Common use of REPRESENTATIONS AND WARRANTIES REGARDING BUYER Clause in Contracts

REPRESENTATIONS AND WARRANTIES REGARDING BUYER. AND BUYER PARTIES 58 Section 6.01 Incorporation and Authority of Buyer 58 Section 6.02 No Conflict 59 Section 6.03 Consents and Approvals 59 Section 6.04 Absence of Litigation 59 Section 6.05 Securities Matters 60 Section 6.06 Financing; Solvency 60 Section 6.07 Investigation 61 Section 6.08 Brokers 62 ARTICLE VII ACTIONS PRIOR TO THE CLOSING DATE 63 Section 7.01 Conduct of Business Prior to the Closing 63 Section 7.02 Access to Information 66 Section 7.03 Regulatory and Other Authorizations; Consents 67 Section 7.04 Intercompany Obligations 70 Section 7.05 Termination of Affiliate Contracts 70 Section 7.06 Pre-Closing Reorganization 71 ARTICLE VIII ADDITIONAL AGREEMENTS 71 Section 8.01 Post-Closing Access to Information 71 Section 8.02 Books and Records; Financial Reporting 72 Section 8.03 Confidentiality 73 Section 8.04 Insurance 73 Section 8.05 No Rights to Excluded Intellectual Property; Excluded Trademarks 75 Section 8.06 Guarantees 76 Section 8.07 Transaction Agreements 76 Section 8.08 Prohibited Activities 77 Section 8.09 Financing 78 Section 8.10 D&O Liabilities 82 Section 8.11 Deletion of Software 82 Section 8.12 Wrong Pockets. 82 Section 8.13 Further Action. 83 Section 8.14 Exclusivity 83 Section 8.15 Bank Accounts 84 Section 8.16 Release Documentation 84 Section 8.17 HR Services 84 Section 8.18 VIN Numbers 84 ii ARTICLE IX EMPLOYEE MATTERS 84 Section 9.01 Employee Matters. 84 ARTICLE X TAX MATTERS 88 Section 10.01 Liability for Taxes 88 Section 10.02 Assistance and Cooperation 88 Section 10.03 Contest Provisions 89 Section 10.04 Post-Closing Actions 89 Section 10.05 Pro Ration 89 ARTICLE XI CONDITIONS TO CLOSING AND RELATED MATTERS 90 Section 11.01 Conditions to Obligations of Seller 90 Section 11.02 Conditions to Obligations of Buyer 90 Section 11.03 Frustration of Closing Conditions 91 ARTICLE XII TERMINATION AND WAIVER 91 Section 12.01 Termination 91 Section 12.02 Notice of Termination 92 Section 12.03 Effect of Termination 93 Section 12.04 Extension; Waiver 93 ARTICLE XIII INDEMNIFICATION 93 Section 13.01 Indemnification by Seller 93 Section 13.02 Indemnification by Buyer 94 Section 13.03 Notification of Claims 94 Section 13.04 Payment 96 Section 13.05 No Duplication; Exclusive Remedies 96 Section 13.06 Additional Indemnification Provisions 97 Section 13.07 Mitigation 98 ARTICLE XIV GENERAL PROVISIONS 98 Section 14.01 Survival 98 Section 14.02 Expenses 98 Section 14.03 Notices 99 Section 14.04 Public Announcements 100 Section 14.05 Severability 100 Section 14.06 Entire Agreement 100 Section 14.07 Assignment 100 Section 14.08 No Third-Party Beneficiaries 101 Section 14.09 Amendment 101 Section 14.10 Schedules 101 Section 14.11 Submission to Jurisdiction 101 Section 14.12 Governing Law 102 Section 14.13 Waiver of Jury Trial 102 Section 14.14 Specific Performance 103 Section 14.15 Waivers 103 Section 14.16 Rules of Construction 103 Section 14.17 Counterparts 104 iii Section 14.18 Disclaimer of Representations and Warranties 105 Section 14.19 Non-Recourse 105 Section 14.20 Concerning Counsel 106 Section 14.21 Bulk Sales Laws 107 Section 14.22 Time is of the Essence 107 EXHIBITS Exhibit A Form of Asset and Interest Transfer Agreement Exhibit B Form of Bxxx of Sale Exhibit C Form Intercompany Account Termination Agreement Exhibit D Form of Interest Assignment Agreement Exhibit E Form of IP Internal Assignment Agreement Exhibit F Form of Liability Assumption Agreement Exhibit G Form of Transition Services Agreement Exhibit H Form of Deed EQUITY PURCHASE AGREEMENT This EQUITY PURCHASE AGREEMENT (including all schedules, exhibits and amendments hereto, this “Agreement”), dated as of December 20, 2020, is made by and between Beacon Roofing Supply, Inc., a Delaware corporation (“Seller”), and ASP Sailor Acquisition Corp., a Delaware corporation (“Buyer”).

