Adoption and Transfer and Assumption of Benefit Plans Sample Clauses

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Adoption and Transfer and Assumption of Benefit Plans 

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Related to Adoption and Transfer and Assumption of Benefit Plans

• Transfer of Assets and Assumption of Liabilities (a) On or prior to the Effective Time, but in any case prior to the Distribution, in accordance with the Plan of Reorganization:

• Binding Effect; Benefit; Assignment (a) The provisions of this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the parties hereto and their respective successors and assigns.