Legacy Costs Clause Samples
Legacy Costs. Borrower and its legal and financial advisors will: (a) engage in detailed consultations with the Agent and its legal and financial advisors with respect to developing appropriate cost savings measures relating to the Companies' early retirement provisions of their pension plans and post-retirement medical benefits, and (b) undertake all appropriate cost savings measures on a timely basis unless Borrower reasonably demonstrates that implementation of such measures will result in materially adverse consequences to the Companies' business, operations or human resource situation.
Legacy Costs. Legacy Costs as invoiced monthly by SJCC will be allocated using a Remaining Participant’s Common Participation Share for that year.
Legacy Costs. Subject to EOHLC approval as a project cost, ▇▇▇▇ shall reimburse MHA at closing an amount equal to $843,395, representing the cost of retirement benefits and salary obligations attributable to development personnel for which funding will be lost over a 5-year period.