Appears in 1 contract

Samples: Equity Purchase Agreement (Beacon Roofing Supply Inc)

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REPRESENTATIONS AND WARRANTIES REGARDING BUYER. AND BUYER PARTIES 58 SUB 27 Section 6.01 Incorporation 5.1 Organization, Existence and Authority of Buyer 58 Good Standing 27 Section 6.02 5.2 Power and Authority; Authorization 28 Section 5.3 No Conflict 59 Conflicts 28 Section 6.03 Consents and Approvals 59 5.4 No Prior Activities 29 Section 6.04 Absence of 5.5 Litigation 59 29 Section 6.05 Securities Matters 60 5.6 Financing 29 Section 6.06 Financing; 5.7 Guarantee 30 Section 5.8 Solvency 60 30 Section 6.07 Investigation 61 5.9 Investment Representation 30 Section 6.08 5.10 Brokers 62 or Finders 30 ARTICLE VII ACTIONS PRIOR TO THE CLOSING DATE 63 VI COVENANTS 30 Section 7.01 6.1 Conduct of Business Prior 30 Section 6.2 No Solicitation 32 Section 6.3 Access; Confidentiality 32 Section 6.4 Consummation of Agreement 33 Section 6.5 Announcements 35 Section 6.6 Director and Officer Liability and Indemnification 35 Section 6.7 Financing; Assistance in Financing 36 Section 6.8 R&W Policy 40 Section 6.9 Appointment of Sellers’ Representative 40 ARTICLE VII CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE PARTIES 41 Section 7.1 Conditions Precedent to the Closing 63 Section 7.02 Access to Information 66 Section 7.03 Regulatory and Other Authorizations; Consents 67 Section 7.04 Intercompany Obligations 70 Section 7.05 Termination of Affiliate Contracts 70 Section 7.06 Pre-Closing Reorganization 71 ARTICLE VIII ADDITIONAL AGREEMENTS 71 Section 8.01 Post-Closing Access to Information 71 Section 8.02 Books and Records; Financial Reporting 72 Section 8.03 Confidentiality 73 Section 8.04 Insurance 73 Section 8.05 No Rights to Excluded Intellectual Property; Excluded Trademarks 75 Section 8.06 Guarantees 76 Section 8.07 Transaction Agreements 76 Section 8.08 Prohibited Activities 77 Section 8.09 Financing 78 Section 8.10 D&O Liabilities 82 Section 8.11 Deletion of Software 82 Section 8.12 Wrong Pockets. 82 Section 8.13 Further Action. 83 Section 8.14 Exclusivity 83 Section 8.15 Bank Accounts 84 Section 8.16 Release Documentation 84 Section 8.17 HR Services 84 Section 8.18 VIN Numbers 84 ii ARTICLE IX EMPLOYEE MATTERS 84 Section 9.01 Employee Matters. 84 ARTICLE X TAX MATTERS 88 Section 10.01 Liability for Taxes 88 Section 10.02 Assistance and Cooperation 88 Section 10.03 Contest Provisions 89 Section 10.04 Post-Closing Actions 89 Section 10.05 Pro Ration 89 ARTICLE XI CONDITIONS TO CLOSING AND RELATED MATTERS 90 Section 11.01 Conditions to Obligations of Seller 90 All Parties 41 Section 11.02 7.2 Conditions Precedent to Obligations of Buyer 90 and Buyer Sub 42 Section 11.03 Frustration 7.3 Conditions Precedent to Obligations of Closing Conditions 91 the Sellers 43 ARTICLE XII VIII NO SURVIVAL 44 ARTICLE IX TERMINATION AND WAIVER 91 44 Section 12.01 9.1 Termination 91 of Agreement 44 Section 12.02 Notice of 9.2 Liabilities Upon Termination 92 45 Section 12.03 Effect of 9.3 Termination 93 Section 12.04 Extension; Waiver 93 Fee 45 ARTICLE XIII INDEMNIFICATION 93 Section 13.01 Indemnification by Seller 93 Section 13.02 Indemnification by Buyer 94 Section 13.03 Notification of Claims 94 Section 13.04 