Common use of REPRESENTATIONS AND WARRANTIES OF BUYER Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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REPRESENTATIONS AND WARRANTIES OF BUYER. 45 50 Section 4.1 Organization 9.1 Representations and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability Warranties of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 50 Article X CONFIDENTIALITY 51 Section 5.4 10.1 Confidential Information 51 Section 10.2 Restricted Access 52 Section 10.3 Permitted Disclosures 53 Article XI LICENSE AND OWNERSHIP; SOFTWARE 55 Section 11.1 IP License to Use 55 Section 11.2 Grant of Third Party Software License 55 Section 11.3 Effect on Licenses 56 Section 11.4 No Software Warranty 56 Section 11.5 IP Related Covenants 56 Section 11.6 Representations and Warranties 57 Article XII EVENTS OF DEFAULT AND TERMINATION 57 Section 12.1 Seller Default 57 Section 12.2 Buyer Default 58 Section 12.3 Buyer’s Remedies Upon Occurrence of a Seller Default 59 Section 12.4 Seller’s Remedies Upon Occurrence of a Buyer Default 59 Section 12.5 Preservation of Rights 59 Section 12.6 Force Majeure 60 Section 12.7 Termination of Facilities Subject to PPAs 60 Article XIII INDEMNIFICATION 61 Section 13.1 IP Indemnity. 61 Section 13.2 Indemnification of Seller by Buyer. 62 Section 13.3 Indemnification of Buyer by Seller 63 Section 13.4 Indemnity Claims Procedure 63 Section 13.5 Limitation of Liability 64 Section 13.6 Liquidated Damages; Estoppel 65 Section 13.7 Survival 65 Article XIV MISCELLANEOUS PROVISIONS 65 Section 14.1 Amendment and Seller 54 Modification 65 Section 5.5 Conduct 14.2 Waiver of Business Pending the Closing 56 Compliance; Consents 65 Section 5.6 Termination of Certain Services and Contracts14.3 Notices 65 Section 14.4 Assignment; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters Subcontractors 66 Section 5.10 Post-Closing Operations 67 14.5 Dispute Resolution; Service of Process 68 Section 5.11 Post-Closing Environmental Matters 67 14.6 Governing Law, Jurisdiction, Venue 68 Section 5.12 Transfer Taxes; Expenses 67 14.7 Counterparts 68 Section 5.13 Tax Matters 67 14.8 Interpretation 68 Section 5.14 14.9 Entire Agreement 68 Section 14.10 Construction of Agreement 69 Section 14.11 Severability 69 Section 14.12 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 14.13 Independent Contractors 69 Section 14.14 Limitation on Export 69 Section 14.15 Time of Essence 69 Section 14.16 No Rights in Third Parties 70 Section 5.17 Condemnation 14.17 Amendment and Restatement of Original PUMA 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 ANNEXES Annex A Minimum Power Product Example Calculation Annex B Insurance Annex C Capacity Warranty Claim Example Calculation and Amounts Payable Annex D List of PPAs EXHIBITS Exhibit A Specifications for Bloom Systems and Battery Solution Exhibit B Form of Xxxx of Sale Exhibit C Seller Deliverables Exhibit D Form of Payment Notice Exhibit E Form of Purchase Order Exhibit F Form of Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY Deposit Milestone Certificate Exhibit G Form of Tranche Notice Exhibit H Form of Seller’s Certificate of Installation Exhibit I [Reserved] Exhibit J Seller Corporate Safety Plan Exhibit K Subcontractor Quality Plan Exhibit L [Reserved] Exhibit M Parties’ Managers and Service Fees SCHEDULES Schedule 3.3 Design and Installations Procedures Schedule 3.4 Commissioning Procedures Schedule 4.2 Operations and Maintenance Procedures Schedule 4.6 Approved Major Service Providers FIRST AMENDED AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78RESTATED

Appears in 3 contracts

Samples: First Amended (Bloom Energy Corp), First Amended (Bloom Energy Corp), First Amended (Bloom Energy Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 25 8.1 Incorporation and Existence 45 Section 4.2 Authority Good Standing 25 8.2 Authority; Enforceability; No Conflict 25 8.3 No Proceedings 26 8.4 Financing Capability 26 8.5 Brokers 26 8.6 Buyer Investigation and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Evaluation 26 ARTICLE V 9 COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer 27 9.1 Information and Seller 54 Section 5.5 Documents 27 9.2 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition 28 9.3 Efforts to Consummate Generally 28 9.4 Exclusive Dealing 29 9.5 Antitrust Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 29 9.6 Access 29 9.7 Regulatory Matters. 30 9.8 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 30 9.9 Welichem Agreement 31 9.10 Commercial Manufacturing and Supply Agreement 31 9.11 Asset Transfer Plan. 31 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DERMAVANT SCIENCES LTD. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DERMAVANT SCIENCES LTD. IF PUBLICLY DISCLOSED. Table of Contents Page ARTICLE VI 10 CONDITIONS TO CLOSING 71 Section 6.1 32 10.1 Buyer’s Conditions Obligation to Closing 71 Section 6.2 Seller’s Conditions Close 32 10.2 Seller Parties’ Obligation to Closing 73 Close 33 ARTICLE VII 11 INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 REMEDIES 34 11.1 Survival 74 Section 7.2 34 11.2 Indemnification by Seller 74 Section 7.3 Parties 34 11.3 Indemnification by Buyer 74 Section 7.4 34 11.4 Limitations on Amount 35 11.5 Notice of Claims 35 11.6 Determination of Amount 36 11.7 Third Party Claim Indemnification Procedure 36 11.8 Certain Other Limitations 37 ARTICLE 12 TERM AND TERMINATION 38 12.1 Termination Prior to Closing 38 12.2 Effect of Termination and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Abandonment 39 12.3 Return of Indemnification Payments 78Confidential Information 39 12.4 Survival 39 ARTICLE 13 GENERAL PROVISIONS 39 13.1 Expenses 39 13.2 Notices 39 13.3 Bankruptcy 40 13.4 Further Assurances 40 13.5 Waiver 41 13.6 Entire Agreement and Modification 41 13.7 Assignments, Successors and No Third-Party Rights 41 13.8 Severability 41 13.9 Interpretation 41 13.10 Time of the Essence 42 13.11 Governing Law 42 13.12 Dispute Resolution. 42 13.13 Specific Performance 44 13.14 Non-Recourse 44 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DERMAVANT SCIENCES LTD. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DERMAVANT SCIENCES LTD. IF PUBLICLY DISCLOSED. Table of Contents Page 13.15 Relationship 44 13.16 Execution of Agreement; Counterparts 44 13.17 No Consequential Damages 45 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DERMAVANT SCIENCES LTD. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DERMAVANT SCIENCES LTD. IF PUBLICLY DISCLOSED. EXHIBITS Exhibit A Assignment and Assumption Agreement Exhibit B Clinical Manufacturing and Supply Agreement Exhibit C IND Transfer Letters Exhibit D Key Commercial Manufacturing and Supply Agreement Terms Exhibit E Patent Assignment Agreement Exhibit F Development Plan CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DERMAVANT SCIENCES LTD. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DERMAVANT SCIENCES LTD. IF PUBLICLY DISCLOSED. ASSET PURCHASE AGREEMENT This Asset Purchase Agreement (this “Agreement”) is made and dated as of July 10, 2018, by and among Glaxo Group Limited, a company incorporated under the laws of England and Wales (“GGL”), GlaxoSmithKline Intellectual Property Development Ltd., a company incorporated under the laws of England and Wales (“GIPD,” and together with GGL, “Seller Parties”) and Dermavant Sciences GmbH, a company incorporated under the laws of Switzerland (“Buyer”). Seller Parties and Buyer may each be referred to herein individually as a “Party” and collectively as the “Parties.”

Appears in 2 contracts

Samples: Asset Purchase Agreement (Roivant Sciences Ltd.), Asset Purchase Agreement (Dermavant Sciences LTD)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 11 ​ 3.1 Due Organization. 11 ​ 3.2 Authority; Binding Nature Of Agreements 11 ​ 3.3 Non-Contravention; Consents 11 ​ 3.4 Sufficiency of Funds; Solvency 12 ​ 3.5 No Vote Required 12 ​ 3.6 Brokers 12 ​ ​ Table of Contents (Continued) ​ ​ ​ ​ ​ ​ ​ ​ Page ​ ​ ​ ​ ​ 3.7 Reliance 12 4. PRE-CLOSING COVENANTS. 12 ​ 4.1 Organization Access And Investigation 12 ​ 4.2 Operation Of Business 13 ​ 4.3 Filings and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section Consents 13 ​ 4.4 Legal Non Solicitation. 13 ​ 4.5 Non-Competition. 14 ​ 4.6 ReShape Stockholder Approval. 15 ​ 4.7 Commercially Reasonable Efforts 15 ​ 4.8 Publicity/Disclosure 15 ​ 4.9 Tax Matters 15 5. CONDITIONS PRECEDENT TO RESHAPE’S OBLIGATION TO CLOSE. 16 ​ 5.1 Accuracy Of Representations 16 ​ 5.2 Transfer of Employees of ReShape.. 16 ​ 5.3 Performance Of Obligations. 16 ​ 5.4 No Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability 16 ​ 5.5 No Prohibition 17 ​ 5.6 ReShape Stockholder Approval 17 ​ 5.7 Closing of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Merger 17 6. CONDITIONS PRECEDENT TO BUYER’S OBLIGATION TO CLOSE. 17 ​ 6.1 Accuracy Of Representations 17 ​ 6.2 Performance Of Obligations. 17 ​ 6.3 No Proceedings 17 ​ 6.4 No Prohibition 17 7. TERMINATION. 17 ​ 7.1 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Events 17 ​ 7.2 Termination Procedures 18 ​ 7.3 Effect Of Termination 18 8. ADDITIONAL AGREEMENTS. 18 ​ 8.1 No Survival Of Representations And Covenants. 18 ​ 8.2 Further Actions. 18 ​ 8.3 Post-Closing Operations 67 Section 5.11 PostPublicity/Confidentiality 19 ​ 8.4 Bulk Sales Requirements 19 ​ ​ Table of Contents (Continued) ​ ​ ​ ​ ​ ​ ​ ​ Page ​ ​ ​ ​ ​ 8.5 Non-Closing Environmental Matters 67 Section 5.12 Transfer TaxesTransferable Contracts 19 ​ 8.6 Non-Transferable Assets 20 ​ 8.7 Trademarks; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Trade Names; Service Marks 20 9. MISCELLANEOUS PROVISIONS. 20 ​ 9.1 Further Assurances 68 Section 5.15 Schedule Modifications During 20 ​ 9.2 Fees and Expenses 20 ​ 9.3 Attorneys’ Fees 20 ​ 9.4 Notices 20 ​ 9.5 Time Of The Essence 21 ​ 9.6 Headings 21 ​ 9.7 Counterparts 21 ​ 9.8 Governing Law 21 ​ 9.9 Dispute Resolution 21 ​ 9.10 Assignment 22 ​ 9.11 Remedies Cumulative; Specific Performance 22 ​ 9.12 Waiver. 23 ​ 9.13 Amendments 23 ​ 9.14 Severability 23 ​ 9.15 Entire Agreement 23 ​ 9.16 Knowledge 23 ​ 9.17 Construction. 23 ​ ​ ​ ASSET PURCHASE AGREEMENT THIS ASSET PURCHASE AGREEMENT is entered into as of July 8, 2024, by and between ReShape Lifesciences Inc., a Delaware corporation (the Interim Period “ReShape”), and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Ninjour Health International Limited, a private limited company incorporated under the laws of United Kingdom (“Buyer’s Conditions ”). Certain capitalized terms used in this Agreement are defined in Exhibit A. ReShape and Buyer are referred to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations in this Agreement collectively as the “Parties,” and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78individually as a “Party.”

Appears in 2 contracts

Samples: Asset Purchase Agreement (ReShape Lifesciences Inc.), Asset Purchase Agreement (ReShape Lifesciences Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 28 Section 4.1 Organization 4.1Organization, Standing and Existence 45 Power 28 Section 4.2 Authority 4.2Authority; Noncontravention 28 Section 4.3Capital Resources 29 Section 4.4Litigation 29 Section 4.5Brokers and Enforceability 45 Other Advisors 30 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent 4.6Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 30 ARTICLE V COVENANTS 48 ADDITIONAL AGREEMENTS 30 Section 5.1 Closing Conditions 48 5.1Confidentiality; Non-Competition 30 Section 5.2 Notices, Consents; Approvals 48 5.2Certain Tax Matters 33 Section 5.3 Assigned Contracts 51 5.3Public Announcements 35 Section 5.4 Access of Buyer and Seller 54 5.4Regulatory Matters 35 Section 5.5 5.5Access 36 Section 5.6Expenses 36 Section 5.7Wrong Pockets 36 Section 5.8Further Assurances 37 Section 5.9TRIS Make-Whole Payments 37 Section 5.10Name 37 Section 5.11Employment 38 Section 5.12 Conduct of Business Pending Prior to the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 38 ARTICLE VI CONDITIONS TO CLOSING 71 INDEMNIFICATION 39 Section 6.1 Buyer’s Conditions to Closing 71 6.1Indemnification of Buyer 39 Section 6.2 Seller’s Conditions to Closing 73 6.2Indemnification of Seller Indemnified Parties 40 Section 6.3Limitations 40 Section 6.4. Indemnification Claims 42 Section 6.5Termination of Indemnification 43 Section 6.6Exclusive Remedies 43 ARTICLE VII INDEMNIFICATIONGENERAL PROVISIONS 43 Section 7.1Rules of Construction 43 Section 7.2Notices 44 Section 7.3Consents and Approvals 45 Section 7.4Counterparts 45 Section 7.5Entire Agreement; LIMITATIONS OF LIABILITY AND WAIVERS 74 No Third Party Beneficiaries 45 Section 7.1 Survival 74 7.6Assignment 45 Section 7.2 Indemnification by Seller 74 7.7Governing Law 45 Section 7.3 Indemnification by Buyer 74 7.8Enforcement 45 Section 7.4 Certain Limitations and Provisions 75 7.9Severability 46 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 787.10 Amendment; Waiver 46

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cerecor Inc.), Asset Purchase Agreement (Cerecor Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 AND MERGER SUB 36 Section 4.1 Organization 4.01 Making of Representations and Existence 45 Warranties 36 Section 4.2 4.02 Organization, Standing and Authority and Enforceability 45 36 Section 4.3 Noncontravention 46 4.03 Capital Stock 36 Section 4.4 4.04 Subsidiaries 37 Section 4.05 Corporate Power; Minute Books 38 Section 4.06 Corporate Authority 38 Section 4.07 Regulatory Approvals; No Defaults 38 Section 4.08 SEC Documents; Other Reports; Internal Controls 39 Section 4.09 Financial Statements; Undisclosed Liabilities 41 Section 4.10 Absence of Certain Changes or Events 42 Section 4.11 Legal Proceedings 46 42 Section 4.5 4.12 Compliance with Laws 46 43 Section 4.6 4.13 Material Contracts; Defaults 43 Section 4.14 Agreements with Regulatory Agencies 44 Section 4.15 Risk Management Instruments 44 Section 4.16 Joint Proxy Statement-Prospectus Information; Registration Statement 45 Section 4.17 Brokers 46 45 Section 4.7 Availability of Funds 46 4.18 Employee Benefit Plans 45 Section 4.8 Qualified Buyer 4.19 Labor Matters; Employment 47 Section 4.9 Governmental Approvals 4.20 Tax Matters 47 Section 4.10 WARN Act 47 4.21 Environmental Matters 49 Section 4.11 Independent Investigation 47 4.22 Investment Securities 50 Section 4.12 Disclaimer Regarding Projections 47 4.23 Regulatory Capitalization 50 Section 4.24 Loan Portfolio 51 Section 4.25 Reserves 52 Section 4.26 Trust Business; Administration of Fiduciary Accounts 52 Section 4.27 Investment Management and Related Activities 52 Section 4.28 Repurchase Agreements 53 Section 4.29 CRA, Anti-Money Laundering and Customer Information Security 53 Section 4.30 Transactions with Affiliates 53 Section 4.31 Tangible Properties and Assets 54 Section 4.32 Intellectual Property 55 Section 4.33 Insurance 55 Section 4.34 Joint Proxy Statement/Prospectus 55 Section 4.35 Information Security 55 Section 4.36 Indemnification 56 Section 4.37 Questionable Payments 56 Section 4.38 No Other Representations or Warranties 56 ARTICLE V COVENANTS 48 RELATING TO CONDUCT OF BUSINESS 57 Section 5.1 Closing Conditions 48 5.01 Conduct of Business Prior to Effective Time 57 Section 5.2 Notices, Consents5.02 Company Forbearances 57 Section 5.03 Buyer Forbearances 62 ARTICLE VI ADDITIONAL AGREEMENTS 62 Section 6.01 Commercially Reasonable Effort 62 Section 6.02 Shareholder Approval 63 Section 6.03 Registration Statement; Approvals 48 Joint Proxy Statement-Prospectus; Nasdaq Listing 64 Section 5.3 Assigned Contracts 51 6.04 Regulatory Filings; Consents 65 Section 5.4 6.05 Publicity 66 Section 6.06 Access; Information 67 Section 6.07 No Solicitation by Company 67 Section 6.08 Indemnification; Directors’ and Officers’ Insurance 71 Section 6.09 Employees; Benefit Plans 73 Section 6.10 Notification of Certain Changes 76 Section 6.11 Current Information 76 Section 6.12 Board Packages 76 Section 6.13 Transition; Informational Systems Conversion 77 Section 6.14 Access to Customers and Suppliers 77 Section 6.15 Environmental Assessments 77 Section 6.16 Shareholder Litigation and Claims 78 Section 6.17 Company Directors 78 Section 6.18 Election of Certain Company Directors to Boards of Directors of Buyer and Seller 54 Buyer Bank 78 Section 5.5 Conduct 6.19 Third Party Consents 79 Section 6.20 Coordination 79 Section 6.21 Stock Exchange De-listing 80 Section 6.22 Coordination of Business Pending the Closing 56 Dividends 80 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 6.23 Section 5.7 Seller Marks 59 16(a) 80 Section 5.8 Employee Matters 60 6.24 Takeover Restrictions 80 Section 5.9 ISO-NE and NEPOOL Matters 66 6.25 Classified Loans 81 Section 5.10 Post-Closing Operations 67 6.26 Asset Disposition 81 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 6.27 Company Foundation 81 ARTICLE VI VII CONDITIONS TO CLOSING 71 CONSUMMATION OF THE MERGER 82 Section 6.1 Buyer’s 7.01 Conditions to Closing 71 Obligations of the Parties to Effect the Merger 82 Section 6.2 Seller’s 7.02 Conditions to Obligations of Buyer 82 Section 7.03 Conditions to Obligations of Company 83 Section 7.04 Frustration of Closing Conditions 84 ARTICLE VIII TERMINATION 84 Section 8.01 Termination 84 Section 8.02 Termination Fee 85 Section 8.03 Effect of Termination 87 ARTICLE IX DEFINITIONS 87 Section 9.01 Definitions 87 ARTICLE X MISCELLANEOUS 100 Section 10.01 Survival 100 Section 10.02 Waiver; Amendment 101 Section 10.03 Expenses 101 Section 10.04 Notices 101 Section 10.05 Entire Understanding; No Third-Party Beneficiaries 102 Section 10.06 Severability 102 Section 10.07 Governing Law; Jurisdiction 102 Section 10.08 Waiver of Jury Trial 103 Section 10.09 Interpretation 103 Section 10.10 Assignment 103 Section 10.11 Counterparts; Electronic Delivery 103 Section 10.12 Confidential Supervisory Information 103 INDEX OF DEFINED TERMS 2021 Company PRSUs 8 2022-2023 Company PRSUs 8 Acquisition Agreement 69 Affiliate 87 Agreement 87 Approval Date 2 Articles of Holdco Merger 2 Articles of Merger 2 Asset Disposition 81 Asset Disposition Agreement 81 Bank Merger 1, 88 Bank Secrecy Act 88 BHC Act 88 BOLI 33 Burdensome Conditions 65 Business Day 88 Buyer 1, 88 Buyer 401(k) Plan 74 Buyer Acquisition Proposal 88 Buyer Adverse Recommendation Change 69 Buyer Balance Sheet Date 41 Buyer Bank 1 Buyer Benefit Plan 45 Buyer Board Recommendation 63 Buyer Classified Loans 51 Buyer Common Stock 88 Buyer Covered Person 56 Buyer Disclosure Schedule 36 Buyer Equity Plan 89 Buyer ESOP 89 Buyer Insurance Policies 89 Buyer Intervening Event 89 Buyer Lease Options 54 Buyer Leased Real Property 54 Buyer Leases 54 Buyer Loan Property 49 Buyer Material Contract 89 Buyer Material Contracts 44 Buyer Meeting 63 Buyer Owned Real Property 54 Buyer Pension Plan 45 Buyer Real Property 54 Buyer Regulatory Agreement 44 Buyer Reports 39 Buyer RSA 9 Buyer RSU 90 Buyer Share Issuance 13 Buyer Superior Proposal 90 Buyer Third Party Consents 44 CARES Act 90 CECL 90 Chosen Courts 102 Closing 2 Closing Date 2 Code 90 Commissioner 13 Community Reinvestment Act 90 Company 1, 90 Company 401(k) Plan 74 Company Acquired Mortgage Loan 90 Company Acquisition Proposal 91 Company Adverse Recommendation Change 69 Company Applicable Requirements 91 Company Balance Sheet Date 16 Company Bank 1, 91 Company Benefit Plan 20 Company Board Recommendation 63 Company Classified Loans 26 Company Common Stock 91 Company Covered Person 35 Company Data Tape 91 Company designated directors 78 Company Disclosure Schedule 10 Company Employees 20 Company Equity Awards 92 Company ESOP 92 Company Intervening Event 92 Company Leased Real Property 32 Company Leases 32 Company Loan Property 22 Company Material Contracts 19 Company Meeting 63 Company Mortgage Loans 92 Company Mortgage Servicing Rights 92 Company Owned Mortgage Loan 92 Company Owned Real Property 31 Company Pension Plan 20 Company PRSU 93 Company Real Property 32 Company Regulatory Agreement 19 Company Reports 14 Company Restricted Share 93 Company RSA 9 Company RSU 93 Company Serviced Mortgage Loan 93 Company Servicing Agreement 93 Company Stock Plan 93 Company Subservicer 93 Company Superior Proposal 93 Company Third Party Consents 19 Confidentiality Agreement 102 Consideration 4 COVID Measures 94 CRA 90 D&O Insurance 72 Data Vendor Agreement 34 Derivative Transaction 94 Designated Employees 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS Xxxx-Xxxxx Act 94 Effective Time 2 End Date 85 Enforceability Exceptions 13 Environmental Law 94 Equal Credit Opportunity Act 95 ERISA 95 ERISA Affiliate 21 Exchange Act 95 Exchange Agent 95 Exchange Fund 5 Exchange Ratio 4 Executive Officer 95 Fair Credit Reporting Act 95 Fair Housing Act 95 Xxxxxx Xxx 27 FDIC 95 Federal Deposit Insurance Act 95 Federal Reserve Act 95 FHLB 95 FRB 95 Freddie Mac 27 GAAP 95 Xxxxxx Xxx 27 Governmental Authority 95 Xxxxx-Xxxxx-Xxxxxx Act of 1999 95 Hazardous Substance 95 Holdco Merger 1, 96 Holdco Merger Effective Time 3 Home Mortgage Disclosure Act 96 Indemnified Parties 71 Indemnifying Party 71 Information Systems Conversion 77 Insurance Policies 33 Intellectual Property 96 Interim Surviving Entity 1, 96 Intervening Event Notice 70 Intervening Event Notice Period 70 IRS 96 IT Assets 34 Joint Proxy Statement-Prospectus 96 Knowledge 96 Law 97 Lease Options 32 Liens 97 Loans 26 Material Adverse Effect 97 Maximum D&O Tail Premium 72 MBCA 1 Merger 1 Merger Consideration 4 Merger Sub 1 Merger Sub Common Stock 98 Nasdaq 13 National Labor Relations Act 98 New Certificate 5 New Plans 73 NHBD 13 Notice Period 69 Old Certificate 98 Option 98 Options 98 OREO 98 Patient Protection and Affordable Care Act 98 Permitted Actions 58 Permitted Liens 31 Person 98 Personal Data 18 Phase I Assessment 61 Phase II Assessment 78 Plan of Bank Merger 98 Privacy Laws 98 Privacy Obligations 99 Process 99 Processing 99 Registration Statement 34 Regulatory Approval 13 Release 99 Representatives 67, 99 Requisite Buyer Shareholder Approval 38 Requisite Company Shareholder Approval 13 Xxxxxxxx-Xxxxx Act 15 Scheduled Company PRSUs 9 SEC 99 Securities Act 99 Security Breach 34 Subsidiary 99 Superior Proposal Notice 70 Surviving Entity 1, 99 Takeover Restrictions 34 Tax 100 Tax Returns 100 Taxes 100 Taxing Authority 100 Termination Fee 85 The date hereof 100 Transition Period 73 Treasury Regulations 100 Truth in Lending Act 100 USA PATRIOT Act 100 Voting Agreement 1, 100 VWAP 90 Willful Breach 100 AGREEMENT AND PLAN OF LIABILITY MERGER This AGREEMENT AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification PLAN OF MERGER, dated as of September 19, 2023, is by Seller 74 Section 7.3 Indemnification by and among Eastern Bankshares, Inc. (“Buyer”), Citadel MS 2023, Inc., a wholly owned subsidiary of Buyer 74 Section 7.4 Certain Limitations (“Merger Sub”), Eastern Bank, a wholly owned subsidiary of Buyer (“Buyer Bank”), Cambridge Bancorp (“Company”), and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Cambridge Trust Company, a wholly owned subsidiary of Indemnification Payments 78Company (“Company Bank”). Any capitalized term used in this Agreement and not otherwise defined has the meaning set forth in Article IX.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Eastern Bankshares, Inc.), Agreement and Plan of Merger (Cambridge Bancorp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 4.01. Corporate Existence and Existence 45 Power 40 Section 4.2 Authority and Enforceability 45 4.02. Corporate Authorization 40 Section 4.3 4.03. Governmental Authorization 41 Section 4.04. Noncontravention 46 41 Section 4.4 Legal Proceedings 46 4.05. Financing 41 Section 4.5 Compliance with Laws 46 4.06. Litigation 41 Section 4.6 Brokers 46 4.07. Solvency 41 Section 4.7 Availability 4.08. Finders’ Fees 42 Section 4.09. Purchase for Investment 42 Section 4.10. RBC Stock Investment 42 Section 4.11. Capitalization 42 Section 4.12. SEC Filings; Financial Statements 42 Section 4.13. No Undisclosed Liabilities 43 Section 4.14. Absence of Funds 46 Certain Changes 43 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 4.15. Inspections; No Other Representations 43 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.01. Conduct of the Business Pending the 44 Section 5.02. Pre-Closing 56 Access 46 Section 5.6 Termination of Certain Services and 5.03. Regulatory Filings 47 Section 5.04. Permits 49 Section 5.05. Shared Contracts; Transition Matters 58 , Affiliate Transactions 49 Section 5.7 Seller Marks 59 5.06. Third Party Approvals 50 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 5.07. Post-Closing Operations 67 Asset Transfers 51 Section 5.11 5.08. Intercompany Balance; Cash 52 Section 5.09. Business Guarantees 52 Section 5.10. Supplementation of Disclosure Schedule 52 Section 5.11. Use of X. X. Xxxxx Trademarks 53 Section 5.12. Insurance 53 Section 5.13. Legal Proceedings; Production of Witnesses; Privileged Matters 53 Section 5.14. Retention of Books and Records and Post-Closing Environmental Matters 67 Access 55 Section 5.12 Transfer Taxes; Expenses 67 5.15. Confidentiality 56 Section 5.13 Tax Matters 67 5.16. Noncompetition 57 Section 5.14 5.17. Public Announcements 57 Section 5.18. Non-solicit 57 Section 5.19. Resignations 58 Section 5.20. Further Assurances 68 58 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 5.21. Audit of Business Financial Statements 58 Section 5.16 Casualty 70 5.22. Product Liability Insurance 59 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by 5.23. Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Covenants 59

Appears in 2 contracts

Samples: Asset and Stock Purchase Agreement, Asset and Stock Purchase Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 AND BUYER BANK 28 Section 4.1 Organization 4.01. Making of Representations and Existence 45 Warranties 28 Section 4.2 4.02. Organization, Standing and Authority and Enforceability 45 28 Section 4.3 Noncontravention 46 4.03. Capital Stock 29 Section 4.4 4.04. Corporate Power 29 Section 4.05. Corporate Authority 30 Section 4.06. SEC Documents; Financial Statements 30 Section 4.07. Regulatory Reports 31 Section 4.08. Regulatory Approvals; No Defaults 31 Section 4.09. Legal Proceedings 46 32 Section 4.5 4.10. Absence of Certain Changes or Events 32 Section 4.11. Compliance with Laws 46 32 Section 4.6 4.12. Brokers 46 33 Section 4.7 Availability 4.13. Regulatory Capitalization 33 Section 4.14. Buyer Regulatory Agreements 33 Section 4.15. Community Reinvestment Act 34 Section 4.16. Financing 34 Section 4.17. Tax Matters 34 Section 4.18. Subsidiaries 34 Section 4.19. Employee Benefits 35 Section 4.20. No Other Representations and Warranties 35 Article 5. COVENANTS 35 Section 5.01. Covenants of Funds 46 Company 35 Section 4.8 Qualified 5.02. Covenants of Buyer 38 Section 5.03. Commercially Reasonable Efforts 39 Section 5.04. Shareholder Approvals 39 Section 5.05. Registration Statement; Joint Proxy Statement-Prospectus; Nasdaq Listing 41 Section 5.06. Regulatory Filings; Consents 42 Section 5.07. Publicity 43 Section 5.08. Access; Current Information 43 Section 5.09. No Solicitation by Company; Superior Proposals 44 Section 5.10. Indemnification 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 5.11. Employees; Benefit Plans 48 Section 5.1 5.12. Notification of Certain Changes 49 Section 5.13. No Control of Other Party’s Business 49 Section 5.14. Certain Litigation 49 Section 5.15. Director Matters 49 Section 5.16. Systems Integration; Operating Functions 50 Section 5.17. Confidentiality 50 Section 5.18. Tax Matters 50 Section 5.19. Closing Conditions 48 Date Share Certification 50 Section 5.2 Notices, Consents; Approvals 48 5.20. Company Bank and Buyer Bank Approval 50 Section 5.3 Assigned Contracts 5.21. Takeover Laws 50 Section 5.22. Claims Letters 51 Section 5.4 Access 5.23. Restrictive Covenant Agreement 51 Section 5.24. Real Property Matters 51 Table of Contents (continued) Page Section 5.25. Preparation of Certain Financial Statements 52 Section 5.26. Restructuring Efforts 52 Article 6. CONDITIONS TO CONSUMMATION OF THE MERGER 53 Section 6.01. Conditions to Obligations of the Parties to Effect the Merger 53 Section 6.02. Conditions to Obligations of Company 53 Section 6.03. Conditions to Obligations of Buyer and Seller 54 Article 7. TERMINATION 55 Section 5.5 Conduct of Business Pending the Closing 56 7.01. Termination 55 Section 5.6 7.02. Break-Up Fee 57 Section 7.03. Termination of Certain Services and Contracts; Transition Matters Fees. 58 Section 5.7 Seller Marks 7.04. Effect of Termination 58 Article 8. DEFINITIONS 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 8.01. Definitions 59 Article 9. MISCELLANEOUS 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 9.01. Survival 68 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION9.02. Waiver; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Amendment 68

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Eagle Bancorp Montana, Inc.), Agreement and Plan of Merger (Eagle Bancorp Montana, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 4.01 Existence and Existence 45 Power 31 Section 4.2 Authority 4.02 Corporate Authorization 32 Section 4.03 Governmental Authorization 32 Section 4.04 Noncontravention 32 Section 4.05 Absence of Litigation 32 Section 4.06 Qualifications 33 Section 4.07 Brokers 33 Section 4.08 Financing 33 Section 4.09 Projections and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Other Information 33 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Solvency 34 ARTICLE V COVENANTS 48 OF SELLER Section 5.1 5.01 Operations Pending Closing Conditions 48 34 Section 5.2 Notices, Consents; Approvals 48 5.02 No Negotiation 37 Section 5.3 Assigned Contracts 51 5.03 No-Hire 37 Section 5.4 5.04 Interim Reports 38 Section 5.05 Additional Seller Party 38 ARTICLE VI COVENANTS OF BUYER Section 6.01 Access of Buyer and Seller 54 to Information 38 Section 5.5 Conduct of Business Pending the Closing 56 6.02 Accounts Receivable 38 Section 5.6 6.03 Termination of Rights to the Names and Marks 40 Section 6.04 Insurance Policies 41 Section 6.05 Title Commitments; Surveys 41 Section 6.06 No-Hire 41 ARTICLE VII JOINT COVENANTS Section 7.01 Commercially Reasonable Efforts; Further Assurances 41 Section 7.02 Confidentiality 43 Section 7.03 Certain Services and ContractsFilings; Transition Matters 58 Further Actions 43 Section 5.7 Seller Marks 59 7.04 Control Prior to Closing 43 Section 5.8 Employee Matters 60 7.05 Public Announcements 43 Section 5.9 ISO-NE and NEPOOL Matters 66 7.06 Notices of Certain Events 44 Section 5.10 7.07 Retention of Records; Post-Closing Operations 67 Access to Records 44 Section 5.11 Post-Closing Environmental Matters 67 7.08 Cooperation in Litigation 45 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 787.09 Financial Statement Assistance 45

Appears in 2 contracts

Samples: Asset Purchase Agreement (Mercury New Holdco, Inc.), Asset Purchase Agreement (Media General Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 35 Section 4.1 Organization and Existence 45 35 Section 4.2 Authority and Enforceability 45 35 Section 4.3 Noncontravention 46 35 Section 4.4 Legal Proceedings 46 36 Section 4.5 Compliance with Laws 46 36 Section 4.6 Brokers 46 36 Section 4.7 Availability of Funds 46 36 Section 4.8 Qualified Buyer 47 36 Section 4.9 Governmental Approvals 47 36 Section 4.10 WARN Act 47 37 Section 4.11 Independent Investigation 47 37 Section 4.12 Disclaimer Regarding Projections 47 37 Section 4.13 Investment Purposes; No Distribution 37 ARTICLE V COVENANTS 48 38 Section 5.1 Closing Conditions 48 38 Section 5.2 Notices, Consents; Consents and Approvals 48 38 Section 5.3 Assigned Contracts 51 41 Section 5.4 Access of Buyer and Seller 54 43 Section 5.5 Conduct of Business Pending the Closing 56 45 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 47 Section 5.7 Seller Marks 59 48 Section 5.8 Employee Matters 60 48 Section 5.9 ISO-NE and NEPOOL Matters 66 53 Section 5.10 Post-Closing Operations 67 53 Section 5.11 Post-Closing Discharge of Environmental Matters 67 Liabilities 53 Section 5.12 Transfer Taxes; Expenses 67 Taxes 54 Section 5.13 Tax Matters 67 54 Section 5.14 Further Assurances 68 55 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 55 Section 5.16 Casualty 70 56 Section 5.17 Condemnation 70 57 Section 5.18 Confidentiality 71 57 Section 5.19 Public Announcements 71 57 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 ARCO ROFR 57 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 785.21 Exclusivity 58

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 AND BUYER BANK 27 Section 4.1 Organization 4.01. Making of Representations and Existence 45 Warranties 27 Section 4.2 4.02. Organization, Standing and Authority and Enforceability 45 28 Section 4.3 Noncontravention 46 4.03. Capital Stock 28 Section 4.4 4.04. Corporate Power 29 Section 4.05. Corporate Authority 29 Section 4.06. SEC Documents; Financial Statements 29 Section 4.07. Regulatory Reports 30 Section 4.08. Regulatory Approvals; No Defaults 31 Section 4.09. Legal Proceedings 46 31 Section 4.5 4.10. Absence of Certain Changes or Events 32 Section 4.11. Compliance with Laws 32 Section 4.12. Brokers 32 Section 4.13. Regulatory Capitalization 32 Section 4.14. Buyer Regulatory Agreements 33 Section 4.15. Community Reinvestment Act 33 Section 4.16. Financing 33 Section 4.17. Tax Matters 33 Section 4.18. Subsidiaries 33 Section 4.19. Employee Benefits 34 Section 4.20. No Other Representations and Warranties 34 ARTICLE 5. COVENANTS 34 Section 5.01. Covenants of Company 34 Section 5.02. Covenants of Buyer 38 Section 5.03. Commercially Reasonable Efforts 38 Section 5.04. Company Shareholder Approval 38 Section 5.05. Registration Statement; Proxy Statement-Prospectus; Nasdaq Listing 39 Section 5.06. Regulatory Filings; Consents 40 Section 5.07. Publicity 41 Section 5.08. Access; Current Information 41 Section 5.09. No Solicitation by Company; Superior Proposals 42 Section 5.10. Indemnification 44 Section 5.11. Employees; Benefit Plans 46 Section 4.6 Brokers 46 Section 4.7 Availability 5.12. Notification of Funds 46 Section 4.8 Qualified Buyer Certain Changes 47 Section 4.9 Governmental Approvals 5.13. No Control of Other Party’s Business 47 Section 4.10 WARN Act 5.14. Certain Litigation 47 Section 4.11 Independent Investigation 5.15. Director Matters 47 Section 4.12 Disclaimer Regarding Projections 5.16. Systems Integration; Operating Functions 47 ARTICLE V COVENANTS Section 5.17. Confidentiality 48 Section 5.1 Closing Conditions 5.18. Tax Matters 48 Section 5.2 Notices, Consents; Approvals 48 5.19. Closing Date Share Certification 49 Table of Contents (continued) Page Section 5.3 Assigned Contracts 5.20. Company Bank and Buyer Bank Approval 49 Section 5.21. Takeover Laws 49 Section 5.22. Claims Letters 49 Section 5.23. Restrictive Covenant Agreement 49 Section 5.24. Real Property Matters 49 Section 5.25. Advisory Board 50 ARTICLE 6. CONDITIONS TO CONSUMMATION OF THE MERGER 51 Section 5.4 Access 6.01. Conditions to Obligations of the Parties to Effect the Merger 51 Section 6.02. Conditions to Obligations of Company 51 Section 6.03. Conditions to Obligations of Buyer and Seller 54 52 ARTICLE 7. TERMINATION 53 Section 5.5 Conduct of Business Pending the Closing 7.01. Termination 53 Section 7.02. Break-Up Fee 55 Section 7.03. Termination Fees 56 Section 5.6 7.04. Effect of Termination 56 ARTICLE 8. DEFINITIONS 56 Section 8.01. Definitions 56 ARTICLE 9. MISCELLANEOUS 65 Section 9.01. Survival 65 Section 9.02. Waiver; Amendment 65 Section 9.03. Governing Law; Choice of Certain Services and ContractsForum; Transition Matters 58 Jurisdiction; Waiver of Right to Trial by Jury; Process Agent 65 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 9.04. Expenses 66 Section 5.10 Post-Closing Operations 9.05. Notices 66 Section 9.06. Entire Understanding; No Third Party Beneficiaries 66 Section 9.07. Severability 66 Section 9.08. Enforcement of the Agreement; Jurisdiction 67 Section 5.11 Post-Closing Environmental Matters 9.09. Interpretation 67 Section 5.12 Transfer Taxes; Expenses 9.10. Assignment 67 Section 5.13 Tax Matters 9.11. Counterparts 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period 9.12. Disclosure Schedules 67 LIST OF EXHIBITS Exhibits A Form of Company Shareholder Support Agreement B Form of Officer Agreement C Form of Plan of Bank Merger D Form of Claims Letter E Form of Restrictive Covenant Agreement AGREEMENT AND PLAN OF MERGER This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is dated as of August 8, 2019, by and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 among Eagle Bancorp Montana, Inc., a Delaware corporation (“Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by ”), Opportunity Bank of Montana, a Montana state bank and wholly-owned subsidiary of Buyer 74 Section 7.4 Certain Limitations (“Buyer Bank”), Western Holding Company of Wolf Point, a Montana corporation (“Company”), and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Western Bank of Indemnification Payments 78Wolf Point, a Montana state bank and wholly-owned subsidiary of Company (“Company Bank”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eagle Bancorp Montana, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 31 Section 4.1 Organization and Existence 45 Authority of Buyer 31 Section 4.2 Authority and Enforceability 45 No Conflicts; Consents 31 Section 4.3 Noncontravention 46 Legal Proceedings; Governmental Orders 32 Section 4.4 Legal Proceedings 46 Sufficiency of Funds; Solvency 32 Section 4.5 Compliance with Laws 46 Brokers 33 Section 4.6 Brokers 46 Investment Purpose 33 Section 4.7 Availability of Funds 46 Independent Investigation; No Other Representations and Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Warranties 33 ARTICLE V 5 COVENANTS 48 34 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending of the Closing 56 Acquired Companies 34 Section 5.2 Access to Information 36 Section 5.3 Efforts to Consummate 37 Section 5.4 Governmental Approvals 37 Section 5.5 Resignations 39 Section 5.6 Public Announcements 39 Section 5.7 Books and Records 39 Section 5.8 Confidentiality Agreement 40 Section 5.9 Director and Officer Indemnification 40 Section 5.10 Employment and Benefits Arrangements 41 Section 5.11 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Affiliate Arrangements 43 Section 5.12 Transfer Taxes; Expenses 67 Further Assurances 43 Section 5.13 Tax Matters 67 Returns 43 Section 5.14 Further Assurances 68 Mutual Assistance and Cooperation 44 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Exclusive Dealing 44 Section 5.19 Public Announcements 71 Transfer Taxes 46 Section 5.20 Mercury Removal Contract 71 Financing 46 Section 5.21 Lenders 47 Section 5.22 Bank Accounts 47 Section 5.23 Certain Intellectual Property Matters 47 ARTICLE VI 6 CONDITIONS TO CLOSING 71 48 Section 6.1 Buyer’s Conditions to Closing 71 Each Party's Obligations 48 Section 6.2 Seller’s Other Conditions to the Obligations of Buyer 48 Section 6.3 Other Conditions to the Obligations of Sellers 49 Section 6.4 Frustration of Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Conditions 50

