Common use of Plant Closing Clause in Contracts

Plant Closing. None of the Selling Parties has, directly or -------------- indirectly, taken or omitted to take any action which may result in the Seller's or the Buyer's liability to any person or entity under the WARN Act. The term "any action" does not include the sale and acquisition contemplated by this Agreement and the liability under the WARN Act, if any, which results from the Seller's termination of employees in connection with such sale and acquisition is the sole responsibility of the Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unidigital Inc)

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Plant Closing. None of the Selling Parties has, directly or -------------- indirectly, taken or omitted to take any action which may result in the Seller's or the Buyer's liability to any person or entity under the WARN ActAct and Seller is in full compliance with the provisions of the WARN Act as of the date hereof. The term "any action" does not include the sale and acquisition contemplated by this Agreement and the liability under the WARN Act, if any, which results from the Seller's termination of employees in connection with such sale and acquisition is the sole responsibility of the Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Happy Kids Inc)

Plant Closing. None of the Selling Parties has, directly or -------------- indirectly, taken or omitted to take any action which may result in the Seller's or the Buyer's liability to any person or entity under the WARN Act. The term "any action" does not include the sale and acquisition contemplated by this Agreement and the Agreement. The liability under the WARN Act, if any, which results from the Seller's termination of employees in connection with such sale and acquisition is the sole responsibility of the Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unidigital Inc)

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Plant Closing. None of the Selling Parties has, -------------- directly or -------------- indirectly, taken or omitted to take any action which may result in the Seller's or the Buyer's liability to any person or entity under the WARN Act. The term "any action" does not include the sale and acquisition contemplated by this Agreement and the liability under the WARN Act, if any, which results from the Seller's termination of employees in connection with such sale and acquisition is the sole responsibility of the Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unidigital Inc)

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