Payment 96 Section 13.05 No Duplication; Exclusive Remedies 96 Section 13.06 Additional Indemnification Provisions 97 Section 13.07 Mitigation 98 ARTICLE XIV X GENERAL PROVISIONS 98 47 Section 14.01 Survival 98 10.1 Counterparts 47 Section 14.02 Expenses 98 Section 14.03 Notices 99 Section 14.04 Public Announcements 100 Section 14.05 Severability 100 Section 14.06 Entire Agreement 100 Section 14.07 Assignment 100 Section 14.08 No Third-Party Beneficiaries 101 Section 14.09 Amendment 101 Section 14.10 Schedules 101 Section 14.11 Submission to Jurisdiction 101 Section 14.12 10.2 Governing Law 102 47 Section 14.13 Waiver 10.3 Entire Agreement; No Third Party Beneficiary 48 Section 10.4 Expenses 49 Section 10.5 Transfer Taxes 49 Section 10.6 Notices 49 Section 10.7 Successors and Assigns 51 Section 10.8 Headings 51 Section 10.9 Amendments and Waivers 51 Section 10.10 Interpretation; Absence of Jury Trial 102 Presumption 51 Section 14.14 Specific Performance 103 10.11 Severability 52 Section 14.15 Waivers 103 10.12 Business Days 52 Section 14.16 Rules of Construction 103 10.13 Remedies 52 Section 14.17 Counterparts 104 iii 10.14 Schedules 53 Section 14.18 Disclaimer of Representations 10.15 No Recourse 53 Section 10.16 Financing Sources 54 ANNEXES Annex I Common Stock, Series A Preferred Stock, Series B Preferred Stock, Warrants, RSUs and Warranties 105 Section 14.19 NonRoll-Recourse 105 Section 14.20 Concerning Counsel 106 Section 14.21 Bulk Sales Laws 107 Section 14.22 Time is of the Essence 107 Over Amounts EXHIBITS Exhibit A Form of Asset and Interest Transfer Agreement Certain Defined Terms Exhibit B Form of Bxxx of Sale Guarantee Exhibit C Form Intercompany Account Termination Agreement of Spreadsheet Exhibit D Form of Interest Assignment Agreement Exhibit E Form of IP Internal Assignment Agreement Exhibit F Form of Liability Assumption Agreement Exhibit G Form of Transition Services Agreement Exhibit H Form of Deed EQUITY Seller Release SECURITIES PURCHASE AGREEMENT This EQUITY PURCHASE AGREEMENT Securities Purchase Agreement dated as of December 15, 2014 (including all schedules, exhibits and amendments hereto, this “Agreement”) is among Dynacast International, Inc., a Delaware corporation (the “Company”), dated as of December 20Partners Group Precision Investment Limited, 2020a Guernsey limited company (“Buyer”), is made by and between Beacon Roofing SupplyPrecision Sub, Inc., a Delaware corporation (“SellerBuyer Sub”), Izurium Dynacast Ltd., a company incorporated in the British Virgin Islands (“Izurium”), W Capital Dynacast LLC, a Delaware limited liability company, Laurel Crown Dynacast Holdings LLC, a Delaware limited liability company, Tower Square Capital Partners III-A, L.P. a Delaware limited partnership, Kenner Equity Management, LLC, a Delaware limited liability company, Kenner Dynacast Partners L.P. a Delaware limited partnership, Xxxxx X. Xxxxxx, Xxxxxx Xxxxxx, Xxxxx X. Xxxxxx, Xxxxxx Ungerhofer, Xxxxxx Xxxxxxxx (solely in their respective capacities as holders of the Company’s Securities and not in any other capacity, collectively, the “Common Equityholders”), MIHI LLC, a Delaware limited liability company (solely in its capacity as a holder of the Company’s Securities and not in any other capacity, the “Preferred