Appears in 1 contract

Samples: Stock Purchase Agreement (Bel Fuse Inc /Nj)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 11 Section 4.1 3.01. Organization and Existence 45 Qualification of Buyer 11 Section 4.2 Authority 3.02. Authorization; Validity and Enforceability 45 Effect of Transaction Agreements 11 Section 4.3 Noncontravention 46 3.03. No Conflict; Required Filings and Consents Applicable to Buyer 12 Section 4.4 3.04. No Brokers 12 Section 3.05. Legal Proceedings 46 Relating to Buyer 12 Section 4.5 Compliance with Laws 46 3.06. Acquisition for Investment 12 Section 4.6 Brokers 46 3.07. No Other Representations; Waiver of Implied Warranties 13 ARTICLE IV COVENANTS OF THE PARTIES 13 Section 4.7 Availability of Funds 46 4.01. Expenses 13 Section 4.8 Qualified 4.02. Access to Information by Buyer 47 13 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 4.03. Conduct of the Business Pending the Closing 56 Date 13 Section 5.6 Termination 4.04. Disputes 14 Section 4.05. Commercially Reasonable Efforts 14 Section 4.06. Regulatory Approvals 14 Section 4.07. Schedules 15 ARTICLE V CONDITIONS PRECEDENT 15 Section 5.01. Conditions to Obligation of Certain Services and Contracts; Transition Matters 58 Each Party to Close 15 Section 5.7 Seller Marks 59 5.02. Conditions to Seller’s Obligation to Close 16 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 5.03. Conditions to Buyer’s Obligation to Close 16 ARTICLE VI CONDITIONS TO CLOSING 71 SURVIVAL; INDEMNIFICATION 17 Section 6.1 Buyer’s Conditions to Closing 71 6.01. Survival 17 Section 6.2 Seller’s Conditions to Closing 73 6.02. Indemnification of Buyer 17 Section 6.03. Indemnification of Seller 18 Section 6.04. Indemnification Procedures 18 Section 6.05. Limitations 19 Section 6.06. Exclusive Remedy 20 Section 6.07. Exclusion 20 20 ARTICLE VII INDEMNIFICATIONTAX MATTERS Section 7.01. Tax Returns For Periods After the Original PSA Closing Date Through the Closing Date 20 ii Section 7.02. Transfer Taxes 20 Section 7.03. Controversies for Periods Prior to the Closing Date 21 Section 7.04. Tax Indemnity for Taxes For Periods After the Original PSA Closing Date Through the Closing Date 21 Section 7.05. Tax Refunds for Periods After the Original PSA Closing Date Through the Closing Date 22 Section 7.06. Allocation of 2013 Taxable Income and Loss 22 Section 8.01. Termination 22 Section 8.02. Effect of Termination 23 ARTICLE VIII TERMINATION 22 ARTICLE IX MISCELLANEOUS 23 Section 9.01. Modification 23 Section 9.02. Notices 23 Section 9.03. Entire Agreement 24 Section 9.04. Successors and Assigns 24 Section 9.05. Press Releases 24 Section 9.06. Assignment 25 Section 9.07. Severability 25 Section 9.08. Captions; LIMITATIONS Article and Section References 25 Section 9.09. Choice of Law 25 Section 9.10. Counterparts 25 Section 9.11. Waiver 25 Section 9.12. Construction 25 Section 9.13. Incorporation of Exhibits, Schedules and Appendices 26 Section 9.14. No Third-Party Beneficiaries 26 Section 9.15. No Consequential or Punitive Damages 26 Section 9.16. Time of Essence 26 Section 9.17. Defined Terms 26 Appendix A: Definitions Exhibit A: Form of Closing Tax Certificate Exhibit B: Form of Assignment and Assumption Agreement Exhibit C: Bison LLC Budget Exhibit D: Bison Amended and Restated LLC Agreement Exhibit E: Seller Parent Guaranty Exhibit F: Promissory Note Schedules: Schedules to Agreement AGREEMENT FOR PURCHASE AND SALE OF LIABILITY MEMBERSHIP INTERESTS THIS AGREEMENT FOR PURCHASE AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification SALE OF MEMBERSHIP INTEREST (this “Agreement”), is executed as of this 15th day of May, 2013, by and among TC CONTINENTAL PIPELINE HOLDINGS INC., a Delaware corporation (“Seller”) and TC PIPELINES INTERMEDIATE LIMITED PARTNERSHIP, a Delaware limited partnership (“Buyer”). Seller 74 Section 7.3 Indemnification by and Buyer 74 Section 7.4 Certain Limitations are sometimes referred to herein individually as a “Party” and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78collectively as the “Parties.”

Appears in 1 contract

Samples: Agreement for Purchase and Sale

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 30 Section 4.1 Organization and Existence 45 30 Section 4.2 Authority and Enforceability 45 Authorization 30 Section 4.3 Noncontravention 46 30 Section 4.4 Legal Proceedings 46 30 Section 4.5 Compliance with Laws 46 Investment Intent 30 Section 4.6 Brokers 46 Broker’s Fees 30 Section 4.7 Availability of Funds 46 Reliance 30 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 No Other Representations or Warranties 31 ARTICLE V 5 COVENANTS 48 AND AGREEMENTS 31 Section 5.1 Closing Conditions 48 Intentionally Omitted. 31 Section 5.2 Notices, Consents; Approvals 48 Intentionally Omitted 31 Section 5.3 Assigned Contracts 51 Efforts; Notice; Further Assurances. 31 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Covenants 31 Section 5.5 Public Announcements 33 Section 5.6 Insider Agreements 33 Section 5.7 Pay-off Letters 33 Section 5.8 Records Retention 34 Section 5.9 Certain Tax Matters 34 Section 5.10 Release 37 Section 5.11 Post-Closing Environmental Matters 67 Intentially Omitted. 37 Section 5.12 Transfer Taxes; Expenses 67 Assignment of Confidentiality Agreements 37 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Additional Actions. 37 ARTICLE VI 6 CONDITIONS TO CLOSING 71 OBLIGATION TO CLOSE 38 Section 6.1 Buyer’s Conditions to Closing 71 Obligation of Buyer 38 Section 6.2 Seller’s Conditions to Closing 73 Obligation of Sellers 39 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 7 INTENTIONALLY OMITTED 40 ARTICLE 8 INDEMNIFICATION 40 Section 7.1 8.1 Survival 74 40 Section 7.2 8.2 Indemnification and Reimbursement by Seller 74 Sellers 40 Section 7.3 8.3 Indemnification and Reimbursement by Buyer 74 41 Section 7.4 8.4 Certain Limitations and Provisions 75 Qualifications 41 Section 7.5 8.5 Indemnification Procedures 77 Procedures. 42 Section 7.6 Tax Treatment of Indemnification Payments 788.6 Offset 43 Section 8.7 Adjusted Purchase Price 43 Section 8.8 Exclusive Remedy 43 ii

Appears in 1 contract

Samples: Equity Purchase Agreement (Quaint Oak Bancorp Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 18 Section 4.1 6.1 Organization and Existence 45 Good Standing 18 Section 4.2 Authority and Enforceability 45 6.2 Authorization of Agreement 19 Section 4.3 Noncontravention 46 6.3 Financial Advisors 19 Section 4.4 Legal Proceedings 46 6.4 Financial Capability 19 Section 4.5 Compliance with Laws 46 6.5 Condition of the Business 19 ARTICLE VII BANKRUPTCY COURT APPROVAL 20 Section 4.6 Brokers 46 7.1 Competing Transaction 20 Section 4.7 Availability 7.2 Bankruptcy Court Filing. 20 TABLE OF CONTENTS (Continued) Page ARTICLE VIII COVENANTS. 21 Section 8.1 Access to Information 21 Section 8.2 Further Assurances. 21 Section 8.3 Confidentiality 21 Section 8.4 Preservation of Funds 46 Records 22 Section 4.8 Qualified 8.5 Publicity 23 Section 8.6 Operation of Business 23 ARTICLE IX CONDITIONS TO CLOSING 24 Section 9.1 Conditions Precedent to Obligations of Buyer 47 24 Section 4.9 Governmental Approvals 47 9.2 Conditions Precedent to Obligations of Sellers 25 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing 9.3 Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Precedent to Obligations of Buyer and Seller 54 Sellers 26 Section 5.5 Conduct 9.4 Frustration of Business Pending the Closing 56 Conditions 26 ARTICLE X NO SURVIVAL 27 Section 5.6 Termination 10.1 No Survival of Certain Services Representations and ContractsWarranties 27 ARTICLE XI TAX MATTERS. 27 Section 11.1 Transfer Taxes 27 Section 11.2 Prorations 27 Section 11.3 Purchase Price Allocation 28 ARTICLE XII MISCELLANEOUS 28 Section 12.1 Expenses 28 Section 12.2 Submission to Jurisdiction; Transition Matters 58 Consent to Service of Process 28 Section 5.7 Seller Marks 59 12.3 Waiver of Right to Trial by Jury 29 Section 5.8 Employee Matters 60 12.4 Entire Agreement; Amendments and Waivers 29 Section 5.9 ISO-NE and NEPOOL Matters 66 12.5 Governing Law 29 Section 5.10 Post-Closing Operations 67 12.6 Notices 29 Section 5.11 Post-Closing Environmental Matters 67 12.7 Severability 31 Section 5.12 Transfer Taxes12.8 Binding Effect; Expenses 67 Assignment 31 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7812.9 Counterparts 32

Appears in 1 contract

Samples: Asset Purchase Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization AND BUYER SUB 42 4.01. Representations and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Warranties of Buyer and Seller 54 Section 5.5 Conduct Buyer Sub 42 ARTICLE FIVE -- FURTHER COVENANTS OF SELLER 65 5.01. Operation of Business Pending the Closing 56 65 5.02. Notification 71 5.03. No Solicitation 71 5.04. Delivery of Information 74 5.05. Takeover Laws 75 5.06. No Control 75 5.07. Exchange Listing 75 5.08. Section 5.6 Termination 16 75 5.09. Seller Classified Loans 75 5.10. 401(k) Plan Matters; Other Benefit Plan Matters 76 ARTICLE SIX -- FURTHER COVENANTS OF BUYER 77 6.01. Access to Information 77 6.02. Opportunity of Certain Services Employment; Employee Benefits; Retention Pool and ContractsRetention Restricted Stock Grants 77 6.03. Exchange Listing 80 6.04. Notification 80 6.05. Takeover Laws 81 6.06. Officers’ and Directors’ Indemnification and Insurance 81 6.07. Appointment of Seller Directors to Board of Directors; Advisory Board 83 6.08. Operation of Business 83 6.09. Buyer Forbearances 84 6.10. Seller Shares 84 6.11. Section 16 84 ARTICLE SEVEN -- FURTHER OBLIGATIONS OF THE PARTIES 85 7.01. Confidentiality 85 7.02. Necessary Further Action 85 7.03. Cooperative Action 85 7.04. Satisfaction of Conditions 86 7.05. Press Releases 86 7.06. Registration Statements; Proxy Statement; Shareholders’ Meetings 86 7.07. Regulatory Applications 89 7.08. Coordination of Dividends 89 7.09. Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Data Conversion 90 ARTICLE VI EIGHT -- CONDITIONS PRECEDENT TO CLOSING 71 Section 6.1 Buyer’s THE OBLIGATIONS OF THE PARTIES 90 8.01. Conditions to Closing 71 Section 6.2 Seller’s the Obligations of Buyer and Buyer Sub 91 8.02. Conditions to the Obligations of Seller and Seller Sub 92 8.03. Mutual Conditions 93 ARTICLE NINE -- CLOSING 94 9.01. Closing 73 94 9.02. Closing Transactions Required of Buyer 94 9.03. Closing Transactions Required of Seller 95 ARTICLE VII INDEMNIFICATIONTEN -- NON-SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS 96 10.01. Non-Survival of Representations, Warranties and Covenants 96 ARTICLE ELEVEN -- TERMINATION 96 11.01. Termination 96 11.02. Effect of Termination 100 ARTICLE TWELVE -- MISCELLANEOUS 101 12.01. Notices 101 12.02. Counterparts; LIMITATIONS Electronic Signatures 102 12.03. Entire Agreement; No Third-Party Rights 102 12.04. Successors and Assigns 103 12.05. Captions 103 12.06. Governing Law 103 12.07. Payment of Fees and Expenses 103 12.08. Amendment 103 12.09. Waiver 103 12.10. Disclosure Schedules 104 12.11. Waiver of Jury Trial 104 12.12. Severability 104 12.13. Specific Performance 104 Exhibit A - Form of Voting Agreement GLOSSARY OF LIABILITY AND WAIVERS 74 DEFINED TERMS The following terms, when used in this Agreement, have the meanings ascribed to them in the corresponding Sections of this Agreement listed below: “Acquisition Proposal” -- Section 7.1 Survival 74 5.03(a) “Acquisition Transaction” -- Section 7.2 Indemnification by Seller 74 5.03(a) “Age Discrimination in Employment Act” -- Section 7.3 Indemnification by 3.01(t)(ii) “Agreement” -- Preamble “Average Closing Price” -- Section 11.01(d)(v) “BHC Act” -- Section 3.01(a)(i) “Bank Merger” -- Preamble “Bank Secrecy Act” -- Section 3.01(gg) “Burdensome Condition” -- Section 3.01(w) “Buyer” -- Preamble “Buyer 74 Balance Sheet Date” -- Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 784.01(g)

Appears in 1 contract

Samples: Agreement and Plan of Merger (Old Line Bancshares Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 54 Section 4.1 Organization 9.1 Representations and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Warranties of Buyer and Seller 54 ARTICLE X. CONFIDENTIALITY 55 Section 5.5 Conduct of Business Pending the Closing 10.1 Confidential Information 55 Section 10.2 Restricted Access 56 Section 5.6 10.3 Permitted Disclosures 57 ARTICLE XI. LICENSE AND OWNERSHIP; SOFTWARE 59 Section 11.1 IP License to Use 59 Section 11.2 Grant of Third Party Software License 59 Section 11.3 Effect on Licenses 60 Section 11.4 No Software Warranty 60 Section 11.5 IP Related Covenants 61 Section 11.6 Representations and Warranties 61 ARTICLE XII. EVENTS OF DEFAULT AND TERMINATION 61 Section 12.1 Seller Default 61 Section 12.2 Buyer Default 62 Section 12.3 Buyer’s Remedies Upon Occurrence of a Seller Default 63 Section 12.4 Seller’s Remedies Upon Occurrence of a Buyer Default 64 Section 12.5 Preservation of Rights 64 Section 12.6 Force Majeure 64 Section 12.7 Termination of Certain Services and Contracts; Transition Matters 58 Facilities Subject to PPAs 64 Table of Contents TABLE OF CONTENTS (continued) Page ARTICLE XIII. INDEMNIFICATION 65 Section 5.7 13.1 IP Indemnity 65 Section 13.2 Indemnification of Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations by Buyer 67 Section 5.11 Post-Closing Environmental Matters 13.3 Indemnification of Buyer by Seller 67 Section 5.12 Transfer Taxes13.4 Indemnity Claims Procedure 68 Section 13.5 Limitation of Liability 68 Section 13.6 Liquidated Damages; Expenses 67 Estoppel 70 Section 5.13 Tax Matters 67 13.7 Survival 70 ARTICLE XIV. MISCELLANEOUS PROVISIONS 70 Section 5.14 14.1 Amendment and Modification 70 Section 14.2 Waiver of Compliance; Consents 70 Section 14.3 Notices 70 Section 14.4 Assignment; Subcontractors 71 Section 14.5 Dispute Resolution; Service of Process 73 Section 14.6 Governing Law, Jurisdiction, Venue 73 Section 14.7 Counterparts 73 Section 14.8 Interpretation 74 Section 14.9 Entire Agreement 74 Section 14.10 Construction of Agreement 74 Section 14.11 Severability 74 Section 14.12 Further Assurances 68 74 Section 5.15 Schedule Modifications During the Interim Period 14.13 Independent Contractors 74 Section 14.14 Limitation on Export 75 Section 14.15 Time of Essence 75 Section 14.16 No Rights in Third Parties 75 Section 14.17 Amendment and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Restatement of Original PUMA 75 Table of Contents TABLE OF CONTENTS (continued) Page ANNEXES Annex A Minimum Power Product Example Calculation Annex B Insurance Annex C Capacity Warranty Claim Example Calculation and Amounts Payable Annex D List of PPAs EXHIBITS Exhibit A Specifications for Bloom Systems and Battery Solution Exhibit B Form of Xxxx of Sale Exhibit C Seller Deliverables Exhibit D Form of Payment Notice Exhibit E Form of Purchase Order Exhibit F Form of Seller’s Conditions Deposit Milestone Certificate Exhibit G Form of Tranche Notice Exhibit H Form of Seller’s Certificate of Installation Exhibit I [Reserved] Exhibit J Seller Corporate Safety Plan Exhibit K Seller Subcontractor Quality Plan Exhibit L [Reserved] Exhibit M Parties’ Managers and Service Fees SCHEDULES Schedule 3.3 Design and Installations Procedures Schedule 3.4 Commissioning Procedures Schedule 4.2 Operations and Maintenance Procedures Schedule 4.6 Approved Major Service Providers Table of Contents FIRST AMENDED AND RESTATED PURCHASE, USE AND MAINTENANCE AGREEMENT This FIRST AMENDED AND RESTATED PURCHASE, USE AND MAINTENANCE AGREEMENT (this “Agreement”), dated as of October 24, 2016, and amended and restated as of June 26, 2017 (the “Agreement Date”), is entered into by and between BLOOM ENERGY CORPORATION, a Delaware corporation (“Seller”), and 2016 ESA PROJECT COMPANY, LLC, a Delaware limited liability company (“Buyer”). Seller and Buyer are referred to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78in this Agreement individually, as a “Party” and, collectively, as the “Parties”.

Appears in 1 contract

Samples: Purchase, Use and Maintenance Agreement (Bloom Energy Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 9 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer; Enforceability. 9 Section 4.2 Authority and Enforceability 45 4.02 Buyer’s Capital Structure. 9 Section 4.3 Noncontravention 46 4.03 No Conflicts; Consents. 9 Section 4.4 4.04 Legal Proceedings 46 Proceedings. 10 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 4.05 Brokers. 10 ARTICLE V COVENANTS 48 10 Section 5.1 Closing Conditions 48 5.01 Public Announcements. 10 Section 5.2 Notices, Consents; Approvals 48 5.02 Bulk Sales Laws. 10 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 5.03 Transfer Taxes. 10 Section 5.04 Non-Competition; Expenses 67 Non-Solicitation. 10 Section 5.13 Tax Matters 67 Section 5.14 5.05 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Assurances. 12 ARTICLE VI CONDITIONS TO CLOSING 71 INDEMNIFICATION 12 Section 6.1 6.01 Survival. 12 Section 6.02 Indemnification By Seller. 12 Section 6.03 Indemnification By Buyer’s Conditions to Closing 71 . 12 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 6.04 Indemnification Procedures. 13 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 6.05 Tax Treatment of Indemnification Payments 78Payments. 13 Section 6.06 Effect of Investigation. 13 Section 6.07 Cumulative Remedies. 13 ARTICLE VII MISCELLANEOUS 14 Section 7.01 Expenses. 13 Section 7.02 Notices. 13 Section 7.03 Headings. 14 Section 7.04 Severability. 14 Section 7.05 Entire Agreement. 15 Section 7.06 Successors and Assigns. 15 Section 7.07 No Third-party Beneficiaries. 15 Section 7.08 Amendment and Modification. 15 Section 7.09 Waiver. 15 Section 7.10 Governing Law. 15 Section 7.11 Submission to Jurisdiction. 15 Section 7.12 Waiver of Jury Trial. 16 Section 7.13 Specific Performance. 16 Section 7.14 Counterparts. 16 ASSET PURCHASE AGREEMENT This Asset Purchase Agreement (this "Agreement"), dated as of July 14, 2014, is entered into between Major League Football, LLC, a Delaware limited liability company ("Seller") and Universal Capital Management, Inc., a Delaware corporation ("Buyer").

Appears in 1 contract

Samples: Asset Purchase Agreement (Universal Capital Management, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 22 Section 6.1 Buyer’s Organization; Good Standing 22 Section 6.2 Authority; Execution and Delivery 23 Section 6.3 Consents; No Violations, Etc. 23 CONFIDENTIAL TREATMENT REQUESTED Section 6.4 Litigation 23 Section 6.5 No Brokers 23 Section 6.6 Exclusive Representations and Warranties 23 ARTICLE VII CERTAIN COVENANTS AND AGREEMENTS OF SELLERS 23 Section 7.1 Conduct of Business Until Closing 23 Section 7.2 Assumed IP Litigation Matter 24 Section 7.3 Transfer Taxes 24 Section 7.4 Cooperation on Tax Matters 24 ARTICLE VIII CERTAIN COVENANTS AND AGREEMENTS OF BUYER 24 Section 8.1 Insurance 24 Section 8.2 Sellers’ Names and Marks 25 ARTICLE IX MUTUAL COVENANTS AND AGREEMENTS 25 Section 9.1 Efforts to Closing 25 Section 9.2 Notice of Certain Events 25 Section 9.3 Confidentiality; Press Releases 25 Section 9.4 Maintenance of Books and Records; Sellers’ Access 27 ARTICLE X OTHER COVENANTS AND AGREEMENTS 28 Section 10.1 Transfer of Fanapt Registrations 28 Section 10.2 Assumption of Regulatory Commitments 28 Section 10.3 Response to Medical Inquiries and Fanapt Complaints 28 Section 10.4 Delivery of Assets 28 Section 10.5 Representations to Customers 29 ARTICLE XI CONDITIONS PRECEDENT 29 Section 11.1 Conditions to Closing 71 Each Party’s Obligations 29 Section 6.2 Seller’s 11.2 Conditions to Closing 73 Obligations of Buyer 29 Section 11.3 Conditions to the Obligations of Seller 30 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY XII TERMINATION, AMENDMENT AND WAIVERS 74 WAIVER 30 Section 7.1 12.1 Termination 30 Section 12.2 Effect of Termination 31 ARTICLE XIII INDEMNIFICATION 31 Section 13.1 Survival 74 31 Section 7.2 13.2 Indemnification by Seller 74 Sellers 32 Section 7.3 13.3 Indemnification by Buyer 74 33 Section 7.4 Certain 13.4 **** 34 Section 13.5 Other Indemnification Limitations 34 Section 13.6 Procedure 34 ARTICLE XIV GENERAL PROVISIONS 35 Section 14.1 Non-Recourse 35 Section 14.2 Expenses 35 Section 14.3 Notices 35 CONFIDENTIAL TREATMENT REQUESTED Section 14.4 Headings 37 Section 14.5 Severability 37 Section 14.6 Counterparts 38 Section 14.7 Entire Agreement; No Third Party Beneficiaries 38 Section 14.8 Amendments, Waivers and Provisions 75 Drafting 38 Section 7.5 Indemnification Procedures 77 14.9 Governing Law; Jurisdiction 38 Section 7.6 Tax Treatment of Indemnification Payments 7814.10 WAIVER OF JURY TRIAL 39 Section 14.11 Binding Effect; Assignment 39

Appears in 1 contract

Samples: Asset Transfer Agreement (Vanda Pharmaceuticals Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 22 Section 4.1 Organization Due Organization, Good Standing, Power and Existence 45 Enforceability 22 Section 4.2 Authority and Enforceability 45 No Conflicts 23 Section 4.3 Noncontravention 46 Governmental Approvals 23 Section 4.4 Legal Proceedings 46 Broker’s or Finder’s Fee 23 Section 4.5 Compliance with Laws 46 Litigation 23 Section 4.6 Brokers 46 Funds; Solvency 24 Section 4.7 Availability of Funds 46 Investment Intent 25 Section 4.8 Qualified Investigation by Buyer 47 25 Section 4.9 Governmental Approvals 47 No Knowledge of Misrepresentation or Omission 25 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Exclusivity of Representations 25 ARTICLE V COVENANTS 48 26 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 26 Section 5.2 Access to Information 27 Section 5.3 No Solicitation of Other Bids 27 Section 5.4 Notices and Consents 27 Section 5.5 Employment Arrangements 28 Section 5.6 Termination of Certain Services and Contracts; Transition Employee Matters 58 28 Section 5.7 Seller Marks 59 Conversion to Limited Liability Company 29 Section 5.8 Employee Matters 60 License Agreement 29 Section 5.9 ISO-NE Release of Guarantors and NEPOOL Matters 66 Collateral 29 Section 5.10 Post-Closing Operations 67 Public Announcements 29 Section 5.11 Post-Closing Environmental Matters 67 Transfer Taxes 29 Section 5.12 Transfer Taxes; Expenses 67 Preservation of Records 30 Section 5.13 Resignation of Officers and Directors 30 Section 5.14 Financing 30 Section 5.15 Tax Matters 67 32 Section 5.14 5.16 Supplemental Information. 33 Section 5.17 Insurance Claims 34 Section 5.18 Closing Conditions 34 Section 5.19 Accounts Receivable 34 Section 5.20 Tax Sharing Agreements 34 Section 5.21 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 34 ARTICLE VI CONDITIONS TO CLOSING 71 34 Section 6.1 Buyer’s Conditions to Closing 71 Obligations of Buyer and Seller 34 Section 6.2 Seller’s Conditions to Obligations of Buyer 35 Page Section 6.3 Conditions to Obligations of Seller 36 Section 6.4 Frustration of Closing 73 Conditions 37 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 TERMINATION 37 Section 7.1 Survival 74 Termination 37 Section 7.2 Effect of Termination 38 ARTICLE VIII SURVIVAL; INDEMNIFICATION 38 Section 8.1 Survival of Representations and Warranties 38 Section 8.2 Indemnification by of Buyer 38 Section 8.3 Indemnification of Seller 74 39 Section 7.3 8.4 Limitation on Indemnification, Mitigation 39 Section 8.5 Losses Net of Insurance, Etc. 39 Section 8.6 Indemnification by Buyer 74 Procedure 40 Section 7.4 Certain Limitations and Provisions 75 8.7 Third-Party Claims 41 Section 7.5 Indemnification Procedures 77 8.8 Sole Remedy/Waiver 42 Section 7.6 8.9 Tax Treatment of Indemnification Indemnity Payments 7842 ARTICLE IX MISCELLANEOUS 42 Section 9.1 Costs and Expenses 42 Section 9.2 Waiver 42 Section 9.3 Notices 42 Section 9.4 Entire Agreement 43 Section 9.5 Binding Effect; Benefit; Assignment; Third Party Beneficiaries 44 Section 9.6 Amendment and Modification 44 Section 9.7 Counterparts 44 Section 9.8 Applicable Law and Venue 44 Section 9.9 Severability 44 Section 9.10 Waiver of Jury Trial 44 Section 9.11 Disclosure Schedules 45 Section 9.12 Time of the Essence 45 Section 9.13 Construction 45 Section 9.14 Specific Performance 45 Exhibits Exhibit A Closing Date Working Capital Exhibit B License Agreement Exhibit C Services Agreement Exhibit D-1 Seller Employment Agreement (Dominicis) Exhibit D-2 Seller Employment Agreement (Xxxxxx) Exhibit D-3 Company Employment Agreement (Dominicis) Exhibit D-4 Company Employment Agreement (Xxxxxx) PURCHASE AGREEMENT This PURCHASE AGREEMENT (this “Agreement”) is dated as of December 6, 2012 by and between GEO Care Holdings LLC, a Florida limited liability company (“Buyer”), and The GEO Group, Inc., a Florida corporation (“Seller”).

Appears in 1 contract

Samples: Purchase Agreement (Geo Group Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section AND BUYER PARENT 35 SECTION 4.1 Organization of Buyers and Existence 45 Section Buyer Parent 35 SECTION 4.2 Authority of Buyers and Enforceability 45 Section Buyer Parent 35 SECTION 4.3 Noncontravention 46 Section No Conflicts; Consents 36 SECTION 4.4 Investment Purpose 36 SECTION 4.5 Brokers 36 SECTION 4.6 Sufficiency of Funds 37 SECTION 4.7 Solvency 37 SECTION 4.8 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 37 SECTION 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access 37 SECTION 4.10 Capitalization of Buyer Parent; Issuance of Share Purchase Price 37 SECTION 4.11 SEC Reports 38 SECTION 4.12 Undisclosed Liabilities 38 SECTION 4.13 Listing; Investment Company 38 SECTION 4.14 Absence of Changes 38 ARTICLE 5 COVENANTS AND AGREEMENTS 39 SECTION 5.1 Disclaimer of Representations and Seller 54 Section 5.5 Warranties 39 SECTION 5.2 Conduct of Business Pending the Prior to Closing 56 Section 39 SECTION 5.3 Access to Information 40 SECTION 5.4 Governmental Approvals and Consents 41 SECTION 5.5 Employees and Employee Benefits 42 SECTION 5.6 Termination of Certain Services Confidentiality 43 SECTION 5.7 Closing Conditions 44 SECTION 5.8 Supplement to Disclosure Schedules 44 SECTION 5.9 Public Announcements 44 SECTION 5.10 Continuing Company Exculpation and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section Indemnification 44 SECTION 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 45 SECTION 5.12 Further Assurances 68 Section 51 SECTION 5.13 Documents and Information 51 SECTION 5.14 Attorney Conflicts and Privilege Matters 52 SECTION 5.15 Schedule Modifications During the Interim Period Seller Representative 53 SECTION 5.16 Buyer Parent Guaranty 56 SECTION 5.17 Financing Cooperation 56 SECTION 5.18 Use of Name 58 SECTION 5.19 Release and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section Termination 58 SECTION 5.20 Mercury Removal Contract 71 Non-Competition; Non-Solicitation 59 SECTION 5.21 No Wrong Pocket 63 SECTION 5.22 No-Shop 63 SECTION 5.23 Standstill 63 SECTION 5.24 Buyer Representative 65 SECTION 5.25 Transition Services 65 ARTICLE VI 6 CONDITIONS TO CLOSING 71 Section 65 SECTION 6.1 Buyer’s Conditions to Closing 71 Section Obligations of All Parties 65 SECTION 6.2 Seller’s Conditions to Closing 73 Obligations of Buyers 66 SECTION 6.3 Conditions to Obligations of Sellers 66 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7 INDEMNIFICATION 67 SECTION 7.1 Survival 74 Section 67 SECTION 7.2 Indemnification by 68 SECTION 7.3 Limitations on Buyer Indemnified Parties 68 SECTION 7.4 Limitations on Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Indemnified Parties 69 SECTION 7.5 Additional Limitations and Provisions 75 Section 7.5 Agreements 70 SECTION 7.6 Indemnification Procedures – Direct Claims 71 SECTION 7.7 Indemnification Procedures – Third Party Claims 72 SECTION 7.8 Payment 74 SECTION 7.9 Exclusive Remedies 75 SECTION 7.10 Express Negligence 75 ARTICLE 8 TERMINATION 76 SECTION 8.1 Termination 76 SECTION 8.2 Effect of Termination 77 SECTION 8.3 Non-Solicitation 77 ARTICLE 9 MISCELLANEOUS 77 SECTION 9.1 Entire Agreement 77 SECTION 9.2 Definitions and Interpretation 78 SECTION 9.3 Notices 79 SECTION 9.4 Severability 80 SECTION 9.5 Successors and Assigns 80 SECTION 9.6 No Third Party Beneficiaries 80 SECTION 9.7 Amendment and Modification; Waiver 81 SECTION 9.8 Governing Law 81 SECTION 9.9 VENUE 81 SECTION 9.10 WAIVER OF JURY TRIAL 82 SECTION 9.11 Non-Recourse 82 SECTION 9.12 Time is of the Essence 83 SECTION 9.13 Counterparts 83 SECTION 9.14 Expenses 83 SECTION 9.15 Financing Sources 83 SCHEDULES Schedule 1.1 Apportionment of Purchase Price Among Sellers Schedule 1.2 Net Working Capital Methodology Schedule 2.2 Resignation Exceptions Schedule 5.20.1 US Restricted Area EXHIBITS Exhibit A Assignment of Interests Exhibit B Agreement of Employment Exhibit C IP Assignment Exhibit D Registration Rights Agreement Exhibit E EBIT Principles and Calculation Exhibit F Indemnification Escrow Agreement ATTACHMENTS Glossary Definitions SECURITIES PURCHASE AGREEMENT This SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made and entered into effective as of October 15, 2018 by and among (i) Xxxxxx Xxxx Xxxxxxx, an individual and resident of the State of Texas (“Xxxxxx Xxxxxxx”), Xxxxxxx Xxxx Xxxxxxx 2018 DG Trust, an irrevocable trust (“Xxxxxxx Trust”), Xxxxxxx Xxxxx Xxxxxxx 2018 DG Trust, an irrevocable trust (“Xxxxxxx Trust”), and Xxxxxxx Family Foundation, Inc., a Texas corporation (“Foundation”, and together with Xxxxxx Xxxxxxx, Xxxxxxx Trust and Xxxxxxx Trust, each, a “Seller” and, collectively, the “Sellers”), (ii) Xxxxxx Xxxxxxx, solely in his capacity as Seller Representative (“Seller Representative”), (iii) MOTI Holdco, LLC, a Delaware limited liability company (“US Buyer”), and Nine Energy Canada Inc., an Alberta (Canada) corporation (“Canada Buyer”, and together with US Buyer, collectively, “Buyers”), (iv) Nine Energy Service, Inc., a Delaware corporation (“Buyer Parent”), and (v) solely for the purposes of Section 7.6 Tax Treatment 5.6.2, Section 5.20 and Section 5.23, Xxxxxxx Xxxx Xxxxxxx, an individual and resident of Indemnification Payments 78Corpus Christi, Texas, and Xxxxxxx Xxxxx Xxxxxxx, an individual and resident of Corpus Christi, Texas (together with Xxxxxx Xxxxxxx, collectively, the “Fraziers”).

Appears in 1 contract

Samples: Securities Purchase Agreement (Nine Energy Service, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 AND BUYER BANK 28 Section 4.1 Organization 4.01. Making of Representations and Existence 45 Warranties 28 Section 4.2 4.02. Organization, Standing and Authority and Enforceability 45 28 Section 4.3 Noncontravention 46 4.03. Capital Stock 29 Section 4.4 4.04. Corporate Power 29 Section 4.05. Corporate Authority 30 Section 4.06. SEC Documents; Financial Statements 30 Section 4.07. Regulatory Reports 31 Section 4.08. Regulatory Approvals; No Defaults 31 Section 4.09. Legal Proceedings 46 32 Section 4.5 4.10. Absence of Certain Changes or Events 32 Section 4.11. Compliance with Laws 32 Section 4.12. Brokers 32 Section 4.13. Regulatory Capitalization 33 Section 4.14. Buyer Regulatory Agreements 33 Section 4.15. Community Reinvestment Act 33 Section 4.16. No Other Representations and Warranties 33 ARTICLE 5. COVENANTS 33 Section 5.01. Covenants of Company 33 Section 5.02. Covenants of Buyer 37 Section 5.03. Reasonable Best Efforts 37 Section 5.04. Company Shareholder Approval 37 Section 5.05. Registration Statement; Proxy Statement-Prospectus; Nasdaq Listing 38 Section 5.06. Regulatory Filings; Consents 39 Section 5.07. Publicity 40 Section 5.08. Access; Current Information 40 Section 5.09. No Solicitation by Company; Superior Proposals 41 Section 5.10. Indemnification 43 Section 5.11. Employees; Benefit Plans 45 Section 5.12. Notification of Certain Changes 46 Section 4.6 Brokers 5.13. No Control of Other Party’s Business 46 Section 4.7 Availability of Funds 5.14. Certain Litigation 46 Section 4.8 Qualified Buyer 5.15. Director Matters 46 Section 5.16. Systems Integration; Operating Functions 46 Section 5.17. Preparation of Certain Financial Statements 47 Section 4.9 Governmental Approvals 5.18. Confidentiality 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 5.19. Tax Matters 48 Section 5.1 5.20. Closing Conditions Date Share Certification 48 Section 5.2 Notices, Consents; Approvals 5.21. Company Bank and Buyer Bank Approval 48 Section 5.3 Assigned Contracts 51 5.22. Takeover Laws 48 Section 5.4 Access 5.23. Claims Letters 48 Section 5.24. Restrictive Covenant Agreement 48 Section 5.25. Real Property Matters 48 Section 5.26. Retention of Buyer and Seller 54 Trade Names 49 Section 5.5 Conduct 5.27. Escrow Agreement 49 Table of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Contents (continued) Page

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eagle Bancorp Montana, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 22 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 7.1 Buyer’s Conditions to Representations and Warranties 22 ARTICLE VIII OPERATING COVENANTS 23 Section 8.1 Buyer-Seller Lease 23 Section 8.2 Warranty Transfer 23 ARTICLE IX CLOSING 23 Section 9.1 Escrow Instructions 23 Section 9.2 Closing 71 24 Section 6.2 9.3 Seller’s Conditions Closing Documents and Other Items 24 Section 9.4 Buyer’s Closing Documents and Other Items 25 Section 9.5 Prorations and Closing Costs 25 Section 9.6 Brokers 26 Section 9.7 Expenses 26 Section 9.8 Tax Protests; Tax Refunds and Credits 26 ARTICLE X MISCELLANEOUS 27 Section 10.2 Successors and Assigns 28 Section 10.3 Governing Law and Consent to Closing 73 ARTICLE VII INDEMNIFICATIONJurisdiction 28 Section 10.4 Counterparts; LIMITATIONS Electronic Signatures 28 TABLE OF LIABILITY CONTENTS Page Section 10.5 Entire Agreement 28 Section 10.6 Severability 28 Section 10.7 Attorney Fees 29 Section 10.8 Payment of Fees and Expenses 29 Section 10.9 No Joint Venture 29 Section 10.10 JUDICIAL REFERENCE 30 Section 10.11 Time of Essence 31 Section 10.12 No Waiver 31 Section 10.13 Not an Offer 31 Section 10.14 No Third Party Beneficiaries 31 Section 10.15 Exculpation 31 EXHIBITS Exhibit A Description of Land Exhibit B List of Due Diligence Items Exhibit C Disclosure Items Exhibit D Permitted Exceptions Exhibit E List of Warranties Exhibit F Form of Deed Exhibit G Intentionally Omitted Exhibit H Assignment and Assumption Agreement Exhibit I Intentionally Omitted Exhibit J Intentionally Omitted Exhibit K Form of Owner’s Affidavit Exhibit L FIRPTA Exhibit M Form of APP Escrow Agreement Exhibit N Form of Buyer-Seller Lease PURCHASE AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification SALE AGREEMENT This PURCHASE AND SALE AGREEMENT (as the same may be amended, modified, or supplemented from time to time in accordance with the terms hereof, this “Agreement”), dated effective for all purposes as of October 20, 2022, is by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78between IONIS GAZELLE, LLC, a Delaware limited liability company (“Seller”), and 2850 2855 & 2859 GAZELLE OWNER (DE) LLC, a Delaware limited liability company (together with its successors and/or assigns, collectively, “Buyer”).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ionis Pharmaceuticals Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 17 Section 4.1 Organization and Existence 45 Authority 17 Section 4.2 Authority and Enforceability 45 Intentionally Omitted 17 Section 4.3 Noncontravention 46 No Brokers 17 Section 4.4 Legal Proceedings 46 Knowledge of Seller Breach 17 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 No Other Representations or Warranties 18 ARTICLE V COVENANTS 48 18 Section 5.1 Closing Conditions 48 Access to Business 18 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 19 Section 5.3 Consents and Licenses 19 Section 5.4 Cooperation Regarding Publicity 19 Section 5.5 Title to Real Estate 20 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Inspections 20 Section 5.7 Delivery of Seller Marks 59 Schedules 20 Section 5.8 Employee Matters 60 Satisfaction of Pre-Closing Covenants 20 Section 5.9 ISO-NE and NEPOOL Matters 66 Post Closing Access 21 Section 5.10 Post-Closing Operations 67 Tax Matters 22 Section 5.11 Post-Closing Environmental Matters 67 Employees 22 Section 5.12 Transfer TaxesNo Solicitation; Expenses 67 Notification 22 Section 5.13 Tax Matters 67 Confidentiality 23 Section 5.14 Cooperation Regarding Financial Information 24 Section 5.15 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 24 Section 5.16 Casualty 70 Notice of Breaches 25 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Casket Supply Agreement 25 ARTICLE VI CONDITIONS PRECEDENT TO CLOSING 71 26 Section 6.1 Buyer’s Conditions to Seller Closing 71 26 Section 6.2 Seller’s Conditions to Buyer Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7826

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Stonemor Partners Lp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 35 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer 35 Section 4.2 Authority and Enforceability 45 4.02 Authorization of Plan, Shares. 35 Section 4.3 Noncontravention 46 4.03 No Conflicts; Consents 36 Section 4.4 4.04 Investment Purpose 36 Section 4.05 Exchange Act filings 36 Section 4.06 Brokers 36 Section 4.07 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 36 ARTICLE V COVENANTS 48 37 Section 5.1 Closing Conditions 48 5.01 Confidentiality 37 Section 5.2 Notices, Consents5.02 Non-Competition; Approvals 48 Non-Solicitation 37 Section 5.3 Assigned Contracts 51 5.03 Books and Records 38 Section 5.4 Access of Buyer and Seller 54 5.04 Further Investments 39 Section 5.5 Conduct of Business Pending the Closing 56 5.05 Public Announcements 39 Section 5.6 5.06 Further Assurances 39 Section 5.07 Employee Matters. 39 ARTICLE VI TAX MATTERS 40 Section 6.01 Tax Covenants 40 Section 6.02 Termination of Certain Services Existing Tax Sharing Agreements 41 Section 6.03 Tax Indemnification 41 Section 6.04 Straddle Period 42 Section 6.05 Contests 43 Section 6.06 Cooperation and Contracts; Transition Matters 58 Exchange of Information 43 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 6.07 Tax Treatment of Indemnification Payments 7843 Section 6.08 Payments to Buyer 43 Section 6.09 Survival 43 Section 6.10 Overlap 43 ARTICLE VII CONDITIONS TO CLOSING 44 Section 7.01 Conditions to Buyer’s Obligations 44 Section 7.02 Conditions to Obligations of Seller 44 ARTICLE VIII INDEMNIFICATION 45 Section 8.01 Survival 45 Section 8.02 Indemnification by Seller 45 Section 8.03 Indemnification by Buyer 45 Section 8.04 Certain Limitations 46 Section 8.05 Indemnification Procedures 46 Section 8.06 Payments; Holdback Shares. 48 Section 8.07 Tax Treatment of Indemnification Payments 49 Section 8.08 Effect of Investigation 49 Section 8.09 Exclusive Remedies 49 ARTICLE IX MISCELLANEOUS 49 Section 9.01 Expenses 49 Section 9.02 Notices 49 Section 9.03 Interpretation 50 Section 9.04 Headings 51 Section 9.05 Counterparts; Facsimile Signatures 51 Section 9.06 Entire Agreement 51 Section 9.07 Successors and Assigns 51 Section 9.08 No Third-party Beneficiaries 51 Section 9.09 Amendment and Modification; Waiver 51 Section 9.10 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial 52 Section 9.11 Specific Performance 53 MEMBERSHIP INTEREST PURCHASE AGREEMENT Membership Interest Purchase Agreement (“Agreement”), dated as of November 12, 2020, between Xx Xxxxxx, LLC, a United Arab Emirates limited liability company (“Seller”) and Edisonfuture Inc., a Delaware corporation (“Buyer”).

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (SPI Energy Co., Ltd.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 36 Section 4.1 Due Organization and Existence 45 Good Standing of Buyer 36 Section 4.2 Authority and Enforceability 45 Authorization of Transaction by Buyer 36 Section 4.3 Noncontravention 46 Governmental Filings 37 Section 4.4 No Conflict or Violation 37 Section 4.5 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 37 Section 4.6 Brokers 46 Acquisition of Equity for Investment 37 Section 4.7 Availability of Funds 46 Funding 37 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Brokers’ Fees 38 ARTICLE V COVENANTS 38 Section 5.1 Conduct of the Business 38 Section 5.2 Employment Matters 40 Section 5.3 Labor Matters 42 Section 5.4 Publicity 42 Section 5.5 Confidentiality 43 Section 5.6 Access to Information 44 Section 5.7 Post-Closing Access 44 Section 5.8 Appropriate Actions 46 Section 5.9 Compliance with WARN Act and Similar Statutes 48 Section 5.1 Closing Conditions 5.10 Delivery of Financial Statements 48 TABLE OF CONTENTS (continued) Page Section 5.11 Notice; Supplemental Disclosures 48 Section 5.2 Notices, Consents5.12 Seller Guaranties 49 Section 5.13 Certain Intercompany Agreements 50 Section 5.14 Insurance 50 Section 5.15 Internal Restructurings; Approvals 48 Section 5.3 Assigned Shared Contracts 51 Section 5.4 Access of Buyer and Seller 5.16 Special Financial Statements 52 Section 5.17 Connecticut Property Transfer Law 53 Section 5.18 Non-Disturbance Agreement 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition 5.19 Real Estate Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 54 Section 5.20 Mercury Removal Third Party Contract 71 55 Section 5.21 Interim Financial Statements 55 Section 5.22 Equity Certificate 55 Section 5.23 Hedging Contracts 55 ARTICLE VI CONDITIONS TO CLOSING 55 Section 6.1 Conditions of Both Parties 55 Section 6.2 Conditions to Obligations of Buyer 56 Section 6.3 Conditions to Obligations of Seller 56 Section 6.4 Frustration of Condition 57 ARTICLE VII TERMINATION 57 Section 7.1 Termination of Agreement 57 Section 7.2 Effect of Termination 58 ARTICLE VIII TAX MATTERS 58 Section 8.1 Tax Indemnification 58 Section 8.2 Preparation and Filing of Tax Returns 60 Section 8.3 Tax Refunds 61 Section 8.4 Tax Contests 62 Section 8.5 Section 754 Election 63 Section 8.6 Section 338(h)(10) Elections 63 Section 8.7 Tax Dispute Resolution 64 Section 8.8 Transfer Taxes 65 TABLE OF CONTENTS (continued) Page Section 8.9 Purchase Price Adjustment 65 Section 8.10 Exclusivity 65 ARTICLE IX INDEMNIFICATION 65 Section 9.1 Survival 65 Section 9.2 Obligations of Seller 66 Section 9.3 Obligations of Buyer 66 Section 9.4 Indemnification Procedures 67 Section 9.5 Sole Remedy 69 Section 9.6 Mitigation 69 Section 9.7 Damages Limitation and Calculation 69 ARTICLE X MISCELLANEOUS 70 Section 10.1 Fees and Expenses 70 Section 10.2 Notices 70 Section 10.3 Entire Agreement 71 Section 6.1 Buyer’s Conditions to Closing 10.4 Severability 71 Section 6.2 Seller’s Conditions to Closing 10.5 Assignment; Binding Effect 71 Section 10.6 Headings 72 Section 10.7 Disclosure 72 Section 10.8 Waiver and Amendment 72 Section 10.9 Third-Party Beneficiaries 72 Section 10.10 Specific Performance and Other Equitable Relief 72 Section 10.11 Negotiation of Agreement 73 ARTICLE VII INDEMNIFICATIONSection 10.12 Choice of Law 73 Section 10.13 Jurisdiction and Service of Process; LIMITATIONS OF LIABILITY AND WAIVERS Dispute Resolution 73 Section 10.14 Waiver of Jury Trial 74 Section 7.1 Survival 10.15 Counterparts; Facsimile Signatures 74 Section 7.2 Indemnification by 10.16 Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions Parent Guaranty 75 Section 7.5 Indemnification Procedures 10.17 Buyer Parent Guaranty 76 Section 10.18 Release 77 Section 7.6 Tax Treatment 10.19 Sealed Instrument 78 TABLE OF CONTENTS (continued) Page Exhibits Exhibit A Transition Services Agreement Exhibit B Noncompetition Agreement Exhibit C Sublease Schedules Schedule 5.18 – Non-Disturbance Agreement Schedule 5.19(b) – ALTA Policies Schedule 5.19(c) – Estoppel Certificates Schedule 5.20 – Proposed Amendments to Third Party Contract Schedule 6.2(f) – Third Party Contracts Schedule 6.2(g) – Affiliate Contracts Schedule 9.2(a)(x) – Indemnity Matters MEMBERSHIP INTEREST PURCHASE AGREEMENT This Membership Interest Purchase Agreement, dated as of Indemnification Payments 78December 2, 2012 (this “Agreement”), is made and entered into by and among XXXXXX CHEESE USA INC., a Delaware corporation (“Buyer”), SUIZA DAIRY GROUP, LLC, a Delaware limited liability company (“Seller”), XXXX FOODS COMPANY, a Delaware corporation (“Seller Parent”), and, solely with respect to ARTICLE X, XXXXXX INC., a Canadian corporation (“Buyer Parent”).

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Dean Foods Co)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 4.01 Corporate Organization and Existence 45 Section 4.2 Authority Qualification 29 4.02 Authority; Capitalization 29 4.03 Non-Contravention and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Consents 30 4.04 Litigation 30 4.05 Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Common Stock 30 4.06 Brokers’ and Finders’ Fees 30 4.07 Reports 31 ARTICLE V COVENANTS [intentionally omitted] ARTICLE VI ADDITIONAL AGREEMENTS 6.01 Non-Compete Agreement 31 6.02 Securities Matters 32 6.03 Registration Rights 34 6.04 Hiring of Continuing Employees 38 6.05 Employee Benefit Plans 39 6.06 Publicity 40 6.07 Taxes 40 6.08 Accounts Receivable 41 6.09 Tax Reporting Documentation 41 6.10 Stock Restriction Agreements and Stock Restriction and Non-Compete Agreements 41 6.11 Non-Competition Agreement 42 ARTICLE VII [intentionally omitted] ARTICLE VIII EXPENSES AND AMENDMENT 8.01 Expenses 42 8.02 Amendment 42 8.03 Extension; Waiver 42 ARTICLE IX INDEMNIFICATION 9.01 Agreement to Indemnify 42 9.02 Survival of Indemnity 43 9.03 Additional Provisions 44 9.04 Claim Notice; Definitions; Third Party Claim Procedures 45 ARTICLE X GENERAL PROVISIONS 10.01 Notices 47 10.02 Interpretation 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices10.03 Counterparts and Facsimile Signatures 49 10.04 Entire Agreement 49 10.05 Governing Law 49 10.06 Enforcement of Agreement 49 10.07 Severability 49 10.08 Assignment 49 10.09 Amendment 49 iii EXHIBIT LIST EXHIBIT A Form of Xxxx of Sale EXHIBIT B Form of Escrow Agreement EXHIBIT C Form of Non-Competition Agreement EXHIBIT D Form of Stock Restriction Agreement (Continuing Employees) EXHIBIT E Form of Stock Restriction Agreement (Non-Continuing Employees) EXHIBIT F Form of Stock Restriction and Non-Compete Agreement (Continuing Employees) EXHIBIT G Form of Stock Restriction and Non-Compete Agreement (Non-Continuing Employees) EXHIBIT H Form of Contractor Services Agreement EXHIBIT I Form of Confidentiality and Intellectual Property Assignment Agreement EXHIBIT J Form of Opinion of Counsel to Seller EXHIBIT K Form of Opinion of Counsel to Buyer ASSET PURCHASE AGREEMENT ASSET PURCHASE AGREEMENT (the “Agreement”) dated as of June 25, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access 2007, by and among Perficient, Inc., a Delaware corporation (“Buyer”), Tier1 Innovation, LLC, a Colorado limited liability company (“Seller”), and Xxxx Xxxxxxxx and Xxx Xxxxxxx (the “Principals”). Seller is engaged in the business of providing management and technology consulting services to its customers (the “Business”). Buyer desires to purchase from Seller, and Seller 54 Section 5.5 Conduct desires to sell to Buyer, substantially all of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions assets and properties used or held for use in connection with the Business, and in connection therewith, Buyer has agreed to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by assume certain of the liabilities of Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations relating to the Business, all on the terms and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78conditions set forth herein (the “Acquisition”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Perficient Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 54 5.1 Authorization; Enforceability 54 5.2 Governmental Authorization 55 5.3 Non-Contravention 55 5.4 Buyer SEC Documents 55 5.5 Financing 55 5.6 Buyer Shares; Authorization and Existence 45 Section 4.2 Authority Delivery 55 5.7 Brokers’, Finders’ Fees, etc 55 ARTICLE VI COVENANTS 56 6.1 Access and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability Investigation 56 6.2 Operation of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consentsthe Business of the Company 56 6.3 Notification 59 6.4 No Negotiation 59 6.5 Further Action 59 6.6 Confidentiality 61 6.7 Tax Matters 61 6.8 Reasonable Efforts 64 6.9 Further Assurances 64 6.10 Release 64 6.11 Intentionally Omitted 65 6.12 Payoff Letters; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Release of Liens 65 6.13 Public Announcements 65 6.14 Consents 65 6.15 Expenses 65 6.16 No Transfer of Buyer Shares 65 6.17 No Transfers of TopCo or MidCo Equity Securities 66 6.18 Buyer RSUs 66 6.19 Insurance 66 6.20 Lines of Credit 66 ARTICLE VII CONDITIONS PRECEDENT TO BUYER’S OBLIGATIONS 66 ii 7.1 Representations and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Warranties 66 7.2 Covenants 67 7.3 Governmental Consent 67 7.4 No Material Adverse Effect 67 7.5 Effective Agreements 67 7.6 No Restraints 67 7.7 No Other Actions 67 7.8 Third Party Consents 67 7.9 Termination of Certain Services Agreements 67 7.10 Modification of Agreements 68 7.11 Officer’s Certificate 68 7.12 Certificate of Good Standing 68 7.13 Transaction Documents 68 7.14 Employment Matters; Restrictive Covenant Agreements 68 7.15 Form W-9 68 7.16 Invention Assignment Agreements 68 7.17 Company Cash Distribution 69 ARTICLE VIII CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE COMPANY, TOPCO AND MEMBERS 69 8.1 Representations and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates Warranties 69 Section 5.16 Casualty 8.2 Covenants 69 8.3 Governmental Consent 69 8.4 Officer’s Certificate 69 8.5 No Restraints 69 8.6 Transaction Documents 70 Section 5.17 Condemnation ARTICLE IX TERMINATION 70 Section 5.18 Confidentiality 9.1 Termination Events 70 9.2 Termination Procedures 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 9.3 Effect of Termination 71 ARTICLE VI CONDITIONS TO CLOSING X INDEMNIFICATION 71 Section 6.1 Buyer’s Conditions to Closing 10.1 Survival of Representations, Covenants and Agreements 71 Section 6.2 Seller’s Conditions to Closing 10.2 Indemnification 72 10.3 Limitations 73 10.4 No Contribution 75 10.5 Claims Procedures 76 10.6 Third Party Claims 77 10.7 Release from Escrow 77 ARTICLE VII INDEMNIFICATIONXI MISCELLANEOUS PROVISIONS 78 11.1 Amendment and Modification 78 11.2 Waiver of Compliance 78 11.3 Notices 79 11.4 Binding Nature; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations Assignment 79 11.5 Entire Agreement 80 11.6 Expenses 80 11.7 Press Releases and Announcements 80 11.8 Governing Law 80 11.9 Jurisdiction; Service of Process 80 11.10 Waiver of Jury Trial 80 11.11 Interpretation 81 11.12 Specific Performance 81 11.13 Severability 81 iii 11.14 Counterparts 81 11.15 Members’ Representative 81 11.16 Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Regarding Legal Representation; Attorney Client Privilege 82 Schedules and Exhibits Schedule 1 Membership Units Schedule 2 Allocation of Indemnification Payments 78Redemption Proceeds Schedule 3 Key Employees Schedule 4 Members Entering Into Lock-Up Agreements Schedule 5 Member Entering Into Vesting Agreement Schedule 6 Party Entering Into a Guarantee

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (CarGurus, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Due Organization and Existence 45 Good Standing 47 Section 4.2 Authority and Enforceability 45 Authorization of Transaction 47 Section 4.3 Noncontravention 46 Governmental Filings 47 Section 4.4 Compliance With Law 48 Section 4.5 No Conflict or Violation 48 Section 4.6 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 48 Section 4.7 Availability of Funds 46 Qualification to Perform 48 Section 4.8 Qualified Investigation by Buyer 47 49 Section 4.9 Governmental Approvals 47 Funding 49 Section 4.10 WARN Act 47 Brokers’ Fees 49 Section 4.11 Independent Investigation 47 No Buyer Stockholder Vote Required 49 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE No Reliance 49 Article V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 50 Section 5.2 Employment Matters 54 Section 5.3 Publicity 58 Section 5.4 Confidentiality 59 Section 5.5 Access to Information 61 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Access 62 Section 5.7 Appropriate Actions 63 Section 5.8 Section 5.8 Non-Competition and Non-Solicitation 65 Section 5.9 Consents 68 Section 5.10 Further Assurances 72 Section 5.11 Post-Closing Environmental Matters 67 Wrong Pockets 73 Section 5.12 Transfer Taxes; Expenses 67 TSA Coordination 74 Section 5.13 Tax Matters 67 Compliance with WARN Act 75 Section 5.14 Further Assurances 68 Notice; Supplemental Disclosure 75 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Intellectual Property Matters 76 Section 5.16 Casualty 70 [Reserved] 78 Section 5.17 Condemnation 70 Investment Management Matters 78 Section 5.18 Confidentiality 71 Insurance 79 Section 5.19 Public Announcements 71 Participation Agreements 79 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Confidentiality Agreements 79 Section 6.1 Buyer’s Conditions to Closing 71 5.21 Settlement of Intercompany Accounts 80 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification 5.22 Performance by Seller 74 80 Section 7.3 Indemnification 5.23 Performance by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7880 Article VI

Appears in 1 contract

Samples: Purchase Agreement (Principal Financial Group Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 64 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer 64 Section 4.2 Authority and Enforceability 45 4.02 No Conflicts; Consents. 64 Section 4.3 Noncontravention 46 4.03 Investment Purpose 64 Section 4.4 4.04 Brokers 65 Section 4.05 Sufficiency of Funds. 65 Section 4.06 Legal Proceedings 46 65 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 4.07 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Investigation. 65 ARTICLE V COVENANTS 48 65 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.01 Conduct of Business Pending Prior to the Closing 56 Closing. 65 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 5.02 Access to Information. 66 Section 5.10 Post-Closing Operations 5.03 Resignations 67 Section 5.11 Post-Closing Environmental Matters 5.04 Employees; Benefit Plans. 67 Section 5.05 Director and Officer Indemnification and Insurance 68 Section 5.06 Confidentiality. 69 Section 5.07 Governmental Approvals and Other Third-party Consents. 69 Section 5.08 Non-Competition; Non-Solicitation. 71 Section 5.09 Books and Records. 72 Section 5.10 Closing Conditions. 73 Section 5.11 Public Announcements. 73 Section 5.12 India Reorganization. 73 Section 5.13 R&W Insurance Policy 74 Section 5.14 Wrong Pockets 74 Section 5.15 Further Assurances 74 Section 5.16 Exclusivity 76 Section 5.17 Release by Parent and PFS 76 ARTICLE VI TAX MATTERS 77 Section 6.01 Tax Covenants. 77 Section 6.02 Tax Indemnification 78 Section 6.03 Straddle Period. 78 Section 6.04 Transfer Taxes; Expenses 67 . 79 Section 5.13 6.05 Section 338(h)(10) Election. 79 Section 6.06 Tax Matters 67 Sharing Agreements. 80 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 6.07 Cooperation 80 ARTICLE VI VII CONDITIONS TO CLOSING 71 80 Section 6.1 Buyer’s 7.01 Conditions to Closing 71 Obligations of All Parties. 80 Section 6.2 Seller’s 7.02 Conditions to Closing 73 Obligations of Buyer 81 Section 7.03 Conditions to Obligations of Seller 84 ARTICLE VII INDEMNIFICATIONVIII SURVIVAL AND REMEDIES; LIMITATIONS OF LIABILITY AND WAIVERS 74 INDEMNIFICATION 85 Section 7.1 8.01 Survival 74 85 Section 7.2 Indemnification 8.02 Exclusive Remedy 85 ARTICLE IX TERMINATION 85 Section 9.01 Termination. 85 Section 9.02 Effect of Termination. 86 ARTICLE X MISCELLANEOUS 87 Section 10.01 Expenses. 87 Section 10.02 Notices. 87 Section 10.03 Interpretation. 88 Section 10.04 Disclosure Schedules. 88 Section 10.05 Headings. 89 Section 10.06 Severability. 89 Section 10.07 Entire Agreement 89 Section 10.08 Successors and Assigns. 89 Section 10.09 No Third-Party Beneficiaries 89 Section 10.10 Amendment and Modification; Waiver 89 Section 10.11 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial 90 Section 10.12 Specific Performance 91 Section 10.13 Counterparts 91 Section 10.14 Conflict Waiver; Attorney-Client Privilege 91 Section 10.15 Non-recourse 92 Exhibits Exhibit A: Working Capital Calculation A-1 Exhibit B: Post-Reorganization Structure of the Parent Group B-1 Exhibit C: R&W Insurance Policy Binder Agreement C-1 Schedules Disclosure Schedules STOCK PURCHASE AGREEMENT This Stock Purchase Agreement (this “Agreement”), dated as of July 2, 2021, is made and entered into by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment among PFSweb, Inc., a Delaware corporation (“Parent”), Priority Fulfillment Services, Inc., a wholly-owned subsidiary of Indemnification Payments 78Parent and a Delaware corporation (“PFS”), and RevTech Solutions India Private Limited, an India limited liability company (“RevTech Solutions”, and together with Parent and PFS, “Sellers”), Xxxxxx Inc., a Maryland corporation (“US Buyer”) and Dentsu Aegis Network India Private Limited, an India limited liability company (“India Buyer”, and together with US Buyer, “Buyers”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Pfsweb Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 PARENT AND MERGER SUB 56 Section 4.1 4.01 Organization 56 Section 4.02 Authorization; Binding Effect 56 Section 4.03 Noncontravention 56 Section 4.04 Broker’s Fees 57 Section 4.05 Financing 57 Section 4.06 Litigation 58 Section 4.07 Solvency 58 Section 4.08 Ownership of Merger Sub; No Prior Activities 58 ARTICLE 5 PRE-CLOSING COVENANTS 59 Section 5.01 Operation of Business 59 Section 5.02 Access 61 Section 5.03 Contact with Business Relations 62 Section 5.04 Regulatory Filings 62 Section 5.05 Stockholder Materials 64 Section 5.06 Union 65 Section 5.07 Termination of Stockholders’ Agreement and Existence 45 Option Plan 65 Section 4.2 Authority 5.08 Monthly Financial Statements 65 Section 5.09 Financing 65 Section 5.10 Resignations 71 ARTICLE 6 ADDITIONAL AGREEMENTS 71 Section 6.01 Further Assurances 71 Section 6.02 Press Releases 71 Section 6.03 Buyer Transaction Expenses 71 Section 6.04 Confidentiality 71 Section 6.05 Reasonable Best Efforts to Complete 72 Section 6.06 Provision Respecting Representation of the Company 72 Section 6.07 Directors’ and Enforceability 45 Officers’ Indemnification 73 Section 4.3 Noncontravention 46 6.08 Post-Closing Record Retention; Access and Cooperation 73 Section 4.4 Legal Proceedings 46 6.09 Other Tax Provisions 74 Section 4.5 Compliance with Laws 46 6.10 Transfer Taxes 76 Section 4.6 Brokers 46 6.11 Additional Agreements of Buyer 76 Section 4.7 Availability of Funds 46 6.12 Consents and Approvals 77 Section 4.8 Qualified Buyer 47 6.13 RWI Policy 77 Section 4.9 Governmental Approvals 47 6.14 Aged Accounts Receivable 78 Section 4.10 WARN Act 47 6.15 Section 4.11 Independent Investigation 47 280G 78 ARTICLE 7 CONDITIONS 79 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing 7.01 Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access to Obligation of Buyer and Seller 54 Merger Sub 79 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s 7.02 Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Obligation of Indemnification Payments 78the Company 80

Appears in 1 contract

Samples: Agreement and Plan of Merger (Southwest Gas Holdings, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 34 Section 4.1 5.01 Organization of Buyer 34 Section 5.02 Authorization of Transaction; Binding Effect 35 Section 5.03 Noncontravention 35 Section 5.04 Broker’s Fees 35 Section 5.05 Financing 35 Section 5.06 Litigation 36 Section 5.07 Taxes 36 Section 5.08 Investment Intent; Restricted Securities 36 Section 5.09 Reliance 37 Section 5.10 No Other Representations 37 ARTICLE VI PRE-CLOSING COVENANTS 37 Section 6.01 Operation of Business 37 Section 6.02 Notices and Existence 45 Consents 37 Section 4.2 Authority 6.03 Access 38 Section 6.04 Supplemental Schedules 38 Section 6.05 Contact with Customers and Enforceability 45 Suppliers 39 Section 4.3 Noncontravention 46 6.06 Financial Information Cooperation 39 Section 4.4 Legal Proceedings 46 6.07 Restructuring 40 Section 4.5 Compliance with Laws 46 6.08 Commitment Letter 40 ARTICLE VII ADDITIONAL AGREEMENTS 40 Section 4.6 Brokers 46 7.01 General 40 Section 4.7 Availability 7.02 Press Releases 40 Section 7.03 Transaction Expenses 41 Section 7.04 Confidentiality 41 Section 7.05 Provision Respecting Representation of Funds 46 the Sellers 42 Section 4.8 Qualified Buyer 47 7.06 Directors’ and Officers’ Indemnification 42 Section 4.9 Governmental Approvals 47 7.07 Post-Closing Record Retention and Access 43 Section 4.10 WARN Act 47 7.08 Further Tax Matters 43 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 7.09 Financing 48 Section 5.1 Closing Conditions 7.10 Exclusivity 48 Section 5.2 Notices, Consents; Approvals 48 7.11 Employee Matters 49 ARTICLE VIII CONDITIONS 49 Section 5.3 Assigned Contracts 51 Section 5.4 Access 8.01 Conditions to Obligations of Buyer and Seller the Sellers 49 Section 8.02 Conditions to Obligations of Buyer 49 Section 8.03 Conditions to Obligations of the Target Companies and the Sellers 51 ARTICLE IX TERMINATION; EFFECT OF TERMINATION 51 Section 9.01 Termination 51 Section 9.02 Effect of Termination 53 ARTICLE X INDEMNIFICATION 53 Section 10.01 Survival of Certain Representations and Warranties, Covenants and Agreements 53 Section 10.02 Indemnification by the Sellers 54 Section 5.5 Conduct of Business Pending the Closing 10.03 Indemnification by Buyer 54 Section 10.04 Limitations 55 Section 10.05 Exclusive Remedy 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 10.06 Procedures for Third-Party Claims 57 Section 10.07 Procedures for Inter-Party Claims 58 Section 5.7 Seller Marks 10.08 Duty to Mitigate 59 Section 5.8 Employee Matters 60 10.09 No Punitive Damages 59 Section 5.9 ISO-NE 10.10 Treatment of Indemnity Payments 59 Section 10.11 Sellers’ Rights 59 ARTICLE XI MISCELLANEOUS 59 Section 11.01 Sellers’ Representative 59 Section 11.02 No Third Party Beneficiaries; Financing Sources 61 Section 11.03 Equitable Remedies 61 Section 11.04 Entire Agreement 61 Section 11.05 Successors and NEPOOL Matters Assigns 62 Section 11.06 Counterparts 62 Section 11.07 Headings 62 Section 11.08 Notices 62 Section 11.09 Governing Law 63 Section 11.10 Consent to Jurisdiction; Waiver of Jury Trial 64 Section 11.11 Amendments and Waivers 65 Section 11.12 Incorporation of Exhibits and Schedules 65 Section 11.13 Construction 65 Section 11.14 Interpretation 65 Section 11.15 Disclosure Schedules 65 Section 11.16 Arbitration 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; 11.17 Costs and Expenses 67 Section 5.13 Tax Matters 11.18 Parent Guaranty 67 Section 5.14 Further Assurances 11.19 Release by the Sellers; Covenant Not To Xxx 68 EXHIBITS Exhibit A – Indemnification Escrow Agreement Exhibit B – Sample Working Capital Exhibit C – Working Capital Escrow Agreement STOCK AND MEMBERSHIP INTEREST PURCHASE AGREEMENT This Stock and Membership Interest Purchase Agreement (this “Agreement”) is entered into as of September 3, 2012, by and among Snack Factory, LLC, a New Jersey limited liability company (“SF Opco”), Princeton Vanguard, LLC, a Delaware limited liability company (“PV IPco”), VMG Snack Factory Blocker, Inc., a Delaware corporation (“VMG Blocker Corp.” and, together with SF Opco and PV IPco, the “Target Companies”), The Snack Factory, LLC, a Delaware limited liability company (“SF Holdco”), VMG Tax-Exempt, L.P., a Delaware limited partnership (“VMG Tax-Exempt LP”), VMG Equity Partners GP, L.P., a Delaware limited partnership (“VMG General Partner” and, together with SF Holdco and VMG Tax-Exempt LP, the “Sellers”), S-L Snacks National, LLC, a North Carolina limited liability company (“Buyer”), and, solely for purposes of Section 5.15 Schedule Modifications During 11.18, Xxxxxx’x-Xxxxx, Inc., a North Carolina corporation (“Parent”). Buyer, the Interim Period Target Companies and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions the Sellers are sometimes collectively referred to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations herein as the “Parties” and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78each individually as a “Party.”

Appears in 1 contract

Samples: Stock and Membership Interest Purchase Agreement (Snyder's-Lance, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 31 Section 4.1 Organization and Existence Authority of Buyer; Execution and Delivery 32 Section 4.2 Capitalization of Buyer 32 Section 4.3 Subsidiaries of Buyer 33 Section 4.4 Financial Statements 33 Section 4.5 Absence of Certain Changes or Events 34 Section 4.6 Permits 34 Section 4.7 Litigation 35 Section 4.8 Compliance with Law 35 Section 4.9 Consents and Approvals 35 Section 4.10 Tax Matters 36 Section 4.11 Brokers and Finders 37 Section 4.12 Regulatory 38 Section 4.13 Insurance Contracts 38 Section 4.14 Reinsurance Agreements 39 Section 4.15 Commission Reports 39 Section 4.16 Insurance Permits 39 Section 4.17 Reserves 39 Section 4.18 Financial Examinations 40 TABLE OF CONTENTS (continued) Page Section 4.19 Portfolio Investments 40 Section 4.20 FCPA 40 Section 4.21 OFAC 40 Section 4.22 Financial Capability 40 Section 4.23 Securities Act 40 Section 4.24 Proxy Statement 41 Section 4.25 Registration of the Buyer Common Shares 41 Section 4.26 No Other Representations or Warranties 41 ARTICLE V LIABILITY FOR TAXES AND RELATED MATTERS 41 Section 5.1 Seller’s Indemnification of Buyer 41 Section 5.2 Buyer’s Indemnification of Seller 42 Section 5.3 Straddle Periods 42 Section 5.4 Tax Returns 42 Section 5.5 Tax Refund 43 Section 5.6 Consistency with Prior Periods 43 Section 5.7 Contest Provisions 43 Section 5.8 Notice Provisions 44 Section 5.9 Transfer Taxes 44 Section 5.10 Assistance and Cooperation 44 Section 5.11 Tax Sharing Agreements 45 Section 4.2 Authority and Enforceability 5.12 Miscellaneous 45 Section 4.3 Noncontravention 5.13 Consolidation 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Structure 46

Appears in 1 contract

Samples: Purchase Agreement (Assured Guaranty LTD)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 33 4.1 Organization and Existence 45 Section Business; Power and Authority; Effect of Merger 33 4.2 Authority and Enforceability 45 Section No Violations 33 4.3 Noncontravention 46 Section Litigation 34 4.4 Legal Proceedings 46 Section Investment 34 4.5 Compliance with Laws 46 Section Funding Source 34 4.6 Brokers 46 Section Brokerage 34 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Investment Canada Act 34 ARTICLE 5 COVENANTS 35 5.1 Access to Information; Confidentiality 35 5.2 Agreement to Cooperate; Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 35 5.3 Public Announcements 35 5.4 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 36 5.5 Conduct of Business Pending the Closing 56 Section 36 5.6 Termination [Intentionally Omitted] 38 5.7 Non-Solicitation 38 5.8 Supplemental Disclosure 38 5.9 Notices of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Events 39 ARTICLE VI 6 CLOSING CONDITIONS TO CLOSING 71 Section 39 6.1 Buyer’s Conditions to Closing 71 Section Obligations of Each Party 39 6.2 Seller’s Conditions to Closing 73 Obligations of Buyer 39 6.3 Conditions to Obligations of the Company 41 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7 INDEMNIFICATION 41 7.1 Survival 74 Section Indemnification by the Company 41 7.2 Indemnification by Seller 74 Section Buyer 42 7.3 Indemnification by Buyer 74 Section Time and Monetary Limitations 42 7.4 Certain Procedure 43 7.5 Other Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 44 7.6 Tax Treatment of Indemnity Payments 45 7.7 Indemnification of Directors and Officers 45 7.8 Indemnification for Environmental Losses 47 ARTICLE 8 TAX 48 8.1 Filing Responsibility 48 8.2 Cooperation on Tax Matters 49 8.3 Tax Sharing Agreements 49 8.4 Transfer Taxes 50 ARTICLE 9 TERMINATION 50 9.1 Termination 50 9.2 Effect of Termination 50 ARTICLE 10 BROKERS’ FEES 51 ARTICLE 11 GENERAL PROVISIONS 51 11.1 Specific Performance 51 11.2 Waivers; Amendments 51 11.3 Fees, Expenses and Other Payments 7851 11.4 Notices 51 11.5 Nature of Representations and Warranties 53 11.6 Non-Reliance of Buyer 53 11.7 Non-Recourse 54 11.8 Exclusive Remedies 54 11.9 Severability 54 11.10 Counterparts; Facsimile Signatures 55 11.11 Section Headings 55 11.12 Governing Law 55 11.13 Further Acts 56 11.14 Entire Agreement; Construction; No Implied Warranties 56 11.15 Retention of Counsel 56 11.16 Currency 57 11.17 Assignment 57 11.18 Parties in Interest 57 ATTACHMENTS: Appendix A: Definitions EXHIBITS: Exhibit A: Certificate of Incorporation of Surviving Corporation Exhibit B: Transmittal Letter Exhibit C: Escrow Agreement Exhibit D: Stockholders’ Pro Rata Shares Exhibit E: Proportionate Escrow Share

Appears in 1 contract

Samples: Agreement and Plan of Merger (SAVVIS, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 5.01. Corporate Existence and Existence 45 Power 32 Section 4.2 Authority 5.02. Authorization 32 Section 5.03. Governmental Authorization 32 Section 5.04. Noncontravention 32 Section 5.05. Financing 33 Section 5.06. Purchase for Investment 33 Section 5.07. Litigation 33 Section 5.08. Finders’ Fees 33 ARTICLE 6 COVENANTS OF SELLERS Section 6.01. Conduct of the Company 33 Section 6.02. Access to Information 36 Section 6.03. Notices of Certain Events 37 Section 6.04. Intercompany Accounts and Enforceability 45 Agreements; Receivables Facility 37 Section 4.3 Noncontravention 6.05. Resignations 38 Section 6.06. Seller Representative 38 Section 6.07. Management Bonus Agreements 39 Section 6.08. Non-Compete 39 Section 6.09. Ownership of Company Shares 40 Section 6.10. Transfer of the No-C Technology 40 Section 6.11. Financial Condition of SG Corporation and Sellers 40 ARTICLE 7 COVENANTS OF BUYER Section 7.01. Confidentiality 40 Section 7.02. Access 41 Section 7.03. Trademarks; Tradenames 41 PAGE Section 7.04. Change in Corporate Name 42 Section 7.05. Director and Officer Indemnification 42 Section 7.06. Inspections; No Other Representations 42 ARTICLE 8 COVENANTS OF BUYER AND SELLERS Section 8.01. Reasonable Best Efforts; Further Assurances 43 Section 8.02. Certain Filings 44 Section 8.03. Public Announcements 46 Section 4.4 Legal Proceedings 8.04. Insurance 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 8.05. Workers Compensation 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 8.06. Release of Lease Guaranty 48 Section 5.1 Closing Conditions 8.07. No Hire of Employees 48 Section 5.2 Notices, Consents; Approvals 48 8.08. Consideration of Alternative Treatments of Intercompany Accounts 49 ARTICLE 9 TAX MATTERS Section 5.3 Assigned Contracts 9.01. Definitions 49 Section 9.02. Tax Representations 51 Section 5.4 Access of Buyer and Seller 9.03. Tax Returns 54 Section 5.5 Conduct of Business Pending the Closing 56 9.04. Procedures Related to Tax Claims 57 Section 5.6 Termination of Certain Services and Contracts; Transition 9.05. Cooperation on Tax Matters 58 Section 5.7 Seller Marks 9.06. Tax Indemnification 59 Section 5.8 Employee Matters 60 9.07. Purchase Price Adjustment 61 Section 5.9 ISO-NE and NEPOOL Matters 66 9.08. Purchase Price Allocation 61 Section 5.10 Post-Closing Operations 67 9.09. Additional Buyer Tax Covenant 61 Section 5.11 Post-Closing Environmental Matters 67 9.10. Section 5.12 Transfer Taxes338(g) Elections 62 Section 9.11. Exclusive Remedies; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Limitation to Related Subsidiaries 62 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7810

