Effective upon Closing. The provisions of this ARTICLE 8 shall become effective upon completion of the Closing, and shall have no force and effect prior to the Closing or if this Agreement is terminated prior to Closing.
Effective upon Closing. Buyer shall have assumed, as set forth in Section 6.10, all of the applicable obligations under the IBEW Collective Bargaining Agreements as they relate to Transferred Union Employees;
Effective upon Closing. Seller, on behalf of itself and its Affiliates hereby grants Buyer and its Affiliates (including the Sale Entities) a limited, non-exclusive, non- transferable, non-sublicensable (except to third-party service providers or contractors solely in connection with services provided to or on behalf of Buyer or its Affiliates in the ordinary course of business), fully paid-up, royalty-free license to use and display the Dominion Marks in the United States for no longer than one hundred and eighty (180) days immediately following the Closing, solely in connection with the operation of the Sale Entities’ businesses, including on Marked Materials and any other supplies possessed by the Sale Entities as of Closing, in each case, in substantially the same manner such Dominion Marks were used or displayed prior to the Closing Date. Any goodwill arising from the use or display of the Dominion Marks by Buyer or its Affiliates pursuant to this section inures to the benefit of Seller and its Affiliates. The license set forth in this Section 5.9(b) terminates automatically upon expiration of the one hundred and eighty (180) day period set forth herein, and Buyer and its Affiliates (including the Sale Entities) shall thereafter cease all use of the Dominion Marks, except for de minimis internal and non-public uses permitted herein.
Effective upon Closing. Seller may notify the utility companies serving the Property of the sale of the Property and direct such companies to (i) return to Seller any deposit or deposits posted by Seller, (ii) terminate Sellers' accounts effective on noon on the date of Closing, and (iii) direct to Buyer all bills for services provided to the Property on and after the date of Closing. All service contracts relating to the Property shall be terminated by Seller as of Closing, and Buyer shall have no liability in connection therewith.
Effective upon Closing. Buyer will be substituted for Echelon -------- as the plan sponsor under the Savings Plan. For a period of at least twelve (12) months following the Closing Date, Buyer covenants and agrees to maintain the Savings Plan in accordance with the terms of the Savings Plan as in effect on the date hereof, except to the extent that Buyer is required to amend the Savings Plan to comply with applicable law.
Effective upon Closing. Buyer agrees to purchase (or cause to be purchased) the LM 6000 engine that is leased for Seller's Ave Fenix project and the LM 2500 Engine that is leased at Seller's Rio Grande project at fair market value at the end of the respective leases, such purchases to be on mutually satisfactory, customary terms for transactions of this type.
Effective upon Closing all Confidential Information relating to the Claims will be deemed to be Confidential Information of Crosshair.
Effective upon Closing the term of each of The York Galleria Premises Lease, the Lot 1 Lease, the Lot 2 Lease and the Lot 3 Lease shall end with the same full force and effect as if the date of Closing were set forth therein as the last day of the term thereof, and there shall be a pro-ration of all rentals paid thereunder to the effect that rentals shall be due from Buyer for the period ending on the day preceding the Closing Date. Any rentals paid by Buyer applicable to a period subsequent to the day preceding the Closing Date shall be refunded to Buyer and any such refund may be deducted by Buyer from the Purchase Price.
Effective upon Closing the Majority Shareholder hereby assumes and agrees to pay and perform when due any and all such Deficiencies. Notwithstanding anything to the contrary set forth in this Agreement, the Majority Shareholder shall have no obligation to indemnify any Radio One Indemnitees on account of (i) any Taxes required to be paid by, or on behalf of, any Xxxxx Company as a result of the Mergers not being treated as reorganizations under Section 368(a) of the Code, or (ii) any breach of Section 2.8 resulting from the Mergers not being treated as reorganizations under Sections 368(a) of the Code.
Effective upon Closing and to the fullest extent permitted by law, Buyer hereby (a) releases, discharges and forever acquits Seller and every entity affiliated with Seller and all of their members and partners and AMRESCO Management Inc. and their respective officers, directors, shareholders, employees, agents and independent contractors (collectively the "INDEMNITEES") from all demands, claims, liabilities, obligations, costs and expenses which Buyer may suffer or incur relating to the Property Conditions or any other aspect (as delineated in Section 6.1.2) of the Property, or its improvements or any defect related thereto, and (b) agrees to indemnify, defend, protect and hold harmless the Indemnitees against all demands, claims, liabilities, obligations, costs and expenses, including reasonable attorneys' fees and costs incurred by any of them, which may be asserted by a third party at any time relating to the Property Conditions or any other aspect (as delineated in Section 6 1.2) the Property, or its improvements or any defect related thereto, no matter whether earlier discoverable or not, except that Buyer's obligation of indemnification with respect to claims for injury or damage by third parties shall be limited to Claims asserted with respect to occurrences subsequent to the Closing Date. The obligation of indemnification contained in this Section shall not be deemed to limit or diminish the scope of the indemnification set forth in Section 6.2.7.
