Examples of Xxxxx Matter in a sentence
In furtherance of the foregoing and notwithstanding anything herein to the contrary, the Sellers agree that the Buyer (or the relevant Acquired Company) shall be entitled to retain for a period of 180 days from the date of receipt thereof, each of the monthly payments due to the Acquired Companies under Pending Seller Matter identified in clause (iii) above to pay any Losses that have not otherwise been paid by the Sellers in respect of any Pending Seller Matter or the Xxxxx Matter.
Such Closing Date Balance Sheet shall, if the Labidi Matter and/or the Xxxxx Matter have not been resolved, include reserves reflecting the maximum potential liability of the Company in connection with any such unresolved matter.
Purchaser covenants and agrees to pay to Seller or its assigns the amount of any funds received by the UK Subsidiary following the Closing Date in connection with the Xxxxx Matter.
Xxxxxxx Account Officer WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association By: /s/ Xxxxxx Xxxxxxxxxx Xxxxxx Xxxxxxxxxx Vice President XXXXX FARGO BANK, N.A., a national banking association By: /s/ Xxxxx Matter Xxxxx Matter Regional Vice President U.S. BANK NATIONAL ASSOCIATION, a national banking association By: /s/ Xxxxxx Xxxx Xxxxxx Xxxx Vice President BRANCH BANKING & TRUST COMPANY, a North Carolina corporation By: /s/ Xxxxxxxx X.
The Contractor's Authorized Representative is Xxxxx Matter, President, 612.752.8101, or their successor.
Purchaser hereby grants to Seller, and Seller hereby assumes, at Seller's expense, the right to conduct the defense and/or prosecution of any and all claims of Seller, the UK Subsidiary and Purchaser following the Closing in connection with the Xxxxx Matter.
Purchaser shall, and following the Closing shall cause the UK Subsidiary to, consent to any settlement or the entry of any judgment with respect to the Xxxxx Matter with Inland Revenue (or any similar entity) or Xxxxx Xxxxx (or his representatives) that involves only the payment of monies by Seller on behalf of the UK Subsidiary, or by Xx. Xxxxx to the UK Subsidiary only upon the direction of Seller, which consent shall not be unreasonably withheld or delayed.
The Xxxxx Matter alleged class claims only against SCM for: (1) Failure to Pay Minimum Wages and/or Overtime - LC 510, 1194 and 1199, (2) Failure to Provide Meal Periods - LC 226.7, 512, (3) Failure to Provide Rest Periods - LC 226.7 (4) Failure to Reimburse Expenses – LC 2802, (5) Failure to Timely Pay Wages – LC 204, (6) Wage Statement Claims – LC 226; (7) Waiting Time Penalties – LC 203, and (8) Unlawful, Unfair, and/or Fraudulent Business Practices–B&P 17200.
On September 28, 2016, Plaintiffs Xxxxx and Caesar filed the Xxxxx Matter in Los Angeles County Superior Court.
For the avoidance of doubt, any Liabilities relating to the Xxxxx Matter shall be Excluded Liabilities.