Appears in 1 contract

Samples: Stock Purchase Agreement (Meadwestvaco Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 48 4.1 Organization and Existence 45 Section Buyer’s Authority; No Conflicts 48 4.2 Authority and Enforceability 45 Section Litigation; Proceedings 49 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified 49 4.4 Brokers 50 4.5 Applicable Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Brand Data 50 ARTICLE V 5 COVENANTS 48 Section OF SELLER 50 5.1 Closing Conditions 48 Section Access 50 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Ordinary Conduct of the Business Pending the Closing 56 Section 50 5.3 Accounts Receivable 53 5.4 Confidential Information 53 5.5 Seller’s Covenant Not To Compete 54 5.6 Consents to Certain Assignments; Separation of Included Shared Contracts; Pass-Through Arrangements 55 5.7 No Solicitation 57 5.8 Notification of Certain Matters 57 5.9 Satisfaction of Obligations 58 5.10 Promotional and Advertising Activities 58 5.11 Termination of Certain Affiliate Agreements and Other Specified Agreements 58 5.12 Additional Contracts Disclosure and Additional Intellectual Property Disclosure 58 5.13 Preliminary Title Reports; Surveys 58 5.14 Transition Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO5.15 Re-NE and NEPOOL Matters 66 Section 5.10 filing of Expired Trademarks 59 ARTICLE 6 EMPLOYEE BENEFITS 59 6.1 Continued Employment 59 6.2 Post-Closing Operations 67 Compensation Generally 60 6.3 Service Credit 61 6.4 Welfare Benefits Generally 62 6.5 Flexible Spending Plans 63 6.6 Vacation 63 6.7 Seller Plans Generally 63 6.8 Rollovers to U.S. Tax-Qualified Savings/401(k) Plan 64 6.9 Severance 64 6.10 Cash Compensation Obligations 65 6.11 WARN Act 65 6.12 Treatment of Transaction under Code Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; 409A 66 6.13 Agreement Is Not a Plan Amendment 66 6.14 U.S. Employment Tax Reporting 66 ARTICLE 7 MUTUAL COVENANTS OF THE PARTIES 66 7.1 Reasonable Efforts 66 7.2 Publicity 69 7.3 Access to Information 69 7.4 Bulk Sales Waiver 70 7.5 Expenses 67 Section 5.13 70 7.6 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 7.7 Employee Non-Solicitation 72 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 8 INDEMNIFICATION 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 8.1 Survival 74 Section 7.2 73 8.2 Indemnification by Seller 74 Section 7.3 73 8.3 Indemnification by Buyer 74 Section 7.4 76 8.4 Exclusive Remedy; Damages 76 8.5 Procedures Relating to Indemnification 76 8.6 Recoverable Damages 80 8.7 Recoverable Damages for Certain Limitations Tax Representations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Warranties 80 8.8 Adjustment for Tax Treatment Purposes 80 ARTICLE 9 TERMINATION 81 9.1 Basis for Termination 81 9.2 Notice of Indemnification Payments 78Termination 82 9.3 Effect of Termination 82 ARTICLE 10 GENERAL PROVISIONS 82 10.1 Assignment 82 10.2 No Third-Party Beneficiaries 82 10.3 Amendments 82 10.4 Waiver of Compliance 82 10.5 Notices 83 10.6 Counterparts 84 10.7 Severability 84 10.8 Governing Law 84 10.9 Actions and Proceedings 84 10.10 Specific Performance 85 10.11 Inclusion in Disclosure Schedules 85 10.12 Entire Agreement 85 10.13 Disclosure Schedules 85 10.14 Interpretive Matters 85 10.15 Further Assurances 86

Appears in 1 contract

Samples: Asset Purchase Agreement (Kraft Foods Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization AND BUYER SUB 38 4.01. Representations and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Warranties of Buyer and Seller 54 Section 5.5 Conduct Buyer Sub 38 ARTICLE FIVE — FURTHER COVENANTS OF SELLER 58 5.01. Operation of Business Pending the Closing 56 Section 5.6 Termination 58 5.02. Notification 63 5.03. No Solicitation 63 5.04. Delivery of Certain Services and ContractsInformation 66 5.05. Takeover Laws 66 5.06. No Control 67 5.07. Seller Classified Loans 67 5.08. 401(k) Plan Matters; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Other Benefit Plan Matters 67 ARTICLE SIX — FURTHER COVENANTS OF BUYER 68 6.01. Access to Information 68 6.02. Opportunity of Employment; Employee Benefits; Retention Pool and Retention Restricted Stock Grants 68 6.03. Exchange Listing 71 6.04. Notification 71 6.05. Takeover Laws 71 6.06. Officers’ and Directors’ Indemnification and Insurance 72 6.07. Advisory Board 73 6.08. Operation of Business 73 6.09. Buyer Forbearances 74 6.10. Seller Shares 74 6.11. Section 5.12 Transfer Taxes16 74 ARTICLE SEVEN — FURTHER OBLIGATIONS OF THE PARTIES 74 7.01. Confidentiality 74 7.02. Necessary Further Action 75 7.03. Cooperative Action 75 7.04. Satisfaction of Conditions 75 7.05. Press Releases 76 7.06. Registration Statements; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period Proxy Statement; Shareholders’ Meeting 76 7.07. Regulatory Applications 78 7.08. Coordination of Dividends 79 7.09. Transition and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Data Conversion 79 ARTICLE VI EIGHT — CONDITIONS PRECEDENT TO CLOSING 71 Section 6.1 Buyer’s THE OBLIGATIONS OF THE PARTIES 80 8.01. Conditions to Closing 71 Section 6.2 Seller’s the Obligations of Buyer and Buyer Sub 80 8.02. Conditions to the Obligations of Seller and Seller Sub 81 8.03. Mutual Conditions 82 ARTICLE NINE — CLOSING 83 9.01. Closing 73 83 9.02. Closing Transactions Required of Buyer 83 9.03. Closing Transactions Required of Seller 84 ARTICLE VII INDEMNIFICATIONTEN — NON-SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS 84 10.01. Non-Survival of Representations, Warranties and Covenants 84 ARTICLE ELEVEN — TERMINATION 85 11.01. Termination 85 11.02. Effect of Termination 88 ARTICLE TWELVE — MISCELLANEOUS 90 12.01. Notices 90 12.02. Counterparts; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations Electronic Signatures 91 12.03. Entire Agreement; No Third-Party Rights 91 12.04. Successors and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Assigns 91 12.05. Captions 91 12.06. Governing Law 91 12.07. Payment of Indemnification Payments 78Fees and Expenses 91 12.08. Amendment 92 12.09. Waiver 92 12.10. Disclosure Schedules 92 12.11. Waiver of Jury Trial 92 12.12. Severability 92 12.13. Specific Performance 92 Exhibit A - Form of Voting Agreement

Appears in 1 contract

Samples: Agreement and Plan of Merger (Wesbanco Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Corporate Organization and Existence 45 Standing 35 Section 4.2 Authority and Enforceability 45 Relative to this Agreement, Etc 35 Section 4.3 Noncontravention 46 Consents and Approvals; No Violations 35 Section 4.4 Legal Proceedings 46 Brokers and Finders 36 Section 4.5 Compliance with Laws 46 Financing 36 Section 4.6 Brokers 46 Securities Act 38 Section 4.7 Availability of Funds 46 Solvency 38 Section 4.8 Qualified Buyer 47 Investigations; Litigation 38 Section 4.9 Governmental Approvals 47 Investigation by Buyer 38 Section 4.10 WARN Act 47 Intentionally Omitted 38 Section 4.11 Independent Investigation 47 Limited Guarantees 39 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE No Additional Representations; No Reliance 39 Article V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 40 Section 5.2 Access to Information 45 Section 5.3 Certain Governmental Approvals 46 Section 5.4 Further Assurances 50 Section 5.5 Intercompany Accounts and Arrangements 50 Section 5.6 Termination Provision of Certain Services and Contracts; Transition Matters 58 Corporate Records 51 Section 5.7 Seller Marks 59 Retained Names 53 Section 5.8 Employee Matters 60 Guarantees 55 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations Access to Information 57 Section 5.10 Production of Witnesses and Individuals 58 Section 5.11 Retention of Records 58 Section 5.12 Confidentiality 59 Section 5.13 Non-Solicitation; Non-Competition 61 Section 5.14 Mail and Other Communications; Accounts 65 Section 5.15 Compliance with WARN Act and Similar Statutes 66 Section 5.16 Shared Contracts 66 Section 5.17 Transfer of Excluded Assets; Restructuring 67 Section 5.11 Post5.18 Obligations Regarding Non-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period Assignable Assets and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Delayed Companies 72 Section 5.19 Public Announcements 71 Obligations Regarding Joint Ventures 74 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Directors and Officers 76 Section 6.1 5.21 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures Financing Activities 77 Section 7.6 Tax Treatment of Indemnification Payments 785.22 Intentionally Omitted 84 Section 5.23 Conflicts; Privileges 84 Section 5.24 Local Purchase Agreements; Related Agreements 84 Section 5.25 Local Asset Transfer Agreements 85 Section 5.26 Specified Litigation 85 Section 5.27 Insurance 86 Section 5.28 Financial Statements 86 Article VI TAX MATTERS

Appears in 1 contract

Samples: Purchase Agreement (Axalta Coating Systems Ltd.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 40 Section 8.1 Buyer’s Representations and Warranties 40 Section 8.2 Buyer’s Independent Investigation 42 Section 8.3 Buyer’s Release of Seller 44 Section 8.4 Discharge 45 ARTICLE 9 MAINTENANCE OF PROPERTY 45 Section 4.1 Organization and Existence 9.1 Certain Interim Operating Covenants 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 9.2 Liquor Licenses 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer ARTICLE 10 CLOSING AND CONDITIONS 47 Section 4.9 Governmental Approvals 10.1 Escrow Instructions 47 Section 4.10 WARN Act 10.2 Closing 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 10.3 Seller’s Closing Documents and Other Items 48 Section 5.1 10.4 Buyer’s Closing Conditions 48 Documents and Other Items 49 Section 5.2 Notices, Consents; Approvals 48 10.5 Actions at Closing 50 Section 5.3 Assigned Contracts 10.6 Prorations and Closing Costs 51 Section 5.4 Access of Buyer and Seller 10.7 Broker 53 Section 10.8 Expenses 53 Section 10.9 Estoppel Certificate 53 ARTICLE 11 MISCELLANEOUS 54 Section 5.5 Conduct 11.1 Amendment and Modification 54 Section 11.2 Risk of Business Pending the Closing Loss and Insurance Proceeds 54 Section 11.3 Notices 55 Section 11.4 Assignment 56 Section 5.6 Termination 11.5 Governing Law and Consent to Jurisdiction 56 Section 11.6 Counterparts 56 Section 11.7 Entire Agreement 57 Section 11.8 Severability 57 Section 10.9 Attorney Fees 57 Section 11.10 Payment of Certain Services Fees and Contracts; Transition Matters Expenses 57 Section 11.11 Confidential Information 57 Section 11.12 No Joint Venture 58 Section 5.7 Seller Marks 59 11.13 Waiver of Jury Trial 58 Section 5.8 Employee Matters 60 11.14 Limited Liability 58 Section 5.9 ISO-NE 11.15 Time of Essence 58 Section 11.16 No Waiver 58 Section 11.17 No Recordation 58 Section 11.18 Tax Disclosures 58 AGREEMENT OF SALE AND PURCHASE THIS AGREEMENT OF SALE AND PURCHASE (this “Agreement”), dated as of November 16,, 2006, is among FUND IV EAGL CANYON SPRINGS, L.P., a Delaware limited partnership (“Canyon Owner”); EAGL FUND IV CANYON SPRINGS LESSEE, L.P., a Delaware limited partnership (“Canyon Lessee”); FUND IV EAGL CINCO RANCH, L.P., a Delaware limited partnership (“Cinco Owner”); EAGL FUND IV CINCO RANCH LESSEE, L.P., a Delaware limited partnership (“Cinco Lessee”); FUND IV EAGL FOSSIL CREEK, L.P., a Delaware limited partnership (“Fossil Owner”); EAGL FUND IV FOSSIL CREEK LESSEE, L.P., a Delaware limited partnership (“Fossil Lessee”); FUND IV EAGL PLANTATION RESORT, L.P., a Delaware limited partnership (“Plantation Owner”); EAGL FUND IV PLANTATION RESORT LESSEE, L.P., a Delaware limited partnership (“Plantation Lessee”); FUND IV EAGL CLEAR CREEK, L.P., a Delaware limited partnership (“Clear Owner”); EAGL FUND IV CLEAR CREEK LESSEE, L.P., a Delaware limited partnership (“Clear Lessee”) (collectively “Seller”), and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 CNL INCOME PARTNERS, LP, a Delaware limited partnership (“Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78”).

Appears in 1 contract

Samples: Agreement of Sale and Purchase (CNL Income Properties Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. AND MERGER SUB 27 5.1 Corporate Existence and Power 27 5.2 Corporate Authorization 28 5.3 Governmental Authorization 28 5.4 Non-Contravention 28 5.5 Capitalization 29 5.6 SEC Reports 30 5.7 Undisclosed Liabilities 32 5.8 Litigation 32 5.9 Taxes 32 5.10 Employee Benefit Plans 34 5.11 Compliance With Laws 36 5.12 Finders’ Fees 36 5.13 Opinion of Financial Advisor 36 5.14 Anti-Takeover Provisions 36 5.15 Voting 36 5.16 Contracts 37 5.17 Labor and Employee Matters 37 5.18 Environmental 38 5.19 Property 38 5.20 Intellectual Property; Software 39 5.21 Insurance 40 5.22 Suppliers And Manufacturers; Effect Of Transaction 40 5.23 Merger Sub Operations 41 5.24 Certain Business Practices 41 5.25 Ownership of Company Common Stock 41 5.26 Government Contracts 42 5.27 Minute Books 42 5.28 Sufficiency of Assets 42 5.29 Receivables 42 5.30 Inventories 42 ARTICLE VI ADDITIONAL AGREEMENTS 43 6.1 Securities Filings; Registration Rights 43 6.2 Access to Information 43 6.3 Director and Officer Liability 43 6.4 Notice of Certain Events 45 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention ii TABLE OF CONTENTS Page 6.5 Employee Matters 46 Section 4.4 Legal Proceedings 6.6 Tax Matters 46 Section 4.5 Compliance with Laws 6.7 Board of Directors of Buyer 46 Section 4.6 Brokers 6.8 Further Assurances 46 Section 4.7 Availability ARTICLE VII CONDITIONS TO THE MERGER 47 7.1 Conditions to the Obligations of Funds 46 Section 4.8 Qualified Buyer Each Party 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing 7.2 Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access to the Obligations of Buyer and Seller 54 Section 5.5 Conduct Merger Sub 47 7.3 Conditions to the Obligations of Business Pending the Closing 56 Section 5.6 Termination of Certain Services Parent and Contractsthe Company 48 ARTICLE VIII MISCELLANEOUS 50 8.1 Notices 50 8.2 Representations and Warranties 51 8.3 Expenses 51 8.4 Amendment 51 8.5 Successors and Assigns 51 8.6 Governing Law 51 8.7 Counterparts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer TaxesEffectiveness; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Third Party Beneficiaries 51 8.8 Severability 52 8.9 Entire Agreement 52 8.10 Remedies 52 8.11 Jurisdiction 52 8.12 Headings 53 8.13 Further Assurances 68 Section 5.15 Schedule Modifications During 53 8.14 Authorship 53 8.15 Publicity 53 INDEX OF SCHEDULES AND EXHIBITS Buyer Disclosure Letter Company Disclosure Letter AGREEMENT AND PLAN OF MERGER This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of April 2, 2014, by and among As Seen on TV, Inc., a Florida corporation (“Buyer”), ASTV Merger Sub, Inc., a Nevada corporation and a direct wholly owned subsidiary of Buyer (“Merger Sub”), Infusion Brands International, Inc., a Nevada corporation (“Parent”), and Infusion Brands, Inc., a Nevada corporation and a direct wholly owned subsidiary of Parent (the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78“Company”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (As Seen on TV, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 26 Section 4.1 5.1 Organization 26 Section 5.2 Authority; No Conflict; Required Filings and Existence 45 Consents 27 Section 4.2 Authority and Enforceability 45 5.3 Additional Compliance Matters 28 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 5.4 Compliance with Gaming and Liquor License Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 28 Section 5.5 Securities Act Representations 29 Section 5.6 Available Funds 29 Section 5.7 Litigation 30 Section 5.8 Brokers 30 Section 5.9 Specially Designated Nationals and Blocked Persons 30 Section 5.10 No Tax Shelter 30 Section 5.11 Buyer’s Acceptance of Seller’s Deliverables 30 Section 5.12 No Additional Representations 31 Section 5.13 Full Disclosure 31 ARTICLE 6 COVENANTS 31 Section 6.1 Conduct of Business Pending of the Closing 56 Company 31 Section 5.6 Termination 6.2 Preserve Accuracy of Representations and Warranties; Update of Seller Disclosure Letter; Notification of Certain Services and Contracts; Transition Matters 58 34 Section 5.7 Seller Marks 59 Section 5.8 6.3 Employee Matters 60 36 Section 5.9 ISO-NE 6.4 Access to Information and NEPOOL Matters 66 the Real Property 37 Section 5.10 Post-Closing Operations 67 6.5 Governmental Approvals; Third Party Consents 39 Section 5.11 Post-Closing Environmental Matters 67 6.6 Publicity; Securities Filings 41 Section 5.12 Transfer Taxes; Expenses 67 6.7 Exclusive Dealing 41 Section 5.13 6.8 Further Assurances and Actions 41 Section 6.9 Reservations 42 Section 6.10 Intercompany Accounts 43 Section 6.11 No Control 43 Section 6.12 Tax Matters 67 43 Section 5.14 Further Assurances 68 6.13 Company and Seller Indemnification 46 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 6.14 Investigation; No Additional Representations 47 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment 6.15 Confidential Nature of Indemnification Payments 78Information 47 EXECUTION VERSION

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Full House Resorts Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. Section 4.01 Organization of Buyer 43 Section 4.02 Due Authorization 43 Section 4.03 Governmental Authorization 44 Section 4.04 Noncontravention 44 Section 4.05 Financial Ability 44 Section 4.06 Litigation 45 Section 4.1 Organization and Existence 4.07 Solvency 45 Section 4.2 Authority and Enforceability 4.08 Finders’ Fees 45 Section 4.3 Noncontravention 4.09 No Additional Representations; No Reliance 45 Section 4.10 Purchase for Investment 46 ARTICLE V Covenants Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability 5.01 Conduct of Funds 46 Section 4.8 Qualified Buyer the Precoat Business 47 Section 4.9 Governmental 5.02 Pre-Closing Access 50 Section 5.03 Regulatory Filings 50 Section 5.04 Third-Party Approvals 47 53 Section 4.10 WARN Act 47 5.05 Wrong Pockets 53 Section 4.11 Independent Investigation 47 5.06 Intercompany Balances; Affiliate Transactions 53 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 5.07 Business Guarantees 54 Section 5.5 Conduct 5.08 Termination of Business Pending the Closing Trademark Usage 55 Section 5.09 Insurance 56 Section 5.6 Termination 5.10 Legal Proceedings; Production of Certain Services Witnesses 57 Section 5.11 Retention of Books and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE Records and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Access 57 Section 5.12 Transfer Taxes; Expenses 67 Confidentiality 58 Section 5.13 Tax Matters 67 Public Announcements 59 Section 5.14 Further Assurances 68 60 Section 5.15 Schedule Modifications During the Interim Period Contact with Customers and Updates 69 Suppliers 60 Section 5.16 Casualty 70 D&O Indemnification and Insurance 60 Section 5.17 Condemnation 70 Debt Financing Obligations 61 Section 5.18 Confidentiality 71 Exclusive Dealing 65 Section 5.19 Public Announcements 71 Noncompetition and Nonsolicitation 65 Section 5.20 Mercury Removal Contract 71 280G Vote 66 ii Section 5.21 Notification 67 Section 5.22 Employment Cooperation 67 Section 5.23 Pro Forma Financial Statements 67 ARTICLE VI CONDITIONS TO CLOSING 71 Tax Matters Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 6.01 Tax Matters 67 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS Employee Matters Section 7.01 Employee Communications and Consultations 72 Section 7.02 Transferred Employees 72 Section 7.03 Effect of Transfer 72 Section 7.04 Continuation of Benefits 73 Section 7.05 Assumed Incentive Payments 73 Section 7.06 Service Credit 73 Section 7.07 Vacation 74 Section 7.1 Survival 7.08 Health and Welfare Benefits 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 7.09 Workers Compensation 75 Section 7.5 Indemnification Procedures 77 7.10 Termination of Participation in Benefit Plans 75 Section 7.6 Tax 7.11 Third-Party Rights 75 Section 7.12 Treatment of Indemnification Payments 78EAR Plans 76 Section 7.13 Treatment of Defined Benefit Pension Plan 76 Section 7.14 Cooperation 77

Appears in 1 contract

Samples: Securities Purchase Agreement (Azz Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 37 Section 5.1 Organization 37 Section 5.2 Authority 37 Section 5.3 Consents and Approvals; No Violations 38 Section 5.4 Brokers 38 Section 5.5 Sufficiency of Funds 38 Section 5.6 Investment Representation 38 Section 5.7 Solvency 39 Section 5.8 Investigation; No Other Representations 39 ARTICLE 6 COVENANTS 40 Section 6.1 Tax Matters 40 Section 6.2 Public Announcements 43 Section 6.3 Indemnification; Directors’ and Officers’ Insurance 44 Section 6.4 Documents and Information 44 Section 6.5 Employee Benefit Matters 45 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 6.6 Covenant Not to Compete; Non-Solicitation 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 6.7 Company Name; Domain Names 48 Section 5.1 Closing Conditions 48 6.8 Release 49 Section 5.2 Notices6.9 Confidentiality 49 Section 6.10 Maintenance of Coverage 49 ARTICLE 7 SURVIVAL OF REPRESENTATIONS, ConsentsWARRANTIES AND COVENANTS; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 INDEMNIFICATION 50 Section 7.1 Survival 74 of Representations, Warranties and Covenants 50 Section 7.2 General Indemnification by Seller 74 50 Section 7.3 Indemnification by Buyer 74 Third Party Claims 51 Section 7.4 Certain Limitations and Provisions 75 on Indemnification Obligations 51 Section 7.5 Indemnification Procedures 77 Treatment of Indemnity Payments 53 Section 7.6 Tax Treatment Exclusive Remedy 53 Section 7.7 Manner of Indemnification Payments 78Payment; Escrow Release 53 Section 7.8 Defense under R&W Insurance Policy 53 ARTICLE 8 MISCELLANEOUS 54 Section 8.1 Entire Agreement; Assignment 54 Section 8.2 Notices 55 Section 8.3 Governing Law 55 Section 8.4 Fees and Expenses 55 Section 8.5 Construction; Interpretation 55 Section 8.6 Exhibits and Schedules 55 Section 8.7 Parties in Interest 55 Section 8.8 Severability 55 Section 8.9 Counterparts; Facsimile Signatures 55 Section 8.10 No Recourse 56

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Exela Technologies, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 49 4.1 Organization and Existence 45 Section Corporate Power; Capitalization 49 4.2 Authority and Enforceability 45 Section Authorization of Transactions 50 4.3 Noncontravention 46 Section Non-Contravention 50 4.4 Legal Proceedings 46 Section Litigation 50 4.5 Compliance with Laws 46 Section Brokerage 51 4.6 Brokers 46 Section Sufficient Funds 51 4.7 Availability Buyer Financial Information 51 ARTICLE V CONDUCT OF COMPANY BUSINESS DURING PENDENCY OF TRANSACTION 51 5.1 Affirmative Obligations of Funds 46 Section 4.8 Qualified the Company 51 5.2 Forbearance of the Company 52 5.3 Procedures for Requesting Buyer 47 Section 4.9 Consent 55 ARTICLE VI ADDITIONAL AGREEMENTS 55 6.1 Non-Solicitation of Competing Acquisition Proposals 55 6.2 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 56 6.3 Endeavors to Close 57 6.4 Access to Information 57 6.5 Notification of Certain Matters 57 6.6 Confidentiality 57 6.7 Contracts 58 6.8 Employee Matters 59 6.9 Tax Matters 60 6.10 Further Assurances 63 6.11 Transactions with Affiliates 63 6.12 Seller and Vested Optionholder Releases 63 6.13 Spreadsheet; Allocation 64 6.14 Tail Insurance Coverage 64 6.15 Disclosure to U.S. Authorities 64 ARTICLE V COVENANTS 48 Section 5.1 Closing VII CONDITIONS TO THE ACQUISITION 65 7.1 Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access to Obligations of Each Party 65 7.2 Additional Conditions to the Obligations of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s 65 7.3 Additional Conditions to Obligations of the Company and the Sellers 68 ARTICLE VIII INDEMNIFICATION 68 8.1 Indemnification 68 8.2 Additional Indemnity Provisions 72 8.3 Claims Procedure 72 8.4 Survival of Representations and Warranties, etc 75 8.5 Holdback Arrangements 75 ARTICLE IX PRE-CLOSING TERMINATION OF AGREEMENT 76 9.1 Termination 76 9.2 Effect of Termination 77 ARTICLE X MISCELLANEOUS PROVISIONS 77 10.1 Amendment and Modification 77 10.2 Waiver of Compliance 78 10.3 Notices 78 10.4 Binding Nature; Assignment 79 10.5 Entire Agreement 79 10.6 Expenses 79 10.7 Press Releases and Announcements 79 10.8 Governing Law 79 10.9 Arbitration 79 10.10 Interpretation 80 10.11 Fair Market Value of Buyer Series B Common Stock 81 10.12 Specific Performance 81 10.13 Severability 81 10.14 Counterparts 81 10.15 Seller Representative 81 Exhibits* Exhibit A-1 Sellers Exhibit A-2 Vested Optionholders Exhibit B Form of Closing 71 Section 6.2 SellerCertificate Exhibit C Principal Residences of Sellers and Vested Optionholders Exhibit D Form of Buyer Stockholder Agreement Exhibit E Form of Director and Officer Resignation Letter Exhibit F Form of Non-Competition Agreement Exhibit G-1 Form of Retention Plan Exhibit G-2 Retention Payment Recipients Exhibit G-3 Form of Retention Agreement (Participation Agreement) Exhibit H Deed of Confirmation and Release Exhibit I-1 Form of Officer’s Conditions Certificate Exhibit I-2 Form of Seller Certificate Exhibit J Other Key Employees Exhibit K Form of Vested Optionholder Agreement Exhibit L Disclosure Letter * Not filed herewith pursuant to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY Item 601(b)(2) of Regulation S-K. The registrant will provide a supplemental copy of these exhibits to the Commission upon request. SHARE PURCHASE AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification SALE AGREEMENT THIS SHARE PURCHASE AND SALE AGREEMENT (the “Agreement”) is made and entered into as of March 14, 2014, by and among the Sellers listed on Exhibit A-1 hereto (the “Sellers”), certain of the Vested Optionholders (as defined below) listed on Exhibit A-2 hereto, Zopim Technologies Pte Ltd, a private limited company duly organized under the laws of Singapore (the “Company”), Zendesk, Inc., a Delaware corporation (the “Buyer”), and Royston Tay as the representative of the Sellers and Vested Optionholders (the “Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Representative”).

Appears in 1 contract

Samples: Share Purchase and Sale Agreement (Zendesk, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 22 Section 5.1 Closing Conditions 48 Organization of Buyer 22 Section 5.2 Notices, Consents; Approvals 48 Authorization of Transaction 22 Section 5.3 Assigned Contracts 51 Non-Contravention 23 Section 5.4 Access of Buyer and Seller 54 Brokers' Fees 23 Section 5.5 Conduct Authorization of Shares 23 Section 5.6 Full Disclosure 23 ARTICLE 6 PRE-CLOSING COVENANTS 24 Section 6.1 General 24 Section 6.2 Notices and Consents 24 Section 6.3 Operation of Business Pending the Closing 56 24 Section 5.6 6.4 i Preservation of Business 24 Section 6.5 Full Access 24 Section 6.6 Notice of Developments 24 Section 6.7 Exclusivity 24 ARTICLE 7 CLOSING CONDITIONS 25 Section 7.1 Conditions to Buyer's Obligation 25 Section 7.2 Conditions to Seller's Obligation 26 ARTICLE 8 POST-CLOSING COVENANTS 28 Section 8.1 Further Assurances 28 Section 8.2 Non-Competition 28 Section 8.3 No Competing Interest 28 Section 8.4 Non-Disruption 29 Section 8.5 Non-Disparagement 29 Section 8.6 Confidentiality 29 Section 8.7 Change of Seller's Name 29 Section 8.8 Consents 29 Section 8.9 Remedies Upon Breach 29 ARTICLE 9 TERMINATION 30 Section 9.1 Termination of Certain Services Agreement 30 Section 9.2 Effect of Termination 30 ARTICLE 10 INDEMNIFICATION 30 Section 10.1 Survival of Representations and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Warranties 30

Appears in 1 contract

Samples: Asset Purchase Agreement (Chyron Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 AND ACQUISITION SUB 22 Section 4.1 5.1 Organization and Existence 45 Qualification; Subsidiaries 22 Section 4.2 5.2 Authority Relative to Agreement 22 Section 5.3 No Conflict; Required Filings and Enforceability 45 Consents 22 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 5.4 Compliance with Laws 46 Law 23 Section 4.6 5.5 Absence of Litigation 23 Section 5.6 Financial Ability 23 Section 5.7 Brokers 46 24 ARTICLE VI. COVENANTS AND AGREEMENTS 25 Section 4.7 Availability 6.1 Conduct of Funds 46 Business by the Company Pending the Merger 25 Section 4.8 Qualified Buyer 47 6.2 Proxy Statement 28 Section 4.9 Governmental 6.3 Spin-Off Transaction 30 Section 6.4 HSR Act and Foreign Antitrust Approvals 47 30 Section 4.10 WARN Act 47 6.5 Inspection 32 Section 4.11 Independent Investigation 47 6.6 Acquisition Proposals 33 Section 4.12 Disclaimer Regarding Projections 47 6.7 Directors’ and Officers’ Indemnification and Insurance 36 Section 6.8 Notification of Certain Matters 37 Section 6.9 Public Announcements 38 Section 6.10 Employee Matters 38 Section 6.11 Cooperation with Financing 39 Section 6.12 Financing 40 Section 6.13 Rule 16b-3 42 Section 6.14 Non-Solicitation 42 Section 6.15 Delay of Meeting 42 ARTICLE V COVENANTS 48 VII. CONDITIONS TO THE MERGER 42 Section 5.1 Closing 7.1 Conditions 48 to the Obligations of Each Party 42 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access 7.2 Conditions to the Obligations of Buyer and Seller 54 Acquisition Sub 43 Section 5.5 Conduct 7.3 Conditions to the Obligations of Business Pending the Closing 56 Company 44 ARTICLE VIII. TERMINATION, AMENDMENT AND WAIVER 44 Section 5.6 8.1 Termination 44 Section 8.2 Effect of Termination 46 Section 8.3 Reverse Break Fee 47 Section 8.4 Failure of Requisite Stockholder Approval 47 Section 8.5 Break Fee 47 Section 8.6 Failure to Pay 47 Section 8.7 Subsequent Transaction 48 Section 8.8 Integral Provisions 48 ARTICLE IX. GENERAL PROVISIONS 48 Section 9.1 Non-Survival of Representations, Warranties and Agreements 48 Section 9.2 Notices 48 Section 9.3 Interpretation; Certain Services and ContractsDefinitions 50 Section 9.4 Specific Performance 50 Section 9.5 Severability 51 Section 9.6 Assignment 51 Section 9.7 Entire Agreement; Transition Matters 58 No Third-Party Beneficiaries 51 Section 5.7 Seller Marks 59 9.8 Governing Law 51 Section 5.8 9.9 Consent to Jurisdiction 52 Section 9.10 Counterparts 52 Section 9.11 No Strict Construction 53 Section 9.14 WAIVER OF JURY TRIAL 53 Annexes A Voting Agreement B Separation Agreement C Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Agreement D Transition Services Agreement E Noncompetition Agreements F Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During Agreement AGREEMENT AND PLAN OF MERGER, dated as of August 12, 2013 (this “Agreement”), by and among Extreme Reach, Inc., a Delaware corporation (“Buyer”), Xxxx Blackhawk Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Buyer (“Acquisition Sub”), and Digital Generation, Inc., a Delaware corporation (the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78“Company”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Digital Generation, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 51 Section 4.1 Organization and Existence 45 Standing 51 Section 4.2 Authority and Enforceability 45 51 Section 4.3 Noncontravention 46 Noncontravention; Consents 52 Section 4.4 Legal Proceedings 46 Compliance with Applicable Laws 52 Section 4.5 Compliance with Laws 46 Purchase Not for Distribution; Investigation 52 Section 4.6 Brokers 46 Litigation 53 Section 4.7 Availability of Funds 46 Financial Ability 53 Section 4.8 Qualified Buyer 47 Solvency 53 Section 4.9 Governmental Approvals 47 Brokers 52 Section 4.10 WARN Act 47 Financial Statements 54 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE No Undisclosed Liabilities 54 Article V COVENANTS 48 54 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending of the Company 54 Section 5.2 Pre-Closing 56 Access to Information; Confidentiality 58 Section 5.3 Reasonable Best Efforts 59 Section 5.4 Consents, Approvals and Filings 59 Section 5.5 Public Announcements 62 Section 5.6 Termination Use of Certain Services and Contracts; Transition Matters 58 Names 63 Section 5.7 Seller Marks 59 Background IP License 65 Section 5.8 Employee Matters 60 Further Assurances 65 Section 5.9 ISO-NE Books and NEPOOL Matters 66 Section 5.10 Records; Post-Closing Operations Access to Information 65 Section 5.10 D&O Liabilities 67 Section 5.11 Employee Matters 68 Section 5.12 Non-Solicitation 70 Section 5.13 Pre-Sale Transactions 71 Section 5.14 Trail Commissions 71 Section 5.15 Interim Reporting 71 Section 5.16 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Reporting 71 Section 5.17 Condemnation 70 Intercompany Agreements 72 Section 5.18 Confidentiality 71 VA Business 72 Section 5.19 Public Announcements 71 Specified Agreements 72 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Business Continuity Matters 73 Section 6.1 Buyer’s Conditions to Closing 71 5.21 Assignment Companies 73 Section 6.2 Seller’s Conditions to Closing 5.22 Structured Settlement Financing Transactions 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS Section 5.23 Reg 60 Remediation Plan 74 Section 7.1 Survival 5.24 Separation and Migration 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 5.25 Certain Limitations and Provisions Retrocession Agreements 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 785.26 Transaction Documents 77

Appears in 1 contract

Samples: Stock Purchase Agreement (Allstate Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 31 4.1 Organization Corporate Existence of Buyer 31 4.2 Approval of Agreement 31 4.3 No Breach of Articles or Indentures 31 ARTICLE V CERTAIN COVENANTS 31 5.1 Operation of the Business 32 5.2 Preservation of Business 33 5.3 Insurance and Existence 45 Section 4.2 Authority Maintenance of Property 33 5.4 Full Access 33 5.5 Books, Records and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Financial Statements33 5.6 WARN Act 33 5.7 Other Government Filings 34 5.8 Tax Matters 34 5.9 Change of Name 35 5.10 Escrow 35 5.11 Supplements to Schedules 35 5.12 Adverse Changes 36 ARTICLE VI COVENANT NOT TO COMPETE 36 6.1 Covenant Not to Compete 36 6.2 Restriction on Employment 37 6.3 Confidentiality 37 6.4 Remedies 37 6.5 Permitted Investments 37 6.6 Access to Properties and Records 38 ARTICLE VII CONDITIONS TO BUYER'S OBLIGATIONS 38 7.1 Representations and Warranties of Seller 38 7.2 Performance of this Agreement 38 7.3 No Material Adverse Change 38 7.4 Certificate of Seller 38 7.5 Opinion of Counsel 39 7.6 No Lawsuits 39 7.7 No Restrictions 39 7.8 Consents 39 7.9 Releases 39 7.10 Documents 39 7.11 [RESERVED] 39 7.12 Title Insurance 40 7.13 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability Applicable Law 40 7.14 Due Diligence 41 7.15 Foreign Closings 41 7.16 Further Assurances 41 ARTICLE VIII CONDITIONS TO SELLER'S OBLIGATIONS 41 8.1 Representations and Warranties of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Buyer41 8.2 Performance of this Agreement 41 8.3 Certificate of Buyer and 41 8.4 Opinion of Counsel 41 8.5 Payment of Purchase Price 41 8.6 Documents 42 8.7 Further Assurances 42 ARTICLE IX INDEMNIFICATION 42 9.1 Indemnification of Buyer42 9.2 Indemnification of Seller 54 Section 5.5 Conduct 42 9.3 Survival 43 9.4 Limitations 43 9.5 Notice of Business Pending the Closing 56 Section 5.6 Claim 43 9.6 Rights to Contest Claims of Third Persons 43 9.7 Exclusive Remedy 44 9.8 Tax Indemnification 44 9.9 Mitigation of Losses 44 ARTICLE X DISPUTE RESOLUTION 45 10.1 Scope; Initiation 45 10.2 Negotiations Between Executives 45 10.3 Binding Arbitration 45 10.4 Confidentiality Notice 46 ARTICLE XI MISCELLANEOUS 47 11.1 Changes to Structure 47 11.2 Termination of Certain Services Agreement 47 11.3 Manner and Contracts; Transition Matters 58 Section 5.7 Effect of Termination 47 11.4 Non-Disclosure of Information 47 11.5 Bulk Sales 48 11.6 Contents of Agreement, Parties in Interest, Assignment 48 11.7 Severability 48 11.8 Counterparts 48 11.9 Interpretation 48 11.10 Governing Law 49 11.11 Payment of Fees and Expenses 49 11.12 Notice 49 11.13 Additional Agreements 50 ACQUISITION AGREEMENT THIS ACQUISITION AGREEMENT (the Agreement ) is made this 18th day of December, 1996, by and between ESCO Electronics Corporation, a Missouri corporation ( Buyer ), and Schawk, Inc., a Delaware corporation ( Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE ). Defined terms are set forth in Article I. RECITALS A. The Buyer Companies desire to purchase from Seller and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period other Seller Group Persons the Purchased Assets and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions assume the Assumed Liabilities, on the following terms and conditions. B. Seller and the other Seller Group Persons desire to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by sell to the Buyer 74 Section 7.4 Certain Limitations Companies the Purchased Assets and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78to assign to the Buyer Companies the Assumed Liabilities, on the following terms and conditions.

