Applicable Buyer definition
Examples of Applicable Buyer in a sentence
The Applicable Allocation Statement, as agreed upon by the Applicable Buyer and the Applicable Seller and/or determined under this Section 4.6(a), shall be final and binding upon the parties.
In the event that the Applicable Seller objects in writing within such 30-day period, the Applicable Buyer and the Applicable Seller shall negotiate in good faith to resolve the dispute.
Each of the Applicable Buyer and the Applicable Seller shall bear all fees and costs incurred by it in connection with the determination of the Applicable Allocation Statement, except that the parties shall each pay one-half (50%) of the fees and expenses of such accounting firm.
Each such Tax Benefit Payment shall be made by wire transfer of immediately available funds to the bank account previously designated in writing by such TRA Party to the Applicable Buyer or as otherwise agreed by the Applicable Buyer and such TRA Party.
In the plan year in which the Closing Date occurs, Buyer shall waive any restrictions on coverage for pre-existing conditions or requirements for evidence of insurability under the Applicable Buyer Plan for Transferred Employees to the extent such restrictions have been or would have been satisfied under Seller Welfare Plans as of the Closing Date.
Seller shall reimburse U.S. Buyer or the Applicable Buyer Affiliate (as directed by U.S. Buyer) with respect to the accrued portion of such Paid-Time Off that is assumed hereunder.
For the avoidance of doubt, each such Canada New Buyer Employee shall participate in the applicable Paid Time Off arrangement of the Applicable Buyer Affiliate for all periods after the time he or she becomes a New Buyer Employee.
For the avoidance of doubt, each such APAC New Buyer Employee shall participate in the applicable Paid Time Off arrangement of the Applicable Buyer Affiliate for all periods after the time he or she becomes a New Buyer Employee.
Without limiting the generality of the foregoing, Seller shall not have any liability for actions taken at the request of, or with the prior written consent of, a Buyer, and no such action shall limit in any way the obligation of the Applicable Buyer to purchase the related Transferred Interest or assume the Servicing obligations thereunder pursuant to the terms of this Agreement.
Any employee benefits provided to such Transferred Employees will be provided under existing or newly established employee benefit plans which will, in either case, be employee benefit plans of Buyer, a Subsidiary of Buyer, the Company or a Division Entity (any such employee benefit plan in which Transferred Employees participate, the "Applicable Buyer Plan") and which may be modified at any time.