HNC Group definition
Examples of HNC Group in a sentence
Retek shall not make any claim or demand or bring or commence any Action asserting any claim or demand, including any claim of contribution or indemnification, against HNC or any member of the HNC Group or any other Person released pursuant to Section 4.1(a), with respect to any Liabilities released pursuant to Section 4.1(a).
There shall be no pending or threatened claim, action, litigation or proceeding, judicial or administrative, or governmental action against East Penn Financial, Bank, any Subsidiary or HNC or any Person within the HNC Group for the purpose of enjoining or preventing the Merger or otherwise preventing the consummation of the Closing or otherwise claiming that this Agreement or the Merger or the consummation of the Closing is illegal or unauthorized.
At the Closing, Retek (on behalf of itself, RIS and the Retek Group) and HNC (on behalf of itself and the HNC Group), shall set-off, settle and pay all then outstanding Retek Intercompany Payables and Retek Intercompany Receivables, as follows.
RIS shall not make any claim or demand or bring or commence any Action asserting any claim or demand, including any claim of contribution or indemnification, against HNC or any member of the HNC Group or any other Person released pursuant to Section 4.1(b), with respect to any Liabilities released pursuant to Section 4.1(b).
The portion, if any, of any HNC Group consolidated unused foreign tax credit which is allocable to Retek shall be determined separately with respect to each of the items of income listed in Section 904(d) of the Code.
For the purposes of this Agreement, "Excluded Assets" shall mean all assets, properties and rights owned or held by HNC or any member of the HNC Group that are not expressly described in any of the subparagraphs of Section 2.1(a).
HNC shall not make, and shall not permit any member of the HNC Group to make, any claim or demand or bring or commence any Action asserting any claim or demand, including any claim of contribution or indemnification, against Retek or RIS or any other Person released pursuant to Section 4.1(c), with respect to any Liabilities released pursuant to Section 4.1(c).
There shall be no pending or threatened claim, action, litigation or proceeding, judicial or administrative, or governmental action against East Penn Financial, Bank, any Subsidiary or any Person within the HNC Group for the purpose of enjoining or preventing the Merger or otherwise preventing the consummation of the Closing or otherwise claiming that this Agreement or the Merger or the consummation of the Closing is illegal or unauthorized.
None of the employees of HNC or any of its Affiliates to the extent relating to the Hawaii Business is currently covered by any collective bargaining agreement, no collective bargaining agreement is currently being negotiated by HNC or any of its Affiliates with respect to the Hawaii Business and to the knowledge of the HNC Group, within the past three years no employee of the Hawaii Business has filed a petition with the National Labor Relations Board or is now petitioning for union representation.
Each of HNC and the HNC Group acknowledges, on behalf of itself and its Affiliates, that a meaningful inducement to JVOI to consummate the transactions contemplated by this Agreement includes the prospect of entering into discussions with Maui Metals and/or its landlord concerning a possible strategic transaction.