Examples of Hillside Group in a sentence
This note may not be transferred to any person who is not a member of the Hillside Group or the Sherborne Group.
If any member of the Hillside Group makes a Required Contribution to a Plan, incurs Termination Liability with respect to a Plan and makes a required payment on account thereof or makes the Termination Contribution to a Plan, each member of the Ampex Group and each member of the Sherborne Group shall be jointly and severally liable to Hillside or the member of the Hillside Group which made such contribution or payment, subject to the provisions of this Agreement.
Any amount of a Tranche D Loan loaned by a member of the Hillside Group to a member of the Ampex Group and any amount transferred from the Collateral Account to a Plan shall be deemed to be an amount paid by a member of the Hillside Group to a Plan for all purposes under this Agreement.
No failure of any party to this Agreement to --------- enforce at any time any of the provisions of this Agreement or to exercise any option under this Agreement and no course of dealing between or among any member of the Ampex Group, the Full Hillside Group, the Sherborne Group and/or the PBGC shall be construed to be a waiver of any such provision or option, or shall in any way affect the validity of this Agreement or the right of any party to enforce each and every one of its provisions or options.
On and after the -------------------------------- Hillside Severance Date, no member of the Full Hillside Group shall be subject to any liability whatsoever with respect to any defined benefit pension plan (other than the Plans) sponsored now or after the Hillside Severance Date by Buffalo Color or any member of the Ampex Group or the Sherborne Group and section 4069 of ERISA shall not apply against any member of the Full Hillside Group with respect to any such pension plan.
To evidence such liability, the Issuer will promptly issue to Hillside or its designee a Contribution Note evidencing the Issuer's obligation to repay the amount paid by Hillside or a member of the Hillside Group for the Required Contribution with interest at a rate of 1% above the rate determined under section 412(m)(1) of the Code as in effect from time to time during the period that the Note is outstanding and the Guarantors shall guarantee such Note.
If any member of the Hillside Group makes a Required Contribution or incurs any Termination Liability as specified in Section 2.3 of the Hillside-Ampex/Sherborne Agreement, then the Lender shall be deemed to have made, on the date of such Required Contribution or incurrence of Termination Liability, a Tranche D Loan to the Borrower in a principal amount equal to the amount of such Required Contribution or Termination Liability, as applicable.
Within five (5) Business Days after the date on which such Hillside certification is received, the PBGC shall execute and send to all applicable members of the Limited Hillside Group such lien termination statements as are necessary to release such lien.
Upon assumption of a Plan or Plans by a member of the Limited Hillside Group, the Ampex Group shall have no obligations or liabilities in respect of the Plans, except for the specific obligations set forth herein and in the Hillside-Ampex/Sherborne Agreement.
Any lien imposed pursuant to this ---------------- Agreement shall be released by the PBGC after receipt of notice from Hillside certifying that it or another member of the Full Hillside Group has taken the actions required under Section 3.2 or 5.2, whichever is applicable, the failure or which originally entitled the PBGC to impose the lien.