Common use of Compliance with WARN Act Clause in Contracts

Compliance with WARN Act. Buyer agrees that, for a period of sixty (60) days after the Closing Date, it will not cause any of the employees of the Acquired Companies as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create any liability for Sellers, unless Buyer or the Acquired Companies deliver notices under the WARN Act in such a manner and at such time that Sellers bear no liability with respect thereto.

Appears in 1 contract

Samples: Securities Purchase Agreement (Beacon Roofing Supply Inc)

AutoNDA by SimpleDocs

Compliance with WARN Act. Buyer Purchaser agrees that, for a period of sixty (60) 60 days after the Closing Date, it will not cause any of the employees of the Acquired Companies Company or any of its Subsidiaries as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create any liability for Sellers, unless Buyer Purchaser or the Acquired Companies deliver Company delivers notices under the WARN Act in such a manner and at such a time that Sellers bear Seller bears no liability with respect thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fleetcor Technologies Inc)

Compliance with WARN Act. Buyer The Purchaser agrees that, for a period of sixty (60) days after the Closing Date, it will not cause any of the employees of the Acquired Companies Holdings or its Subsidiaries as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create any liability for Sellersthe Seller, unless Buyer the Purchaser, Holdings or the Acquired Companies deliver its Subsidiaries delivers notices under the WARN Act in such a manner and at such a time that Sellers the Seller bear no liability with respect thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Princeton Review Inc)

Compliance with WARN Act. Buyer agrees that, for a period of sixty (60) days after the Closing Date, it will not cause any of the employees of the Acquired Companies Company as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create any liability for SellersSeller or its Affiliates, unless Buyer or the Acquired Companies deliver Company delivers notices under the WARN Act in such a manner and at such time that Sellers Seller and its Affiliates bear no liability with respect thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Concentra Operating Corp)

AutoNDA by SimpleDocs

Compliance with WARN Act. Buyer The Purchaser agrees that, for a period of sixty (60) days after the Closing Date, it will not cause any of the employees of the Acquired Companies Company or any of the Company Subsidiaries as of the Closing Date to suffer “employment loss” for purposes of the WARN Act if such employment loss could create reasonably be expected to result in any liability for the Sellers, unless Buyer the Purchaser or the Acquired Companies deliver Company delivers notices under the WARN Act in such a manner and at such a time that the Sellers bear no liability with respect thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement

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