OWNER’S AND THE COMPANY’S REPRESENTATIONS AND WARRANTIES. 12 4.1. Organization; Qualification 12 4.2. Authorization 12 4.3. Subsidiaries 13 4.4. Tax Matters 13 4.5. Absence of Certain Changes 14 4.6. Purchased Assets; Fixed Asset List 15 4.7. Contracts 16 4.8. Vendor Information 16 4.9. Inventories 17 4.10. Intellectual Property; IT Assets; Data Privacy 17 4.11. Absence of Conflicting Agreements or Required Consents 19 4.12. Permits 19 4.13. Borrowings and Guarantees 19 4.14. Real Property 19 4.15. Environmental 20 4.16. Employee Benefits and Related Matters 21 4.17. Employees 22 4.18. No Increase in Costs 24 4.19. Compliance with Applicable Law; Adverse Restriction 24 4.20. Claims, Litigation, Proceedings, Etc. 24 4.21. Financial Statements 25 4.22. Current Liabilities 25 4.23. Absence of Undisclosed Liabilities; Suppliers 25 4.24. Insurance 25 4.25. Brokers and Finders 26 4.26. Affiliate Transactions 26 4.27. Tangible Personal Property 26 4.28. Pest Infestation 27 4.29. Liquor Licenses 27 4.30. COVID-19 27
OWNER’S AND THE COMPANY’S REPRESENTATIONS AND WARRANTIES. The Owner and the Company, jointly and severally, make the following representations and warranties to the Purchaser as of the date hereof and as of the Closing:
