Examples of NorthStar Realty Group in a sentence
If, at any time, NSAM or NorthStar Realty, respectively, acquires or creates one or more subsidiaries that are includable in the NSAM Group or the NorthStar Realty Group, respectively, they shall be subject to this Agreement and all references to the NSAM Group or NorthStar Realty Group, respectively, herein shall thereafter include a reference to such subsidiaries.
No provision of this Agreement shall require any member of the NorthStar Realty Group or any member of the NSAM Group to continue the employment of any employee of any member of the NorthStar Realty Group or any member of the NSAM Group for any specific period of time following the Distribution Date.
NSAM acknowledges and agrees that, except as otherwise provided herein, it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligations arising out of or relating to any employment, consulting, non-competition, retention or other compensatory arrangement previously provided by any member of the NorthStar Realty Group or NSAM Group to any NSAM Participant.
Without limiting the foregoing, NSAM shall, or shall cause a member of the NSAM Group to, reimburse any such member of the NorthStar Realty Group which is a guarantor or obligor as soon as practicable (but in no event later than 30 days) following delivery by NorthStar Realty to NSAM of notice of a payment made pursuant to this Section 2.08 in respect of Liabilities of NSAM.
NorthStar Realty acknowledges and agrees that, except as otherwise provided herein, it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligations arising out of or relating to any employment, consulting, non-competition, retention or other compensatory arrangement previously provided by any member of the NorthStar Realty Group or NSAM Group to any NorthStar Realty Participant.
No later than 30 days after a Tax Detriment described in this Section 5.02(b) is actually realized in cash by a member of the NorthStar Realty Group or a member of the NSAM Group, NorthStar Realty (if a member of the NorthStar Realty Group actually realizes such Tax Detriment) or NSAM (if a member of the NSAM Group actually realizes such Tax Detriment) shall provide the other Company with a written calculation of the amount payable pursuant to this Section 5.02(b).
All indemnification payments under this Agreement shall be made by NorthStar Realty directly to NSAM and by NSAM directly to NorthStar Realty; provided, however, that if the Companies mutually agree with respect to any such indemnification payment, any member of the NorthStar Realty Group, on the one hand, may make such indemnification payment to any member of the NSAM Group, on the other hand, and vice versa.
NSAM shall be liable for, and shall indemnify and hold harmless the NorthStar Realty Group from and against any liability for, Taxes that are allocated to NSAM under this Article II.
The Parties acknowledge and agree that the transactions contemplated by the Separation Agreement will not constitute a termination of employment of any NSAM Participant for purposes of any policy, plan, program or agreement of NorthStar Realty or any member of the NorthStar Realty Group that provides for the payment of severance, separation pay, salary continuation or similar benefits in the event of a termination of employment.
No provision of this Agreement shall constitute a limitation on the rights to amend, modify or terminate any benefit plans, programs, policies, agreements or arrangements of any member of the NorthStar Realty Group or any member of the NSAM Group, and nothing herein shall be construed as an amendment to any such benefit plan, program, policy, agreement or arrangement.