Ampex Group definition
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 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.
Section 3.1 Ampex (or such member of the Ampex Group which may be the Plan Sponsor) shall immediately take all actions as are necessary to permit and facilitate the assumption of the Plan or Plans by such member of the Limited Hillside Group, including, but not limited to amendment of the Plan or Plans to effectuate assumption.
The members of the Ampex Group and the Sherborne Group shall use their best efforts to repatriate surplus cash not reasonably required for subsidiaries' needs, to the extent legally permissible.
Notwithstanding the foregoing, the obligations of all of the members of the Full Hillside Group and the Ampex Group under the Joint Settlement Agreement may terminate under subsection (c) only if at the time the conditions are satisfied there are no outstanding loans from any member of the Full Hillside Group or Uncertified Sherborne Cash Infusions to the Ampex Group which have not been repaid and no outstanding Funding Waivers granted by the IRS to the Plan Sponsor.
Any amount loaned by a member of the --------------- Hillside Group to a member of the Ampex Group and any amount transferred from the Collateral Account to a Plan shall be deemed to be an amount paid by a member of the Hillside Group to a Plan for all purposes under this Agreement.
Domestic facilities of the members of the Ampex Group shall not be relocated abroad except for commercial reasons as determined in good faith by the applicable board of directors.
On and -------------------------------------------- after the Hillside Severance Date, no member of the Sherborne Group or the Ampex Group shall be subject to any liability whatsoever with respect to any defined benefit pension plan sponsored now or after the Hillside Severance Date by any member of the Full Hillside Group and Section 4069 of ERISA shall not apply against any member of the Ampex Group or the Sherborne Group with respect to any such pension plan.
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.
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.