Examples of IDT Group in a sentence
Each Intercompany Account outstanding immediately prior to the Effective Time, in any general ledger account of IDT, CTM or any of their respective Affiliates, shall be satisfied and/or settled by the relevant members of the IDT Group and the CTM Group no later than the Effective Time by capitalization of the entire balance of the amounts payable or receivable to/from the respective entities.
CTM shall give each CTM Participant full credit for purposes of eligibility, vesting, determination of level of benefits, and, to the extent applicable, benefit accruals under any CTM Benefit Plan, respectively, for such CTM Participant’s service with any member of the IDT Group to the same extent such service was recognized by the applicable IDT Benefit Plans; provided, that such service shall not be recognized to the extent that such recognition would result in the duplication of benefits.
In no event shall IDT, any other member of the IDT Group or any IDT Indemnitee have liability or obligation whatsoever to any member of the Net2Phone Group in the event (i) that any Insurance Policy or other contract or policy of insurance shall be terminated or otherwise cease to be in effect for any reason, shall be unavailable or inadequate to cover any Liability of any member of the Net2Phone Group for any reason whatsoever or shall not be renewed or extended beyond the current expiration date.
From and after the Effective Time, no current or former employee of any member of the IDT Group shall have any authority to access, control or sign in connection with any CTM Account other than those who will be authorized CTM employees.
SPCI shall give each SPCI Participant full credit for purposes of eligibility, vesting, determination of level of benefits, and, to the extent applicable, benefit accruals under any SPCI Benefit Plan, respectively, for such SPCI Participant’s service with any member of the IDT Group to the same extent such service was recognized by the applicable IDT Benefit Plans; provided, that such service shall not be recognized to the extent that such recognition would result in the duplication of benefits.
On and after the Distribution Date, SPCI shall indemnify, defend and hold harmless each member of the IDT Group, and each of their respective directors, officers, employees and agents (the “IDT Indemnitees”) from and against any and all Indemnifiable Losses incurred or suffered by any of the IDT Indemnitees and arising out of, or due to, (a) the failure of SPCI to pay, perform or otherwise discharge, any of the SPCI Liabilities, and (b) any breach by SPCI of this Agreement.
Each Intercompany Account outstanding immediately prior to the Effective Time, in any general ledger account of IDT, Xxxxxx or any of their respective Affiliates, shall be satisfied and/or settled by the relevant members of the IDT Group and Xxxxxx no later than the Effective Time.
From and after the Effective Time, no current or former employee of any member of the IDT Group shall have any authority to access, control or sign in connection with any SPCI Account other than those who will be authorized SPCI employees.
In addition, IDT shall prepare and file ruling requests, and take all other actions on behalf of any member of the IDT Group that it deems appropriate in providing tax services to the members of the IDT Group.
Each Intercompany Account outstanding immediately prior to the Effective Time, in any general ledger account of IDT, Zedge or any of their respective Affiliates, shall be satisfied and/or settled by the relevant members of the IDT Group and Zedge no later than the Effective Time.