Examples of Local Asset Transfer Agreements in a sentence
Agilent and Verigy intend that the Local Asset Transfer Agreements will generally specify the terms under which Agilent and Verigy agree to allocate between them all assets, Liabilities and responsibilities under, relating to, or arising from Non-United States Plans and certain employment matters.
Each of DuPont and the Sellers has all requisite corporate or other power and authority to execute and deliver this Agreement, the Local Asset Transfer Agreements, the Local Purchase Agreements and any Related Agreements to which it is a party and to consummate the transactions contemplated hereby and thereby.
Seller shall have executed and delivered or caused the Local Sellers to execute and deliver, all Local Asset Transfer Agreements that Seller and Purchaser have agreed to execute and deliver pursuant to Section 2.1(c) of this Agreement.
Such amount provided for in the immediately preceding sentence shall be payable in United States dollars in immediately available federal funds to such bank account or accounts as shall be designated in writing by Seller no later than the second Business Day prior to the Closing, and furthermore, shall be inclusive of any amounts paid or to be paid under any Local Asset Transfer Agreements.
Any amount payable in any local payment jurisdictions shall be equal to the difference in United States dollars, converted into local currency based on the Mid Rate of WM/Reuters Closing Spot Rate (as shown on http://www.wmcompany.com) on the date that is txx Xxxxxxxx Xxxx xxxxx xo the payment date, or based on any other conversion rate explicitly set forth in the Local Asset Transfer Agreements for Brazil and Russia.
The Parties have agreed on the Local Asset Transfer Agreements to be executed for these countries.
The Demerger Documentation and the Local Asset Transfer Agreements shall not limit any rights or remedies of the Parties contained in this Agreement.
Notwithstanding anything to the contrary set forth in the Purchase Agreement, Agilent and Philips hereby agree that to the extent that there is no automatic transfer of employees in any of Chile, Brazil and Mexico, Philips will reimburse Agilent for any and all costs (including any severance obligations) that Agilent may incur as a result of the termination by Agilent of such employees, as agreed in the relevant Local Asset Transfer Agreements and as described in Annex C hereto.
Purchaser shall have ------------------------------- executed and delivered or caused its relevant Affiliates to execute and deliver, any Local Asset Transfer Agreements that Seller and Purchaser have agreed to execute and deliver pursuant to Section 2.1(e) of this Agreement.
Costs Related to Termination of Employees in Chile, Brazil, Mexico and Venezuela ------------------------------------------------------------------------------- Brazil: US$168,000 Chile: Ch$4,853,874 Mexico: US$870,000 minus the amount defined in the Local Asset Transfer Agreement for Mexico as the "Provision Amount" Venezuela US$164,562 (equal to 50% of the total severance costs) Payment details are set forth in the relevant Local Asset Transfer Agreements.