Examples of UK Buyer in a sentence
U.K. Buyer shall not be required to duplicate the pension or retirement plans of the U.K. Seller in existence on or prior to the Closing Date, or provide the same type of pension or retirement plan; provided, however, that the U.K. Buyer shall provide a pension or retirement plan offering benefits that complies with the requirements of the Transfer Regulations in effect in the U.K.
US Seller has the right, authority and power to sell, assign and transfer the US Purchased Shares to US Buyer, UK Seller has the right, authority and power to sell, assign and transfer the UK Purchased Shares to UK Buyer, and German Seller has the right, authority and power to sell, assign and transfer the German Purchased Shares to German Buyer, in each case in accordance with the terms of this Agreement.
UK Buyer is not insolvent under the laws of England and Wales or unable to pay its debts as they fall due, no arrangement or compromise has been made with its creditors and no insolvency proceedings have been commenced or applied for, nor has a liquidator, receiver or similar officer been appointed in relation to it or any of its assets and no resolution has been passed or order made for its winding-up.
Where a Buyer directs Seller to make any payment with respect to a payment obligation of Seller pursuant to the terms of this Agreement to US Buyer or UK Buyer, as applicable, to the extent that payment is made by or on behalf of Seller to such Buyer, receipt of such sum by that Buyer shall be a full and effective discharge of Sellers obligation to pay such sum (or a proportion of such sum) to either Buyer and Seller shall not be concerned to see to the application of it.
US Buyer irrevocably agrees that any notice, request or other communication to be given to it, is deemed to have been properly given if it is given to UK Buyer pursuant to the terms of Clause 9.01 of this Agreement (whether or not such notice is forwarded to or received by US Buyer) and any failure by UK Buyer to notify US Buyer of the process will not invalidate the legal action or proceedings concerned.