Buyer's Plan Sample Clauses

Buyer's Plan. 26 Buyers ............................................................1 Cap ...........................................................33 Claimant ...........................................................32 Closing ............................................................1
Sample 1Sample 2
AutoNDA by SimpleDocs
Buyer's Plan. Buyer's Plan" shall have the meaning given in Section 8.3(a)(i).
Sample 1Sample 2
Buyer's Plan. The Current Employees who are salaried employees or hourly employees not subject to a collective bargaining agreement shall cease participating in the NS Group, Inc. Salaried Employees Retirement Savings Plan (the "SELLER'S PLAN") as of the Closing Date. The Buyer or Imperial shall establish or designate a defined contribution plan (the "BUYER'S PLAN") effective as of the Closing Date, to accept the assets of, and to assume the liability of, the Seller's Plan associated with those Current Employees participating in the Seller's Plan on the Closing Date (collectively, the "AFFECTED PARTICIPANTS").
Sample 1
Buyer's Plan. As soon as reasonably practicable, and in no event more than 30 days, after the Closing Date, Buyer shall adopt a new Savings Plan (the "New Savings Plan") and establish a new Savings Plan Trust (the "New Savings Plan Trust"). (Alternatively, Buyer may treat an existing 401(k) plan that it maintains as the New Savings Plan and its 401(k) plan trust as the New Savings Plan Trust.) As of the Closing Date, the ISP Employees shall participate in the New Savings Plan. Buyer represents and warrants that the New Savings Plan and the New Savings Plan Trust will meet the requirements for qualification under section 401 and related sections of the Code and will meet such requirements as of the date of the transfer described in Section 10.3(f). As soon as reasonably practicable, and in no event more than 90 days after the Closing Date, Buyer shall request a determination from the IRS that the New Savings Plan and New Savings Plan Trust meet such qualification requirements. If the IRS declines to make a favorable determination with respect to the New Savings Plan or New Savings Plan Trust as newly submitted, Buyer shall adopt, in a timely manner, such amendments as may be required by the IRS (and are not inconsistent with this Agreement) to secure such favorable determination. Within five days after Buyer receives such favorable determination, Buyer shall provide to Seller copies of the New Savings Plan, the New Savings Plan Trust and the initial determination letter issued by the IRS with respect to the New Savings Plan (or in the case of Buyer's amendment to an existing plan, with respect to the plan as amended).
Sample 1

Related to Buyer's Plan

  • Buyers’ representatives After this Agreement has been signed by the Parties and the Deposit has been lodged, the Buyers have the right to place two (2) representatives on board the Vessel at their sole risk and expense. These representatives are on board for the purpose of familiarisation and in the capacity of observers only, and they shall not interfere in any respect with the operation of the Vessel. The Buyers and the Buyers’ representatives shall sign the Sellers’ P&I Club’s standard letter of indemnity prior to their embarkation.

  • Buyers 3.1 The Buyer Parent has incorporated or shall incorporate wholly-owned single purpose Xxxxxxxx Islands entities to be the Buyers of the Rigs and will nominate one such Buyer for each Rig.

  • Buyer’s Conditions for Closing Unless otherwise waived in writing, and without prejudice to Buyer’s right to cancel this Contract during the Review Period, the duties and obligations of Buyer to proceed to Closing under the terms and provisions of this Contract are and shall be expressly subject to strict compliance with, and satisfaction or waiver of, each of the conditions and contingencies set forth in this Section 9.1, each of which shall be deemed material to this Contract. In the event of the failure of any of the conditions set forth in this Section 9.1 or of any other condition to Buyer’s obligations provided for in this Contract, which condition is not waived in writing by Buyer, Buyer shall have the right at its option to declare this Contract terminated, in which case the Xxxxxxx Money Deposit and any interest thereon shall be immediately returned to Buyer and each of the parties shall be relieved from further liability to the other, except as otherwise expressly provided herein, with respect to this Contract.

  • Buyer’s Conditions to Closing The obligation of Buyer to consummate the Closing is subject to the fulfillment of each of the following conditions (except to the extent waived in writing by Buyer in its sole discretion):

  • Buyer’s Closing Deliveries At the Closing, Buyer shall deliver or cause to be delivered the following:

  • Buyer’s Conditions The obligations of Buyer at the Closing are subject, at the option of Buyer, to the satisfaction at or prior to the Closing of the following conditions:

  • Buyer’s Deliveries At the Closing, Buyer shall deliver the following to Seller:

  • Buyer Closing Deliveries At the Closing, Buyer shall deliver or cause to be delivered the following:

  • Buyer’s Representations Buyer represents and warrants to, and covenants with, Seller as follows:

  • Buyer’s Closing Conditions The obligations of Buyer under this Agreement are subject, at the option of Buyer, to the satisfaction, at or prior to the Closing, of the following conditions:

Time is Money Join Law Insider Premium to draft better contracts faster.