Gelcaps definition
Examples of Gelcaps in a sentence
After the Closing and subject to the continuing obligation of Rousselot to reimburse Gelcaps such full costs and to indemnify Gelcaps for any liability incurred in connection with the employment of the Rousselot Sales Representative, Buyer shall cause Gelcaps to continue such arrangement with Rousselot for a period of not less than twelve (12) months.
Seller shall cause such independent actuary to deliver a report to Buyer and Seller not less than five (5) days prior to the Closing Date, which shall include its determination with respect to whether the Banner Europe Pension Plan and the Gelcaps Pension Plan will be under-funded as of the Closing Date and supporting calculations used to render such determination.
Rousselot may at any time terminate such arrangement on notice to Gelcaps.
The determination set forth in the report of such independent actuary shall be final and conclusive, and if such report shows an aggregate under-funding of the Banner Europe Pension Plan and the Gelcaps Pension Plan, the amount thereof shall be treated as Indebtedness at the Closing, deducted from the Purchase Price and retained by Buyer as satisfaction of such Indebtedness.
VION and Seller shall cause the Mexican Intercompany Loan to be evidenced by a note (the “Mexican Intercompany Note”) between Gelcaps, as lender, and Banner Canada, as borrower, setting forth the terms of the Mexican Intercompany Loan (e.g., principal amount, interest rate, maturity date, etc.), as determined by Buyer, subject to Seller’s consent, not to be unreasonably withheld, conditioned or delayed.
Rousselot reimburses Gelcaps the full cost of the Rousselot Sales Representative on a monthly basis.
Seller shall retain at its expense an independent actuary, mutually acceptable to Buyer and Seller, to review and determine prior to the Closing whether the Banner Europe Pension Plan and the Gelcaps Pension Plan will be under-funded as of the Closing Date.