Partial Closing definition

Partial Closing. ' means a permanent cessation of a major discrete portion of the business conducted at a facility which results in the termination of a significant number of the employees of said facility and which affects workers and communities in a manner similar to that of Plant Closings.

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Partial Closing is defined in Section 2.7(b).

Partial Closing has the meaning set forth in Section 2.6(a).

Examples of Partial Closing in a sentence

• Change of Operations 52 Change of Operations Committee 52 Change of Operations Committee Procedure 54 Moving Expenses 55 Change of Operations Seniority 56 Closing, Partial Closing of Terminals-Transfer of Work 56 Closing of Terminals-Elimination of Work 61 Layoff 61 Opening of Terminals 61 Definition of Terms 63 Qualifications and Training 63 Intent of Parties 64 Section 7.

• The representations and warranties contained in this Agreement shall survive the Closing until one (1) year after the Closing Date (or in the case of a Partial Closing or Subsequent Partial Closing, until one (1) year after the Partial Closing Date with respect to the Leases transferred at such Partial Closing or Subsequent Partial Closing) and shall expire at such time.

• In each such event, Seller shall give Purchaser notice of the Leases that will be assigned to Purchaser at such subsequent Partial Closing and Seller shall set the date of such closing (each, a "Subsequent Partial Closing Date"), that shall be on a Business Day not less than five (5) or more than ten (10) days after the delivery of such notice to Purchaser.

• Each such closing with respect to less than all of the Leases shall be referred to as a "Partial Closing." If Seller exercises such option one or more times, Seller shall give Purchaser notice of the Leases that will be assigned to Purchaser at a Partial Closing and Seller shall set the date of such closing (each, a "Partial Closing Date"), that shall be on a Business Day not less than five (5) or more than ten (10) days after the delivery of such notice to Purchaser.

• Except with respect to the representations and warranties set forth above in Section 3.1 and Section 3.2, the breach of a representation or warranty with respect to a particular Lease shall be actionable and constitute a breach hereunder only with respect to that specific Lease and not with respect to other Leases, regardless of whether Closing (or a Partial Closing) with respect to such other Leases has occurred.

• The covenants of Seller contained in Section 8.2 of this Agreement shall survive the Closing until one (1) year after the Closing Date (or in the case of a Partial Closing or Subsequent Partial Closing, until one (1) year after the Partial Closing Date with respect to the Leases transferred at such Partial Closing or Subsequent Partial Closing) and shall expire at such time.

• Notwithstanding the foregoing, some of the Assets may be sold by Seller and purchased by Buyer prior to the Closing Date at times and locations mutually agreeable to the parties, with each such sale being referred to herein as a "Partial Closing".

• Either LifePoint or Purchaser may initiate such proceedings to determine the adjustment to the Purchase Price at any time following the Partial Closing.

• The parties agree to use commercially reasonable efforts to resolve any dispute that may arise with respect to the Customer Access Lines to be included on the Partial Closing Schedule.

• Notwithstanding anything contained herein to the contrary, in the event that the Partner Consents relating to the Primary Systems have been obtained, this condition shall be deemed satisfied for a Partial Closing with respect to the Systems and Sellers for which Partner Consents have been obtained.

More Definitions of Partial Closing

Partial Closing or “partial closure” means the closure or decommission of one or more but not all CON-approved services offered by a health care facility.

Partial Closing shall have the meaning set forth in Section 9.7.

Partial Closing means a Closing permitted under the provisions of this Agreement with respect to less than all of the Property. In the case of a Partial Closing all of the provisions of this Agreement shall apply with respect to the Property that is to be purchased in connection with such Partial Closing and the Purchase Price in connection with such Partial Closing shall be calculated based on the following allocation of the Purchase Price: $2,600,000 with respect to ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇, $12,300,000 with respect to 11540-11630 ▇▇▇▇▇▇▇▇▇ Road, Sharonville, Ohio and $3,800,000 with respect to ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇.

Partial Closing means a Closing permitted to Purchaser under the provisions of this Agreement with respect to less than all of the Properties. In the case of a Partial Closing, all of the provisions of this Agreement shall apply with respect to the Properties subject to such Partial Closing and the Purchase Price in connection with such Partial Closing shall be calculated based on the Purchase Price allocated to the Properties subject to such Partial Closing as set forth on Schedule 1 (and the Deposit shall be applied to such Properties on a prorated basis based on such allocation). If the matters affecting the Property or Properties which have been removed from an initial Partial Closing (or Partial Closings) are subsequently satisfied within 180 days after the initial Partial Closing such that pursuant to this Agreement a Partial Closing is to occur with respect to such Property or Properties, then all provisions of this Agreement shall apply with respect to such Property or Properties at the subsequent Partial Closing and the Purchase Price in connection with such subsequent Partial Closing shall be calculated based on the Purchase Price allocated to the Property or Properties subject to such subsequent Partial Closing as set forth on Schedule 1. Notwithstanding the foregoing as a condition to Purchaser’s obligation to close, the gross revenue from such Property shall not have declined by more than five percent (5%). Further if the matters affecting the Property or Properties which have been removed from an Initial Partial Closing are not satisfied within 180 days after the initial Partial Closing, then Purchaser may elect to terminate this Agreement with respect to such Property.