REPRESENTATIONS AND WARRANTIES OF SOUTH TEXAS. 4.1 Organization; Power of Authority 6 4.2 Execution and Delivery 6 4.3 Non-Contravention 6 4.4 Transferred Contracts 7 4.5 Legal Proceedings 7 4.6 Contributed Assets 7 4.7 South Texas Nuclear Plant Representations 8
REPRESENTATIONS AND WARRANTIES OF SOUTH TEXAS. South Texas hereby represents and warrants to the Company as follows:
REPRESENTATIONS AND WARRANTIES OF SOUTH TEXAS. 7 Section 2.1. Organization..............................................7 Section 2.2. Capitalization............................................8 Section 2.3. Approvals; Authority......................................9 Section 2.4. Investments...............................................9 Section 2.5. Financial Statements......................................9 Section 2.6. Title....................................................10 Section 2.7. Environmental Laws.......................................10 Section 2.8. Litigation and Other Proceedings.........................11 Section 2.9. Taxes....................................................12 Section 2.10. Contracts................................................12 Section 2.11. Insurance................................................13 Section 2.12. No Conflict With Other Instruments.......................13 Section 2.13. Laws.....................................................14 Section 2.14. Conduct..................................................14 Section 2.15. Allowance for Credit Losses..............................15 Section 2.16. Employment Relations.....................................15 Section 2.17. ERISA....................................................15
REPRESENTATIONS AND WARRANTIES OF SOUTH TEXAS. South Texas represents and warrants to Bancshares that each of the statements made in this Article II are true and correct in all material respects. South Texas agrees that, at the Closing, it shall provide Bancshares with supplemental Schedules reflecting any material changes in the information contained in the Schedules which have occurred in the period from the date of delivery of such Schedules to the date of Closing.
