Spherion definition
Examples of Spherion in a sentence
Spherion, at all times that it is the Servicer, shall be responsible for providing any sub-servicer or other delegate of the Servicer with any notice given to the Servicer under this Agreement.
The Company maintains a non-qualified deferred compensation plan, the Spherion Corporation Deferred Compensation Plan (the "DCP"), for highly compensated employees who are not eligible to participate in the Company's 401(k) plan.
If at any time the Administrative Agent shall designate as Servicer any Person other than Spherion, all duties and responsibilities theretofore delegated by Spherion to Borrower or the other Originators may, at the discretion of the Administrative Agent, be terminated forthwith on notice given by the Administrative Agent to Spherion and to Borrower and the other Originators.
Promptly upon the furnishing thereof to the shareholders of Spherion copies of all financial statements, reports and proxy statements so furnished.
The Administrative Agent and the Lenders shall not be required to give notice, demand or other communication to any Person other than Spherion for communication to the Servicer and its sub-servicer or other delegate with respect thereto to be accomplished.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or sent by facsimile transmission or by registered or certified mail (return receipt requested, with postage prepaid) to the parties at the following addresses (or at such other address for a party as shall be specified by like notice): If to Buyer, to: Spherion Atlantic Enterprises, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇.
The occurrence of a default or an event of default under any other financing arrangement pursuant to which such Loan Party is a debtor or an obligor provided that, in the case of Spherion, to the extent such other financing arrangement has unsatisfied payment obligations in excess of $1,000,000.
Spherion must submit this signed form to the State contact who requested staffing services.
The Administrative Agent may at any time after an Unmatured Amortization Event or an Amortization Event designate as Servicer any Person to succeed Spherion or any successor Servicer PROVIDED THAT the Rating Agency Condition is satisfied.
Neither Borrower nor any Originator shall be permitted to further delegate to any other Person any of the duties or responsibilities of the Servicer delegated to it by Spherion.