.2 (Undertaking of Seller) and the provisions of Article 4 (Sale and Purchase of Additional Loans)) will not merge and will remain in full force and effect notwithstanding the sale and purchase contemplated by this Agreement.
Pension Plan relating to the Represented Transferred Employees shall be assumed in full by the Buyer Represented Pension Plan, except that prior to the First Transfer Date all payments required under the Avaya Inc.
The Seller undertakes to the Guarantor that, in the event that any Borrower establishes that it has at any time prior to the First Transfer Date or, as the case may be, the relevant Transfer Date, paid to the Seller any amounts in excess of sums due to the Seller as at the relevant date of payment under the Mortgage Terms applicable to that Loan, the Seller will reimburse the Borrower for such overpayment together with any interest, cost or other expense associated therewith.