TTS Business definition
Examples of TTS Business in a sentence
Parent, Buyer and TTSI acknowledge and agree that all attorney-client, work product and other legal privileges that may exist with respect to TTSI and the TTS Business (including, without limitation, with respect to the Contributed Assets, Transferred Intellectual Property, Excluded Assets, Assumed Liabilities and Excluded Liabilities) shall, from and after the Closing Date, be deemed joint privileges of Seller Companies, Buyer and TTSI.
Buyer and TTSI confirm that any employees of the TTS Business that are laid off or on leave as of the Closing Date and who are recalled or rehired by Buyer or TTSI or return from leave on or after the Closing Date will be recalled or rehired by Buyer or TTSI or returned to employment in compliance with any applicable agreements, contracts or Applicable Law and will be accorded the benefits otherwise provided to Transferred Employees by Buyer or TTSI.
TTSI shall recognize the applicable labor unions, collective bargaining representative, trade unions or work councils representing any employees of the TTS Business as the exclusive collective bargaining representatives of such employees with respect to wages, hours, fringe benefits and other terms and conditions of employment to the extent so recognized by Seller Companies for all such employees who are within the appropriate bargaining unit as determined by Applicable Law.
Except as set forth in Schedule B.16, for violations or infringements of Environmental Laws, the operation of the TTS Business and condition of the Contributed Assets and the Transferred Intellectual Property have not violated or infringed, and do not violate or infringe, in any material respect any material Applicable Law or any material order, writ, injunction or decree of any Governmental Authority.
Schedule B.19 contains a correct and complete list of all material policies of insurance held by any Seller Companies that are in effect on the date of this Agreement and that are applicable to the TTS Business.
Buyer acknowledges that the Contemplated Transactions may trigger certain obligations under the immigration laws of the countries where the TTS Business operates.
This Exhibit E sets forth certain additional procedures, covenants and agreements relating to product liability and related matters in respect of products sold and services provided by TTSI or the TTS Business that, among other things, are intended to enhance the parties' ability to achieve these objectives.
Parent shall provide or cause to be provided any notices to the employees of the TTS Business that may be required under any Applicable Law, including but not limited to WARN or any similar state or local law, with respect to events that occur prior to the reorganization of the TTS Business.
Except as otherwise provided in Exhibit D or as otherwise may be agreed to in writing by the parties, from and after the Closing Date, Parent and its Affiliates shall have no obligation of any kind to maintain any form of insurance covering TTSI or all or any part of the Contributed Assets, the Transferred Intellectual Property, the TTS Business or the Transferred Employees.
The Confidentiality Agreement shall continue to apply in accordance with its terms following the Closing to any confidential information of Parent or any Seller Company that does not relate to the TTS Business or TTSI.