Equityholder” and collectively with the Common Equityholders, the “Sellers”), and ASP Sailor Acquisition Corp.Izurium as Sellers’ Representative for the limited purposes set forth herein. Capitalized terms used but not defined in this Agreement are defined in Exhibit A. The Sellers are the sole equityholders of the Company, with each Seller owning, as the case may be, that number of (i) shares of common stock, par value $0.001, per share of the Company (the “Common Stock”), (ii) shares of Series A Convertible Redeemable Preferred Stock, par value $0.001, per share of the Company (the “Series A Preferred Stock”), (iii) shares of Series B Redeemable Preferred Stock, par value $0.001, per share of the Company (the “Series B Preferred Stock”), (iv) warrants exercisable for shares of Common Stock (“Warrants”), and (v) restricted stock units representing the right to receive shares of Common Stock (“RSUs” and together with the Common Stock, the Series A Preferred Stock, the Series B Preferred Stock and the Warrants, collectively, the “Securities”) in each case as is set forth opposite such Seller’s name on Annex I attached hereto. Buyer Sub desires to acquire from the Sellers, and the Sellers desire to sell to Buyer Sub at the Closing, all of the Securities held by Sellers on the terms and conditions set forth herein. Contemporaneously with the execution and delivery of this Agreement, certain of the Sellers set forth on Annex I (the “Roll-Over Stockholders”) executed agreements pursuant to which each Roll-Over Stockholder agreed to contribute, immediately prior to the Closing, a Delaware corporation portion of the capital stock of the Company held by such Roll-Over Stockholder (the BuyerRoll-Over”) valued at the amount set forth opposite their name on Annex I to Buyer (the sum of such amounts, the “Roll-Over Consideration”)., in exchange for an indirect interest in Buyer, all on the terms and subject to the conditions set forth in such agreements Contemporaneously with the execution and delivery of this Agreement, as a condition and material inducement to the Company’s execution and delivery of this Agreement, comPlan Partners Group Investments, L.P. Inc., P3 New IC Ltd, WIN Alt IC Limited, Perennius Global Value 2010, Perennius Global Yield 2011 Private, Partners Group Barrier Reef, L.P., Partners Group Blue Lines IC Limited, Partners Group Direct Investments 2012 (EUR), L.P. Inc., Partners Group Direct Investments 2012 (USD) ABC, L.P., Partners Group Direct Investments 2012 (USD) K, L.P., Partners Group Global Value 2014 (EUR) S.C.A., SICAR, Partners Group Global Value SICAV, Princess Direct Investments, L.P. Inc. and Kenner Dynacast Partners 2015 L.P. (the “Guarantors”) are executing and delivering to the Company limited guarantees, in the form attached hereto as Exhibit B (the “Guarantees”), pursuant to which, and subject to the terms and conditions thereof, the Guarantors have guaranteed certain of the obligations of Buyer and Buyer Sub. Accordingly, in consideration of the premises and of the respective representations, warranties, covenants and agreements contained herein and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

Appears in 1 contract

Samples: Securities Purchase Agreement (Dynacast International Inc.)

