Common use of Payroll Matters Clause in Contracts

Payroll Matters. During the Sale Term, Merchant or Buyer, as applicable, shall process the payroll for all Retained Employees and any former employees and temporary labor engaged for the Sale. Each Wednesday (or such other date as may be reasonably requested by Merchant or Buyer, as applicable, to permit the funding of the payroll accounts before such payroll is due and payable) during the Sale Term, Agent shall transfer to Merchant’s or Buyer’s, as applicable, payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ compensation and benefits for such week, to the extent such amount constitutes Expenses hereunder.

Payroll Matters. During the Sale Term, Merchant or Buyer, as applicable, shall process the base payroll for all Retained Employees and any former employees and temporary labor engaged for the Saleretained by Agent. Each Wednesday (or such other date as may be reasonably requested by Merchant or Buyer, as applicable, to permit the funding of the payroll accounts before such payroll is due and payable) during the Sale Term, Merchant shall transfer, or, to the extent that the Payment Date has passed, Agent shall transfer transfer, to Merchant’s or Buyer’s, as applicable, payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ compensation and benefits for such week, to the extent such amount constitutes week which constitute Expenses hereunder.

Payroll Matters. During the Sale Term, Merchant or Buyer, as applicable, shall process the base payroll for all Retained Employees and as well as payroll for any of Merchant’s former employees and or temporary labor engaged retained by Agent for the Sale. Each Wednesday (or such other date as may be reasonably requested by Merchant or Buyer, as applicable, to permit the funding of the payroll accounts before such payroll is due and payable) during the Sale Term, Merchant shall transfer, or, to the extent that the Payment Date has passed, Agent shall transfer transfer, to Merchant’s or Buyer’s, as applicable, payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ compensation and benefits for such week, to the extent such amount constitutes week which constitute Expenses hereunder.

Payroll Matters. During the Sale Term, Merchant or Buyer, as applicable, shall process the base payroll for all Retained Employees and any former employees and temporary labor engaged for the Saleretained by Agent. Each Wednesday Tuesday (or such other date as may be reasonably requested by Merchant or Buyer, as applicable, to permit the funding of the payroll accounts before such payroll is due and payable) during the Sale Term, Merchant shall transfer, or to the extent that the Payment Date has passed, Agent shall transfer transfer, to Merchant’s or Buyer’s, as applicable, 's payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ worker's compensation and benefits for such week, to the extent such amount constitutes week which constitute Expenses hereunder.

Payroll Matters. During the Sale Term, Merchant or Buyer, as applicable, shall process the base payroll for all Retained Employees and any former employees and all temporary labor engaged for the Saleretained by Agent. Each Wednesday (or such other date as may be reasonably requested by Merchant or Buyer, as applicable, to permit the funding of the payroll accounts before such payroll is due and payable) during the Sale Term, to the extent that the Guaranteed Amount has been paid in full (whether through collection of Proceeds or exercise of the Merchant Option), Agent shall transfer transfer, to Merchant’s or Buyer’s, as applicable, payroll accounts an amount equal to the base payroll for Retained Employees plus related payroll taxes, workers’ worker’s compensation and benefits for such week, to the extent such amount constitutes week which constitute Expenses hereunder.