Appears in 1 contract

Samples: Acquisition Agreement (Esco Electronics Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 19 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer 19 Section 4.2 Authority and Enforceability 45 4.02 Non-Contravention 20 Section 4.3 Noncontravention 46 4.03 Governmental Consents 20 Section 4.4 4.04 Investment Purpose 20 Section 4.05 Sufficiency of Funds 20 Section 4.06 Legal Proceedings 46 20 Section 4.5 Compliance with Laws 46 4.07 Sole Participant 20 TABLE OF CONTENTS (continued) Page Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 4.08 C Corporation Status 20 ARTICLE V COVENANTS 48 21 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.01 Conduct of Business Pending Prior to the Closing 56 21 Section 5.6 Termination 5.02 Access to Information 21 Section 5.03 Shareholder Meeting; Proxy Material 21 Section 5.04 No Solicitation of Other Bids 22 Section 5.05 Notice of Certain Services Events 24 Section 5.06 Resignations 24 Section 5.07 Non-Competition; Non-Solicitation; Buyer Standstill 24 Section 5.08 Governmental Approvals and Contracts; Transition Matters 58 Consents 26 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE 5.09 Books and NEPOOL Matters 66 Records 27 Section 5.10 Post-Closing Operations 67 Conditions 28 Section 5.11 Post-Closing Environmental Matters 67 Public Announcements 28 Section 5.12 Transfer TaxesEmployees; Expenses 67 Benefit Plans 28 Section 5.13 Tax Matters 67 Seller Due Diligence 28 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 28 ARTICLE VI CONDITIONS TO CLOSING 71 TAX MATTERS 29 Section 6.1 Buyer’s Conditions to Closing 71 6.01 Tax Covenants 29 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 6.02 Termination of Existing Tax Sharing Agreements 30 Section 7.1 Survival 74 6.03 Straddle Period 30 Section 7.2 Indemnification by Seller 74 6.04 Responsibility for Tax Audits and Contests 31 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax 6.05 Treatment of Indemnification Payments 7831 Section 6.06 Survival 31 Section 6.07 Conflict 31 Section 6.08 Cooperation and Exchange of Information 31 Section 6.09 Section 338(h)(10) Election 31 ARTICLE VII CONDITIONS TO CLOSING 32 Section 7.01 Conditions to Obligations of All Parties 32 Section 7.02 Conditions to Obligations of Buyer 33 Section 7.03 Conditions to Obligations of Seller 34 TABLE OF CONTENTS (continued) Page ARTICLE VIII INDEMNIFICATION 35 Section 8.01 Survival 35 Section 8.02 Indemnification by Seller 35 Section 8.03 Indemnification by Buyer 36 Section 8.04 Indemnification Procedures 36 Section 8.05 Exclusive Remedies 37 ARTICLE IX TERMINATION 38 Section 9.01 Termination 38 Section 9.02 Effect of Termination 39 ARTICLE X MISCELLANEOUS 39 Section 10.01 Expenses 39 Section 10.02 Notices 40 Section 10.03 Interpretation 41 Section 10.04 Headings 41 Section 10.05 Severability 41 Section 10.06 Entire Agreement 41 Section 10.07 Successors and Assigns 41 Section 10.08 No Third-Party Beneficiaries 41 Section 10.09 Amendment and Modification; Waiver 42 Section 10.10 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial 42 Section 10.11 Equitable Remedies 43 Section 10.12 Attorneys’ Fees 43 Section 10.13 Cumulative Remedies 43 Section 10.14 Time of the Essence 43 Section 10.15 Counterparts 43 EXHIBITS Exhibit A Guaranty and Covenant Agreement Exhibit B Promissory Note TABLE OF CONTENTS (continued) Page SELLER DISCLOSURE AND EXCEPTION SCHEDULES Schedule 2.06 Collateral Agreements Schedule 3.05 Consents Schedule 3.08 Tax Matters Schedule 3.09 Seller not a Creditor of, or Debtor to, the Companies Schedule 3.10 Benefit Plans STOCK PURCHASE AGREEMENT This Stock Purchase Agreement (this “Agreement”), dated as of December 26, 2018 (the “Effective Date”), is entered into among Leveling 8 Inc, an Oklahoma corporation (“Buyer”) and ADDvantage Technologies Group, Inc., an Oklahoma corporation (“Seller”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Addvantage Technologies Group Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 29 Section 4.1 7.1 Organization and Existence 45 Qualification 29 Section 4.2 Authority and 7.2 Authority; Enforceability 45 30 Section 4.3 Noncontravention 46 7.3 No Conflict 30 Section 4.4 Legal Proceedings 46 Section 4.5 7.4 Compliance with Laws 46 Law 30 Section 4.6 Brokers 46 7.5 Litigation 30 Section 4.7 Availability 7.6 No Broker 31 Section 7.7 Sufficiency of Funds 46 31 Section 4.8 Qualified Buyer 47 7.8 Solvency 31 Section 4.9 Governmental Approvals 47 7.9 Investment Purpose 31 Section 4.10 WARN Act 47 7.10 No Reliance 32 Article VIII COVENANTS 32 Section 4.11 Independent Investigation 47 8.1 Further Assurances 32 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 8.2 Restrictive Covenants 32 Section 5.1 Closing Conditions 48 8.3 Public Announcements 33 Section 5.2 Notices, Consents8.4 Expenses 34 Section 8.5 Related Party Agreements 34 Section 8.6 R&W Insurance Policy 34 Section 8.7 Cooperation; Approvals 48 Consents 35 Section 5.3 Assigned Contracts 51 8.8 Disclosure Supplements 35 Section 5.4 Access of Buyer and Seller 54 8.9 Transitional Matters 35 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 8.10 Employee Matters 60 35 Section 5.9 ISO-NE 8.11 Inventory 36 Section 8.12 Books and NEPOOL Matters 66 Records 36 Section 5.10 Post-Closing Operations 67 8.13 Release of Encumbrances 36 Article IX SURVIVAL AND INDEMNIFICATION 36 Section 5.11 Post-Closing Environmental Matters 67 9.1 Survival 36 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 9.2 Indemnification by Seller 74 37 Section 7.3 9.3 Indemnification by Buyer 74 37 Section 7.4 Certain 9.4 Indemnification Procedure 38 Section 9.5 Mitigation; Cooperation. 38 Section 9.6 Limitations on Indemnity Payments 39 Table of Contents (continued) Page Section 9.7 Sole Remedy 40 Article X TERMINATION 40 Section 10.1 Termination 40 Section 10.2 Effect of Termination 42 Article XI TAX MATTERS 42 Section 11.1 Tax Returns 42 Section 11.2 Straddle Periods 42 Section 11.3 Cooperation 43 Section 11.4 Transfer Taxes 43 Section 11.5 Tax Proceedings 44 Section 11.6 Refunds 45 Section 11.7 Election Code 45 Article XII MISCELLANEOUS 45 Section 12.1 Amendment and Provisions 75 Waiver 45 Section 7.5 Indemnification Procedures 77 12.2 Notices 45 Section 7.6 Tax Treatment 12.3 Assignment 46 Section 12.4 Severability 46 Section 12.5 Interpretation. 47 Section 12.6 Entire Agreement 47 Section 12.7 Counterparts 47 Section 12.8 Governing Law; Waiver of Indemnification Payments 78Jury Trial 48 Section 12.9 Specific Performance 48 Section 12.10 No Third-Party Beneficiaries 48 Section 12.11 Entire Agreement 48 STOCK PURCHASE AGREEMENT This Stock Purchase Agreement (this “Agreement”) is dated as of October 3, 2023 (the “Effective Date”), by and among LV Holding, LLC, a California limited liability company (“Buyer”), TLA Acquisition Corp., a Delaware corporation (“TLA” or “Company”), and Playboy Enterprises, Inc., a Delaware corporation (“Seller”), each a “Party” and collectively, the “Parties”.

Appears in 1 contract

Samples: Stock Purchase Agreement (PLBY Group, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 34 Section 4.1 Organization 7.1 Existence, Good Standing and Existence 45 Power 34 Section 4.2 7.2 Authority 34 Section 7.3 Execution and Enforceability 45 Binding Effect 34 Section 4.3 Noncontravention 7.4 No Violation 35 Section 7.5 Third Party Approvals 35 Section 7.6 Brokers and Finders 35 Section 7.7 Acquisition of Securities for Investment 35 Section 7.8 Financing 35 Section 7.9 Litigation 36 Section 7.10 Ability to Conduct the Business 36 ARTICLE VIII COVENANTS OF THE PARTIES 36 Section 8.1 Conduct of Business 36 Section 8.2 Schedule of Assets Used in the Business 37 Section 8.3 Access 39 Section 8.4 Reasonable Efforts 40 Section 8.5 Further Assurances; Confidentiality 41 Section 8.6 Mail and Other Post-Closing Inquiries 42 Section 8.7 Tax Filings 42 Section 8.8 HSR Act 42 Section 8.9 Rejected Contracts and Licenses 43 Section 8.10 Post-Closing Access to Records and Personnel 43 Section 8.11 Intellectual Property 43 Section 8.12 Daily Capital Statements 44 Section 8.13 Service 44 Section 8.14 U.S. Tax Classification of the Purchased Entities 44 Section 8.15 Group Relief 44 Section 8.16 Document Preservation 44 Section 8.17 Employees 44 Section 8.18 Non-Compete and Wind Down 46 TABLE OF CONTENTS (continued) Page Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 8.19 Additional Sellers 47 Section 4.9 Governmental Approvals 8.20 Operations 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 8.21 Agent for Excepted Accounts 47 ARTICLE V COVENANTS IX CONDITIONS TO OBLIGATIONS OF THE PARTIES 48 Section 5.1 Closing 9.1 Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Precedent to Obligations of Buyer and Seller the Sellers 48 Section 9.2 Conditions Precedent to Obligations of Buyer 49 Section 9.3 Conditions Precedent to the Obligations of the Sellers 52 ARTICLE X TERMINATION 53 Section 10.1 Termination of Agreement 53 Section 10.2 Liabilities in Event of Termination 54 Section 5.5 Conduct 10.3 Termination by Reason of Business Pending Buyer Failure to Close 54 ARTICLE XI INDEMNIFICATION 55 Section 11.1 Survival 55 Section 11.2 Indemnification of Buyer by the Closing Sellers 56 Section 5.6 Termination 11.3 Notice of Certain Services and Contracts; Transition Matters Claim 57 Section 11.4 Resolution of Notice of Claim 58 ARTICLE XII MISCELLANEOUS 58 Section 5.7 Seller Marks 12.1 Expenses 58 Section 12.2 Assignment 58 Section 12.3 Parties in Interest 59 Section 5.8 Employee Matters 12.4 Notices 59 Section 12.5 Choice of Law 60 Section 12.6 Entire Agreement: Amendments and Waivers 60 Section 12.7 Counterparts 60 Section 12.8 Invalidity 60 Section 12.9 Headings 61 Section 12.10 Exclusive Jurisdiction 61 Section 12.11 Specific Performance 61 Section 12.12 Counting 61 Section 12.13 Exhibits and Schedules 61 Section 12.14 Interpretation 61 Section 12.15 Preparation of this Agreement 62 Section 12.16 Purchase Price Allocation 62 Section 12.17 Bankruptcy Court Approval 62 TABLE OF CONTENTS (continued) Exhibits: Exhibit A Form of Statement of Segregation Requirements and Funds in Segregation for Customers Trading in U.S. Commodity Exchanges Exhibit B [RESERVED] Exhibit C [RESERVED] Exhibit D Form of Bill of Sale, Assignment and Assumption Agreement Exhibit E Escrow Agreement Exhibit F Regulatory Accounting Reports Exhibit G Margin Policies Schedules: Schedule 2.2(a) Acquired Assets Schedule 2.2(b) Excluded Assets Schedule 2.2(d) Excluded Liabilities Schedule 2.6 Intellectual Property Not Related to the Business Schedule 2.7 Certain Leases Schedule 3.2 Deferred Purchase Payment Amount Guidelines Schedule 5.1 Organizational Documents of the Sellers Schedule 5.2 Capitalization Schedule 5.5 No Violation Schedule 5.7 Third Party Approvals Schedule 5.9 ISOTaxes Schedule 5.11 Inter-NE Company Debt Schedule 5.13(a) Title to Acquired Assets; Condition of Acquired Assets Schedule 5.13(b) Exchange Seats Schedule 5.14 Sufficiency of Acquired Assets Schedule 5.16 Employee Benefits Schedule 5.17 Intellectual Property Schedule 5.18 Customer Accounts; Reports; Registrations; Regulations Schedule 5.19 Affiliate Transactions Schedule 5.21(b) Special Commission Arrangements Schedule 5.21(d) Special Commission Agreements (Give-Up) Schedule 5.21(e) Material Contracts Schedule 5.21(f) Contract Status Schedule 7.5 Third Party Approvals (Buyer) Schedule 7.6 Brokers and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Finders Schedule Modifications During 9.2(j) Key Employees ACQUISITION AGREEMENT This ACQUISITION AGREEMENT, dated as of November , 2005, is by and among Man Financial Inc., a Delaware corporation (“Buyer”), Refco Inc., a Delaware corporation (“Parent”), Refco Group Ltd., LLC, a Delaware limited liability company (“RGL”), Refco Global Futures, LLC, a Delaware limited liability company (“Refco Global Futures”), Refco Global Holdings, LLC (“Refco Global Holdings”), Refco LLC, a Delaware limited liability company (the Interim Period “Company”), Refco Overseas Ltd, a United Kingdom company (“Refco Overseas”), Refco Canada Co., a Canadian company (“Refco Canada”), Refco (Singapore) Pte. Ltd., a Singapore corporation (“Refco Singapore”), Refco Investment Services Pte. Ltd., a Singapore corporation (“RIS”), Refco Hong Kong Ltd., a Hong Kong corporation (“Refco Hong Kong”), Refco Capital Markets, Ltd., a corporation organized under the Laws of Bermuda (“RCM”), Refco Fixed Assets Management LLC, a Delaware limited liability company (“RFAM”), Refco Securities, LLC, a Delaware limited liability corporation (“Refco Securities”), Refco Taiwan, Ltd., a corporation organized under the Laws of Taiwan (“Refco Taiwan,” and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations collectively with RGL, Refco Global Futures, Refco Global Holdings, the Company, Refco Overseas, Refco Canada, Refco Singapore, RIS, Refco Hong Kong, RCM, RFAM, Refco Securities and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78any other Person that may hereafter become party hereto as a seller, the “Sellers”).

Appears in 1 contract

Samples: Acquisition Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 17 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer 17 Section 4.2 Authority and Enforceability 45 4.02 No Conflicts; Consents 17 Section 4.3 Noncontravention 46 4.03 Reserved Error! Bookmark not defined. Section 4.4 4.04 Brokers 18 Section 4.05 Sufficiency of Funds 18 Section 4.06 Legal Proceedings 46 18 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 4.07 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 18 ARTICLE V COVENANTS 48 19 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.01 Conduct of Business Pending Prior to the Closing 56 19 Section 5.6 Termination of Certain Services 5.02 Access to Information 19 Section 5.03 Supplement to Disclosure Schedules 19 Section 5.04 [Reserved] 20 Section 5.05 Employees; Benefit Plans 20 Section 5.06 [Reserved] 21 Section 5.07 Director and Contracts; Transition Matters 58 Officer Indemnification and Insurance. 21 Section 5.7 Seller Marks 59 5.08 Confidentiality 21 Section 5.8 Employee Matters 60 Section 5.9 ISO5.09 Governmental Approvals and Other Third-NE and NEPOOL Matters 66 party Consents 22 Section 5.10 Post-Closing Operations 67 Books and Records 23 Section 5.11 Post-Closing Environmental Matters 67 Conditions 23 Section 5.12 Transfer Taxes; Expenses 67 Public Announcements 23 Section 5.13 Tax Matters 67 Further Assurances 23 Section 5.14 Further Assurances 68 Transfer Taxes 24 Securities Purchase Agreement AFT-Hungary Kft. Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 [Reserved] 24 ARTICLE VI CONDITIONS TO CLOSING 71 24 Section 6.1 Buyer’s 6.01 Conditions to Closing 71 Obligations of All Parties 24 Section 6.2 Seller’s 6.02 Conditions to Closing 73 Obligations of Buyer 24 Section 6.03 Conditions to Obligations of Seller 25 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 INDEMNIFICATION 27 Section 7.1 7.01 Survival 74 27 Section 7.2 7.02 Indemnification by By Seller 74 27 Section 7.3 7.03 Indemnification by By Buyer 74 27 Section 7.4 7.04 Certain Limitations and Provisions 75 27 Section 7.5 7.05 Indemnification Procedures 77 28 Section 7.6 7.06 Tax Treatment of Indemnification Payments 7830 Section 7.07 Exclusive Remedies 30 ARTICLE VIII TERMINATION 30 Section 8.01 Termination 30 Section 8.02 Effect of Termination 31 ARTICLE IX MISCELLANEOUS 31 Section 9.01 Expenses 31 Section 9.02 Notices 31 Section 9.03 Interpretation 32 Section 9.04 Disclosure Schedules 32 Section 9.05 Headings 33 Section 9.06 Severability 33 Section 9.07 Entire Agreement 33 Section 9.08 Successors and Assigns 33 Section 9.09 No Third-Party Beneficiaries 33 Section 9.10 Amendment and Modification; Waiver 34 Section 9.11 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial 34 Section 9.12 Specific Performance. 35 Section 9.13 Counterparts 35 Section 9.14 Conflict Waiver; Attorney-Client Privilege. 35 Section 9.15 Non-recourse. 36 SECURITIES PURCHASE AGREEMENT This Securities Purchase Agreement (this “Agreement”), dated as of , 2021, is entered into between ARC Group Worldwide, Inc., a Utah corporation (“Seller”) and The Best Investments Kft., a Korlátolt Felelősségű Társaság (limited liability company) organized under the laws of Hungary (“Buyer”).

Appears in 1 contract

Samples: Securities Purchase Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 29 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer 29 Section 4.2 Authority and Enforceability 45 4.02 No Conflicts; Consents 29 Section 4.3 Noncontravention 46 4.03 Investment Purpose 29 Section 4.4 4.04 Brokers 30 Section 4.05 Legal Proceedings 46 30 ARTICLE 5 COVENANTS 30 Section 4.5 Compliance with Laws 46 5.01 Pre-Closing Covenants 30 PR01/ 1485553.8 TABLE OF CONTENTS (continued) Page Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 5.02 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Covenants 32 ARTICLE VI 6 CONDITIONS TO CLOSING 71 36 Section 6.1 Buyer’s 6.01 Conditions to Closing 71 Obligations of All Parties 36 Section 6.2 Seller’s 6.02 Conditions to Closing 73 Obligations of Buyer 36 Section 6.03 Conditions to Obligations of Sellers and GAA 38 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 7 INDEMNIFICATION 39 Section 7.1 7.01 Survival 74 39 Section 7.2 7.02 Indemnification by Seller 74 Sellers 40 Section 7.3 7.03 Indemnification by Buyer 74 40 Section 7.4 7.04 Certain Limitations and Provisions 75 40 Section 7.5 7.05 Indemnification Procedures 77 41 Section 7.6 7.06 Tax Treatment of Indemnification Payments 7843 Section 7.07 Effect of Investigation 43 Section 7.08 Exclusive Remedies 43 Section 7.09 Insurance 43 Section 7.10 Mitigation 43 Section 7.11 Sellers’ Representative 43 ARTICLE 8 TERMINATION 45 Section 8.01 Termination 45 Section 8.02 Effect of Termination 46 ARTICLE 9 MISCELLANEOUS 46 Section 9.01 Publicity 46 Section 9.02 Expenses 46 Section 9.03 Notices 47 Section 9.04 Interpretation 48 Section 9.05 Headings 48 Section 9.06 Severability 48 Section 9.07 Entire Agreement 48 Section 9.08 Successors and Assigns 49 Section 9.09 No Third-Party Beneficiaries 49 Section 9.10 Amendment and Modification; Waiver 49

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (GAIN Capital Holdings, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 13 Section 4.1 Organization 4.01. Formation and Existence 45 Authority of Buyer 13 Section 4.2 Authority 4.02. No Conflict 13 Section 4.03. Consents and Enforceability 45 Approvals 14 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 4.04. Absence of Restraints; Compliance with Laws 46 14 Section 4.6 4.05. Securities Matters 14 Section 4.06. Brokers 46 15 Section 4.7 Availability 4.07. Licensability of Funds 46 Principals 15 Section 4.8 Qualified Buyer 47 4.08. Exclusivity of Representations and Warranties 15 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 4.09. Survival 16 ARTICLE V COVENANTS 48 ADDITIONAL AGREEMENTS 16 Section 5.1 5.01. Conduct Prior to the Closing 16 Section 5.02. Access to Information 17 Section 5.03. Confidentiality 17 Section 5.04. Regulatory and Other Authorizations 17 Section 5.05. Cooperation 20 Section 5.06. Casualty and Condemnation 21 Section 5.07. Prorations 21 Section 5.08. Pre-Closing Reorganization 21 Section 5.09. Title, Survey and Zoning 21 Section 5.10. Lien Release 22 Section 5.11. Additional Transaction Documents 22 Section 5.12. Gaming Matters 23 Section 5.13. “As Is” Sale 23 ARTICLE VI TAX MATTERS 24 Section 6.01. Tax Returns; Tax Proceedings 24 Section 6.02. Transfer Taxes; Allocation 27 Section 6.03. Tax Treatment 27 Section 6.04. Tax Treatment of Payments 27 ARTICLE VII CONDITIONS TO CLOSING 27 Section 7.01. Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access to Obligations of Buyer and Seller 54 27 Section 5.5 Conduct 7.02. Conditions to the Obligations of Business Pending the Seller 28 Section 7.03. Conditions to Obligations of Buyer 28 Section 7.04. Frustration of Closing 56 Conditions 29 Section 5.6 7.05. Waiver of Closing Conditions 29 ARTICLE VIII TERMINATION 30 Section 8.01. Termination 30 Section 8.02. Notice of Certain Services Termination 31 Section 8.03. Effect of Termination 31 ARTICLE IX MISCELLANEOUS 31 Section 9.01. Survival; Indemnification 31 Section 9.02. Rules of Construction 33 Section 9.03. Expenses 34 Section 9.04. Notices 35 Section 9.05. Public Announcements 35 Section 9.06. Severability 36 Section 9.07. Assignment 36 Section 9.08. No Third-Party Beneficiaries 36 Section 9.09. Entire Agreement 36 Section 9.10. Amendments 37 Section 9.11. Waiver 37 Section 9.12. Governing Law 37 Section 9.13. Dispute Resolution; Consent to Jurisdiction 37 Section 9.14. Waiver of Jury Trial 38 Section 9.15. Admissibility into Evidence 38 Section 9.16. Remedies; Specific Performance 38 Section 9.17. Non-Recourse 39 Section 9.18. Interest 39 Section 9.19. Disclosure Schedules and Contracts; Transition Matters 58 Exhibits 39 Section 5.7 Seller Marks 59 9.20. Provision Respecting Legal Representation 40 Section 5.8 Employee Matters 60 9.21. Privilege 40 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post9.22. Counterparts 41 EXHIBITS Exhibit A Definitions Exhibit B Master Lease Agreement Exhibit C Trust Agreement Exhibit D Assignment of Membership Interests Agreement Exhibit E Quitclaim Deed Exhibit F Pre-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During Reorganization Exhibit G Title Commitment Exhibit H Existing Survey Exhibit I Zoning Report Exhibit J Memo of Lease Exhibit K Xxxx of Sale This EQUITY PURCHASE AGREEMENT (the Interim Period “Agreement”), dated as of February 14, 2022 (the “Agreement Date”), is made by and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 between XXXX MA, LLC, a Nevada limited liability company (“Seller”), and REALTY INCOME CORPORATION, a Maryland corporation (“Buyer’s Conditions to Closing 71 Section 6.2 ” and together with Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations , the “Parties,” and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78each individually, a “Party”).

Appears in 1 contract

Samples: Equity Purchase Agreement (Wynn Resorts LTD)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 35 Section 3.1 Organization and Good Standing 35 Section 3.2 Authorization and Enforceability; No Conflict 35 Section 3.3 Investment Intent 36 Section 3.4 Financing 36 Section 3.5 Solvency 36 Section 3.6 Inspection 36 Section 3.7 Broker’s Fees 36 Section 3.8 No Reliance 36 ARTICLE 4 37 COVENANTS AND AGREEMENTS 37 Section 4.1 Organization and Existence 45 Conduct Pending Closing 37 Section 4.2 Authority and Enforceability 45 Access to Information; Due Diligence Period 40 Section 4.3 Noncontravention 46 Efforts; Notice; Further Assurances 41 Section 4.4 Legal Proceedings 46 Restrictive Covenants 42 Section 4.5 Compliance with Laws 46 Public Announcements 44 Section 4.6 Brokers 46 [Intentionally Omitted] 44 Section 4.7 Availability of Funds 46 Pay-off Letters 44 Section 4.8 Qualified Buyer 47 Records Retention 44 Section 4.9 Governmental Approvals 47 Certain Tax Matters 44 Section 4.10 WARN Act 47 Employment and Employee Benefit Matters 50 Section 4.11 Independent Investigation 47 Insurance 52 Section 4.12 Disclaimer Regarding Projections 47 Releases 52 Section 4.13 Indemnification and Insurance 53 Section 4.14 [Intentionally Omitted] 54 Section 4.15 Sellers’ Representative 54 ARTICLE V COVENANTS 48 5 CONDITIONS TO OBLIGATION TO CLOSE 55 Section 5.1 Closing Conditions 48 to Obligation of Buyer 55 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Conditions to Obligation of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters Sellers 57 ARTICLE 6 TERMINATION 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Termination Events 58 Section 6.2 Seller’s Conditions to Closing 73 Effect of Termination 59 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 7 INDEMNIFICATION 59 Section 7.1 Survival 74 59 Section 7.2 Indemnification and Reimbursement by Seller 74 Sellers 60 Section 7.3 Indemnification and Reimbursement by Buyer 74 60 Section 7.4 Certain Limitations and Provisions 75 60 Section 7.5 Indemnification Procedures 77 63 Section 7.6 Tax Treatment Source of Indemnification Payments 78Payment 65 Section 7.7 Adjusted Purchase Price 65 Section 7.8 Exclusive Remedy 65 ARTICLE 8 DEFINITIONS 65

Appears in 1 contract

Samples: Stock and Membership Interest Purchase Agreement (CST Brands, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 19 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer 20 Section 4.2 Authority and Enforceability 45 4.02 No Conflicts; Consents 20 Section 4.3 Noncontravention 46 4.03 Investment Purpose 20 Section 4.4 4.04 Brokers 20 Section 4.05 Status 21 Section 4.06 Legal Proceedings 46 21 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability 4.07 No Knowledge of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Misrepresentations or Omissions 21 ARTICLE V COVENANTS 48 21 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.01 Conduct of Business Pending Prior to the Closing 56 21 Section 5.6 5.02 Pre-Closing Payments 22 Section 5.03 Access to Information 23 Section 5.04 No Solicitation of Other Bids 23 Section 5.05 Notice of Certain Events 24 Section 5.06 Resignations 24 Section 5.07 Confidentiality 24 Section 5.08 Governmental Approvals and Consents 25 Section 5.09 HSR; Government Consents 26 Section 5.10 HSR Commercially Reasonable Efforts 27 Section 5.11 Books and Records 28 Section 5.12 Company Name Changes 28 Section 5.13 WARN Act Compliances 28 Section 5.14 Closing Conditions 29 Section 5.15 Public Announcements 29 Section 5.16 Further Assurances 29 Section 5.17 Acknowledgement and Acceptance of Disclaimer of Implied Warranties 29 Section 5.18 Investigation and Agreement by Buyer; No Other Representations or Warranties 29 ARTICLE VI TAX MATTERS 30 Section 6.01 Tax Covenants 30 ii TABLE CONTENTS (continued) Page Section 6.02 Termination of Certain Services Existing Tax Sharing Agreements 31 Section 6.03 Tax Indemnification 31 Section 6.04 Straddle Period 31 Section 6.05 Contests 32 Section 6.06 Cooperation and Contracts; Transition Matters 58 Exchange of Information 32 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 6.07 Tax Treatment of Indemnification Payments 7833 Section 6.08 Survival 33 Section 6.09 35 Section 6.10 Purchase Price Allocation 33 Section 6.11 Overlap 34 ARTICLE VII CONDITIONS TO CLOSING 35 Section 7.01 Conditions to Obligations of All Parties 35 Section 7.02 Conditions to Obligations of Buyer 35 Section 7.03 Conditions to Obligations of Seller 38 ARTICLE VIII INDEMNIFICATION 40 Section 8.01 Survival 40 Section 8.02 Indemnification By Seller 40 Section 8.03 Indemnification By Buyer 41 Section 8.04 Certain Limitations 41 Section 8.05 Indemnification Procedures 42 Section 8.06 Payments 44 Section 8.07 Tax Treatment of Indemnification Payments 44 Section 8.08 Effect of Investigation 44 Section 8.09 Exclusive Remedies 44 ARTICLE IX TERMINATION 45 Section 9.01 Termination 45 Section 9.02 Effect of Termination 46 TABLE CONTENTS (continued) Page ARTICLE X MISCELLANEOUS 47 Section 10.01 Expenses 47 Section 10.02 Notices 47 Section 10.03 Interpretation 48 Section 10.04 Headings 48 Section 10.05 Severability 48 Section 10.06 Entire Agreement 48 Section 10.07 Successors and Assigns 49 Section 10.08 No Third-party Beneficiaries 49 Section 10.09 Amendment and Modification; Waiver 49

Appears in 1 contract

Samples: Membership Interest Purchase Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 AND BUYER BANK 30 Section 4.1 Organization 4.01 Making of Representations and Existence 45 Warranties 30 Section 4.2 4.02 Organization, Standing and Authority and Enforceability 45 30 Section 4.3 Noncontravention 46 4.03 Capital Stock 31 Section 4.4 Legal Proceedings 46 4.04 Corporate Power 31 Section 4.5 4.05 Corporate Authority 31 Section 4.06 SEC Documents; Other Reports 31 Section 4.07 Financial Statements 32 Section 4.08 Regulatory Approvals; No Defaults 32 Section 4.09 Proxy Statement-Prospectus Information; Registration Statement 33 Section 4.10 Absence of Certain Changes or Events 33 Section 4.11 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 33 Section 4.12 Disclaimer Regarding Projections 47 Brokers 33 Section 4.13 Tax Matters 34 Section 4.14 Regulatory Capitalization 34 Section 4.15 No Financing 34 ARTICLE V COVENANTS 48 34 Section 5.1 Closing Conditions 48 5.01 Covenants of Company 34 Section 5.2 Notices, Consents5.02 Covenants of Buyer 39 Section 5.03 Commercially Reasonable Efforts 39 Section 5.04 Shareholder Approval 40 Section 5.05 Registration Statement; Approvals 48 Proxy Statement-Prospectus; Nasdaq Listing; Deposit of Aggregate Cash Consideration 40 Section 5.3 Assigned Contracts 5.06 Regulatory Filings; Consents 42 Section 5.07 Publicity 43 Section 5.08 Access; Information 43 Section 5.09 No Solicitation by Company; Superior Proposals 43 Section 5.10 Indemnification 46 Section 5.11 Employees; Benefit Plans 47 Section 5.12 Notification of Certain Changes 49 Section 5.13 Current Information 50 Section 5.14 Board Packages 50 Section 5.15 Transition; Informational Systems Conversion 50 Section 5.16 Access to Customers and Suppliers 50 Section 5.17 Environmental Assessments 51 Section 5.4 Access of 5.18 Certain Litigation 51 Section 5.19 Director Resignations 52 Section 5.20 Coordination 52 Section 5.21 Transactional Expenses 53 Section 5.22 Assumption by Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Obligations 53 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 5.23 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 54 ARTICLE VI CONDITIONS TO CLOSING CONSUMMATION OF THE MERGER 54 Section 6.01 Conditions to Obligations of the Parties to Effect the Merger 54 Section 6.02 Conditions to Obligations of Company 55 Section 6.03 Conditions to Obligations of Buyer 56 Section 6.04 Frustration of Closing Conditions 57 ARTICLE VII TERMINATION 57 Section 7.01 Termination 57 Section 7.02 Termination Fee; Liquidated Damages 58 Section 7.03 Effect of Termination 59 ARTICLE VIII DEFINITIONS 59 Section 8.01 Definitions 59 ARTICLE IX MISCELLANEOUS 70 Section 9.01 Survival 70 Section 9.02 Waiver; Amendment 70 Section 9.03 Governing Law; Waiver 70 Section 9.04 Expenses 71 Section 6.1 Buyer’s Conditions to Closing 9.05 Notices 71 Section 6.2 Seller’s Conditions to Closing 9.06 Entire Understanding; No Third Party Beneficiaries 72 Section 9.07 Severability 72 Section 9.08 Enforcement of the Agreement 72 Section 9.09 Interpretation 72 Section 9.10 Assignment 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS Section 9.11 Counterparts 73 Exhibit A – Form of Voting Agreement Exhibit B – Form of Non-Competition Agreement AGREEMENT AND PLAN OF LIABILITY MERGER This AGREEMENT AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification PLAN OF MERGER (this “Agreement”) is dated as of January 30, 2014, by Seller 74 Section 7.3 Indemnification by and among Bank of the Ozarks, Inc., an Arkansas corporation with its principal office in Little Rock, Arkansas (“Buyer”), Bank of the Ozarks, an Arkansas state banking corporation with its principal office in Little Rock, Arkansas and a wholly-owned subsidiary of Buyer 74 Section 7.4 Certain Limitations (“Buyer Bank”), Summit Bancorp, Inc., an Arkansas corporation with its principal office in Arkadelphia, Arkansas (“Company”) and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Summit Bank, an Arkansas state banking corporation and wholly-owned subsidiary of Indemnification Payments 78Company (“Company Bank”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bank of the Ozarks Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 30 Section 5.01 Making of Representations and Warranties 30 Section 5.02 Organization, Standing and Authority of Buyer 30 Section 5.03 Organization, Standing and Authority of Buyer Bank 30 Section 5.04 Buyer Capital Stock 31 Section 5.05 Subsidiaries 31 Section 5.06 Corporate Power; Minute Books 31 Section 5.07 Corporate Authority 31 Section 5.08 Regulatory Approvals; No Defaults 31 Section 5.09 Financial Statements 32 Section 5.10 Absence of Certain Changes or Events 33 Section 5.11 Financial Controls and Procedures 33 Section 5.12 Regulatory Matters 33 Section 5.13 Legal Proceedings 34 Section 5.14 Compliance With Laws 34 Section 5.15 Brokers 35 Section 5.16 Tax Matters 35 Section 5.17 Financial Ability 35 Section 5.18 Buyer Stock 36 Section 5.19 Disclosure 36 ARTICLE VI COVENANTS 36 Section 6.01 Covenants of Bank 36 Section 6.02 Covenants of Buyer 39 Section 6.03 Reasonable Best Efforts 39 Section 6.04 Bank Shareholder Approval 40 Section 6.05 Merger Registration Statement; Proxy Statement/Prospectus 40 Section 6.06 Cooperation and Information Sharing 40 Section 6.07 Supplements or Amendment 41 Section 6.08 Regulatory Approvals 41 Section 6.09 Press Releases 41 Section 6.10 Access; Information 42 Section 6.11 No Solicitation by Bank 42 Section 6.12 Affiliate Agreements 43 Section 6.13 Certain Policies 44 Section 6.14 Indemnification 44 Section 6.15 Employees; Benefit Plans 45 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability 6.16 Notification of Funds 46 Section 4.8 Qualified Buyer Certain Changes 47 Section 4.9 Governmental Approvals 6.17 Current Information 47 Section 4.10 WARN Act 6.18 Board Packages 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents6.19 Transition; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Informational Systems Conversion 48

Appears in 1 contract

Samples: Agreement and Plan of Merger (New Hampshire Thrift Bancshares Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 35 Section 4.1 Organization 4.1Organization and Existence 45 35 Section 4.2 Authority 4.2Authority and Enforceability 45 35 Section 4.3 Noncontravention 46 4.3Noncontravention 35 Section 4.4 Legal 4.4Legal Proceedings 46 36 Section 4.5 Compliance 4.5Compliance with Laws 46 36 Section 4.6 Brokers 46 4.6Brokers 36 Section 4.7 Availability 4.7Availability of Funds 46 36 Section 4.8 Qualified 4.8Qualified Buyer 47 36 Section 4.9 Governmental 4.9Governmental Approvals 47 36 Section 4.10 WARN 4.10WARN Act 47 37 Section 4.11 Independent 4.11Independent Investigation 47 37 Section 4.12 Disclaimer 4.12Disclaimer Regarding Projections 47 ARTICLE V 37 Section 4.13Investment Purposes; No Distribution 37 COVENANTS 48 38 Section 5.1 Closing 5.1Closing Conditions 48 38 Section 5.2 Notices5.2Notices, Consents; Consents and Approvals 48 38 Section 5.3 Assigned 5.3Assigned Contracts 51 41 Section 5.4 Access 5.4Access of Buyer and Seller 54 42 Section 5.5 Conduct 5.5Conduct of Business Pending the Closing 56 45 Section 5.6 Termination 5.6Termination of Certain Services and Contracts; Transition Matters 58 47 Section 5.7 Seller 5.7Seller Marks 59 48 Section 5.8 Employee 5.8Employee Matters 60 48 Section 5.9 ISO5.9ISO-NE and NEPOOL Matters 66 53 Section 5.10 Post5.10Post-Closing Operations 67 53 Section 5.11 Post-Closing 5.11Discharge of Environmental Liabilities 53 Section 5.12Transfer Taxes 54 Section 5.13Tax Matters 67 54 Section 5.12 Transfer Taxes; Expenses 67 5.14Further Assurances 55 Section 5.13 Tax Matters 67 5.15Schedule Updates 55 Section 5.14 Further Assurances 68 5.16Casualty 56 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 5.17Condemnation 57 Section 5.16 Casualty 70 5.18Confidentiality 57 Section 5.17 Condemnation 70 5.19Public Announcements 57 Section 5.18 Confidentiality 71 5.20ARCO ROFR 57 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI 5.21Exclusivity 58 CONDITIONS TO CLOSING 71 58 Section 6.1 Buyer6.1Buyer’s Conditions to Closing 71 58 Section 6.2 Seller6.2Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7859

Appears in 1 contract

Samples: Purchase and Sale Agreement (Public Service Co of New Hampshire)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 4 Section 4.1 Organization 5.01. Organization, Qualification and Existence 45 Power and Authority 4 Section 4.2 Authority 5.02. Authority; Enforceability 4 Section 5.03. Noncontravention 4 Section 5.04. Required Governmental Consents and Enforceability 45 Approvals 4 Section 4.3 Noncontravention 46 5.05. Litigation 5 Section 4.4 Legal Proceedings 46 5.06. Solvency 5 Section 4.5 Compliance with Laws 46 5.07. Brokers' Fees 5 Section 4.6 Brokers 46 5.08. Disclosure 5 Section 4.7 Availability 5.09. No Additional Representations 5 Table of Funds 46 Contents (continued) Page ARTICLE VI COVENANTS 5 Section 4.8 Qualified 6.01. Preparation of Supporting Documents 5 ARTICLE VII CONDITIONS PRECEDENT; TERMINATION 6 Section 7.01. Conditions Precedent to the Obligations of the Buyer 47 6 Section 4.9 Governmental Approvals 47 7.02. Conditions Precedent to the Obligations of the Seller 6 Section 4.10 WARN Act 47 7.03. Termination by Seller 6 Section 4.11 Independent Investigation 47 7.04. Termination by Buyer 6 ARTICLE VIII DEFINITIONS 7 Section 4.12 Disclaimer Regarding Projections 47 8.01. Definitions 7 ARTICLE V COVENANTS 48 IX MISCELLANEOUS 8 Section 5.1 Closing Conditions 48 9.01. Survival 8 Section 5.2 Notices9.02. Costs 8 Section 9.03. Headings 8 Section 9.04. Amendment and Waiver 8 Section 9.05. Assignment 9 Section 9.06. Severability 9 Section 9.07. Complete Agreement 9 Section 9.08. Counterparts 9 Section 9.09. Governing Law; Specific Performance 9 Section 9.10. Notices 10 Section 9.11. Public Announcements 11 Section 9.12. Waiver of Jury Trial 11 SALE AND PURCHASE AGREEMENT This SALE AND PURCHASE AGREEMENT (this “Agreement”), Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access dated as of this 4th day of November, 2011, is made and entered into by and between PNM Resources, Inc., a New Mexico corporation (“Buyer”), and Cascade Investment, L.L.C., a Washington limited liability company (“Seller”). Buyer and Seller 54 Section 5.5 Conduct of Business Pending are sometimes individually referred to herein as a “Party” and collectively as the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78“Parties.”

