REPRESENTATIONS AND WARRANTIES RE: THE COMPANY. . . 9 Section 5.1. Organization, Standing and Authority of the Company. . . .10 Section 5.2. Qualification of the Company . . . . . . . . . . . . . . .10 Section 5.3. Capitalization and Ownership . . . . . . . . . . . . . . .10 Section 5.4. Authorization of Agreement . . . . . . . . . . . . . . . .10 Section 5.5. Investments. . . . . . . . . . . . . . . . . . . . . . . .11 Section 5.6. Corporate Records. . . . . . . . . . . . . . . . . . . . .11 Section 5.7. Consents of Third Parties. . . . . . . . . . . . . . . . .11 Section 5.8. Financial Statements; Liabilities. . . . . . . . . . . . .12 Section 5.9. Certain Transactions . . . . . . . . . . . . . . . . . . .12 Section 5.10. Litigation . . . . . . . . . . . . . . . . . . . . . . . .13 Section 5.11. Lists of Certain Items . . . . . . . . . . . . . . . . . .13 Section 5.12. Contracts. . . . . . . . . . . . . . . . . . . . . . . . .14 Section 5.13. Non-Arm's Length Transactions. . . . . . . . . . . . . . .16
REPRESENTATIONS AND WARRANTIES RE: THE COMPANY. The Company, the Seller and SCL jointly and severally represent and warrant as follows, in all cases except as set forth in the disclosure schedule of even date herewith signed by each of them and identified therein as the disclosure schedule referred to herein (such disclosure schedule together with the exhibits thereto is referred to herein as the "Disclosure Schedule" and is incorporated herein by this reference). The Disclosure Schedule makes explicit reference to the particular Section of this Article V as to which exception is taken, which in each case shall constitute the sole Section as to which such exception shall apply. The Company, the Seller and SCL acknowledge that the Purchaser is relying on the following representations and warranties in connection with its purchase of the Purchased Shares.
