Business Transfer Date definition
Examples of Business Transfer Date in a sentence
Between the date hereof and the Business Transfer Date, Starwood and ILG may mutually agree to update, amend or supplement Schedule 2.01(b) attached hereto to correct any inadvertent inclusions and exclusions thereto.
Prior to the Business Transfer Date, Starwood agrees that it will comply and will cause any Affiliate of Starwood to comply, in all material respects, with all of the terms and conditions set forth in each such Collective Bargaining Agreement and with applicable Law covering Starwood and any Starwood Affiliate’s Employees, including but not limited to, the fulfillment of any labor or employment-related notice, information or consultation requirements relating to the matters contemplated hereby.
Between the date hereof and the Business Transfer Date, Starwood and ILG may mutually agree to update, amend or supplement Schedule 2.01(a) attached hereto to correct any inadvertent inclusions and exclusions thereto.
Within 180 days following the Distribution Date, Spinco will prepare and deliver to Burgundy a statement setting forth the amount of Working Capital, as of the Business Transfer Date, calculated in accordance with the Accounting Exhibit (the “Closing Adjustment Statement”).
Effective as of the Business Transfer Date, Lova and Lova Subsidiaries will assume and be responsible for (i) all Liabilities with respect to US Continuing Employees and their eligible dependents, in respect of health insurance under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, the Health Insurance Portability and Accountability Act of 1996, Sections 601, et seq.
This Agreement will terminate without further action at any time before the Business Transfer Date upon termination of the Transaction Agreement.
Lova will, or will cause or will cause an applicable AppLogiq Group member to, maintain such comparable employment with respect to each Continuing Employee during the one-year period that begins as of the Business Transfer Date or such shorter period as such Continuing Employee remains an employee of an Employing Entity following the Distribution (the “Continuation Period”).
As of the Business Transfer Date, Lova will, or will cause an applicable AppLogiq Group member to, provide to each Continuing Employee employment in a position at least comparable to that held by such Continuing Employee immediately before the Distribution.
At or prior to the Business Transfer Date, Logiq will transfer the employment of each In-Scope Employee to Lova or another member of the AppLogiq Group.
Notwithstanding anything to the contrary herein, any AppLogiq Employee who is employed by a member of the Logiq Group in a non-US jurisdiction immediately prior to the Distribution, and who is required by applicable Law to transfer to a member of the AppLogiq Group in connection with the Transactions, will transfer automatically on the Business Transfer Date to a member of the AppLogiq Group in accordance with such applicable Law.