REPRESENTATIONS AND WARRANTIES REGARDING BUYER. AND BUYER PARTIES 58 43 Section 6.01 Incorporation and Authority of Buyer 58 43 Section 6.02 No Conflict 59 44 Section 6.03 Consents and Approvals 59 44 Section 6.04 Absence of Litigation 59 45 Section 6.05 Securities Matters 60 45 Section 6.06 Financing; Solvency 60 Financial Ability 45 Section 6.07 Investigation 61 Brokers 45 Section 6.08 Brokers 62 Investigation 45 ARTICLE VII ACTIONS PRIOR TO THE CLOSING DATE 63 46 Section 7.01 Conduct of Business Prior to the Closing 63 46 Section 7.02 Access to Information 66 48 Section 7.03 Regulatory and Other Authorizations; Consents 67 49 Section 7.04 Intercompany Obligations 70 51 Section 7.05 Intercompany Arrangements 51 Section 7.06 Termination of Affiliate Contracts 70 Hedging Arrangements 52 Section 7.06 Pre-Closing Reorganization 71 7.07 Berkshire Retrocession Agreement 52 Section 7.08 Formation of Buyer Reinsurer 52 Section 7.09 Disclosure Schedule Updates 52 Section 7.10 Seller Guarantees 52 Section 7.11 Liens 53 Section 7.12 Transition Services Agreement 53 Section 7.13 Model Escrow Agreement 53 Section 7.14 Agreed Model Scenarios 54 ARTICLE VIII ADDITIONAL AGREEMENTS 71 54 Section 8.01 Post-Closing Access to Information 71 54 Section 8.02 Books and Records; Financial Reporting 72 Records 54 Section 8.03 Confidentiality 73 55 Section 8.04 Insurance 73 Non-Compete; Non-Solicit 55 Section 8.05 No Rights to Excluded Intellectual Property; Excluded Trademarks 75 Exclusivity 57 Section 8.06 Guarantees 76 Insurance 58 Section 8.07 Trade Names and Trademarks 58 Section 8.08 Guarantees 59 Section 8.09 Transaction Agreements 76 Section 8.08 Prohibited Activities 77 Section 8.09 Financing 78 59 Section 8.10 D&O Liabilities 82 60 Section 8.11 Deletion of Software 82 VIF Reports 60 Section 8.12 Wrong Pockets. 82 Section 8.13 Further Action. 83 Section 8.14 Exclusivity 83 Section 8.15 Bank Accounts 84 Section 8.16 Release Documentation 84 Section 8.17 HR Services 84 Section 8.18 VIN Numbers 84 ii Action 60 ARTICLE IX EMPLOYEE MATTERS 84 61 Section 9.01 Employee Matters. 84 Matters 61 ARTICLE X TAX MATTERS 88 62 Section 10.01 Liability for Taxes 88 62 Section 10.02 Assistance and Cooperation 88 Tax Returns 64 Section 10.03 Contest Provisions 89 64 Section 10.04 Post-Closing Actions 89 Assistance and Cooperation 65 Section 10.05 Pro Ration 89 Other Tax Matters 65 ARTICLE XI CONDITIONS TO CLOSING AND RELATED MATTERS 90 66 Section 11.01 Conditions to Obligations of Seller 90 66 Section 11.02 Conditions to Obligations of Buyer 90 Section 11.03 Frustration of Closing Conditions 91 67 ARTICLE XII TERMINATION AND WAIVER 91 68 Section 12.01 Termination 91 68 Section 12.02 Notice of Termination 92 69 Section 12.03 Effect of Termination 93 69 Section 12.04 Extension; Waiver 93 69 ARTICLE XIII INDEMNIFICATION 93 69 Section 13.01 Indemnification by Seller 93 69 Section 13.02 Indemnification by Buyer 94 70 Section 13.03 Notification of Claims 94 71 Section 13.04 Payment 96 72 Section 13.05 No Duplication; Exclusive Remedies 96 