PDIC Responsibilities Sample Clauses

PDIC Responsibilities. As of Closing, PDIC and its US Subsidiary shall cease to sponsor, maintain, contribute to, have an obligation to contribute to, or have any fiduciary obligations with respect to, any Benefit Plan other than any such Benefit Plan maintained solely for the benefit of Business Employees (the “Sellers Benefit Plans”). From and after the Closing Date, Sellers shall honor, pay, perform and satisfy any and all liabilities, obligations and responsibilities to, or in respect of, each PDIC Employee arising under the terms of any Sellers Benefit Plan or under the terms of any employment, consulting, retention, change of control or severance agreement with any Business Employee to which any of Sellers is a party (the “Sellers Compensation Agreements”). From and after the Closing Date, Purchaser shall honor, pay, perform and satisfy any and all liabilities, obligations and responsibilities to, or in respect of, each Business Employee arising under the terms of any existing collective bargaining agreement pertaining to such Business Employee. Sellers shall indemnify and hold Purchaser harmless from any Liability with respect to any Sellers Benefit Plan covering a PDIC Employee (including any beneficiary or dependent thereof) including, any joint and several liability under any Sellers Benefit Plan or with respect to any Sellers Compensation Agreement.
Sample 1
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Related to PDIC Responsibilities

  • Specific Responsibilities In addition to its overall responsibility for monitoring and providing a forum to discuss and coordinate the Parties’ activities under this Agreement, the JSC shall in particular:

  • ALPS’ Responsibilities In connection with its performance of TA Web, ALPS shall:

  • Company Responsibilities The Company will undertake responsibilities as set forth below:

  • Joint Responsibilities In performing the Development Efforts, each party shall

  • Client Responsibilities During the Term and subject to the provisions of this Schedule, Client shall at its expense (unless otherwise provided for herein) fulfill, or cause to be fulfilled by the Funds or otherwise, the Client obligations, if any, set forth in each Service Exhibit to this Schedule. Client hereby represents, warrants and covenants that the execution and delivery of this Schedule by Client and the performance of Client’s obligations under this Schedule have been duly authorized by all necessary action on the part of Client. Client must comply with the provisions of this Schedule. Client agrees that DST may seek relief from Client for any infringement of this Schedule such as, but not limited to, a material violation, breach, act of negligence or gross negligence, willful misconduct, misfeasance or malfeasance committed by Client or its officers, agents and assigns, in connection with Client’s obligations and responsibilities under this Schedule.

  • Monitoring Responsibilities The Custodian shall furnish annually to the Fund, during the month of June, information concerning the foreign sub-custodians employed by the Custodian. Such information shall be similar in kind and scope to that furnished to the Fund in connection with the initial approval of this Contract. In addition, the Custodian will promptly inform the Fund in the event that the Custodian learns of a material adverse change in the financial condition of a foreign sub-custodian or any material loss of the assets of the Fund or in the case of any foreign sub-custodian not the subject of an exemptive order from the Securities and Exchange Commission is notified by such foreign sub-custodian that there appears to be a substantial likelihood that its shareholders' equity will decline below $200 million (U.S. dollars or the equivalent thereof) or that its shareholders' equity has declined below $200 million (in each case computed in accordance with generally accepted U.S. accounting principles).

  • Other Responsibilities The delivery of any notices to, and the obtaining of any consents from, any Permitted Transferee with respect to any provision of this Agreement, including, but not limited to, Sections 7.1 and 7.4, shall be your sole responsibility, unless otherwise agreed to in writing between such Permitted Transferee and the Sponsor. Neither the Company nor the Sponsor shall be liable to any Permitted Transferee for your failure to deliver a notice to, or obtain a consent from, any Permitted Transferee with respect to any provision of this Agreement, including, but not limited to, Sections 7.1 and 7.4.

  • Trust Responsibilities In connection with its use of AVA, the Trust, through its service providers, shall:

  • Contractor Responsibilities It shall be Tenant’s responsibility to cause each of Tenant’s contractors and subcontractors to:

  • Delegation of Responsibilities The Advisor is authorized to delegate any or all of its rights, duties and obligations under this Agreement to one or more sub-advisors, and may enter into agreements with sub-advisors, and may replace any such sub-advisors from time to time in its discretion, in accordance with the 1940 Act, the Advisers Act, and rules and regulations thereunder, as such statutes, rules and regulations are amended from time to time or are interpreted from time to time by the staff of the Securities and Exchange Commission ("SEC"), and if applicable, exemptive orders or similar relief granted by the SEC and upon receipt of approval of such sub-advisors by the Board of Trustees and by shareholders (unless any such approval is not required by such statutes, rules, regulations, interpretations, orders or similar relief).

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