Common use of Post-Closing Liability Clause in Contracts

Post-Closing Liability. AlliedSignal and Buyer shall pay and be solely liable for, and shall indemnify and hold Parent and Sellers harmless against, any obligation, cost or expense for severance pay, termination pay, salary continuation, special bonuses or like compensation under any Buyer plan, policy or arrangement which result from, or relate to, actions taken by AlliedSignal or Buyer or any Affiliate thereof after the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Banner Aerospace Inc), Asset Purchase Agreement (Banner Aerospace Inc)

AutoNDA by SimpleDocs

Post-Closing Liability. AlliedSignal and Buyer shall pay and be ---------------------- solely liable for, and shall indemnify and hold Parent and Sellers harmless against, any obligation, cost or expense for severance pay, termination pay, salary continuation, special bonuses or like compensation under any Buyer plan, policy or arrangement which result from, or relate to, actions taken by AlliedSignal or Buyer or any Affiliate thereof after the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Fairchild Corp), Asset Purchase Agreement (Fairchild Corp)

Post-Closing Liability. AlliedSignal and Buyer shall pay and Buxxx xxaxx xxx xnd be solely liable for, and shall indemnify and hold Parent and Sellers harmless against, any obligation, cost or expense for severance pay, termination pay, salary continuation, special bonuses or like compensation under any Buyer plan, policy or arrangement which result from, or relate to, actions taken by AlliedSignal or Buyer or any Affiliate thereof after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alliedsignal Inc)

AutoNDA by SimpleDocs

Post-Closing Liability. AlliedSignal and Buyer shall pay and be solely liable forliablx xxx, and shall xxx xxxxl indemnify and hold Parent and Sellers harmless against, any obligation, cost or expense for severance pay, termination pay, salary continuation, special bonuses or like compensation under any Buyer plan, policy or arrangement which result from, or relate to, actions taken by AlliedSignal or Buyer or any Affiliate thereof after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alliedsignal Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!