Common use of Labor Disputes and Agreements Clause in Contracts

Labor Disputes and Agreements. There are no labor disputes pending or, to the best of Transferor's knowledge, threatened as to the operation or maintenance of the Property or any part thereof. Transferor 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. Transferor is not a party to any employment contracts or agreements, other than the Employment Agreements, and neither Transferor nor its managing agent will, between the date hereof and the Closing Date, enter into any new employment contracts or agreements, amend any existing Employment Agreement, except with the prior written consent of Transferee. Transferor acknowledges that Transferee will not assume any of the Employment Agreements and Transferor has complied with and shall be responsible for compliance with the WARN Act and any other applicable employment-related laws or ordinances. Transferor has complied with the requirements of the federal Immigration and Reform Control Act respecting the employment of undocumented workers.