Examples of Closing II in a sentence
Without limiting the generality of the foregoing provisions of this Section 5.6: (A) the Seller shall be solely responsible for (I) claims for the welfare benefits and for workers’ compensation, in each case, that are incurred by or with respect to any Business Employee other than the European Business Employee before the Closing, (II) claims relating to health continuation coverage required by Section 601 et seq.
In the event that a Successful Closing II does not occur on the Closing Date II, the Closing II shall be deemed to have failed (the “Failed Closing II”).
The Closing II shall be deemed completed, if each and all Closing Actions II have been completed on the Closing Date II prior to 5.00 p.m. CET (the “Successful Closing II”).
In the event that the Buyer has caused a Failed Closing I or a Failed Closing II (i) by failing to submit a notice pursuant to Clause 2.1 or Clause 2.5, or (ii) by failure to perform any of the Closing actions pursuant to Clauses 2.2.1, 2.2.4, 2.6.1 and/or 2.6.4, and the Seller has rescinded this Agreement or any part thereof, the termination and invalidity of the Call Option Agreement pursuant to this Clause 2.9 shall be not affected.
In the event of a Successful Closing I, the Closing II and the Closing Actions II shall take place on the Closing Date II commencing at 10 a.m. CET (the “Closing II”).
In the event of a Failed Closing II the provisions for the Failed Closing I (Clause 2.4) shall apply mutatis mutandis, but in no event later than 29 June 2007.
The Buyer shall notify the Seller of the date for the Closing II in respect of the Purchased Shares II (the “Closing Date II”), which shall be a Business Day (i) not earlier than the fifth Business Day after receipt of such notice by the Seller, and (ii) in no event later than 15 June 2007.