U.S. WARN Act. The Buyer agrees to provide any required notice under the Worker Adjustment and Retraining Notification Act ("WARN") and any other similar applicable law and to otherwise comply with any such law with respect to any "plant closing" or "mass layoff" (as defined in WARN) or similar event affecting employees and occurring after the Closing Date or arising as a result of the transactions contemplated hereby. The Buyer shall assume sole responsibility for any liabilities or obligations arising under WARN or other applicable law resulting from the actions (or inactions) of the Buyer or its Affiliates after the Closing Date.
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Samples: Stock Purchase and Sale Agreement (Spheris Leasing LLC)
U.S. WARN Act. The Buyer agrees Buyers agree to provide any required notice under the Worker Adjustment and Retraining Notification Act ("“WARN"”) and any other similar applicable law and to otherwise comply with any such law with respect to any "“plant closing" ” or "“mass layoff" ” (as defined in WARN) or similar event affecting employees and occurring on or after the Closing Date or arising as a result of the transactions contemplated hereby. The Buyer Buyers shall assume sole responsibility for any liabilities or obligations arising under WARN or other applicable law resulting from the actions (or inactions) of the Buyer Buyers or its their Affiliates on or after the Closing DateDate or from the transactions contemplated hereby.
Appears in 1 contract
U.S. WARN Act. The Buyer agrees to provide any required notice under the Worker Adjustment and Retraining Notification Act ("“WARN"”) and any other similar applicable law and to otherwise comply with any such law with respect to any "“plant closing" ” or "“mass layoff" ” (as defined in WARN) or similar event affecting employees and occurring after the Closing Date or arising as a result of the transactions contemplated hereby. The Buyer shall assume sole responsibility for any liabilities or obligations arising under WARN or other applicable law resulting from the actions (or inactions) of the Buyer or its Affiliates after the Closing Date.
Appears in 1 contract
Samples: Stock Purchase and Sale Agreement (Idx Systems Corp)
U.S. WARN Act. The Buyer agrees to Seller shall provide any required notice under the Worker Adjustment and Retraining Notification Act ("WARN") and any other similar applicable law and to otherwise comply with any such law with respect to any "plant closing" or "mass layoff" (as defined in WARN) or similar event affecting employees and occurring after prior to the Closing Date or arising as a result of the transactions contemplated hereby. The Buyer shall assume sole responsibility for any liabilities or obligations arising under WARN or other applicable law resulting from the actions (or inactions) of the Buyer or its Affiliates on or after the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Student Advantage Inc)