Waiver of Pre-Existing Conditions; Crediting of Deductibles Sample Clauses

Waiver of Pre-Existing Conditions; Crediting of Deductibles. Transferred Employees shall be eligible to participate in welfare benefit plans of Buyer or its Affiliates and Buyer shall use commercially reasonable efforts to cause (i) the waiver of any limitations as to pre-existing conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to such Transferred Employees under such plans and (ii) for the plan year in which the Closing Date occurs (or, if later, in the calendar year in which such Transferred Employees and their dependents commence participation in the applicable welfare plans), the crediting of each such Transferred Employee with any co-payments and deductibles paid prior to participation in such welfare plans in satisfying any applicable deductible or out-of-pocket requirements thereunder.

Waiver of Pre-Existing Conditions; Crediting of Deductibles. No later than the Closing Date, Holdings or Newco or any of their respective Subsidiaries shall establish or cause to be established, at such Person’s own expense, benefit plans that provide life insurance, health care, dental care, accidental death and dismemberment insurance, disability and other group welfare benefits for Covered Employees. Holdings or Newco or any of their respective Subsidiaries shall cause (i) the waiver of all limitations as to pre-existing conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to the Covered Employees under any such welfare benefit plans to the extent that such conditions, exclusions or waiting periods would not apply under the Employee Benefit Plans, and (ii) for the plan year in which the Closing Date occurs (or, if later, in the calendar year in which Covered Employees and their dependents commence participation in the applicable welfare plans), the crediting of each Covered Employee with any co-payments and deductibles paid prior to participation in such welfare plans in satisfying any applicable deductible or out-of-pocket requirements thereunder.

Waiver of Pre-Existing Conditions; Crediting of Deductibles. Buyer shall use commercially reasonable efforts to cause (i) the waiver of any limitations as to pre- existing conditions and exclusions, (ii) the crediting of service with Seller and its Affiliates for purposes of satisfying waiting periods with respect to participation and coverage requirements applicable to such Transferred Employees under such plans and (iii) for the plan year in which the Closing Date occurs (or, if later, in the calendar year in which such Transferred Employees and their dependents commence participation in the applicable welfare plans), the crediting of each such Transferred Employee with any co-payments and deductibles paid prior to participation in such welfare plans in satisfying any applicable deductible or out-of-pocket requirements thereunder.