Examples of Xxxxxx Subsidiaries in a sentence
The Company and New Xxxxxx acknowledge that the Company and the Company Subsidiaries, on the one hand, and New Xxxxxx and the New Xxxxxx Subsidiaries, on the other hand, may incur costs and expenses (including, but not limited to, contributions to Plans and the payment of insurance premiums) arising from or related to any of the Plans which are, as set forth in this Agreement, the responsibility of the other party hereto.
From and after the Cut-off Date, New Xxxxxx and the New Xxxxxx Subsidiaries shall cease to have any liability or obligation whatsoever with respect to any of the Company Retained Foreign Plans.
In connection with the foregoing, the Company agrees to provide New Xxxxxx or its designated insurance representative with such information (in the possession of the Company or any Company Subsidiary and not already in the possession of New Xxxxxx or a New Xxxxxx Subsidiary) as may be reasonably requested by New Xxxxxx and necessary for New Xxxxxx and the New Xxxxxx Subsidiaries to assume or establish any such Welfare Plan.
From and after the Cut-off Date, New Xxxxxx and the New Xxxxxx Subsidiaries shall cease to have any liability or obligation whatsoever with respect to any of the Company Retained Qualified Plans.
The Company shall cause to be performed, and hereby guarantees the performance and payment of, all actions, agreements, obligations and liabilities set forth herein to be performed or paid by the Company Subsidiaries and New Xxxxxx shall cause to be performed, and hereby guarantees the performance and payment of, all actions, obligations and liabilities set forth herein to be performed or paid by the New Xxxxxx Subsidiaries.