Examples of Ampex Group in a sentence
Notwithstanding the foregoing, any member of the Ampex Group or the Sherborne Group may at any time avoid such liability to Hillside for the amount of the Termination Liability with respect to a Plan by making a Termination Contribution to such Plan.
No member of the Ampex Group shall transfer cash to any Foreign Subsidiaries (including joint ventures and partnerships) or Excluded Subsidiaries in excess of amounts reasonably necessary, in the good faith judgment of their respective boards of directors, for the commercial and financial requirements of such Subsidiaries.
Ampex (or such other member of the Ampex Group as may be the Plan Sponsor of either Plan) shall direct the trustee of the Plan to promptly provide written acknowledgment of receipt of each Required Contribution (or portion thereof) to Ampex, Hillside and the PBGC.
As of the Effective Date, all financial statements and projections concerning the Ampex Group and the Sherborne Group that are or have been made available to Hillside have been or will be prepared in good faith.
Ampex and each member of the Ampex Group shall make such Required Contributions to the Plans as and when due from sources other than the members of the Hillside Group and the Sherborne Group, including, but not limited to, their available cash and cash equivalents, and shall make all commercially reasonable efforts to obtain the funds necessary to satisfy such obligations from sources other than the members of the Hillside Group and the Sherborne Group.
Ampex and each member of the Ampex Group acknowledges and agrees that pursuant to the provisions of ERISA, the Code, the Joint Settlement Agreement and this Agreement they are and shall be jointly and severally primarily liable for Required Contributions to, and Termination Liability for, the Plans.
The last continuation, a seven- month extension to September 30, 2011, came on March 3, 2011.Although several national commissions47 have studied the issue and have called for new sources of funding as well as a longer-term conversion to a per-mile tax, the new Congress with a more conservative inclination has yet to take action.
No failure of any party to this Agreement to enforce at any time any of the provisions of this Agreement or to exercise any option under this Agreement and no course of dealing between or among any member of the Ampex Group, the Hillside Group and/or, the Sherborne Group shall be construed to be a waiver of any such provision or option, or shall in any way affect the validity of this Agreement or the right of any party to enforce each and every one of its provisions or options.
Domestic facilities of the members of the Ampex Group and the Sherborne Group shall not be relocated abroad except for commercial reasons as determined in good faith by the applicable Board of Directors.
No provision of this Agreement (including ------------- the Exhibits hereto) may be modified or amended, except pursuant to an agreement entered into by Hillside, the members of the Ampex Group and the members of the Sherborne Group evidenced by written instruments signed by their authorized representatives and no provision of this Agreement may be waived except pursuant to a written instrument signed by the authorized representative of the waiving party.