Appears in 1 contract

Samples: Sale and Purchase Agreement (PNM Resources Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 29 Section 4.1 5.01 Organization and Existence 45 Authority of Buyer; Enforceability of Buyer 29 Section 4.2 Authority and Enforceability 45 5.02 No Conflicts; Consents 29 Section 4.3 Noncontravention 46 Section 4.4 5.03 Legal Proceedings 46 29 Section 4.5 Compliance with Laws 46 5.04 Brokers 30 ARTICLE VI COVENANTS 30 Section 4.6 Brokers 46 6.01 Public Announcements 30 Section 4.7 Availability of Funds 46 6.02 Transfer Taxes 30 Section 4.8 Qualified Buyer 47 6.03 Non-Competition and Confidentiality Agreement 30 Section 4.9 Governmental Approvals 47 6.04 Employment Matters 32 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents6.05 Commercially Reasonable Efforts; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 32 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 6.06 Business Communications 33 Section 5.16 Casualty 70 6.07 Release of Guarantees 33 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 6.08 Receivables 33 ARTICLE VII INDEMNIFICATIONINDEMNIFICATION 33 Section 7.01 Survival 33 Section 7.02 Indemnification 34 Section 7.03 Indemnity Holdback 36 Section 7.04 Procedures for Third Party Claims 36 Section 7.05 Procedures for Inter-Party Claims 37 Section 7.06 Cumulative Remedies 38 ARTICLE VIII MISCELLANEOUS 38 Section 8.01 Notices 38 Section 8.02 Expenses 39 Section 8.03 Governing Law; LIMITATIONS OF LIABILITY AND WAIVERS 74 Consent to Jurisdiction 39 Section 7.1 Survival 74 8.04 Assignment; Successors and Assigns; No Third Party Rights 40 Section 7.2 Indemnification 8.05 Counterparts; Facsimile 40 Section 8.06 Headings 40 Section 8.07 Entire Agreement 40 Section 8.08 Amendment and Modification 40 Section 8.09 Waiver 40 Section 8.10 Severability 40 Section 8.11 Joint Negotiation and Drafting 40 Section 8.12 Waiver of Trial by Seller 74 Jury 41 Section 7.3 Indemnification 8.13 Attorneys’ Fees 41 Section 8.14 Parent Guarantee 41 ASSET PURCHASE AGREEMENT This Asset Purchase Agreement (this “Agreement”), dated as of December 23, 2013, is entered into by Buyer 74 and among Mimio, LLC, a Delaware limited liability company (“Seller”), LAZEL, Inc., a Delaware corporation (“Buyer”), and, for purposes of Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 788.14 only, Cambium Learning Group, Inc., a Delaware corporation (“Parent”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Cambium Learning Group, Inc.)

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REPRESENTATIONS AND WARRANTIES OF BUYER. 45 9 Section 4.1 4.1. Buyer’s Organization 9 Section 4.2. Authorization 9 Section 4.3. Consents and Existence 45 Approvals 9 Section 4.2 Authority and Enforceability 45 4.4. No Violation 9 Section 4.3 Noncontravention 46 4.5. No Brokers or Finders 10 Section 4.4 Legal Proceedings 46 4.6. Financing 10 ARTICLE 5 COVENANTS OF THE PARTIES 10 Section 4.5 Compliance with Laws 46 5.1. Further Assurances 10 Section 4.6 Brokers 46 5.2. Permits 10 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.3. Conduct of Business Morrisville Facility Pending the Closing 56 10 Section 5.6 Termination 5.4. Consummation of Transaction 10 Section 5.5. Public Announcements 11 Section 5.6. Commonwealth of Pennsylvania Department of Revenue Bulk Sales Clearance 11 Section 5.7. Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 12 ARTICLE 6 CLOSING 14 Section 5.9 ISO-NE and NEPOOL Matters 66 6.1. Closing 14 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 6.2. Conditions to Buyer’s Obligation to Close 14 Section 6.3. Conditions to Closing 71 Section 6.2 Seller’s Conditions Obligation to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Close 15 Section 7.1 Survival 74 Section 7.2 Indemnification 6.4. Deliveries by Seller 74 15 Section 7.3 Indemnification 6.5. Deliveries by Buyer 74 16 ARTICLE 7 TERMINATION 17 Section 7.4 Certain Limitations and Provisions 75 7.1. Events Permitting Termination 17 Section 7.5 Indemnification Procedures 77 7.2. Effect of Termination 17 Section 7.6 Tax 7.3. Treatment of Down Payment 18 ARTICLE 8 INDEMNIFICATION 18 Section 8.1. Survival 18 Section 8.2. Indemnification Payments 7818 Section 8.3. Procedures for Claims 20 Section 8.4. Other Provisions. 22 Section 8.5. Environmental Matters. 22 ARTICLE 9 MISCELLANEOUS 24 Section 9.1. Notices 24 Section 9.2. General Definitions 25 Section 9.3. Entire Agreement; Amendment; Confidentiality Agreement 28 Section 9.4. Counterparts; Deliveries 28 Section 9.5. Third Parties 28 Section 9.6. Expenses 28 Section 9.7. Waiver 29 Section 9.8. Governing Law 29 Section 9.9. Assignments 29 Section 9.10. Headings 29 Section 9.11. Jurisdiction of Courts 29 Section 9.12. Waiver of Jury Trial 29 Section 9.13. Construction 30 Section 9.14. Knowledge 30 Section 9.15. Interpretive Matters 30 Section 9.16. Counterparts 30

Appears in 1 contract

Samples: Asset Purchase Agreement (Material Sciences Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 2 Section 4.1 6.1 Organization and Existence 45 Good Standing 2 Section 4.2 Authority and Enforceability 45 6.2 Authorization of Agreement 2 Section 4.3 Noncontravention 46 6.3 Financial Advisors 2 Section 4.4 Legal Proceedings 46 6.4 Financial Capability 2 Section 4.5 Compliance with Laws 46 6.5 Condition of the Business 2 ARTICLE VII BANKRUPTCY COURT APPROVAL 2 Section 4.6 Brokers 46 7.1 Competing Transaction 2 TABLE OF CONTENTS (Continued) Page Section 4.7 Availability 7.2 Bankruptcy Court Filing. 2 ARTICLE VIII COVENANTS. 2 Section 8.1 Access to Information 2 Section 8.2 Further Assurances. 2 Section 8.3 Confidentiality 2 Section 8.4 Preservation of Funds 46 Records 2 Section 4.8 Qualified 8.5 Publicity 2 Section 8.6 Operation of Business 2 ARTICLE IX CONDITIONS TO CLOSING 2 Section 9.1 Conditions Precedent to Obligations of Buyer 47 2 Section 4.9 Governmental Approvals 47 9.2 Conditions Precedent to Obligations of Sellers 2 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing 9.3 Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Precedent to Obligations of Buyer and Seller 54 Sellers 2 Section 5.5 Conduct 9.4 Frustration of Business Pending the Closing 56 Conditions 2 ARTICLE X NO SURVIVAL 2 Section 5.6 Termination 10.1 No Survival of Certain Services Representations and ContractsWarranties 2 ARTICLE XI TAX MATTERS. 2 Section 11.1 Transfer Taxes 2 Section 11.2 Prorations 2 Section 11.3 Purchase Price Allocation 2 ARTICLE XII MISCELLANEOUS 2 Section 12.1 Expenses 2 Section 12.2 Submission to Jurisdiction; Transition Matters 58 Consent to Service of Process 2 Section 5.7 Seller Marks 59 12.3 Waiver of Right to Trial by Jury 2 Section 5.8 Employee Matters 60 12.4 Entire Agreement; Amendments and Waivers 2 Section 5.9 ISO12.5 Governing Law 2 Section 12.6 Notices 2 Section 12.7 Severability 2 Section 12.8 Binding Effect; Assignment 2 Section 12.9 Counterparts 2 68781-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78002\DOCS_LA:195910.1 ii

Appears in 1 contract

Samples: Asset Purchase Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 22 Section 4.1 Organization 5.01 Incorporation and Existence 45 Authority of Buyer 22 Section 4.2 Authority 5.02 Qualification of Buyer 22 Section 5.03 No Conflict 22 Section 5.04 Consents and Enforceability 45 Approvals 23 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 5.05 Absence of Restraints; Compliance with Laws 46 23 Section 4.6 5.06 Securities Matters 23 Section 5.07 Financial Ability 24 Section 5.08 Brokers 46 25 Section 4.7 Availability of Funds 46 5.09 Solvency 25 Section 4.8 Qualified Buyer 47 5.10 Investigation; No Reliance 26 Article VI ADDITIONAL AGREEMENTS 27 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 6.01 Conduct of Business Pending Prior to the Closing 56 27 Section 5.6 6.02 Access to Information 29 Section 6.03 Records Preservation 31 Section 6.04 Confidentiality 32 Section 6.05 Regulatory and Other Authorizations; Consents 33 Section 6.06 Intercompany Agreements 35 Section 6.07 Intercompany Accounts; Termination of Certain Services and Affiliate Contracts; Transition Matters 58 Release of Guarantees 35 Section 5.7 Seller Marks 59 6.08 D&O Indemnification 36 Section 5.8 Employee Matters 60 6.09 Financing 36 Section 5.9 ISO6.10 Non-NE Solicitation; Non-Compete 41 Section 6.11 Resignations 42 Section 6.12 Cooperation 42 Article VII EMPLOYEE MATTERS 43 Section 7.01 General 43 Section 7.02 Effect of Agreement; No Third Party Beneficiaries 45 Article VIII TAX MATTERS 45 Section 8.01 Transfer Taxes 45 Section 8.02 Filing of Tax Returns and NEPOOL Matters 66 Audit 46 Section 5.10 Post8.03 Tax Cooperation 47 Section 8.04 Pre-Closing Operations 67 Tax Indemnity 47 Section 5.11 Post-Closing Environmental Matters 67 8.05 Tax Sharing Agreements 47 Section 5.12 Transfer Taxes; Expenses 67 8.06 Merger 47 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI 8.07 Garden Fresh 48 Article IX CONDITIONS TO CLOSING 71 48 Section 6.1 Buyer’s 9.01 Conditions to Closing 71 Each Party’s Obligation 48 Section 6.2 Seller’s 9.02 Conditions to Obligations of the Seller and the Company 48 Section 9.03 Conditions to Obligations of Buyer 49 Section 9.04 Frustration of Closing 73 ARTICLE VII INDEMNIFICATIONConditions 49 Article X TERMINATION, AMENDMENT AND WAIVER 49 Section 10.01 Termination 49 Section 10.02 Notice of Termination 51 Section 10.03 Effect of Termination 51 Section 10.04 Extension; LIMITATIONS OF LIABILITY AND WAIVERS 74 Waiver 52 Section 7.1 10.05 Survival 74 of Representations, Warranties and Covenants 53 Article XI GENERAL PROVISIONS 53 Section 7.2 Indemnification 11.01 Expenses 53 Section 11.02 Notices 53 Section 11.03 Public Announcements 54 Section 11.04 Severability 54 Section 11.05 Entire Agreement 54 Section 11.06 Assignment 55 Section 11.07 No Third-Party Beneficiaries 55 Section 11.08 Amendment 55 Section 11.09 Disclosure Letter 55 Section 11.10 Governing Law; Submission to Jurisdiction 55 Section 11.11 Specific Performance 56 Section 11.12 Rules of Construction 57 Section 11.13 Counterparts 58 Section 11.14 Waiver of Jury Trial 58 Section 11.15 No Recourse 58 Section 11.16 Debt Financing Sources 59 EXHIBITS Exhibit A – Definitions Exhibit B – Reference Working Capital Statement Exhibit C – Transferred Companies Exhibit D – Transition Services Agreement Exhibit E – Supply Agreement Exhibit F – Equity Commitment Letter Exhibit G – Limited Guarantee Exhibit H – 2019 Capital Expenditure Plan This STOCK PURCHASE AGREEMENT, dated as of April 12, 2019 (this “Agreement”), is made by Seller 74 and among Generis Holdings, LP, a Delaware limited partnership (“Buyer”), Wm. Xxxxxxxxx Farms, Inc., a Michigan corporation (the “Company”), Pepperidge Farm, Incorporated, a Connecticut corporation (the “Seller”) and, solely for the purposes of Section 7.3 Indemnification by Buyer 74 2.03, Section 7.4 Certain Limitations 2.04, Section 2.07, Section 3.05, Section 6.02, Section 6.03, Section 6.06, Section 6.09(e), Section 6.10, Section 8.02, Section 8.03, Section 8.04, Section 8.07, Section 11.06, Section 11.11 and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7811.15, Xxxxxxxx Soup Company, a New Jersey corporation (“Parent”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Campbell Soup Co)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 35 6.1. Organization and Existence 45 Section 4.2 Authority and of Buyer; Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 35 6.2. Non-Contravention 35 6.3. Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 35 6.4. Investment Purpose 35 ARTICLE V VII COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents35 7.1. Further Action; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Reasonable Best Efforts 35 7.2. Public Announcements 36 7.3. Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim 36 7.4. Release 38 7.5. 401(k) Plans 38 7.6. Customer Notification 38 ARTICLE VIII INDEMNIFICATION 38 8.1. Indemnification 38 8.2. Recourse; Other Limitations 40 8.3. Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions for Claims; Other Limitations 40 8.4. Claims 41 8.5. Resolution of Objections to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification Claims 41 8.6. Third-Party Claims 42 8.7. No Waiver by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Knowledge 43 8.8. Tax Treatment of Indemnification Indemnity Payments 7843 ARTICLE IX GENERAL PROVISIONS 43 9.1. Survival of Representations and Warranties and Covenants 43 9.2. Notices 43 9.3. Counterparts 43 9.4. Entire Agreement; Non-assignability; Parties in Interest; Amendment 43 9.5. Assignment 44 9.6. Severability 44 9.7. Remedies Cumulative 44 9.8. Governing Law 44 9.9. WAIVER OF JURY TRIAL 44 9.10. Fees and Expenses 45 9.11. Confidentiality 45 9.12. Limited Guarantee 45 9.13. Sellers’ Representative 45 Schedules Schedule A Additional Defined Terms Schedule B Accounting Principles Schedule C Funds Flow Memo Schedule D Notice Addresses Schedule E Illustrative Calculation of Net Working Capital Amount Schedule 3.2(a)(ix) Required Consents

Appears in 1 contract

Samples: Share Purchase Agreement (Select Interior Concepts, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 38 Section 4.1 Organization 4.01 Corporate Existence and Existence 45 Power 38 Section 4.2 Authority and Enforceability 45 4.02 Corporate Authorization 38 Section 4.3 4.03 Noncontravention 46 39 Section 4.4 Legal Proceedings 46 4.04 Sufficient Funds 39 Section 4.5 Compliance with Laws 46 4.05 Litigation 39 Section 4.6 Brokers 46 4.06 Finders’ Fees 39 Section 4.7 Availability 4.07 No Other Representations 39 ARTICLE 5 TAX MATTERS 39 Section 5.01 Tax Returns 39 Section 5.02 Cooperation on Tax Matters 40 Section 5.03 Tax Indemnification 41 ARTICLE 6 SURVIVAL; INDEMNIFICATION 42 Section 6.01 Survival 42 Section 6.02 Right to Indemnification 42 Section 6.03 Procedures 44 Section 6.04 Release of Funds 46 Section 4.8 Qualified Buyer Indemnity Escrow Amount 47 Section 4.9 Governmental Approvals 47 6.05 Effect of Investigation 48 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 6.06 Exercise of Remedies by Persons Other than Buyer or Buyer Parent 48 ARTICLE V 7 COVENANTS 48 Section 5.1 Closing Conditions 7.01 Operation of Business 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 7.02 Intercompany Accounts and Agreements 51 Section 5.4 7.03 Efforts 51 Section 7.04 Transition Services 52 Section 7.05 Further Assurances 53 Section 7.06 Buyer Parent Guarantee 53 Section 7.07 Financial Statements; Access of Buyer and Seller to Information 53 Section 7.08 Employee Matters 54 Section 5.5 Conduct of 7.09 Confidentiality 55 Section 7.10 Restrictive Covenants 57 Section 7.11 Zhuhai Business Pending the Closing 56 Assets 57 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 7.12 Other Business Assets 58 Section 5.7 Seller Marks 59 7.13 Right of First Refusal to Retained Business 58 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 787.14 Reimbursement Commitments 60

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 30 Section 4.1. Organization, Standing and Power 30 Section 4.2. Authority; Noncontravention 30 Section 4.3. Capital Resources 31 Section 4.4. Brokers and Other Advisors 31 Section 4.5. Independent Investigation; No Reliance on Other Representations and Warranties 31 ARTICLE V ADDITIONAL AGREEMENTS 32 Section 5.1. Advice of Filings 32 Portions of the exhibit, indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. Section 5.2. Confidentiality; Non‑Competition 32 Section 5.3. Certain Tax Matters 33 Section 5.4. Public Announcements 34 Section 5.5. Additional Information 35 Section 5.6. Right of First Negotiation 35 Section 5.7. Delivery of Certain Information 37 Section 5.8. Expenses 37 Section 5.9. Further Assurances 37 Section 5.10. Wrong Pockets 37 ARTICLE VI CONDITIONS PRECEDENT 38 Section 6.1. Condition to Each Party’s Obligations to Effect the Contemplated Transactions 38 Section 6.2. Conditions to Buyer’s Obligations to Effect the Contemplated Transactions 38 Section 6.3. Conditions to Seller’s Obligations to Effect the Contemplated Transactions 39 ARTICLE VII INDEMNIFICATION 39 Section 7.1. Indemnification of Buyer 39 Section 7.2. Indemnification of Seller Indemnified Parties 41 Section 7.3. Indemnification Claims 41 Section 7.4. Other Limitations on Indemnification 43 Section 7.5. Survival; Termination of Indemnification 43 Section 7.6. Adjustment to Purchase Price 44 Section 7.7. Exclusive Remedy 44 ARTICLE VIII AMENDMENT AND WAIVER 44 Section 8.1. Amendment 44 Section 8.2. Extension; Waiver 44 ARTICLE IX GENERAL PROVISIONS 45 Section 4.1 Organization and Existence 9.1. Rules of Construction 45 Section 4.2 Authority and Enforceability 9.2. Notices 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental 9.3. Consents and Approvals 47 Section 4.10 WARN Act 9.4. Counterparts 47 Section 4.11 Independent Investigation 9.5. Entire Agreement 47 Section 4.12 Disclaimer Regarding Projections 9.6. No Third-Party Beneficiaries 47 ARTICLE V COVENANTS Section 9.7. Assignment 47 Section 9.8. GOVERNING LAW 48 Section 5.1 Closing Conditions 9.9. Enforcement 48 Section 5.2 Notices9.10. Severability 49 Section 9.11. Bulk Sales 49 Portions of the exhibit, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access indicated by the xxxx “[***],” were omitted and have been filed separately with the Securities and Exchange Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of Buyer and the Securities Exchange Act of 1934, as amended. Schedules Schedule 1.1(a) Excluded Intellectual Property Schedule 1.1(b) Required Side Letters Schedule 2.1(b) Seller 54 Section 5.5 Conduct Wire Information Schedule 2.2(a)(i) Purchased Patent Rights Schedule 3.4(b) Absence of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Material Adverse Effect

Appears in 1 contract

Samples: Asset Purchase Agreement (NeuroMetrix, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 39 Section 4.01 Organization 39 Section 4.02 Authorization of Transaction; Binding Effect 39 Section 4.03 Noncontravention 39 Section 4.04 Broker’s Fees 40 Section 4.05 Available Funds 40 Section 4.06 Litigation 41 Section 4.07 Solvency 41 Section 4.08 Investment Intent; Restricted Securities 41 Section 4.09 Arrangements with Management 42 ARTICLE V PRE-CLOSING COVENANTS 42 Section 5.01 Operation of the Business 42 Section 5.02 Operation of the Business 42 Section 5.03 Notices and Consents 44 Section 5.04 Access 44 Section 5.05 Contact with Customers and Suppliers 45 Section 4.1 Organization and Existence 5.06 Resignations 45 Section 4.2 Authority and Enforceability 5.07 Transfer of Certain Assets 45 ARTICLE VI ADDITIONAL AGREEMENTS 45 Section 4.3 Noncontravention 6.01 Further Assurances 45 Section 6.02 Public Disclosure 45 Section 6.03 Transaction Expenses 46 Section 4.4 Legal Proceedings 6.04 Confidentiality; Exclusivity 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 6.05 Commercially Reasonable Efforts to Complete 47 Section 4.9 Governmental Approvals 47 6.06 Employee Benefits Matters 49 Section 4.10 WARN Act 47 6.07 Provision Respecting Representation of the Target Companies 50 Section 4.11 Independent Investigation 47 6.08 Directors’ and Officers’ Indemnification 50 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 6.09 Post-Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts Record Retention and Access 51 Section 5.4 Access 6.10 Other Tax Provisions 52 Section 6.11 Additional Agreements of Buyer 56 Section 6.12 Restrictive Covenant Agreements 56 Section 6.13 Debt 57 Section 6.14 Notification of Certain Matters 57 Section 6.15 Employees 58 Section 6.16 280G Approval 58 Section 6.17 Releases 58 Section 6.18 Adoption of 2013 Equity Incentive Plan; Company Retention Grants 58 Section 6.19 Financing; Cooperation 59 Section 6.20 Affiliate Agreements 61 ii ARTICLE VII CONDITIONS 61 Section 7.01 Conditions to Obligation of Buyer and Seller 54 61 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s 7.02 Conditions to Closing 71 Obligation of Buyer 61 Section 6.2 Seller’s 7.03 Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Obligation of Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7864

Appears in 1 contract

Samples: Stock Purchase Agreement (Extreme Networks Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 10 Section 4.1 3.01 Organization and Existence 45 Qualification of Buyer 10 Section 4.2 Authority 3.02 Authorization; Validity and Enforceability 45 Effect of Transaction Agreements 11 Section 4.3 Noncontravention 46 3.03 No Conflict; Required Filings and Consents Applicable to Buyer 11 Section 4.4 3.04 No Brokers 11 Section 3.05 Legal Proceedings 46 Relating to Buyer 12 Section 4.5 Compliance with Laws 46 3.06 Acquisition for Investment 12 Section 4.6 Brokers 46 3.07 No Other Representations; Waiver of Implied Warranties 12 ARTICLE IV COVENANTS OF THE PARTIES 12 Section 4.7 Availability of Funds 46 4.01 Expenses 12 Section 4.8 Qualified 4.02 Access to Information by Buyer 47 13 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 4.03 Conduct of the Business Pending the Closing 56 Date 13 Section 5.6 Termination 4.04 Disputes 13 Section 4.05 Commercially Reasonable Efforts 14 Section 4.06 Regulatory Approvals 14 Section 4.07 Schedules 14 Section 4.08 Right of Certain Services First Refusal Relating to and Contracts; Transition Matters 58 Approval of Expansion Projects. 15 ARTICLE V CONDITIONS PRECEDENT 15 Section 5.7 Seller Marks 59 5.01 Conditions to Obligation of Each Party to Close 15 Section 5.8 Employee Matters 60 5.02 Conditions to Seller’s Obligation to Close 15 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 5.03 Conditions to Buyer’s Obligation to Close 16 ARTICLE VI CONDITIONS TO CLOSING 71 SURVIVAL; INDEMNIFICATION 16 Section 6.1 Buyer’s Conditions to Closing 71 6.01 Survival 16 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 6.02 Indemnification of Buyer 17 Section 7.1 Survival 74 6.03 Indemnification of Seller 17 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 6.04 Indemnification Procedures 77 18 Section 7.6 Tax Treatment of Indemnification Payments 786.05 Limitations 19 Section 6.06 Exclusive Remedy 20 Section 6.07 Exclusion 20

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Tc Pipelines Lp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Due Organization and Existence 45 Good Standing 83 Section 4.2 Authority and Enforceability 45 Authorization of Transaction 83 Section 4.3 Noncontravention 46 Governmental Approvals 84 Section 4.4 Compliance With Law 84 Section 4.5 No Conflict or Violation 84 Section 4.6 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 85 Section 4.7 Availability of Funds 46 Qualification to Perform 85 Section 4.8 Qualified Investigation by Buyer 47 85 Section 4.9 Governmental Approvals 47 Funding 85 Section 4.10 WARN Act 47 Financial Statements 86 Section 4.11 Independent Investigation 47 No Buyer Stockholder Vote Required 86 Section 4.12 Disclaimer Regarding Projections 47 No Regulatory Impediments 86 Section 4.13 Competing Transactions 86 Section 4.14 Securities Matters 87 Section 4.15 Brokers’ Fees 87 Section 4.16 No Reliance 87 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 88 Section 5.2 Employment Matters 93 Section 5.3 Publicity 98 Section 5.4 Confidentiality 99 Section 5.5 Access to Information 102 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Access 102 Section 5.7 Appropriate Actions 104 Section 5.8 Non-Competition and Non-Solicitation 109 Section 5.9 Third Party Consents 113 Section 5.10 Further Assurances 116 Section 5.11 Post-Closing Environmental Matters 67 TSA Coordination 118 Section 5.12 Transfer Taxes; Expenses 67 Compliance with WARN Act 119 Section 5.13 Tax Matters 67 Notice 119 Section 5.14 Further Assurances 68 Intellectual Property Matters 119 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Investment Management Matters 123 Section 5.16 Casualty 70 Insurance 125 Section 5.17 Condemnation 70 D&O Liabilities 125 Section 5.18 Confidentiality 71 Intercompany Arrangements 126 Section 5.19 Public Announcements 71 Ancillary Agreements; K-Note Arrangement 127 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Excluded Assets and Excluded Liabilities; Certain Excluded Contracts 128 Section 6.1 Buyer’s Conditions to Closing 71 5.21 Investment Portfolio 132 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 5.22 Shared Contracts 134 Section 7.1 Survival 74 Section 7.2 Indemnification 5.23 Performance by Seller 74 135 Section 7.3 Indemnification 5.24 Performance by Buyer 74 135 Section 7.4 Certain Limitations 5.25 Financing Cooperation 135 Section 5.26 Customer and Provisions 75 Distributor Communications 136 Section 7.5 Indemnification Procedures 77 5.27 Release 136 Section 7.6 Tax Treatment 5.28 No Shop 137 Section 5.29 Discovered Policies 137 Section 5.30 No Program of Indemnification Payments 78Internal Replacement 138 Section 5.31 Revenue Flow; Principal Underwriter; Insurance Producer Contracts 138 Section 5.32 Sales from Other Affiliates 139 Section 5.33 Seller Confidentiality Agreements 140 Section 5.34 Synthetic GICs 140

Appears in 1 contract

Samples: Master Transaction Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 9 4.1 Organization Organization; Qualification of Buyer 9 4.2 Authorization 9 4.3 Execution; Validity of Agreement 9 4.4 Consents and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section Approvals; No Violations 10 4.5 Compliance with Laws 46 Section Capitalization 10 4.6 Electro Energy SEC Reports 10 4.7 Brokers 46 Section 4.7 Availability of Funds 46 Section or Finders 11 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 "AS IS" Transaction 11 ARTICLE V COVENANTS 48 Section 12 5.1 Closing Conditions 48 Section Manager and Member Aproval 12 5.2 Notices, ConsentsAccess to Information; Approvals 48 Section Confidentiality 12 5.3 Assigned Contracts 51 Section Regulatory Filings; Commercially Reasonable Efforts 12 5.4 Access of Buyer and Seller 54 Section State Takeover Laws 13 2 5.5 Conduct of Business Pending the Closing 56 Section Third-Party Consents 13 5.6 Termination Publicity 13 5.7 Ancillary Agreements 14 5.8 Subsequent Actions 14 5.9 Notice of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO14 5.10 Transfer of Permits 14 5.11 Facility Status 14 5.12 Easement 14 5.13 Release 14 5.14 Bankruptcy Court Consent 14 5.15 Payment of Tax Liens 14 5.16 Environmental Clean-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section Up 15 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Evidence of Discharge 15 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 — INTENTIONALLY OMITTED 15 ARTICLE VII INDEMNIFICATION— TERMINATION 15 7.1 Termination 15 7.2 Effect of Termination 15 ARTICLE VIII — INDEMNIFICATION 15 8.1 Survival 15 8.2 Indemnification 16 8.3 Limitations on Indemnification 16 8.4 Escrow Arrangements 17 8.5 Indemnification Procedure 17 8.6 Third Party Claims 17 ARTICLE IX — DEFINITIONS AND INTERPRETATION 18 9.1 Definitions 18 9.2 Interpretation 23 ARTICLE X — MISCELLANEOUS 23 10.1 Fees and Expenses 23 10.2 Amendment and Modification 23 10.3 Notices 23 10.4 Counterparts 24 10.5 Entire Agreement; LIMITATIONS No Third Party Beneficiaries 24 10.6 Severability 25 10.7 Governing Law 25 10.8 Venue 25 10.9 Extension; Waiver 25 10.10 Assignment; Successors 25 10.11 Survival 25 3 LIST OF LIABILITY EXHIBITS AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification SCHEDULES Seller Disclosure Schedules Schedule I Acquired Assets Schedule 3.13(a) Bankruptcy Orders Schedules 3.15(a)-(g) Tax Audits Schedule 3.18(a) Hazardous Materials Activities Schedule 5.5 Third Party Consents Schedule 5.10 Permits Schedule 5.17 Liens and Encumbrances Buyer Disclosure Schedules Schedule 4.6 SEC Reports Exhibits EXHIBIT A: Escrow Agreement EXHIBIT B: Lease Agreements with Guaranty of Leases EXHIBIT C-1: Purchase Warrant EXHIBIT C-2: Lease Warrant EXHIBIT D: Lock-Up Agreement EXHIBIT E: Registration Rights Agreement EXHIBIT F: Xxxx of Sale EXHIBIT G: Bankruptcy Court Order 4 ASSET PURCHASE AGREEMENT This ASSET PURCHASE AGREEMENT, dated as of March 31, 2006 (this “Agreement”), is entered into by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 and among EEI Acquisition Co., LLC, a Delaware limited liability company or its wholly owned designated subsidiary (“Buyer”), Electro Energy Inc., a Florida corporation (“Parent”), and Lithium Nickel Asset Holding Company I, Inc., a Delaware corporation (“Seller”). Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78capitalized terms used in this Agreement have the meanings assigned to them in Article IX.

Appears in 1 contract

Samples: Asset Purchase Agreement (Electro Energy Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 25 8.1 Incorporation and Existence 45 Section 4.2 Authority Good Standing 25 8.2 Authority; Enforceability; No Conflict 25 8.3 No Proceedings 26 8.4 Financing Capability 26 8.5 Brokers 26 8.6 Buyer Investigation and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Evaluation 26 ARTICLE V 9 COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer 27 9.1 Information and Seller 54 Section 5.5 Documents 27 9.2 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition 28 9.3 Efforts to Consummate Generally 28 9.4 Exclusive Dealing 29 9.5 Antitrust Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 29 9.6 Access 29 9.7 Regulatory Matters. 30 9.8 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 30 9.9 Welichem Agreement 31 9.10 Commercial Manufacturing and Supply Agreement 31 9.11 Asset Transfer Plan. 31 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DERMAVANT SCIENCES LTD. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DERMAVANT SCIENCES LTD. IF PUBLICLY DISCLOSED. ii Table of Contents Page ARTICLE VI 10 CONDITIONS TO CLOSING 71 Section 6.1 32 10.1 Buyer’s Conditions Obligation to Closing 71 Section 6.2 Seller’s Conditions Close 32 10.2 Seller Parties’ Obligation to Closing 73 Close 33 ARTICLE VII 11 INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 REMEDIES 34 11.1 Survival 74 Section 7.2 34 11.2 Indemnification by Seller 74 Section 7.3 Parties 34 11.3 Indemnification by Buyer 74 Section 7.4 34 11.4 Limitations on Amount 35 11.5 Notice of Claims 35 11.6 Determination of Amount 36 11.7 Third Party Claim Indemnification Procedure 36 11.8 Certain Other Limitations 37 ARTICLE 12 TERM AND TERMINATION 38 12.1 Termination Prior to Closing 38 12.2 Effect of Termination and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Abandonment 39 12.3 Return of Indemnification Payments 78Confidential Information 39 12.4 Survival 39 ARTICLE 13 GENERAL PROVISIONS 39 13.1 Expenses 39 13.2 Notices 39 13.3 Bankruptcy 40 13.4 Further Assurances 40 13.5 Waiver 41 13.6 Entire Agreement and Modification 41 13.7 Assignments, Successors and No Third-Party Rights 41 13.8 Severability 41 13.9 Interpretation 41 13.10 Time of the Essence 42 13.11 Governing Law 42 13.12 Dispute Resolution. 42 13.13 Specific Performance 44 13.14 Non-Recourse 44 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE DERMAVANT SCIENCES LTD. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO DERMAVANT SCIENCES LTD. IF PUBLICLY DISCLOSED. iii Table of Contents Page 13.15 Relationship 44 13.16 Execution of Agreement; Counterparts 44

Appears in 1 contract

Samples: Asset Purchase Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 8 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer 8 Section 4.2 Authority and Enforceability 45 4.02 No Conflicts; Consents 9 Section 4.3 Noncontravention 46 4.03 Solvency; Sufficiency of Funds 9 Section 4.4 4.04 Legal Proceedings 46 9 Section 4.5 Compliance with Laws 46 4.05 Brokers 9 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 4.06 Independent Investigation 47 9 Section 4.12 Disclaimer Regarding Projections 47 4.07 Other Representations and Warranties 9 ARTICLE V COVENANTS 48 9 Section 5.1 Closing Conditions 48 5.01 Confidentiality. 10 Section 5.2 Notices, Consents; Approvals 48 5.02 Public Announcements 11 Section 5.3 Assigned Contracts 51 5.03 Exclusivity. 11 Section 5.4 Access of Buyer 5.04 Patent Prosecution and Seller 54 Maintenance. 12 Section 5.5 Conduct of Business Pending the Closing 56 5.05 Patent Enforcement. 12 Section 5.6 5.06 Bulk Sales Laws 13 Section 5.07 VAT 13 Section 5.08 Further Assurances 13 Section 5.09 Termination of application of Certain Services Surviving Existing Agreements to the Purchased Assets and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 A&P Project Enzymes 13 Section 5.10 PostLicense to Know-Closing Operations 67 How 14 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 [***] 15 ARTICLE VI CONDITIONS TO CLOSING 71 INDEMNIFICATION 15 Section 6.1 Buyer’s Conditions to Closing 71 6.01 Survival 15 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 6.02 Indemnification by Seller 74 15 Section 7.3 6.03 Indemnification by Buyer 74 15 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. Section 7.4 6.04 Certain Limitations and Provisions 75 15 Section 7.5 6.05 Indemnification Procedures 77 16 Section 7.6 6.06 Tax Treatment of Indemnification Payments 7817 Section 6.07 Exclusive Remedies 17 Section 6.08 Right to Set-Off. 17 ARTICLE VII TERM AND TERMINATION 17 Section 7.01 Term 17 ARTICLE VIII DISPUTE RESOLUTION 18 Section 8.01 Elevation of Issues for Resolution 18 Section 8.02 Arbitration 18 ARTICLE IX MISCELLANEOUS 19 Section 9.01 Definitions 19 Section 9.02 Construction. 19 Section 9.03 Expenses 20 Section 9.04 Severability 20 Section 9.05 Notices 20 Section 9.06 Assignment 22 Section 9.07 Waivers, Modifications, and Amendments 22 Section 9.08 Choice of Law 22 Section 9.09 Injunctive Relief 22 Section 9.10 Relationship of the Parties 22 Section 9.11 Entire Agreement 23 Section 9.12 Cooperation 23 Section 9.13 Counterparts 23 Section 9.14 Non-Recourse 23 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. AMYLASE AND PROTEASE ACQUISITION AGREEMENT This Amylase and Protease Acquisition Agreement (this “Agreement”) dated as of ____________ (the “Effective Date”) is entered into between CODEXIS, INC., a corporation incorporated and existing under the laws of the State of Delaware, having an office located at 000 Xxxxxxxxx Xxxxx, Xxxxxxx Xxxx, XX 00000, XXX (“Seller” or “Codexis”), and Société des Produits Nestlé S.A., a société anonyme organized and existing under the laws of Switzerland, having an office located at 00 Xxxxxx Xxxxxx, 0000 Xxxxx, Xxxxxxxxxxx (“Buyer” or “NHSc”).

Appears in 1 contract

Samples: Acquisition Agreement (Codexis, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization Existence and Existence 45 Power 66 Section 4.2 Authority and Enforceability 45 Authorization 66 Section 4.3 Noncontravention 46 Governmental Authorization 67 Section 4.4 Legal Proceedings 46 Non-contravention 67 Section 4.5 Compliance with Laws 46 Financing 68 Section 4.6 Brokers 46 Solvency 69 Section 4.7 Availability of Funds 46 Litigation 70 Section 4.8 Qualified Buyer 47 Finders’ Fees 70 Section 4.9 Governmental Approvals 47 Inspections; Acknowledgment 70 Section 4.10 WARN Act 47 Purchase for Investment 70 Section 4.11 Independent Investigation 47 No Other Representations and Warranties 70 Section 4.12 Disclaimer Regarding Projections 47 Independent Investigation; No Reliance 72 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Certain Governmental Approvals 72 Section 5.2 Notices, Consents; Approvals 48 Covenants Relating to Conduct of Business 76 Section 5.3 Assigned Contracts 51 Confidentiality 80 Section 5.4 Access of Buyer and Seller 54 to Information 81 Section 5.5 Conduct Separation of Business Pending the Closing 56 Information 84 Section 5.6 Termination Production of Witnesses and Individuals 85 Section 5.7 Publicity 86 Section 5.8 Shared Contracts 86 Section 5.9 Obligations Regarding Non-Assignable Assets and Non-Assumable Liabilities 89 Section 5.10 Mail and Other Communications; Payments 93 Section 5.11 Intercompany Agreements 94 Section 5.12 Audited and Unaudited Financial Statements; Financial Statements Cooperation 94 Section 5.13 Transfer of Permits and Registrations 96 Section 5.14 Financial Assurance 97 Section 5.15 Guarantees 97 Section 5.16 Conflicts; Privileges 99 Section 5.17 Wrong Pockets 100 Section 5.18 Financing Cooperation 101 Section 5.19 Financing Obligation 104 Section 5.20 Recordation of Transfers of Certain Services and Contracts; Transition Matters 58 Acquired Assets 107 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 5.21 Further Assurances 68 107 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 5.22 Joint Steering Committee; Acquisition Documents 107 Section 5.16 Casualty 70 5.23 RWI Policy 108 Section 5.17 Condemnation 70 5.24 Specified Proceedings 109 Section 5.18 Confidentiality 71 5.25 Insurance 110 Section 5.19 Public Announcements 71 5.26 Inventor Remuneration 110 Section 5.20 Mercury Removal Contract 71 5.27 Additional Efforts 111 Section 5.28 Non-Competition 111 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78VI

Appears in 1 contract

Samples: Transaction Agreement (DuPont De Nemours, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 4.01. Organization and Existence 45 Qualification 48 Section 4.2 Authority and Enforceability 45 4.02. Authorization 48 Section 4.3 Noncontravention 46 4.03. Non-contravention 48 Section 4.4 Legal Proceedings 46 4.04. Governmental Authorization 49 Section 4.5 Compliance with Laws 46 4.05. Litigation 49 Section 4.6 4.06. Financing 49 Section 4.07. Solvency 50 Section 4.08. Brokers 46 50 Section 4.7 Availability of Funds 46 4.09. Purchase for Investment 50 Section 4.8 Qualified 4.10. Acknowledgements by Buyer 47 50 Section 4.9 Governmental Approvals 47 4.11. No Intermediary Transaction Tax Shelter 52 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 4.12. Limited Guaranty 52 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.01. Conduct of the Business Pending the 52 Section 5.02. Pre-Closing Access and Information 56 Section 5.6 Termination of Certain Services and Contracts5.03. Efforts; Transition Matters 58 Regulatory Filings 57 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 5.04. Post-Closing Operations 67 Financial Statements 59 Section 5.11 5.05. Shared Contracts; Affiliate Transactions 59 Section 5.06. Third Party Approvals and Permits 61 Section 5.07. Business Guarantees 62 Section 5.08. Use of ITW Marks 62 Section 5.09. Insurance 63 Section 5.10. Legal Proceedings; Production of Witnesses; Privileged Matters 64 Section 5.11. Retention of Business Records and Post-Closing Environmental Matters Access 66 Section 5.12. Confidentiality 67 Section 5.12 Transfer Taxes5.13. Noncompetition; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates Non-Solicitation 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 5.14. Public Announcements 71 Section 5.20 Mercury Removal Contract 5.15. Financing 71 Section 5.16. Debt Financing Cooperation 73 Section 5.17. Indemnification and Exculpation 75 Section 5.18. Notice of Certain Events 76 Section 5.19 Appropriate Actions; Further Assurances 77 Section 5.20. Mail and Other Communications; Accounts 77 Section 5.21. Reorganization Purchase-Price Adjustments 78 Section 5.22. Exclusive Dealing 78 ARTICLE VI CONDITIONS TO CLOSING 71 TAX MATTERS Section 6.1 Buyer’s Conditions 6.01. Tax Returns; Refunds; Transfer Taxes 79 Section 6.02. Cooperation On Tax Matters 80 Section 6.03. Buyer Covenants 81 Section 6.04. Tax Sharing Agreements 81 Section 6.05. Tax Indemnification 81 Section 6.06. Procedures Relating to Closing 71 Indemnification of Tax Claims 83 Section 6.2 Seller’s Conditions to Closing 73 6.07. Coordination with Article IX 84 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78VII

Appears in 1 contract

Samples: Stock Purchase Agreement

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 8 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer 8 Section 4.2 Authority and Enforceability 45 4.02 No Conflicts; Consents 8 Section 4.3 Noncontravention 46 4.03 Investment Purpose 8 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 4.04 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 8 ARTICLE V COVENANTS 48 9 Section 5.1 Closing Conditions 48 5.01 Confidentiality 9 Section 5.2 Notices, Consents5.02 Non-Solicitation. 9 Section 5.03 Additional Seller Payment 9 Section 5.04 Prior Proposed Transaction 10 Section 5.05 ERC Payments 10 Section 5.06 Further Assurances; Approvals 48 Future Conduct; Non-Payment Events of Non-payment Default 11 janone stock purchase agreement stock of arca recycling and affiliates.6 -i- ARTICLE VI TAX MATTERS 13 Section 5.3 Assigned Contracts 51 6.01 Tax Covenants. 13 Section 5.4 Access of Buyer and Seller 54 6.02 Straddle Period 13 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 6.03 Termination of Certain Services Existing Tax Sharing Agreements 14 Section 6.04 Tax Indemnification 14 Section 6.05 Section 338(h)(10) Election. 14 Section 6.06 Cooperation and Contracts; Transition Matters 58 Exchange of Information 15 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 6.07 Survival 15 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 INDEMNIFICATION 15 Section 7.1 Survival 74 Section 7.2 7.01 Indemnification by Seller 74 15 Section 7.3 7.02 Indemnification by Buyer 74 15 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 7.03 Indemnification Procedures 77 16 Section 7.6 7.04 Survival 16 Section 7.05 Tax Treatment Claims 16 Section 7.06 Cumulative Remedies 16 ARTICLE VIII MISCELLANEOUS 16 Section 8.01 Expenses 16 Section 8.02 Notices 17 Section 8.03 Interpretation; Headings 17 Section 8.04 Severability 17 Section 8.05 Entire Agreement 17 Section 8.06 Successors and Assigns 18 Section 8.07 Amendment and Modification; Waiver 18 Section 8.08 Governing Law; Submission to Jurisdiction; Waiver of Indemnification Payments 78Jury Trial. 18 Section 8.09 Counterparts 19 janone stock purchase agreement stock of arca recycling and affiliates.6 -ii- STOCK PURCHASE AGREEMENT This Stock Purchase Agreement (this “Agreement”), dated as of March 19, 2023, and effective as of March 1, 2023, is entered into between JanOne, Inc., a Nevada corporation (“Seller”), and VM7 Corporation, a Delaware corporation (“Buyer”). Capitalized terms used in this Agreement have the meanings given to such terms herein.

