Common use of U.S. COBRA Clause in Contracts

U.S. COBRA. The Buyer agrees to provide any required notice under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") and any other similar applicable law on or after the Closing Date. The Buyer shall assume sole responsibility for any liabilities or obligations arising under COBRA or other similar applicable law resulting from the actions (or inactions) of the Buyer or its Affiliates on or after the Closing Date or from the transactions contemplated hereby.

U.S. COBRA. The Buyer agrees Buyers agree to provide any required notice under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("“COBRA"”) and any other similar applicable law on or after the Closing Date. The Buyer Buyers shall assume sole responsibility for any liabilities or obligations arising under COBRA or other similar applicable law resulting from the actions (or inactions) of the Buyer Buyers or its their Affiliates on or after the Closing Date or from the transactions contemplated hereby.

U.S. COBRA. The Buyer agrees to provide any required notice under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") COBRA and any other similar applicable law on or after the Closing Date. The Buyer shall assume sole responsibility for any liabilities or obligations arising under COBRA or other similar applicable law resulting from the actions (or inactions) of the Buyer or its Affiliates on or after the Closing Date or from the transactions contemplated hereby, and shall provide COBRA coverage for former employees (and their beneficiaries) of the Business who are receiving or eligible to receive COBRA as of the Closing Date.

U.S. COBRA. The Buyer agrees to provide any required notice under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") and any other similar applicable law on or after the Closing DateDate with respect to Buyer Plans. The Buyer agrees to assume all COBRA liabilities for former employees of the Business. Buyer shall assume sole responsibility for indemnify and hold harmless Seller and its Affiliates with respect to any liabilities or obligations arising liability under COBRA or other similar applicable law resulting arising from the actions (or inactions) of the Buyer or its Affiliates on or after the Closing Date or from arising as a result of any actions of the Buyer taken in connection with the transactions contemplated hereby.

U.S. COBRA. The Buyer agrees to provide any required notice under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") and any other similar applicable law Law on or after the Closing DateDate with respect to any eligible Transferred Employee. The Buyer shall assume sole responsibility for indemnify and hold harmless Seller with respect to any liabilities or obligations arising liability under COBRA or other similar applicable law resulting Law arising from the actions (or inactions) of the Buyer or its Affiliates on or after the Closing Date with respect to any Transferred Employee or from arising as a result of the transactions contemplated hereby.

U.S. COBRA. The Buyer Seller agrees to provide any required notice under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") and any other similar applicable law arising from any qualifying event, as defined in COBRA, that occurs on or after prior to the Closing Date. The Buyer shall assume sole responsibility for any liabilities or obligations arising under COBRA or other similar applicable law resulting from the actions (or inactions) of the Buyer or its Affiliates on or after the Closing Date or from the transactions contemplated herebyDate.