Common use of U.S. WARN Act Clause in Contracts

U.S. WARN Act. The 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 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)

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U.S. WARN Act. The Seller shall 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 prior to 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 on or after the Closing Date.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Spheris Leasing LLC)

U.S. WARN Act. The Seller shall 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 prior to 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 on or after the Closing Date.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Idx Systems Corp)

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U.S. WARN Act. The Seller shall 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 prior to 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

Samples: Purchase and Sale Agreement (Doubleclick Inc)

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