Appears in 1 contract

Samples: Stock Purchase Agreement (JanOne Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 43 6A. Organization and Existence Corporate Power 43 6B. Authorization; No Breach 43 6C. Legal Proceedings 44 6D. Investigation 44 6E. Board Approvals 44 6F. Financing 44 6G. Brokerage 44 6H. Xxxxxxxx 00 0X. Acquisition for Investment 45 Section 4.2 ARTICLE 7 TERMINATION 45 7A. Termination 45 7B. Effect of Termination 46 ARTICLE 8 DEFINITIONS 46 8A. Definitions 46 8B. Usage 47 ARTICLE 9 ADDITIONAL AGREEMENTS 47 9A. Survival; Certain Waivers 47 9B. Press Release and Announcements 50 9C. Confidentiality 51 9D. Notification 51 9E. Consents 51 9F. Reasonable Best Efforts 52 9G. Regulatory Act Compliance 52 9H. Director and Officer Liability and Xxxxxxxxxxxxxxx 00 0X. Designation and Replacement of Representative 54 9J. Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability Rights of Funds 46 Section 4.8 Qualified Representative; Limitations on Liability 55 9K. Facility Closings; Employee Layoffs 58 9L. Employee Benefits Matters 58 9M. Provision Respecting Representation of Company 59 9N. Expenses; Transfer Xxxxx 00 0X. Certain Access Provisions 59 9P. Seller Release 60 ARTICLE 10 MISCELLANEOUS 61 10A. Amendment and Waiver 61 10B. Notices 61 10C. Assignment 63 10D. Severability 63 10E. No Strict Construction 63 10F. Captions 64 10G. Complete Agreement 64 10H. Company Disclosure Letter 64 10I. No Additional Representations; Disclaimer 65 10J. Counterparts 66 10K. Governing Law 66 10L. CONSENT TO JURISDICTION 66 10M. WAIVER OF JURY TRIAL 67 10N. Payments under Agreement 67 10O. Third-Party Beneficiaries and Obligations 68 10P. Obligations of the Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 and the Company 68 10Q. No Partnership Created 68 10R. Specific Performance 69 10S. Damages 69 LIST OF EXHIBITS Exhibit A Definitions Exhibit B Retention Escrow Agreement Exhibit C Form of Company Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access Certificate Exhibit D Form of Buyer Closing Certificate Exhibit E Form of Option Cancellation Agreement STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of April 3, 2008, by and Seller 54 Section 5.5 Conduct of Business Pending among Safety Products Holdings, Inc., a Delaware corporation (the Closing 56 Section 5.6 Termination of Certain Services “Company”), the Persons listed on the signature pages hereto under the heading “Sellers” (collectively referred to herein as the “Sellers” and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE individually as a “Seller”), Honeywell International Inc., a Delaware corporation (the “Buyer”), and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During Odyssey Investment Services, L.L.C., a Delaware limited liability company, solely in its capacity as representative as set forth in this Agreement (the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78“Representative”). Unless otherwise defined herein, capitalized terms used herein are defined in Exhibit A attached hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Safety Products Holdings, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 27 5.1. Organization and Existence 45 Section 4.2 Authority Qualification 27 5.2. Authorization; Enforceability 27 5.3. Buyer Common Stock 28 5.4. Litigation 28 5.5. No Consents 28 5.6. No Violation 28 5.7. Investment Representation 28 5.8. Brokers 28 5.9. Buyer Warrant, Buyer Note and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability Buyer Common Stock 29 ARTICLE VI POST-CLOSING COVENANTS 29 6.1. Tax Covenants 29 6.2. General 30 6.3. Litigation Support 30 6.4. Confidentiality; Noncompetition; Nonsolicitation 31 6.5. Buyer Note 34 6.6. Buyer Warrant 34 6.7. Investment in Buyer Warrant 34 6.8. Directors’ & Officers’ Insurance 35 6.9. Employee Benefits Matters 35 6.10. Excise Tax Claim 35 6.11. Bonus Amount 36 ARTICLE VII INDEMNIFICATION 36 7.1. Survival of Funds 46 Section 4.8 Qualified the Representations, Warranties and Covenants; Time Limits on Indemnification Obligations 36 7.2. Survival of Buyer’s Representations and Warranties; Time Limits on Indemnification Obligations 36 7.3. Indemnification by Seller and the Members Relating to the Company and Seller 36 7.4. Indemnification by Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 37 7.5. Indemnification Procedures 38 7.6. Payment of Claims 39 7.7. Certain Limitations 39 Page ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 VIII DEFINITIONS 40 ARTICLE IX MISCELLANEOUS 52 9.1. Notices, Consents, etc 52 9.2. Severability 54 9.3. Successors; Approvals 48 Assignment 54 9.4. Counterparts; Facsimile Signatures 54 9.5. Expenses 54 9.6. Governing Law 55 9.7. Table of Contents and Headings 55 9.8. Entire Agreement 55 9.9. Third Parties 55 9.10. Disclosure Generally 55 9.11. Interpretive Matters 55 9.12. Construction 55 9.13. Submission to Jurisdiction 56 9.14. Waiver of Jury Trial 56 9.15. Specific Performance 56 STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of April 6, 2007, by and among Pure Fishing Holdings, LLC, an Iowa limited liability company (“Seller”), Outdoor Technologies Corporation, an Iowa corporation (the “Company”) and Jarden Corporation, a Delaware corporation (“Buyer”). Each of the parties named above may be referred to herein as a “Party” and collectively as the “Parties”. Solely for purposes of Section 5.3 Assigned Contracts 51 6.4, Section 5.4 Access 6.7(b) and Article VII, Whitney and the Whitney Group shall be a party to this Agreement, and, solely for purposes of Buyer Section 6.4, Section 6.7(b) and Seller 54 Section 5.5 Conduct of Business Pending Article VII, the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During Persons listed on the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions signature pages hereto shall be Parties to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78this Agreement (such Persons, together with Whitney, the “Members”). Capitalized terms used, but not otherwise defined, herein shall have the meanings set forth in Article VIII below.

Appears in 1 contract

Samples: Stock Purchase Agreement (Jarden Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 35 Section 4.1 Organization and Existence 45 Good Standing 35 Section 4.2 Authority Authorization and Enforceability 45 35 Section 4.3 Noncontravention 46 Regulatory Filings 35 Section 4.4 No Conflict or Violation 35 Section 4.5 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 36 Section 4.6 Brokers 46 Acquisition of Equity for Investment 36 Section 4.7 Availability of Funds 46 Funding 36 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Brokers’ Fees 36 ARTICLE V COVENANTS 48 36 Section 5.1 Closing Conditions 48 Conduct of the Business 36 Section 5.2 Notices, Consents; Approvals 48 Publicity 39 Section 5.3 Assigned Contracts 51 Access to Information 40 Section 5.4 Access of Buyer and Seller 54 Confidentiality 40 Section 5.5 Conduct Maintenance of Business Pending the Closing 56 Section 5.6 Termination of Certain Services Books and ContractsRecords; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Access 41 Section 5.6 Commercially Reasonable Efforts 42 Section 5.7 Termination of Insurance Coverage; Intercompany Accounts 44 Section 5.8 Employment Matters 44 Section 5.9 Tax Matters 45 Section 5.10 Notification of Certain Matters 48 Section 5.11 PostNon-Closing Environmental Matters 67 Competition; Non-Solicitation; No-Hire 48 Section 5.12 Transfer Taxes; Expenses 67 Non-Disparagement 50 Section 5.13 Tax Matters 67 ACRE Companies Name Change 50 Section 5.14 Further Assurances 68 Assignment of Loan Loss Rights 50 Section 5.15 Schedule Modifications During the Interim Period Mortgage Warehousing and Updates 69 Security Agreement 50 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 HSR Filings 50 ARTICLE VI CONDITIONS TO CLOSING 71 OF PURCHASE AND SALE 51 Section 6.1 Buyer’s Conditions to Closing 71 Obligations of Buyer 51 Section 6.2 Seller’s Conditions to Closing 73 Obligations of Seller 52 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 TERMINATION 53 Section 7.1 Survival 74 Termination of Agreement 53 Section 7.2 Effect of Termination 54 ARTICLE VIII INDEMNIFICATION 54 Section 8.1 Survival of Representations and Warranties 54 Section 8.2 Indemnification of Buyer 55 Section 8.3 Indemnification of Seller 55 Section 8.4 Limitations 55 Section 8.5 Method of Asserting Claims 57 Section 8.6 Losses Net of Third Party Recoveries 58 Section 8.7 Additional Payments to Buyer 58 Section 8.8 Exclusive Remedy 58 ARTICLE IX MISCELLANEOUS 58 Section 9.1 Assignment 58 Section 9.2 Governing Law 59 Section 9.3 Consent to Jurisdiction; Service of Process 59 Section 9.4 Notices 59 Section 9.5 Headings 60 Section 9.6 Fees and Expenses 60 Section 9.7 Entire Agreement 60 Section 9.8 Waiver and Amendment 61 Section 9.9 Third-Party Beneficiaries 61 Section 9.10 Interpretation 61 Section 9.11 Severability 61 Section 9.12 Specific Performance 61 Section 9.13 Counterparts; Facsimile Signatures 62 Section 9.14 WAIVER OF JURY TRIAL 62 Section 9.15 No Other Representations and Warranties 62 Section 9.16 Disclosure 62 Section 9.17 Representation of Seller and the ACRE Companies 63 Exhibits Exhibit A Buyer Certificate Exhibit B Assignment of Outstanding Units Exhibit C Seller Certificate Exhibit D FIRPTA Certificate PURCHASE AND SALE AGREEMENT This PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of June 28, 2016, is made and entered into by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78between Ares Commercial Real Estate Corporation, a Maryland corporation (“Seller”), and Cornerstone Real Estate Advisers LLC, a Delaware limited liability company (“Buyer”).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ares Commercial Real Estate Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 3.1 Organization and Qualification 32 Section 3.2 Corporate Authorization 32 Section 3.3 Consents and Approvals 33 Section 3.4 Non-Contravention 33 Section 3.5 Binding Effect 34 Section 3.6 Litigation and Claims 34 Section 3.7 Financing 34 Section 3.8 Solvency 35 Section 3.9 Guarantee 36 Section 3.10 Finders’ Fees 36 Section 3.11 No Other Seller Representations or Warranties 36 ARTICLE IV COVENANTS Section 4.1 Organization Access and Existence 45 Information 37 Section 4.2 Authority and Enforceability 45 Confidentiality 38 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Seller’s Conduct of Business Pending the Closing 56 40 Section 5.6 Termination of Certain Services and Contracts4.4 Filings; Transition Other Actions; Notification 44 Section 4.5 Tax Matters 47 Section 4.6 Financing Activities 54 Section 4.7 Employee Matters 58 Section 5.7 Seller Marks 59 4.8 Intellectual Property Matters 64 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 4.9 Restructuring Transactions 66 Section 5.10 Post4.10 Certain Guarantees 66 Section 4.11 Non-Closing Operations Competition 67 Section 5.11 Post4.12 Certain Matters Related to Cyanamid and the PSA Disposition Agreement 68 Section 4.13 Shared Contracts; Excluded Contracts 69 Section 4.14 Insurance 70 Section 4.15 Non-Closing Environmental Matters 67 Solicitation and No-Hire of Employees 71 Section 5.12 Transfer Taxes; Expenses 67 4.16 Certain Consents and Waivers 71 Section 5.13 Tax Matters 67 Section 5.14 4.17 Further Assurances 68 72 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 4.18 Affiliates of Seller 73 Section 5.16 Casualty 70 4.19 Exclusive Negotiations 73 Section 5.17 Condemnation 70 4.20 Notices of Certain Events 73 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 4.21 Cash Sweep 74 Section 7.1 Survival 4.22 Discharge of Indebtedness 74 Section 7.2 Indemnification by Seller 4.23 LuxCo Restructuring 74 Section 7.3 Indemnification by Buyer 4.24 Tax Ruling Regarding German Real Estate Transfer Tax 74 Section 7.4 Certain Limitations and Provisions 4.25 Amendment of the Articles of Association of Surface Specialties Holding GmbH 74 Section 4.26 Structure Cooperation 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78ARTICLE V

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Cytec Industries Inc/De/)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 42 5.1 Organization, Qualification, and Existence 45 Section 4.2 Authority Corporate Power 42 5.2 Authorization of Transaction 42 5.3 Noncontravention 42 5.4 Brokers’ Fees 43 5.5 Legal Proceedings; Orders 43 5.6 Financial Condition 43 5.7 Regulatory Condition 43 ARTICLE 6 PRE-CLOSING COVENANTS 43 6.1 Operation of Business. 44 6.2 Notice of Potential Material Adverse Effect 46 6.3 Reasonable Access 46 6.4 Press Releases 47 6.5 Exclusivity 47 6.6 Regulatory Matters and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 6.7 Employment. 48 6.8 Conveyance of Customer Accounts. 50 6.9 Branch Access 50 6.10 Maintenance of Properties 51 6.11 Conversion Planning and Execution 51 6.12 General Third Party Consents 51 6.13 Title Insurance and Surveys 52 6.14 Insurance Proceeds and Casualty Payments 53 6.15 Environmental Reports and Investigations 53 6.16 Condemnation 55 6.17 Exclusion of Non-Core Deposits 55 6.18 Additions to Loans; Removal of Certain Loans 55 6.19 Subordination, Non-Disturbance and Attornment Agreements 56 6.20 Assumption of Ixx and Kxxxx Account Deposits. 56 6.21 Naperville Branch 57 6.22 Post-Signing Selection of Certain Excluded Tangible Personal Property 57 ARTICLE V 7 POST-CLOSING COVENANTS 48 Section 5.1 Closing 57 7.1 Continued Cooperation 57 7.2 Transitional Matters Concerning Deposits. 57 (ii) 7.3 Transitional Matters Concerning Loans 60 7.4 Transitional Matters Concerning Real Estate Interests 60 7.5 Transfer of Books and Records 60 7.6 Electronic Records, Conversion, and Servicing. 62 7.7 Tax Reporting Obligations. 62 7.8 Credit Life Insurance Refunds 63 7.9 Non-Solicitation of Employees 64 7.10 Non-Solicitation of Business 64 7.11 Covenant Not to Compete. 64 7.12 Legal Inquiries 66 7.13 Employment. 66 7.14 Removal of Seller’s Name From Signs 67 ARTICLE 8 CONDITIONS TO OBLIGATION TO CLOSE 67 8.1 Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access to Obligation of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s 8.2 Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Obligation of Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7870

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Banks, Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 4.01 Organization and Existence Authority of Buyer 45 Section 4.2 Authority and Enforceability 4.02 Capitalization 45 Section 4.3 Noncontravention 4.03 No Conflicts; Consents 46 Section 4.4 4.04 Brokers 46 Section 4.05 Legal Proceedings 46 Section 4.5 Compliance with Laws 4.06 Issuance of Purchase Shares 46 Section 4.6 Brokers 46 Section 4.7 Availability 4.07 Issuance of Funds 46 Section 4.8 Qualified Buyer Shares Earnout Payment 47 Section 4.9 Governmental Approvals 4.08 Buyer SEC Reports; Financial Statements 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 4.09 No Other Representations and Warranties 48 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.01 Conduct of Business Pending Prior to the Closing 48 Section 5.02 Access to Information 49 Section 5.03 No Solicitation of Other Bids 49 Section 5.04 Notice of Certain Events 50 Section 5.05 Resignations 50 Section 5.06 Confidentiality 51 Section 5.07 Non-competition; Non-solicitation 51 Section 5.08 Governmental Approvals and Consents 52 Section 5.09 Books and Records 53 Section 5.10 Closing Conditions 54 Section 5.11 Registration of Shares; Sale of Shares 54 Section 5.12 Buyer Equity Incentive Plan 55 Section 5.13 Audited Financial Statements 55 Section 5.14 NYSE MKT Listing 56 Section 5.6 5.15 Public Announcements 56 Section 5.16 Stockholder Approval 56 Section 5.17 Domain Names 56 Section 5.18 IP Chain of Title; Encumbrances 56 Section 5.19 Further Assurances 56 ARTICLE VI TAX MATTERS 56 Section 6.01 Tax Covenants 56 Section 6.02 Termination of Certain Services and Contracts; Transition Matters Existing Tax Sharing Agreements 57 Section 6.03 Tax Indemnification 58 Section 5.7 Seller Marks 6.04 Straddle Period 58 Section 6.05 Contests 58 Section 6.06 Cooperation and Exchange of Information 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 6.07 Tax Treatment of Indemnification Payments 7859 Section 6.08 Survival 59 Section 6.09 Overlap 59 ARTICLE VII CONDITIONS TO CLOSING 59 Section 7.01 Conditions to Obligations of All Parties 59 Section 7.02 Conditions to Obligations of Buyer 60 Section 7.03 Conditions to Obligations of Seller 61 ARTICLE VIII INDEMNIFICATION 62 Section 8.01 Survival 62 Section 8.02 Indemnification By Seller 62 Section 8.03 Indemnification By Buyer 63 Section 8.04 Certain Limitations 64 Section 8.05 Indemnification Procedures 65 Section 8.06 Payments 66 Section 8.07 Tax Treatment of Indemnification Payments 67 Section 8.08 Effect of Investigation 67 Section 8.09 Exclusive Remedies 67 ARTICLE IX TERMINATION 68 Section 9.01 Termination 68 Section 9.02 Effect of Termination 69 ARTICLE X MISCELLANEOUS 69 Section 10.01 Expenses 69 Section 10.02 Notices 69 Section 10.03 Interpretation 70 Section 10.04 Headings 70 Section 10.05 Severability 70 Section 10.06 Entire Agreement 71 Section 10.07 Successors and Assigns 71 Section 10.08 No Third-party Beneficiaries 71 Section 10.09 Amendment and Modification; Waiver 71 Section 10.10 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial 71 Section 10.11 Specific Performance 72 Section 10.12 Prevailing Party Fees 72 Section 10.13 Counterparts 73 MEMBERSHIP INTEREST PURCHASE AGREEMENT This Membership Interest Purchase Agreement (this “Agreement”), dated as of June 8, 2016, is entered into between Selling Source, LLC, a Delaware limited liability company (“Seller”), and IDI, Inc., a Delaware corporation (“Buyer”).

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (IDI, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 53 4.1 Organization and Existence 45 Section Good Standing 53 4.2 Authority and Enforceability 45 Section Validity 53 4.3 Noncontravention 46 Section No Conflict 53 4.4 Legal Proceedings 46 Section 53 4.5 Compliance with Laws 46 Section Brokers or Finders 53 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Financing 54 ARTICLE V PRE-CLOSING COVENANTS 48 Section OF COMPANY 55 5.1 Closing Conditions 48 Section Access and Investigation 55 5.2 Notices, ConsentsOperation of the Business 55 5.3 Negative Covenants 55 5.4 Required Approvals 57 5.5 Reasonable Commercial Efforts 58 5.6 Exclusivity 58 5.7 Cooperation in Securing Debt Financing 58 5.8 Appointment of Sellers’ Representative 60 5.9 Notice of Developments; Supplements to this Disclosure Schedule 61 5.10 Indebtedness and Release of Encumbrances; Related Party Transactions 62 5.11 Resignations 62 5.12 280G Matters 62 5.13 Proceedings 62 ARTICLE VI PRE-CLOSING COVENANTS OF BUYER 63 6.1 Required Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 63 6.2 Non-Disclosure Obligations 64 6.3 Financing 64 6.4 Reasonable Commercial Efforts 66 ARTICLE VII CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER AND MERGER SUB 66 7.1 Accuracy of Representations 66 7.2 Company Performance 67 7.3 No Order 67 7.4 Governmental Authorizations 67 7.5 No Material Adverse Effect 67 7.6 Dissenters’ Rights 67 ARTICLE VIII CONDITIONS PRECEDENT TO THE OBLIGATION OF COMPANY 67 8.1 Accuracy of Representations 67 8.2 Buyer’s Performance 68 8.3 No Order 68 8.4 Governmental Authorizations 68 ARTICLE IX POST-CLOSING COVENANTS 68 9.1 Access of Buyer to Books and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and ContractsRecords; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Confidentiality 68 9.2 General 68 9.3 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 69 9.4 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period 69 9.5 Directors’ and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Officers’ Indemnification 75 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 X TERMINATION 76 10.1 Termination Events 76 10.2 Effect of Termination 77 ARTICLE VII XI INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 REMEDIES 78 11.1 Survival 74 Section 7.2 78 11.2 Indemnification by Seller 74 Section 7.3 Sellers 78 11.3 Indemnification by Buyer 74 79 11.4 Limitations on Indemnification 80 11.5 Notice of Potential Claims for Indemnification 81 11.6 Third Party Claims 81 11.7 Subrogation 82 11.8 Tax Effect, Mitigation, Insurance and Other Recoveries 83 ARTICLE XII GENERAL PROVISIONS 83 12.1 Expenses 83 12.2 Public Announcements 83 12.3 Notices 84 12.4 Waiver 85 12.5 Entire Agreement; Amendment 85 12.6 Assignments 85 12.7 Severability 85 12.8 Section 7.4 Certain Limitations Headings, Construction 86 12.9 Governing Law; Consent to Jurisdiction and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Venue; Jury Trial Waiver 86 12.10 Specific Enforcement 87 12.11 Counterparts 88 12.12 No Third Party Beneficiaries 88 ANNEXES Annex I: Working Capital Methodology Annex II: Form of Indemnification Payments 78Stockholders Agreement Annex III: Form of Registration Rights Agreement EXHIBITS Exhibit A: Written Consent Exhibit B: Escrow Agreement Exhibit C: Intercompany Loan Documents Exhibit D: Letter of Transmittal Exhibit E: Certificate of Merger Exhibit F: Surviving Corporation Certificate of Incorporation Exhibit G: Option Rollover Election; Cancellation and Payment Acknowledgement Exhibit H: Warrant Cancellation and Payment Acknowledgement CONTRIBUTION AND MERGER AGREEMENT THIS CONTRIBUTION AND MERGER AGREEMENT (“Agreement”) is made as of March 22, 2010 by and among American Renal Holdings Inc., a Delaware corporation (“Company”); C.P. Atlas Holdings, Inc., a Delaware corporation (“Buyer”); C.P. Atlas Intermediate Holdings, LLC, a Delaware limited liability company and a wholly owned subsidiary of Buyer (“Intermediate Holdings”); C.P. Atlas Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Intermediate Holdings (“Merger Sub”); the stockholders of Company who are listed on Schedule A attached hereto (the “Rollover Stockholders”); and Wachovia Capital Partners GP I, LLC, a Delaware limited liability company, as Sellers’ Representative.

Appears in 1 contract

Samples: Contribution and Merger Agreement (American Renal Associates LLC)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization AND MERGER SUB 35 4.01 Organization; Power and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Capitalization 35 4.02 Authorization; No Breach 35 4.03 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Bodies; Consents 36 4.04 Litigation 36 4.05 Broker Fees 36 4.06 Investment Representation; Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 36 4.07 Financial Capability 37 4.08 Solvency 37 4.09 No Additional Representations or Warranties 37 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 OF THE COMPANY 37 5.01 Conduct of Company 37 5.02 Access to Books and Records 38 5.03 Regulatory Filings 38 5.04 Exclusivity 39 5.05 Confidentiality 39 5.06 Reasonable Best Efforts 39 5.07 280G Cooperation 39 5.08 Repayment of Indebtedness 40 5.09 Assistance regarding Buyer Financing 40 ARTICLE VI COVENANTS OF BUYER AND MERGER SUB 43 6.01 Access to Books and Records 43 6.02 Regulatory Filings 43 6.03 Notification 44 6.04 Reasonable Best Efforts 44 6.05 Director and Officer Liability and Indemnification 44 6.06 Contact with Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Relations 45 6.07 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 46 6.08 Waiver of Required Financial Information of Waterfall 47 ARTICLE VI VII CONDITIONS TO CLOSING 71 Section 6.1 47 7.01 Conditions to All Parties’ Obligations 47 7.02 Conditions to Buyer’s and Merger Sub’s Obligations 48 7.03 Conditions to the Company’s Obligations 48 7.04 Waiver of Conditions 49 ARTICLE VIII TERMINATION 49 8.01 Termination 49 8.02 Effect of Termination 50 8.03 Certain Other Effects of Termination 50 ARTICLE IX ADDITIONAL AGREEMENTS AND COVENANTS 50 9.01 Further Assurances 50 9.02 Employees and Employee Benefits 51 9.03 Antitrust Notification 52 9.04 Written Consents; Section 262 Notices 53 9.05 Affiliate Contracts 54 ARTICLE X INDEMNIFICATION 54 10.01 Indemnification Obligations of Equityholders 54 10.02 Indemnification Obligations of Buyer 54 10.03 Indemnification Procedure 55 10.04 Survival of Representations and Warranties; Claims Period 57 10.05 Liability Limits 57 10.06 Exclusive Remedies 59 10.07 R&W Insurance Policy 59 ARTICLE XI MISCELLANEOUS 60 11.01 Survival; Certain Waivers 60 11.02 Acknowledgment by the Buyer Parties 61 11.03 Provision Respecting Representation of Company 62 11.04 Press Releases and Communications 63 11.05 Expenses 63 11.06 Notices 63 11.07 Assignment 64 11.08 Amendment and Waiver 65 11.09 Third Party Beneficiaries 65 11.10 Severability 65 11.11 Construction 65 11.12 Disclosure Schedules 66 11.13 Complete Agreement 66 11.14 Conflict Between Transaction Documents 66 11.15 Specific Performance 67 11.16 Jurisdiction and Exclusive Venue 67 11.17 Governing Law; Waiver of Jury Trial 68 11.18 Representative 69 11.19 No Right of Set-Off 70 11.20 Counterparts 71 11.21 Liability of Financing Source Parties 71 ARTICLE XII DEFINITIONS 71 12.01 Certain Definitions 71 12.02 Defined Terms 84 12.03 Interpretation 86 EXHIBITS Exhibit A Form of Certificate of Merger Exhibit B-1 Accounting Principles Exhibit B-2 Example Net Working Capital Calculation Exhibit C Escrow Agreement Exhibit D Paying Agent Agreement Exhibit E Form of Letter of Transmittal Exhibit F Form of Company Closing 71 Section 6.2 Seller’s Conditions to Certificate Exhibit G Form of Buyer Closing 73 Certificate AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of April 23, 2018, is made by and among (i) Waterfall Holdings, Inc., a Delaware corporation (the “Company”), (ii) Xxxxxxx Inc., a Delaware corporation (“Buyer”), (iii) Jefferson Merger Sub Inc., a Delaware corporation and wholly-owned Subsidiary of Buyer (“Merger Sub” and, together with the Company, the “Constituent Corporations”), and (iv) Xxxx Capital Private Equity, LP, a Delaware limited partnership, solely in its capacity as representative as set forth in this Agreement (the “Representative”). Capitalized terms used and not otherwise defined herein have the meanings set forth in ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78XII below.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Trimble Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 30 Section 4.1 Organization and Existence 45 Qualification 31 Section 4.2 Authority and Enforceability 45 Corporate Authorization 31 Section 4.3 Noncontravention 46 Adequate Assurance 31 Section 4.4 Legal Proceedings 46 Consents and Approvals 31 Section 4.5 Compliance with Laws 46 Non-Contravention 31 Section 4.6 Brokers 46 Binding Effect 32 Section 4.7 Availability of Funds 46 Litigation and Claims 32 Section 4.8 Qualified Buyer 47 Financial Capability 32 Section 4.9 Governmental Approvals 47 Investment Intent 34 Section 4.10 WARN Act 47 Brokers and Finders 34 Section 4.11 Independent Investigation 47 Due Diligence by Buyer 34 Section 4.12 Disclaimer Regarding Projections 47 No Other Representations or Warranties 35 ARTICLE V COVENANTS 48 BANKRUPTCY COURT MATTERS 35 Section 5.1 Closing Conditions 48 Bankruptcy Actions 35 Section 5.2 Notices, Consents; Approvals 48 Confirmation Order 37 Section 5.3 Assigned Contracts 51 Alternative Transactions 38 ARTICLE VI COVENANTS 40 Section 5.4 6.1 Access of Buyer and Seller 54 Information 40 Section 5.5 6.2 Conduct of Business Pending the Closing 56 41 Section 5.6 Termination of Certain Services and Contracts; Transition 6.3 Reasonable Best Efforts 45 Section 6.4 Tax Matters 58 47 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 6.5 Post-Closing Operations 67 Obligations of the Business to Certain Employees 49 Section 5.11 Post-Closing Environmental Matters 67 6.6 Insurance Obligations 52 Section 5.12 Transfer Taxes; Expenses 67 6.7 Trademarks 52 Section 5.13 Tax Matters 67 Section 5.14 6.8 Further Assurances 68 53 Section 5.15 Schedule Modifications During the Interim Period 6.9 Confidentiality 53 Section 6.10 Indemnification of Directors and Updates 69 Officers; Insurance 54 Section 5.16 Casualty 70 6.11 Intercompany Accounts and Intercompany Arrangements 55 Section 5.17 Condemnation 70 6.12 Buyer Financing Covenants 55 Section 5.18 Confidentiality 71 6.13 Seller Financing Cooperation Covenants 58 Section 5.19 Public Announcements 71 6.14 Notice of Developments 63 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 6.15 Cash Collateral 64 Section 6.1 Buyer’s Conditions to Closing 71 6.16 Restructuring Support Agreement 64 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 786.17 Virtual Data Xxxx 00 Xxxxxxx 0.00 Xxxx Xxx 00

Appears in 1 contract

Samples: Share and Asset Purchase Agreement (Garrett Motion Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 5.1 Section 5.2 Section 5.3 Section 5.4 Section 5.5 Section 5.6 Section 5.7 Section 5.8 Section 5.9 Section 5.10 ARTICLE VI COVENANTS Section 6.1 Section 6.2 Section 6.3 Section 6.4 Section 6.5 Section 6.6 Section 6.7 Section 6.8 Section 6.9 Section 6.10 Section 6.11 Section 6.12 Section 6.13 Section 6.14 Section 6.15 Section 6.16 Section 6.17 Section 6.18 Section 6.19 Section 6.20 Section 6.21 Section 6.22 ARTICLE VII BUYER’S CONDITIONS TO CLOSING Section 7.1 Section 7.2 Section 7.3 Section 7.4 Section 7.5 Section 7.6 Section 7.7 ARTICLE VIII SELLER’S CONDITIONS TO CLOSING Section 8.1 Section 8.2 Section 8.3 Section 8.4 Section 8.5 ARTICLE IX TERMINATION Section 9.1 Section 9.2 Section 9.3 Organization and Existence 45 Section 4.2 Authority and Authority; Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 No Conflicts Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 and Orders Brokers 46 Section 4.7 Availability No Knowledge of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Seller’s Breach Financial Resources No Conflicting Contracts Opportunity for Independent Investigation; No Other Representations Regulatory and Other Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct Certain Restrictions Use of Business Pending the Closing 56 Section 5.6 Certain Names Termination of Certain Services and Contracts; Transition Contracts Employee and Benefit Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE Indebtedness Insurance Transfer Taxes Books and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Records Tax Matters 67 Section 5.14 Schedule Update Casualty Condemnation Confidentiality Public Announcements Release of Guaranties, etc. Distributions Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period Monthly Operating Report Creditworthiness of Seller Balance Sheet Representations and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 BuyerWarranties Performance Officer’s Conditions to Closing 71 Section 6.2 SellerCertificate Orders and Laws Consents and Approvals Resignation of Members, Managers, Officers and Directors Release of Indebtedness; Release of Liens Representations and Warranties Performance Officer’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations Certificate Orders and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Laws Consents and Approvals Termination Effect of Indemnification Payments 78Termination Specific Performance and Other Remedies

Appears in 1 contract

Samples: Purchase and Sale Agreement (Consumers Energy Co)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 22 Section 6.1 Buyer’s Organization; Good Standing 22 Section 6.2 Authority; Execution and Delivery 23 Section 6.3 Consents; No Violations, Etc. 23 CONFIDENTIAL TREATMENT REQUESTED Section 6.4 Litigation 23 Section 6.5 No Brokers 23 Section 6.6 Exclusive Representations and Warranties 23 ARTICLE VII CERTAIN COVENANTS AND AGREEMENTS OF SELLERS 23 Section 7.1 Conduct of Business Until Closing 23 Section 7.2 Assumed IP Litigation Matter 24 Section 7.3 Transfer Taxes 24 Section 7.4 Cooperation on Tax Matters 24 ARTICLE VIII CERTAIN COVENANTS AND AGREEMENTS OF BUYER 24 Section 8.1 Insurance 24 Section 8.2 Sellers’ Names and Marks 25 ARTICLE IX MUTUAL COVENANTS AND AGREEMENTS 25 Section 9.1 Efforts to Closing 25 Section 9.2 Notice of Certain Events 25 Section 9.3 Confidentiality; Press Releases 25 Section 9.4 Maintenance of Books and Records; Sellers’ Access 27 ARTICLE X OTHER COVENANTS AND AGREEMENTS 28 Section 10.1 Transfer of Fanapt Registrations 28 Section 10.2 Assumption of Regulatory Commitments 28 Section 10.3 Response to Medical Inquiries and Fanapt Complaints 28 Section 10.4 Delivery of Assets 28 Section 10.5 Representations to Customers 29 ARTICLE XI CONDITIONS PRECEDENT 29 Section 11.1 Conditions to Closing 71 Each Party’s Obligations 29 Section 6.2 Seller’s 11.2 Conditions to Closing 73 Obligations of Buyer 29 Section 11.3 Conditions to the Obligations of Seller 30 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY XII TERMINATION, AMENDMENT AND WAIVERS 74 WAIVER 30 Section 7.1 12.1 Termination 30 Section 12.2 Effect of Termination 31 ARTICLE XIII INDEMNIFICATION 31 Section 13.1 Survival 74 31 Section 7.2 13.2 Indemnification by Seller 74 Sellers 32 Section 7.3 13.3 Indemnification by Buyer 74 33 Section 7.4 Certain 13.4 Exclusive Remedies 34 Section 13.5 Other Indemnification Limitations 34 Section 13.6 Procedure 34 ARTICLE XIV GENERAL PROVISIONS 35 Section 14.1 Non-Recourse 35 Section 14.2 Expenses 35 Section 14.3 Notices 35 CONFIDENTIAL TREATMENT REQUESTED Section 14.4 Headings 37 Section 14.5 Severability 37 Section 14.6 Counterparts 38 Section 14.7 Entire Agreement; No Third Party Beneficiaries 38 Section 14.8 Amendments, Waivers and Provisions 75 Drafting 38 Section 7.5 Indemnification Procedures 77 14.9 Governing Law; Jurisdiction 38 Section 7.6 Tax Treatment of Indemnification Payments 7814.10 WAIVER OF JURY TRIAL 39 Section 14.11 Binding Effect; Assignment 39

