Common use of Assumption of Labor Contract Obligations Clause in Contracts

Assumption of Labor Contract Obligations. On and after the Closing Date, Buyer shall assume all of the employer's obligations under, and be bound by the provisions of, each Labor Contract covering Transferred Employees. Seller shall cooperate with Buyer in Buyer's efforts to contact the unions representing Transferred Employees. If a union representing Transferred Employees objects to Buyer's assumption of, or refuses to allow Buyer to assume, the provisions of any existing collective bargaining agreement that covers such Transferred Employees immediately before the Closing Date, or objects to any change in or termination of employee benefits on or after the Closing Date, Seller and its Affiliates shall have no liability or obligation to Buyer by reason of such objection or refusal.

Assumption of Labor Contract Obligations. On and after the Closing Date, Buyer shall assume all of the employer's obligations under, and be bound by the provisions of, each Labor Contract covering Transferred Employees. Seller Sellers shall cooperate with Buyer in Buyer's efforts to contact the unions representing Transferred Employees. If a union representing Transferred Employees objects to Buyer's assumption of, or refuses to allow Buyer to assume, the provisions of any existing collective bargaining agreement that covers such Transferred Employees immediately before the Closing Date, or objects to any change in or termination of employee benefits on or after the Closing Date, Seller Sellers and its their Affiliates shall have no liability or obligation to Buyer by reason of such objection or refusal.