Common use of WARN Act Obligations Clause in Contracts

WARN Act Obligations. Purchaser and Purchaser Parent, jointly and severally, shall be solely responsible for any and all liabilities and obligations, whether imposed on Purchaser or any other party hereto, arising under the Worker Adjustment and Retraining Notification Act and/or similar state and/or local Laws or requirements, in connection with or related to the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby or referred to herein, including the termination of employment by Seller of any and all Embassy Employees (collectively, “WARN Obligations”).

Appears in 2 contracts

Sources: Asset Purchase Agreement (P&f Industries Inc), Asset Purchase Agreement (Mestek Inc)