Appears in 1 contract

Samples: Asset Transfer Agreement (Vanda Pharmaceuticals Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 AND BUYER SUB 16 Section 3.1 Organization, Qualification and Corporation Power 16 Section 3.2 Authority Relative to this Agreement 17 Section 3.3 No Conflict; Required Filings and Consents 17 Section 3.4 Broker’s Fees 18 Section 3.5 Disclosure 18 TABLE OF CONTENTS (continued) page ARTICLE IV CONDITIONS OF MERGER 18 Section 4.1 Organization and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access to Obligations of Buyer and Seller 54 Buyer Sub to Effect the Merger 18 Section 5.5 Conduct 4.2 Conditions to Obligations of Business Pending the Closing 56 Company and the Shareholders to Effect the Merger 19 ARTICLE V FURTHER ASSURANCES AND COVENANTS 19 Section 5.6 Termination 5.1 Audited Financial Statements 19 Section 5.2 Non-Competition and Other Covenants 20 Section 5.3 Reimbursable Expenses 20 Section 5.4 CLEC License 21 ARTICLE VI SURVIVAL AND INDEMNIFICATION 21 Section 6.1 Survival of Certain Services Representations 21 Section 6.2 Indemnification of Buyer 21 Section 6.3 Indemnification of Stockholder and Contracts; Transition Matters 58 Company 22 ARTICLE VII GENERAL AND MISCELLANEOUS PROVISIONS 22 Section 5.7 Seller Marks 59 7.1 Notices 22 Section 5.8 Employee Matters 60 7.2 Expenses 23 Section 5.9 ISO-NE and NEPOOL Matters 66 7.3 Amendment 23 Section 5.10 Post-Closing Operations 67 7.4 Entire Agreement 23 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 7.5 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 23 Section 7.6 Tax Treatment No Third-Party Beneficiaries 24 Section 7.7 Assignment 24 Section 7.8 Severability 24 Section 7.9 Governing Law 24 Section 7.10 Consent to Jurisdiction 24 Section 7.11 Headings; Interpretation 24 Section 7.12 Construction 24 Section 7.13 Counterparts 25 Section 7.14 Confidentiality 25 AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER, dated as of Indemnification Payments 78March 1, 2004 (this “Agreement”), is made by and among DFW Internet Services, Inc., a Texas corporation (“Buyer”), DFW Internet Acquisition Corp., a Delaware corporation, a direct and wholly owned subsidiary of Buyer (“Buyer Sub”), Internet Express, Inc., a Texas corporation (the “Company”), J. Gxxxx Xxxxxx (“Gxxxx Xxxxxx”) and Lxxxxxx Xxxxxx (“Lxxxxxx Xxxxxx”) (Gxxxx Xxxxxx and Lxxxxxx Xxxxxx being collectively referred to as the “Stockholders”), both being residents of the State of Texas and together constituting the sole stockholders of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mobilepro Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 SECTION 5.1. Organization and Existence 45 Section 4.2 Authority 11 SECTION 5.2. Authorization 11 SECTION 5.3. Consents and Enforceability 45 Section 4.3 Filings 12 SECTION 5.4. Noncontravention 46 Section 4.4 12 SECTION 5.5. Legal Proceedings 46 Section 4.5 12 SECTION 5.6. Compliance with Laws 46 Section 4.6 12 SECTION 5.7. Brokers 46 Section 4.7 Availability of 12 SECTION 5.8. Investment Intent 13 SECTION 5.9. Available Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent 13 SECTION 5.10. Investigation 47 Section 4.12 13 SECTION 5.11. Disclaimer Regarding Projections 47 13 SECTION 5.12. No Other Representations or Warranties 13 ARTICLE V VI COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 SECTION 6.1. Access of Buyer and Seller 54 Section 5.5 to Information 14 SECTION 6.2. Conduct of Business Pending the Closing 56 Section 5.6 14 SECTION 6.3. Support Obligations 16 SECTION 6.4. Confidentiality; Publicity 18 SECTION 6.5. Expenses 18 SECTION 6.6. Governmental Filings 18 SECTION 6.7. Meter Reading 20 SECTION 6.8. Seller Marks 20 SECTION 6.9. Risk of Loss 21 SECTION 6.10. Insurance 21 SECTION 6.11. Termination of Certain Services and Contracts; Transition Services 21 SECTION 6.12. Distributions 22 SECTION 6.13. Transfer Taxes 22 SECTION 6.14. Employee, Labor and Benefits Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 22 SECTION 6.15. Tax Matters 67 Section 5.14 28 SECTION 6.16. Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Actions 30 SECTION 6.17. Preparation of Audited Financial Statements 31 ARTICLE VI VII SPECIFIED CONDITIONS TO CLOSING 71 Section 6.1 SECTION 7.1. Buyer’s Conditions to Closing 71 Section 6.2 Condition Precedents 32 SECTION 7.2. Seller’s Conditions to Closing 73 Condition Precedents 33 ARTICLE VII INDEMNIFICATIONVIII SURVIVAL; LIMITATIONS OF LIABILITY INDEMNIFICATION AND WAIVERS 74 Section 7.1 RELEASE SECTION 8.1. Survival 74 Section 7.2 34 SECTION 8.2. Indemnification by Seller 74 Section 7.3 34 SECTION 8.3. Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 35 SECTION 8.4. Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7836 Page

Appears in 1 contract

Samples: Stock Purchase Agreement (Ugi Utilities Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 19 4.1. Organization, Power and Existence 45 Section 4.2 Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 19 4.2. Authorization; No Breach 19 4.3. Brokerage 20 ARTICLE V COVENANTS 48 Section 5.1 Pre-Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer Covenants and Seller 54 Section 5.5 Agreements 20 5.1. Conduct of Business Pending the Closing 56 Section 5.6 Termination 20 5.2. Further Assurances 21 5.3. Access 21 5.4. Notification of Certain Services Matters 21 5.5. Exclusivity 21 5.6. Qualifications 22 ARTICLE VI Closing Conditions 22 6.1. Conditions Precedent to Obligations of Buyer 22 6.2. Conditions Precedent to Obligations of the Sellers 24 ARTICLE VII Indemnification 25 7.1. Survival of Representations and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Warranties 25 7.2. General Indemnification 25 ARTICLE VIII Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Covenants and Agreements 29 8.1. Tax Matters 67 29 8.2. Non-Solicitation and Non-Competition 31 8.3. Further Assurances; Transition Assistance 33 8.4. Confidentiality 33 8.5. Release 33 ARTICLE IX Termination 34 9.1. Termination 34 9.2. Effect of Termination 34 ARTICLE X Definitions 34 ARTICLE XI Miscellaneous 41 11.1. Fees and Expenses 41 11.2. Press Release and Announcements 41 11.3. Remedies 41 11.4. Consent to Amendments; Waivers 41 11.5. Successors and Assigns 41 11.6. Severability 42 11.7. Counterparts 42 11.8. Descriptive Headings; Interpretation 42 11.9. Entire Agreement 42 11.10. Confidentiality Agreement. 42 11.11. No Third-Party Beneficiaries 42 11.12. Schedules and Exhibits 43 11.13. Governing Law 43 11.14. Waiver of Jury Trial 43 11.15. Jurisdiction 43 11.16. Notices 43 11.17. No Strict Construction 45 EXHIBITS AND SCHEDULES Exhibits Exhibit A – Form of the Escrow Agreement Exhibit B – Net Working Capital Exhibit C – Supply Agreement Exhibit D – Form of Lease Schedules (and Relevant Section 5.14 Further Assurances 68 Section 5.15 References) Schedule Modifications During 2.1 – Qualifications Schedule 2.2 – Capitalization Schedule 2.3 – Indebtedness Schedule 2.4 – Consents Schedule 2.5 – Financial Statements Schedule 2.6 – Liabilities Schedule 2.8 – Product Warranty Schedule 2.9 – Developments Schedule 2.11 – Taxes Schedule 2.12 – Contracts Schedule 2.13 – Intellectual Property Schedule 2.14 – Litigation Schedule 2.16 – Insurance Schedule 2.17 – Labor Matters Schedule 2.18 – Employee Benefits Schedule 2.19(a) – Compliance Schedule 2.19(b) – Permits Schedule 2.20 – Environmental Schedule 2.21 – Affiliate Transactions Schedule 2.22 – Suppliers and Customers Schedule 2.23 – Leased Property Schedule 5.1 – Conduct of Business Schedule 6.1(e) – Distribution of Excluded Assets Schedule 8.1 – Purchase Price Allocation Schedule 10 – Truck Leases STOCK PURCHASE AGREEMENT This STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of May 11, 2005, is entered into by and among Keystone Automotive Operations, Inc., a Pennsylvania corporation (“Buyer”), Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx and Xxxxxx X. Xxxxxx (“Sellers”), and Blacksmith Distributing, Inc., an Indiana corporation (the Interim Period “Company”). Capitalized terms used herein and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 not otherwise defined herein have the meanings given to such terms in ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78X below.

Appears in 1 contract

Samples: Stock Purchase Agreement (Keystone Automotive Operations Inc)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 48 Section 4.1 Organization and Existence 45 Authority of Buyer 48 Section 4.2 Authority and Enforceability 45 No Conflicts; Consents 49 Section 4.3 Noncontravention 46 Legal Proceedings; Governmental Orders 50 Section 4.4 Legal Proceedings 46 Funding; Solvency 50 Section 4.5 Compliance with Laws 46 Brokers 51 Section 4.6 Brokers 46 Investment Purpose 51 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Investigation; No Other Representations and Warranties 51 ARTICLE V COVENANTS 48 5 POST-CLOSING AGREEMENTS 52 Section 5.1 Closing Conditions 48 Notifications and Consents 52 Section 5.2 Notices, Consents; Approvals 48 Public Announcements 52 Section 5.3 Assigned Contracts 51 Books and Records 53 Section 5.4 Access of Buyer and Seller 54 Confidentiality 53 Section 5.5 Conduct of Business Pending the Closing Employment and Benefits Arrangements 55 Section 5.6 Insurance Coverage 56 Section 5.6 Termination of Certain Services and Contracts5.7 Retained Assets; Transition Matters 58 Pre-Closing Asset Contribution; Intercompany Account Settlement 57 Section 5.7 Seller Marks 5.8 Further Assurances; Transferred Assets 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Restrictive Covenants 59 Section 5.10 Litigation Support 61 Section 5.11 Real Property Lease Assignments 61 Section 5.12 Intellectual Property 61 Section 5.13 Reverse Transition Services 62 ARTICLE 6 TAX MATTERS 63 Section 6.1 Post-Closing Operations Tax Returns 63 Section 6.2 Apportionment 64 Section 6.3 Reimbursement and Refunds 65 Section 6.4 Tax Cooperation 66 Section 6.5 Transfer Taxes 67 Section 5.11 Post-Closing Environmental Matters 6.6 Tax Sharing Agreements 67 Section 5.12 Transfer Taxes; Expenses 6.7 Tax Indemnification 67 Section 5.13 6.8 Procedures Relating to Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty Indemnification 70 Section 5.17 Condemnation 70 6.9 Section 5.18 Confidentiality 338(h)(10) Election 71 Section 5.19 Public Announcements 71 6.10 Treasury Regulations Section 5.20 Mercury Removal Contract 1.1502-36 Election 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII 7 SURVIVAL; INDEMNIFICATION; LIMITATIONS OF ON LIABILITY AND WAIVERS 74 72 Section 7.1 Survival 74 72 Section 7.2 Indemnification by Seller 74 72 Section 7.3 Indemnification by Buyer 74 73 Section 7.4 Certain Limitations and Provisions 75 Other Matters Relating to Indemnification 74 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment Exclusive Remedy; No Duplication; No Right to Set-off 78 ARTICLE 8 MISCELLANEOUS 79 Section 8.1 Fees and Expenses 79 Section 8.2 Notices 79 Section 8.3 Entire Agreement 81 Section 8.4 Amendment 81 Section 8.5 Waivers 81 Section 8.6 Severability 81 Section 8.7 No Third Party Beneficiaries 81 Section 8.8 Assignment 82 Section 8.9 Governing Law 82 Section 8.10 Consent to Jurisdiction; Waiver of Indemnification Payments 78Jury Trial 82 Section 8.11 Remedies 83 Section 8.12 Interpretation; Construction 83 Section 8.13 Counterparts and Electronic Signatures 85 Section 8.14 Releases 85 Section 8.15 Provision Regarding Legal Representation 86 EXHIBITS Exhibit A – Illustrative Net Working Capital SCHEDULES Seller Disclosure Schedules Buyer Disclosure Schedules SECURITIES PURCHASE AGREEMENT This SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of May 6, 2020, is entered into by and among MEDNAX Services, Inc., a Florida corporation (the “Seller”), and NMSC II, LLC, a Delaware limited liability company (the “Buyer”).

Appears in 1 contract

Samples: Securities Purchase Agreement (Mednax, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 37 Section 4.1 4.1. Corporate Organization 37 Section 4.2. Authorization and Existence 45 Validity of Agreement 37 Section 4.2 Authority 4.3. No Conflict or Violation 37 Section 4.4. Consents and Enforceability 45 Approvals 37 Section 4.3 Noncontravention 46 4.5. Investment Intent 37 Section 4.4 Legal Proceedings 46 4.6. Investment Awareness 37 Section 4.5 Compliance with Laws 46 4.7. Acknowledgment of No Other Representations and Warranties of the Seller 37 Section 4.6 Brokers 46 4.8. Solvency 38 Section 4.7 Availability of Funds 46 4.9. No Other Representations and Warranties 38 ARTICLE V. COVENANTS OF THE PARTIES 38 Section 4.8 Qualified Buyer 47 5.1. Necessary Consents and Approvals 38 Section 4.9 Governmental Approvals 47 5.2. Access and Information 39 Section 4.10 WARN Act 47 5.3. Books and Records 39 Section 4.11 Independent Investigation 47 5.4. Existing Third Party Indemnification Rights 40 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 5.5. Director and Officer Indemnification Rights 40 Section 5.1 Closing Conditions 48 5.6. Tax Matters 41 Section 5.2 Notices, Consents; Approvals 48 5.7. Insurance 44 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 5.8. Post-Closing Operations 67 Receipts 45 Section 5.11 Post-Closing 5.9. Employees and Employee Benefits 45 ARTICLE VI. ADDITIONAL COVENANTS OF THE PARTIES 46 Section 6.1. Consummation of the Stock Purchase 46 Section 6.2. Information 47 Section 6.3. Confidentiality 47 Section 6.4. Use of Name 47 Section 6.5. Environmental Matters 67 48 ARTICLE VII. INDEMNIFICATION 48 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 7.1. Indemnification by Seller 74 48 Section 7.3 7.2. Indemnification by Buyer 74 and the Company 50 Section 7.4 Certain 7.3. Indemnification Procedures; Escrow 50 Section 7.4. Indemnification Limitations 52 ARTICLE VIII. SURVIVAL 56 Section 8.1. Survival of Representations, Warranties and Provisions 75 Covenants 56 ARTICLE IX. MISCELLANEOUS 56 Section 7.5 Indemnification Procedures 77 9.1. Successors and Assigns 56 Section 7.6 Tax Treatment 9.2. GOVERNING LAW; JURISDICTION 57 Section 9.3. Expenses 57 Section 9.4. Broker’s and Finder’s Fees 57 Section 9.5. Severability 57 Section 9.6. Notices 57 Section 9.7. Amendments; Waivers 58 Section 9.8. Specific Performance 58 Section 9.9. Public Announcements 59 Section 9.10. Entire Agreement 59 Section 9.11. Parties in Interest 59 Section 9.12. Schedule Disclosures 59 Section 9.13. Section and Paragraph Headings 59 Section 9.14. Counterparts 59 Section 9.15. Representation of Indemnification Payments 78Seller 59 STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of October 17, 2013, is by and among Commercial Metals Company, a Delaware corporation (the “Seller”), Xxxxxx Metal Company, a Virginia corporation (the “Company”), and Xxxxxxx Copper Tube Products, Inc., a Delaware corporation (the “Buyer”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Commercial Metals Co)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization 4.1. Formation and Existence 45 Authority of Buyer 38 Section 4.2 Authority 4.2. No Conflict 39 Section 4.3. Consents and Enforceability 45 Approvals 39 Section 4.3 Noncontravention 46 4.4. Securities Laws Matters 40 Section 4.4 Legal Proceedings 46 4.5. Litigation 40 Section 4.5 Compliance with Laws 46 4.6. [Intentionally omitted] 40 Section 4.6 4.7. Brokers 46 40 Section 4.7 Availability of Funds 46 4.8. Investigation 40 Section 4.8 Qualified Buyer 47 4.9. Financing; Guaranty 41 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 4.10. Disclaimer Regarding Projections 47 ARTICLE 41 Article V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.1. Conduct of Business Pending of the Closing Company 41 Section 5.2. Access to Information 44 Section 5.3. Reasonable Best Efforts 44 Section 5.4. Consents, Approvals and Filings 44 Section 5.5. Access to Books and Records 47 Section 5.6. Public Announcements 48 Section 5.7. Intercompany Obligations and Arrangements 49 Section 5.8. Use of Names 49 Section 5.9. Directors 50 Section 5.10. Contact with Customers, Employees, Etc 51 Section 5.11. Confidentiality 51 Section 5.12. D&O Liabilities 52 Section 5.13. Amendment of Tax Returns 52 Section 5.14. Reserve Facility; CARVM Facility 53 Section 5.15. Deed of Novation 55 Section 5.16. Excluded Assets 55 Section 5.17. Structuring Fee Tax Benefit 55 Section 5.18. Capitalization of Captive 55 Section 5.19. Surplus Note Purchase Contracts 56 Section 5.6 Termination 5.20. Pre-Closing Sale of Certain Services and Contracts; Transition Matters 58 Investment Assets 56 Section 5.7 Seller Marks 59 5.21. Front Street Reinsurance Transaction 57 Section 5.8 5.22. Amendment of 2008 CARVM Treaty 61 Section 5.23. Proposed Wilton Reinsurance Transactions 61 Article VI EMPLOYEE MATTERS Section 6.1. Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7863 Article VII

Appears in 1 contract

Samples: Stock Purchase Agreement (Fidelity & Guaranty Life)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 16 Section 4.1 Organization 4.01 Corporate Existence and Power 16 Section 4.02 Corporate Authorization 17 Section 4.03 Governmental Authorization 17 Section 4.04 Non-contravention 17 Section 4.05 Finders’ Fees 18 Section 4.06 Absence of Litigation 18 Section 4.07 Financing 18 Section 4.08 Investment Intention 19 Section 4.09 Regulatory Matters 19 Section 4.10 No Other Representations or Warranties 19 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE COMPANY 20 Section 5.01 Corporate Existence 45 and Power 20 Section 4.2 5.02 Authority and Enforceability 45 of the Company 20 Section 4.3 Noncontravention 46 5.03 Governmental Authorization 21 Section 4.4 Legal Proceedings 46 5.04 Non-Contravention 22 Section 4.5 5.05 Absence of Litigation 22 Section 5.06 Finders’ Fees 22 Section 5.07 Capitalization 23 Section 5.08 Compliance with Laws and Orders 24 Section 5.09 SEC Documents; Financial Statements 24 Section 5.10 Insurance Regulatory Matters 26 Section 5.11 Reinsurance. 27 Section 5.12 No Other Representations or Warranties 29 ARTICLE VI COVENANTS OF THE PARTIES 29 Section 6.01 Conduct of the Business 29 Section 6.02 Reasonable Best Efforts 29 Section 6.03 Public Announcements 33 Section 6.04 Confidentiality 34 Section 6.05 Exclusivity 34 Section 6.06 Seller Transfer Restrictions 34 Section 6.07 Buyer Transfer Restrictions 36 Section 6.08 Right of First Offer 36 Section 6.09 Voting 37 Section 6.10 Secondment Agreement 38 Section 6.11 Buyer Designees 38 ARTICLE VII CONDITIONS TO THE CLOSING 38 Section 7.01 Conditions to the Obligations of Each Party 38 Section 7.02 Conditions to the Obligations of Buyer 39 Section 7.03 Conditions to the Obligations of Seller and the Company 40 ARTICLE VIII TERMINATION; SURVIVAL 40 Section 8.01 Termination 40 Section 8.02 Effect of Termination 42 Section 8.03 No Survival 42 ARTICLE IX MISCELLANEOUS 42 Section 9.01 Notices 42 Section 9.02 Amendments and Waivers 44 Section 9.03 Costs and Expenses 44 Section 9.04 Binding Effect; Benefit; Assignment 44 Section 9.05 Governing Law 45 Section 9.06 Jurisdiction 45 Section 9.07 Waiver of Jury Trial 46 Section 4.6 Brokers 9.08 Counterparts; Effectiveness 46 Section 4.7 Availability of Funds 9.09 Entire Agreement 46 Section 4.8 Qualified Buyer 9.10 Severability 46 Section 9.11 Specific Performance; Remedies 46 Section 9.12 Reserves 47 Section 4.9 Governmental 9.13 Controlling Language of this Agreement 47 Schedule A – Regulated Entity Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 NoticesSchedule B – Required Regulated Entity Approvals Schedule C – List of Competitors Exhibit A – Form of Stockholder’s Agreement Exhibit B – Form of Registration Rights Agreement STOCK PURCHASE AGREEMENT STOCK PURCHASE AGREEMENT (this “Agreement”), Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access dated as of May 16, 2024, is entered into by and among American International Group, Inc., a Delaware corporation (“Seller”), Nippon Life Insurance Company, a mutual company (sougogaisha) organized under the laws of Japan (“Buyer”) and Corebridge Financial, Inc., a Delaware corporation (the “Company”). Seller, Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During Company are each sometimes referred to herein individually as a “Party” and, collectively, as the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78“Parties”.

Appears in 1 contract

Samples: Stock Purchase Agreement (Corebridge Financial, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Organization and Existence 45 Section 4.2 30 5.1. Corporate 30 5.2. Authority and Enforceability 45 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 30 5.3. No Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V or Finders 30 6. COVENANTS 48 Section 5.1 PRIOR TO THE CLOSING 30 6.1. Pre-Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 to Information 30 6.2. Conduct of Business Pending the Closing 56 Section 5.6 Termination of 31 6.3. Further Actions 32 6.4. Certain Services and ContractsFilings 33 6.5. Title Insurance 33 6.6. Surveys26 33 6.7. Estoppel Certificates; Transition Nondisturbance Agreements 33 6.8. Product Liability Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee 34 6.9. Sales Tax Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 35 6.10. Notification 35 6.11. Disclosure 35 7. ADDITIONAL COVENANTS 35 7.1. Post-Closing Operations 67 Section 5.11 PostAccess to Information; Cooperation 35 7.2. Employee Matters 36 7.3. Use of the Companies’ Names 37 7.4. Unemployment Compensation 38 7.5. Bulk Sales Compliance 38 7.6. Further Agreements 38 7.7. COBRA 38 7.8. Confidential Information 38 7.9. Cash Management; Intercompany Accounts 39 7.10. Further Assurances 39 8. CONDITIONS PRECEDENT TO BUYER’S OBLIGATIONS 39 8.1. Representations and Warranties True on the Closing Date 39 8.2. Compliance With Agreement 40 8.3. Absence of Litigation 40 8.4. Consents and Approvals 40 8.5. Regulatory Approvals 40 8.6. Title Insurance Policies 40 8.7. No Material Adverse Change 40 9. CONDITIONS PRECEDENT TO COMPANIES’ OBLIGATIONS 40 9.1. Representations and Warranties True on the Closing Date 40 9.2. Compliance With Agreement 41 9.3. Absence of Litigation 41 9.4. Regulatory Approvals 41 10. INDEMNIFICATION 41 10.1. By the Companies 41 10.2. By Buyer 41 10.3. Indemnification of Third Party Claims 42 10.4. Payment 43 10.5. Limitations on Indemnification 43 10.6. No Waiver 44 10.7. Set-Off 44 11. CLOSING 44 11.1. Closing Date; Location 44 11.2. Documents to be Delivered by the Companies 45 11.3. Documents to be Delivered by Buyer 46 12. TERMINATION 47 12.1. Termination Without Breach 47 12.2. Termination for Breach 48 13. MISCELLANEOUS 49 13.1. Appointed Agent 49 13.2. Disclosure Schedule 49 13.3. Publicity 49 13.4. Assignment 50 13.5. Parties in Interest 50 13.6. Law Governing Agreement; Consent to Jurisdiction 50 13.7. WAIVER OF JURY TRIAL 50 13.8. Severability 51 13.9. Amendment 51 13.10. Waiver 51 13.11. Notice 51 13.12. Expenses 52 13.13. Equitable Relief 53 13.14. Entire Agreement 53 13.15. Counterparts 53 13.16. No Strict Construction 53 13.17. Interpretive Provisions 53 13.18. Definitions 54 SCHEDULES Schedule 2.1(b) - Tangible Personal Property Interests Schedule 2.1(c) - Inventory Schedule 2.1(k) - Other Assets Schedule 2.2(k) - Other Excluded Assets Schedule 2.3(a) - Final Closing Balance Sheet Liabilities Schedule 2.4(p) - Other Excluded Liabilities Schedule 3.4 - Allocation of Purchase Price Schedule 4.1(c) - Qualification Schedule 4.1(e) - Directors and Officers Schedule 4.4 - No Violation Schedule 4.5(a) - Financial Statements Schedule 4.6(b) - Tax Audits Schedule 4.7 - Transferred Receivables Schedule 4.8 - Inventory Schedule 4.9 - Absence of Certain Changes Schedule 4.10 - Absence of Undisclosed Liabilities Schedule 4.11 - No Litigation Schedule 4.12(a) - Compliance with Laws and Orders Schedule 4.12(b) - Licenses and Permits Schedule 4.12(c) - Environmental Matters 67 Section 5.12 Transfer TaxesSchedule 4.13(a)(ii) - Marketable Title Schedule 4.13(c) - Real Property Schedule 4.14(a) - Business Insurance Policies Schedule 4.14(c) - Insurance Claims Schedule 4.15 - Contracts and Commitments Schedule 4.18(a) - Employee Benefit Plans Schedule 4.19 - Employees; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Compensation Schedule Modifications During 4.20 - Trade Rights Schedule 4.21(a) - Major Customers Schedule 4.21(b) - Major Suppliers Schedule 4.21(c) - Agents, Brokers and Sales Representatives Schedule 4.22 - Product Recalls Schedule 4.22(e) - Certifications and Audits Schedule 4.23 - Certain Relationships to the Interim Period Companies Schedule 4.24 - Assets and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions Services Necessary to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations Business Schedule 4.25 - No Brokers or Finders Schedule 8.4 - Consents and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Approvals Schedule 13.17 - Companies’ Knowledge

Appears in 1 contract

Samples: Asset Purchase Agreement (Inventure Foods, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 30 Section 4.1 Organization and Existence 45 Good Standing 30 Section 4.2 Authority and Enforceability 45 Authorization 30 Section 4.3 Noncontravention 46 Consents and Approvals; No Violations 30 Section 4.4 Legal Proceedings 46 Litigation 31 Section 4.5 Compliance with Laws 46 Certain Fees 31 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Financial Ability 31 ARTICLE V COVENANTS 48 32 Section 5.1 Closing Conditions 48 Consents 32 Section 5.2 Notices, Consents; Approvals 48 Accounts Receivable 32 Section 5.3 Assigned Contracts 51 Inspection of Records 32 Section 5.4 Access of Buyer and Seller 54 Link to Buyer’s Website 33 Section 5.5 Conduct of Business Pending the Closing 56 Trademarks 33 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Covenant Not to Compete 33 Section 5.7 Seller Marks 59 Disclosure of Confidential Information 33 Section 5.8 Employee Matters 60 Injunctive Relief 34 Section 5.9 ISO-NE Payroll Taxes and NEPOOL Matters 66 Payroll Records 34 Section 5.10 Post-Closing Operations 67 Health Insurance 34 Section 5.11 Post-Closing Environmental Matters 67 COBRA Liabilities 34 Section 5.12 Transfer Taxes; Expenses 67 401(k) Termination 35 Section 5.13 Tax Matters 67 Clearance Certificates and Allocations 35 Section 5.14 Option Grants and Bonus Plan 35 Section 5.15 Investigation by Sellers 35 Section 5.16 Investigation by Buyer 35 Section 5.17 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 36 ARTICLE VI CONDITIONS TO CLOSING 71 SURVIVAL OF REPRESENTATIONS; INDEMNIFICATIONS 36 Section 6.1 Survival of Representations 36 Section 6.2 Sellers’ Agreement to Indemnify 36 Section 6.3 Buyer’s Conditions Agreement to Closing 71 Indemnify 37 Section 6.2 Seller’s Conditions to Closing 73 6.4 Third Party Indemnification 38 Section 6.5 Certain Tax Matters 39 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 MISCELLANEOUS 40 Section 7.1 Survival 74 Fees and Expenses 40 Section 7.2 Indemnification by Seller 74 Further Assurances 40 Section 7.3 Indemnification by Buyer 74 Counterparts 40 Section 7.4 Certain Limitations and Provisions 75 Notices 40 Section 7.5 Indemnification Procedures 77 Amendments and Waivers 42 Section 7.6 Tax Treatment of Indemnification Payments 78Severability 42 Section 7.7 Binding Effect; Assignment 42 Section 7.8 No Third Party Beneficiaries 42

Appears in 1 contract

Samples: Asset Purchase Agreement (Higher One Holdings, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 28 Section 4.1 Organization 7.1 Organization, Good Standing and Existence 45 Qualification of Buyer 28 Section 4.2 Authority 7.2 Organization, Good Standing and Enforceability 45 Qualification of Parent 28 Section 4.3 Noncontravention 46 7.3 Authorization 28 Section 4.4 7.4 No Conflicts; Consents 28 Section 7.5 Legal Proceedings 46 29 Section 4.5 7.6 Capitalization 29 Section 7.7 U.S. Exchange Act Registration 29 Section 7.8 Financial Statements 29 Section 7.9 Independent Accountant 29 Section 7.10 Investment Company 29 Section 7.11 Necessary Licenses, Compliance with Laws 46 and Regulations and Performance of Obligations and Contracts 30 Section 4.6 Brokers 46 7.12 No Registration Rights 30 Section 4.7 Availability 7.13 Xxxxxxxx-Xxxxx 30 Section 7.14 Taxes 30 Section 7.15 Disclosure 30 Section 7.16 Brokerage Commission 31 ARTICLE VIII COVENANTS OF SELLER 31 Section 8.1 Stand Still 31 Section 8.2 Access; Due Diligence 31 Section 8.3 Continuation of Funds 46 Business 31 Section 4.8 Qualified Buyer 47 8.4 Preservation and Transition of Marijuana Product 33 Section 4.9 Governmental Approvals 47 8.5 Notice of Certain Events 33 Section 4.10 WARN Act 47 8.6 Restrictive Covenants 33 Section 4.11 Independent Investigation 47 8.7 Financial Statements 35 Section 4.12 Disclaimer Regarding Projections 47 8.8 COBRA 36 Section 8.9 Hired Employees 36 Section 8.10 Trading Restrictions 36 Section 8.11 Pre-Closing Cash Dividend 36 ARTICLE V COVENANTS 48 IX CONDITIONS TO CLOSING 36 Section 5.1 9.1 Conditions to Closing of All Parties 36 Section 9.2 Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access to Closing of Buyer and Seller 54 Parent 37 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s 9.3 Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by of Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 7838

Appears in 1 contract

Samples: Asset Purchase Agreement (Medicine Man Technologies, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 52 Section 4.1 4.01 Organization and Existence 45 Authority of Buyer. 52 Section 4.2 Authority and Enforceability 45 4.02 No Conflicts; Consents. 52 Section 4.3 Noncontravention 46 4.03 Investment Purpose. 53 Section 4.4 4.04 Brokers. 53 Section 4.05 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 Proceedings. 53 ARTICLE V COVENANTS 48 53 Section 5.1 Closing Conditions 48 Section 5.2 Notices, Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Section 5.4 Access of Buyer and Seller 54 Section 5.5 5.01 Conduct of Business Pending Prior to the Closing Closing. 53 Section 5.02 Access to Information. 54 Section 5.03 No Solicitation of Other Bids. 54 Section 5.04 Notice of Certain Events. 55 Section 5.05 Resignations. 55 Section 5.06 Confidentiality. 56 Section 5.6 Termination of Certain Services 5.07 Non-competition; Non-solicitation. 56 Section 5.08 Governmental Approvals and Contracts; Transition Matters Consents. 58 Section 5.7 Seller Marks 5.09 Books and Records. 59 Section 5.8 Employee Matters 5.10 Closing Conditions 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Public Announcements. 60 Section 5.12 Transfer Taxes; Expenses 67 Shareholders' Guranantees. 60 Section 5.13 Tax Matters 67 Further Assurances. 61 Section 5.14 Further Assurances 68 Buyer's Retirement Plan. 61 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Closed Retail Locations. 61 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 Payment of Bonus Compensation. 61 ARTICLE VI TAX MATTERS 61 Section 6.01 Tax Covenants; Tax Returns. 61 Section 6.02 Tax Indemnification. 62 Section 6.03 Allocation of Purchase Price. 63 Section 6.04 Contests. 63 Section 6.05 Tax Refunds. 63 Section 6.06 Cooperation and Exchange of Information. 64 Section 6.07 [intentionally deleted]. 64 Section 6.08 Overlap. 64 ARTICLE VII CONDITIONS TO CLOSING 64 Section 7.01 Conditions to Obligations of All Parties. 64 Section 7.02 Conditions to Obligations of Buyer. 65 Section 7.03 Conditions to Obligations of Seller. 67 ARTICLE VIII INDEMNIFICATION 69 Section 8.01 Survival. 69 Section 8.02 Indemnification By Seller and Shareholders. 69 Section 8.03 Indemnification By Buyer. 70 Section 8.04 Certain Limitations. 71 Section 6.1 Buyer’s Conditions to Closing 71 8.05 Indemnification Procedures. 72 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 788.06 Payments. 74

Appears in 1 contract

Samples: Employment Agreement (Turning Point Brands, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 AND BUYER PARENT 61 Section 4.1 Organization and 5.1 Corporate Existence 45 61 Section 4.2 5.2 Corporate Authority and Enforceability 45 61 Section 4.3 Noncontravention 46 Section 4.4 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 Section 4.6 Brokers 46 Section 4.7 Availability of Funds 46 Section 4.8 Qualified Buyer 47 Section 4.9 5.3 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Section 5.2 Notices, and Consents; Approvals 48 Section 5.3 Assigned Contracts 51 Non-Contravention 62 Section 5.4 Litigation 62 Section 5.5 Financial Capacity 62 Section 5.6 Finders; Brokers 63 Section 5.7 Solvency 63 Section 5.8 Securities Act 63 Section 5.9 Independent Investigation; No Reliance 63 Article 6 AGREEMENTS OF BUYER AND SELLER 64 Section 6.1 Operation of the Business 64 Section 6.2 Access to Information; Confidentiality; Financing 68 Section 6.3 Necessary Efforts; No Inconsistent Action 72 Section 6.4 Public Disclosures 74 Section 6.5 Post-Closing Access to Records and Personnel 75 Section 6.6 Employee Relations and Benefits 76 Section 6.7 Insurance Matters 82 Section 6.8 Tax Matters 83 Section 6.9 Indemnification of Directors and Officers 93 Section 6.10 Further Assurances; Post-Closing Payments 94 Section 6.11 Privileges 95 Section 6.12 Use of Seller Names and Marks 96 Section 6.13 Transition Services 96 Section 6.14 Guarantees 96 Section 6.15 Existing Intercompany Agreements and Arrangements 97 Section 6.16 R&W Insurance Policy 97 Section 6.17 Cooperation with Litigation 97 Section 6.18 Exclusivity 98 Section 6.19 Datasite 98 Section 6.20 Restrictive Covenants. 98 Section 6.21 Bank Accounts 99 Section 6.22 Title Insurance 99 Section 6.23 Release 99 Section 6.24 Release of Liens 100 Section 6.25 Integration Planning 100 Section 6.26 Environmental Matters 101 Article 7 CONDITIONS TO CLOSING 103 Section 7.1 Conditions Precedent to Obligations of Buyer and Seller 54 Section 5.5 Conduct of Business Pending the Closing 56 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Section 5.7 Seller Marks 59 Section 5.8 Employee Matters 60 Section 5.9 ISO-NE and NEPOOL Matters 66 Section 5.10 Post-Closing Operations 67 Section 5.11 Post-Closing Environmental Matters 67 Section 5.12 Transfer Taxes; Expenses 67 Section 5.13 Tax Matters 67 Section 5.14 Further Assurances 68 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Section 5.16 Casualty 70 Section 5.17 Condemnation 70 Section 5.18 Confidentiality 71 Section 5.19 Public Announcements 71 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 103 Section 7.2 Indemnification by Conditions Precedent to Obligation of Seller 74 and the Other Sellers 103 Section 7.3 Indemnification Conditions Precedent to Obligation of Buyer 104 Article 8 CLOSING 105 Section 8.1 Closing Date 105 Section 8.2 Buyer Obligations 105 Section 8.3 Seller Obligations 105 Article 9 SURVIVAL 105 Section 9.1 No Survival 105 Article 10 TERMINATION 106 Section 10.1 Termination Events 106 Section 10.2 Effect of Termination 107 Section 10.3 Expenses 107 Article 11 MISCELLANEOUS 108 Section 11.1 Notices 108 Section 11.2 Bulk Transfers 110 Section 11.3 Severability 110 Section 11.4 Counterparts 110 Section 11.5 Assignment; Third Party Beneficiaries 110 Section 11.6 Amendment; Waiver 111 Section 11.7 Specific Performance 111 Section 11.8 Governing Law 111 Section 11.9 Consent to Jurisdiction 112 Section 11.10 Entire Agreement 112 Section 11.11 No Joint Venture 112 Section 11.12 Limitation on Liability 113 Section 11.13 WAIVER OF JURY TRIAL 113 Section 11.14 Retention of Counsel 113 Section 11.15 Rules of Construction 114 Section 11.16 Disclosure Generally 115 Section 11.17 Parent Guaranty 115 Section 11.18 Financing Source Provisions 115 Appendices, Exhibits and Schedules Appendices and Exhibits: Appendix A ‒ Purchased Assets Appendix B ‒ Purchased Entities Appendix C ‒ Assumed Liabilities Appendix D ‒ Excluded Assets Appendix E ‒ Excluded Liabilities Appendix F ‒ Calculation Principles* Exhibit A ‒ Form of Transition Services Agreement* Exhibit B ‒ Form of Assignment and Assumption Agreement and Xxxx of Sale* Exhibit C ‒ Form of IP Assignment Agreement* Exhibit D ‒ Form of R&W Insurance Policy* Exhibit E ‒ Form of IP License Agreement* Exhibit F ‒ Form of Reverse Transition Services Agreement* Exhibit G ‒ Form of Reverse IP License Agreement* * Omitted pursuant to Instruction 4 of Item 1.01 of Form 8-K. PURCHASE AGREEMENT This Purchase Agreement (this “Agreement”) dated as of March 2, 2022 (the “Agreement Date”), is entered into by and between Welbilt, Inc., a Delaware corporation (“Seller”), Pentair Commercial Ice LLC, a Delaware limited liability company (“Buyer,” and together with Seller, each, a “Party” and collectively, the “Parties”), and, solely for the purposes of Article 5 and Sections 11.8, 11.9, and 11.17, Pentair plc, an Ireland public limited company (“Buyer 74 Section 7.4 Certain Limitations and Provisions 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 78Parent”).

Appears in 1 contract

Samples: Purchase Agreement (PENTAIR PLC)

REPRESENTATIONS AND WARRANTIES OF BUYER. 45 Section 4.1 Due Organization and Existence 45 Good Standing of Buyer 49 Section 4.2 Authority and Enforceability 45 Authorization of Transaction by Buyer 49 Section 4.3 Noncontravention 46 Governmental Filings 50 Section 4.4 No Conflict or Violation 50 Section 4.5 Legal Proceedings 46 Section 4.5 Compliance with Laws 46 50 Section 4.6 Brokers 46 Funding 50 Section 4.7 Availability of Funds 46 Brokers’ Fees 50 Section 4.8 Qualified No Buyer 47 Stockholder Vote Required 51 Section 4.9 Governmental Approvals 47 Section 4.10 WARN Act 47 Section 4.11 Independent Investigation 47 Section 4.12 Disclaimer Regarding Projections 47 No Reliance 51 ARTICLE V COVENANTS 48 Section 5.1 Closing Conditions 48 Conduct of Seller’s Business 51 Section 5.2 Notices, Consents; Approvals 48 Employment Matters 55 Section 5.3 Assigned Contracts 51 Publicity 60 Section 5.4 Access of Buyer and Seller 54 Confidentiality 60 Section 5.5 Conduct of Business Pending the Closing 56 Access to Information 62 Section 5.6 Termination of Certain Services and Contracts; Transition Matters 58 Post-Closing Access 63 Section 5.7 Seller Marks 59 Appropriate Actions 64 Section 5.8 Employee Matters 60 Ancillary Agreements 65 Section 5.9 ISO-NE and NEPOOL Matters Seller Guaranties 66 Section 5.10 Post-Closing Operations 67 Termination of Intercompany Agreements 66 Section 5.11 Post-Closing Environmental Matters Insurance 67 Section 5.12 Transfer TaxesNon-Solicitation; Expenses No Hire 67 Section 5.13 Tax Matters 67 Seller Extraordinary General Meeting 68 Section 5.14 Further Assurances 68 Competing Proposals 69 Section 5.15 Schedule Modifications During the Interim Period and Updates 69 Wrong Pocket 71 Section 5.16 Casualty 70 Collection of Receivables 72 Section 5.17 Condemnation 70 Restructuring; Dormant Subsidiaries; Director Shares 72 Section 5.18 Confidentiality 71 Repayment of Indebtedness 72 Section 5.19 Public Announcements 71 Labor Matters 72 Section 5.20 Mercury Removal Contract 71 ARTICLE VI CONDITIONS TO CLOSING 71 Additional IP Licenses to Copyrights, Database Rights and Trade Secrets 73 Section 6.1 Buyer’s Conditions to Closing 71 Section 6.2 Seller’s Conditions to Closing 73 ARTICLE VII INDEMNIFICATION; LIMITATIONS OF LIABILITY AND WAIVERS 74 Section 7.1 Survival 74 Section 7.2 Indemnification by Seller 74 Section 7.3 Indemnification by Buyer 74 Section 7.4 5.21 Certain Limitations and Provisions Open Source Matters 75 Section 7.5 Indemnification Procedures 77 Section 7.6 Tax Treatment of Indemnification Payments 785.22 In-Bound Patent Licenses 75 ARTICLE VI

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Nokia Corp)

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