Common use of Labor Relations; Compliance Clause in Contracts

Labor Relations; Compliance. Except as set forth in Section 7.15 of the Disclosure Letter or as identified in the BarTech Public Filings: (i) there is no labor strike, slowdown, work stoppage, dispute, lockout or other labor controversy in effect or, to BarTech's Knowledge, threatened involving the employees of BarTech or any of its Subsidiaries, and BarTech and its Subsidiaries have not experienced any such labor controversy within the past three years, (ii) no grievance is pending or, to BarTech's Knowledge, threatened which, if adversely decided, would have a BarTech Material Adverse Effect, (iii) BarTech and each of its Subsidiaries have paid in full to all employees of BarTech all currently accrued and payable wages, salaries, commissions, bonuses, and other material compensation due to such employees in accordance with the payroll practices of BarTech and its Subsidiaries currently in effect and applicable, (iv) BarTech and its Subsidiaries will not have any material liability for severance benefits payable immediately following the Closing under any BarTech Plan as a result of or in connection with the Contemplated Transactions and (v) BarTech and its Subsidiaries are not presently negotiating a collective bargaining agreement or other Contract with any labor organization or other representative of any of their employees (other than as expressly contemplated by this Agreement). Neither BarTech nor any of its Affiliates is subject to any bargaining obligations with any labor organization (including without limitation the USWA) under any Legal Requirement, collective bargaining agreement or otherwise in connection with the Contemplated Transactions, or is required to obtain any agreements of any labor organizations to the changes in corporate structure involved in the Contemplated Transactions, in each case other than any such obligations or requirements which will have been satisfied upon receipt of the NewTube Labor Agreement Ratification and the RTI Labor Agreement Ratification.

Appears in 2 contracts

Samples: Master Restructuring Agreement (Rti Capital Corp), Master Restructuring Agreement (Republic Technologies International Inc)

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Labor Relations; Compliance. Except as set forth in Section 7.15 8.15 of the Disclosure Letter or as identified in the BarTech RESI Public Filings: (i) there is no labor strike, slowdown, work stoppage, dispute, lockout or other labor controversy in effect or, to BarTech's the Republic Parties' Knowledge, threatened involving the employees of BarTech RES Holding or any of its Subsidiaries, and BarTech RES Holding and its Subsidiaries have not experienced any such labor controversy within the past three years, (ii) no grievance is pending or, to BarTech's the Republic Parties' Knowledge, threatened which, if adversely decided, would have a BarTech RES Holding Material Adverse Effect, (iii) BarTech RES Holding and each of its Subsidiaries have paid in full to all of their employees of BarTech all currently accrued and payable wages, salaries, commissions, bonuses, bonuses and other material compensation due to such employees in accordance with the payroll practices of BarTech RES Holding and its Subsidiaries currently in effect and applicableapplicable law, (iv) BarTech RES Holding and its Subsidiaries will not have any material liability for severance benefits payable immediately following the Closing under any BarTech RESI Plan as a result of or in connection with the Contemplated Transactions and (v) BarTech RES Holding and its Subsidiaries are not presently negotiating a collective bargaining agreement or other Contract with any labor organization or other representative of any of their employees (other than as expressly contemplated by this Agreement). Neither BarTech RES Holding nor any of its Affiliates is subject to any bargaining obligations with any labor organization (including without limitation the USWA) under any Legal Requirement, collective bargaining agreement or otherwise in connection with the Contemplated Transactions, or is required to obtain any agreements of any labor organizations to the changes in corporate structure involved in the Contemplated Transactions, in each case other than any such obligations or requirements which will have been satisfied upon receipt of the NewTube Labor Agreement Ratification and the RTI Labor Agreement Ratification.

Appears in 2 contracts

Samples: Master Restructuring Agreement (Republic Technologies International Inc), Master Restructuring Agreement (Rti Capital Corp)

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Labor Relations; Compliance. Neither USX Holdings nor Kobe Holdings has at any time had any employees. Except as set forth in Section 7.15 6.15 of the Disclosure Letter or as identified in the BarTech Public FilingsLetter: (i) there is no labor strike, slowdown, work stoppage, dispute, lockout or other labor controversy in effect or, to BarTech's the USX/Kobe Parties' Knowledge, threatened involving the employees of BarTech or any of its SubsidiariesUSS/Kobe, and BarTech and its Subsidiaries have USS/Kobe has not experienced any such labor controversy within the past three years, (ii) no grievance is pending or, to BarTech's the USX/Kobe Parties' Knowledge, threatened which, if adversely decided, would have a BarTech USS/Kobe Material Adverse Effect, (iii) BarTech and each of its Subsidiaries have USS/Kobe has paid in full to all employees of BarTech USS/Kobe all currently accrued and payable wages, salaries, commissions, bonuses, bonuses and other material compensation due to such employees in accordance with the payroll practices of BarTech and its Subsidiaries USS/Kobe currently in effect and applicable, (iv) BarTech and its Subsidiaries USS/Kobe will not have any material liability for severance benefits payable to a USS/Kobe employee whose employment continues after the Closing with RTI Opco or any of its Subsidiaries or NewTube immediately following the Closing under any BarTech USS/Kobe Plan as a result of or in connection with the Contemplated Transactions and (v) BarTech and its Subsidiaries are USS/Kobe is not presently negotiating a collective bargaining agreement or other Contract with any labor organization or other representative of any of their USS/Kobe's employees (other than as expressly contemplated by this Agreement). Neither BarTech USS/Kobe nor any of its Affiliates is subject to any bargaining obligations with any labor organization (including without limitation the USWA) under any Legal Requirement, collective bargaining agreement or otherwise in connection with the Contemplated Transactions, or is required to obtain any agreements of any labor organizations to the changes in corporate structure involved in the Contemplated Transactions, in each case other than any such obligations or requirements which will have been satisfied upon receipt of the NewTube Labor Agreement Ratification and the RTI Labor Agreement Ratification.

Appears in 2 contracts

Samples: Master Restructuring Agreement (Rti Capital Corp), Master Restructuring Agreement (Republic Technologies International Inc)

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