Examples of TBG Entities in a sentence
After the initial twelve (12) months, prices will increase to prices offered to franchisees of the Regis Entities; provided, that the TBG Entities shall pay cash in advance for any such inventory purchases.
As a condition to the effectiveness of this Second Settlement Agreement, the TBG Entities shall pay to the Regis Entities an amount of $1,625,000 for inventory shipped on or after March 1, 2019 through April 29, 2019.
Schedule 2.5(b) of the Disclosure Schedule sets forth, in respect of each Lease, all amounts owing in respect of the Lease for such Salon for the most recent lease payment period ending on or prior to the Closing Date (the “Lease Payments”), and, except as set forth on Schedule 2.5(c) of the Disclosure Schedule, the Assignor TBG Entities have paid all Lease Payments.
Buyer agrees that the Assignor TBG Entities and Assignee shall not have any liability whatsoever to Buyer arising out of or relating to the failure to obtain any Pending Consents and Approvals or because of the termination of any contract as a result thereof.
As of the Closing Date, the Assignor TBG Entities shall ensure that each Salon has at least $250.00 in Salon Cash at such Salon.
With respect to the Business, including, without limitation, the Transferred Employees, the Assignor TBG Entities are in material compliance with all applicable laws respecting employment and employment practices, pay equity, occupational safety and health standards, terms and conditions of employment, and wages and hours except for instances of noncompliance that, individually or in the aggregate are not material.
The TBG Entities shall continue to be solely operationally and financially responsible for the 136 salons set forth on Exhibit C that are already operating under leases solely in a TBG Entity name.
Schedule 2.6(c) of the Disclosure Schedule sets forth all wages and other amounts accrued with respect to Transferred Employees for all periods ending prior to the Closing Date (the “Employee Payments”), and, except as set forth on Schedule 2.6(d) of the Disclosure Schedule and with respect to the Assumed Benefits, the Assignor TBG Entities have paid all Employee Payments owing on or prior to the date hereof.
The North American TSA shall automatically terminate on the earlier of (i) six (6) months after the Effective Date or (ii) the date on which the TBG Entities complete the transition of the Regis Entities from their role as payroll processor (such termination date, the “TSA Termination Date”).
The Assignor TBG Entities and Assignee shall have performed or complied with all obligations and covenants required by this Agreement to be performed or complied with by the Assignor TBG Entities and Assignee by the time of Closing, including, without limitation, the delivery of the closing deliverables of the Assignor TBG Entities set forth in Section 1.4.