Examples of Business Companies in a sentence
From and after the Closing, Buyer shall be responsible for securing all insurance it considers appropriate for its operation of the Business Companies and the Business.
All dividends or distributions declared, made or paid by any Business Companies have been declared, made or paid in accordance with their corporate documents, all applicable Laws and regulations and any agreements or arrangements made with any party regulating the payment of dividends and distributions.
Effective as of the Closing Date, Buyer or its Affiliates (including the Business Companies) shall assume or retain, as applicable, sponsorship of, and shall retain all Liabilities under the Company Benefit Plans, whether arising before, on or after the Closing, and Parent and its Affiliates shall not assume or retain sponsorship of, contribute to or maintain or have any Liability with respect to, the Company Benefit Plans.
After the Closing, Buyer and the Business Companies shall be deemed to be a single Party for the purposes of this Section 2.09.
In furtherance of the foregoing, Buyer shall cause the Business Companies to honor and fulfill, in all respects, the obligations of the Business Companies with respect to indemnification or advancement of expenses pursuant to any D&O Provisions without termination, revocation, amendment or other modification that would adversely affect the rights thereunder of any D&O Indemnified Party.
On the occurrence of the Closing, the Confidentiality Agreement shall automatically terminate without any further action by any of the parties thereto and shall be of no further force or effect, except Buyer shall, and shall cause its Affiliates (including, from and after the Closing, the Business Companies) and Representatives to, keep strictly confidential any and all information relating to or concerning any of the Parent Entities, including any of their respective assets or properties.
As of the date hereof, all material insurance policies maintained for the benefit of the Business by Parent, a Parent Entity or a Business Company are in such amounts, with such deductibles and against such risks and losses as are commercially reasonable for the assets of the Business Companies and the conduct of the Business.
Except as otherwise provided in this Agreement (including in Section 5.06(t) and Section 5.06(h)), as of the Closing Date, Buyer shall, or shall cause one of its Affiliates (including the Business Companies) to, assume or retain, as the case may be, any and all Employment Liabilities of the Business Employees.
Effective as of the Closing Date, Buyer shall, or shall cause one of its Affiliates (including, following the Closing, the Business Companies) to assume or retain, as the case may be, all obligations of Parent and its Affiliates for the accrued, unused vacation and paid time off for the Continuing Employees to the extent not prohibited by applicable Law.
At the Closing, Xxxxx agrees to take over and assume all the known and incurred but not reported claims of the Business Companies and the Business and Xxxxx agrees to be responsible to pay such claims until they are finally settled and disclosed.