Common use of WARN Act Notices Clause in Contracts

WARN Act Notices. The Sellers shall indemnify and hold harmless Purchaser and its Affiliates from all costs, liabilities and expenses, including, without limitation, reasonable attorneys fees, incurred by Purchaser or any of its Affiliates as a result of any violation of, or failure to comply with, the WARN Act based on the transaction contemplated by this Agreement. For purposes of the WARN Act and this Section 6.1(b), "Closing Date" shall mean the "effective date" of the transaction contemplated by this Agreement, as defined in the WARN Act. Notwithstanding the foregoing, prior to the Closing Date, Purchaser shall have the right to negotiate terms of employment with non-union represented individuals to become effective immediately after the Closing with such employees of Sellers as is determined by Purchaser in its sole discretion.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Republic Technologies International Holdings LLC), Asset Purchase Agreement (Blue Steel Capital Corp)