Partial Closing definition

Partial Closing means a permanent cessation of a major discrete portion of the business conducted at a facility which results in the termination of a significant number of the employees of said facility and which affects workers and communities in a manner similar to that of Plant Closings.
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Partial Closing is defined in Section 2.7(b).
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Partial Closing has the meaning set forth in Section 2.6(a).
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Examples of Partial Closing in a sentence

  • The representations and warranties contained in this Agreement shall survive the Closing until one (1) year after the Closing Date (or in the case of a Partial Closing or Subsequent Partial Closing, until one (1) year after the Partial Closing Date with respect to the Leases transferred at such Partial Closing or Subsequent Partial Closing) and shall expire at such time.

  • As used herein, the term "Excluded Assets" means all the properties, assets, goodwill and rights of Seller of whatever kind and nature, real or personal, tangible or intangible, that are owned, leased or licensed by Seller on the Closing Date (or Partial Closing Date, if applicable) that are not specifically listed in Section 2.1 or the Exhibits referred to therein.

  • The covenants of Seller contained in Section 8.2 of this Agreement shall survive the Closing until one (1) year after the Closing Date (or in the case of a Partial Closing or Subsequent Partial Closing, until one (1) year after the Partial Closing Date with respect to the Leases transferred at such Partial Closing or Subsequent Partial Closing) and shall expire at such time.

  • Notwithstanding the foregoing, some of the Assets may be sold by Seller and purchased by Buyer prior to the Closing Date at times and locations mutually agreeable to the parties, with each such sale being referred to herein as a "Partial Closing".

  • The parties agree to use commercially reasonable efforts to resolve any dispute that may arise with respect to the Customer Access Lines to be included on the Partial Closing Schedule.

  • Notwithstanding anything contained herein to the contrary, in the event that the Partner Consents relating to the Primary Systems have been obtained, this condition shall be deemed satisfied for a Partial Closing with respect to the Systems and Sellers for which Partner Consents have been obtained.

  • Except with respect to the representations and warranties set forth above in Section 3.1 and Section 3.2, the breach of a representation or warranty with respect to a particular Lease shall be actionable and constitute a breach hereunder only with respect to that specific Lease and not with respect to other Leases, regardless of whether Closing (or a Partial Closing) with respect to such other Leases has occurred.

  • Effective upon the consummation of the Partial Closing, Section 5.6(c) of the Agreement shall be amended in its entirety as follows: “5.6(c).

  • Upon final determination of the Partial Closing Schedule, Buyer and Seller shall proceed to a closing with respect to those Customer Access Lines included on the Partial Closing Schedule.

  • From and after the Partial Closing, HCA and Purchaser shall use commercially reasonable efforts to complete the acquisition of the Associated Business.


More Definitions of Partial Closing

Partial Closing means a Closing permitted to Purchaser under the provisions of this Agreement with respect to less than all of the Properties. In the case of a Partial Closing, all of the provisions of this Agreement shall apply with respect to the Properties subject to such Partial Closing and the Purchase Price in connection with such Partial Closing shall be calculated based on the Purchase Price allocated to the Properties subject to such Partial Closing as set forth on Schedule 1 (and the Deposit shall be applied to such Properties on a prorated basis based on such allocation). If the matters affecting the Property or Properties which have been removed from an initial Partial Closing (or Partial Closings) are subsequently satisfied within 180 days after the initial Partial Closing such that pursuant to this Agreement a Partial Closing is to occur with respect to such Property or Properties, then all provisions of this Agreement shall apply with respect to such Property or Properties at the subsequent Partial Closing and the Purchase Price in connection with such subsequent Partial Closing shall be calculated based on the Purchase Price allocated to the Property or Properties subject to such subsequent Partial Closing as set forth on Schedule 1. Notwithstanding the foregoing as a condition to Purchaser’s obligation to close, the gross revenue from such Property shall not have declined by more than five percent (5%). Further if the matters affecting the Property or Properties which have been removed from an Initial Partial Closing are not satisfied within 180 days after the initial Partial Closing, then Purchaser may elect to terminate this Agreement with respect to such Property.
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Partial Closing means a Closing permitted under the provisions of this Agreement with respect to less than all of the Property. In the case of a Partial Closing all of the provisions of this Agreement shall apply with respect to the Property that is to be purchased in connection with such Partial Closing and the Purchase Price in connection with such Partial Closing shall be calculated based on the following allocation of the Purchase Price: $2,600,000 with respect to 0000 Xxxxxxxxxxx Xxxx, Xxxxxxxxx, Xxxx, $12,300,000 with respect to 11540-11630 Xxxxxxxxx Road, Sharonville, Ohio and $3,800,000 with respect to 0000 Xxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxx.
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Partial Closing shall have the meaning set forth in Section 9.7.
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Related to Partial Closing

  • Partial closure means the closure of a hazardous waste management unit in accordance with the applicable closure requirements of 35 Ill. Adm. Code 724 or 725 at a facility that contains other active hazardous waste management units. For example, partial closure may include the closure of a tank (including its associated piping and underlying containment systems), landfill cell, surface impoundment, waste pile, or other hazardous waste management unit, while other units of the same facility continue to operate.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • Second Closing Date means the date of the Second Closing.

  • Additional Closing has the meaning set forth in Section 2.3.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Final closure means the closure of all hazardous waste management units at the facility in accordance with all applicable closure requirements so that hazardous waste management activities pursuant to 35 Ill. Adm. Code 724 and 725 are no longer conducted at the facility unless subject to the provisions of 35 Ill. Adm. Code 722.134.