Common use of Labor Disputes and Agreements Clause in Contracts

Labor Disputes and Agreements. Contributor has no labor disputes pending or, threatened as to the operation or maintenance of the Property or any part thereof. Contributor is not a party to any union or other collective bargaining agreement with employees employed in connection with the ownership, operation or maintenance of the Property. The Acquiror will not be obligated to give or pay any amount to any employee of the Contributor unless the Acquiror elects to hire that employee, and the Acquiror shall not have any liability under any pension or profit sharing plan with respect to the Property or its employees.