Compliance with COBRA. The Purchaser will not be subject to any Liability, nor will the Purchaser incur any costs or expenses of any kind in connection with claims of former employees of the Seller or its business, under the provisions of 29 U.S.C. Sections 1161-1168, as same may have been amended from time to time prior to the date hereof, and the regulations and rulings thereunder (“COBRA”). The Seller represents that it has complied with COBRA and its requirements in all material respects.
Appears in 2 contracts
Sources: Asset Sale and Purchase Agreement (GTJ REIT, Inc.), Asset Sale and Purchase Agreement (GTJ REIT, Inc.)