73 Section 13.06 Additional Indemnification Provisions 97 73 Section 13.07 Mitigation 98 Reserves 74 ARTICLE XIV GENERAL PROVISIONS 98 75 Section 14.01 Survival 98 75 Section 14.02 Expenses 98 75 Section 14.03 Notices 99 75 Section 14.04 Public Announcements 100 77 Section 14.05 Severability 100 77 Section 14.06 Entire Agreement 100 77 Section 14.07 Assignment 100 77 Section 14.08 No Third-Third Party Beneficiaries 101 77 Section 14.09 Amendment 101 78 Section 14.10 Schedules 101 78 Section 14.11 Dispute Resolution; Submission to Jurisdiction 101 78 Section 14.12 Governing Law 102 79 Section 14.13 Waiver of Jury Trial 102 79 Section 14.14 Specific Performance 103 79 Section 14.15 Waivers 103 Section 14.16 Rules of Construction 103 80 Section 14.16 Buyer Parent 80 Section 14.17 Counterparts 104 iii Section 14.18 Disclaimer of Representations and Warranties 105 Section 14.19 Non-Recourse 105 Section 14.20 Concerning Counsel 106 Section 14.21 Bulk Sales Laws 107 Section 14.22 Time is of the Essence 107 80 EXHIBITS Exhibit A Form of Asset and Interest Transfer 3-Wins Reinsurance Agreement Amendment Exhibit B Form of Bxxx of Sale XXX Recapture Agreements Exhibit C Form Intercompany Account Termination of HLIC Recapture Agreement Exhibit D Form of Interest Assignment Assignment, Assumption, Hold Harmless and Indemnification Agreement Exhibit E Form of IP Internal Assignment Agreement Reference Date Balance Sheet Exhibit F Form of Liability Assumption Trademark License Agreement Exhibit G Form of Transition Services Agreement Exhibit H Form of Deed EQUITY PURCHASE AGREEMENT Trademark Assignment Exhibit I Form of Buyer Reinsurance Agreement Exhibit J Berkshire Retrocession Agreement Exhibit K Indemnification Agreement Exhibit L Form of Model Escrow Agreement SCHEDULES Schedule 1.01(a) Agreed Accounting Principles Schedule 1.01(b) Eligible Recapture Assets Schedule 1.01(c) Seller Knowledge Persons Schedule 1.01(d)(i) Buyer Knowledge Persons Schedule 1.01(d)(ii) Buyer Parent Knowledge Persons Schedule 1.01(e) Recapture Settlement Statement Methodologies Schedule 1.01(g) VIF Calculation Principles Schedule 1.01(h) Specified Assumptions Schedule 1.01(i) Fair Market Value Schedule 2.05 Currency Conversion Methodologies Schedule 7.03(a) Regulatory Matters Schedule 7.03(c)(i) Third Party Consents Schedule 7.03(c)(ii) Buyer Requested Third Party Agreements Schedule 7.03(c)(iii) Buyer Requested Agreements Schedule 7.03(d) Certain Specified Consents Schedule 7.04 Intercompany Obligations Schedule 11.01(b) Seller Governmental Approval Closing Conditions Schedule 11.02(b) Buyer Governmental Approval Closing Conditions This EQUITY STOCK PURCHASE AGREEMENT (including all schedules, exhibits and amendments hereto, this “Agreement”), dated as of December 20April 28, 20202014, is made by and between Beacon Roofing Supplyamong HARTFORD LIFE, Inc.INC., a Delaware corporation (“Seller”), and ASP Sailor Acquisition Corp.ORIX LIFE INSURANCE CORPORATION, a Delaware Japanese corporation (“Buyer”), and, solely for purposes of the Buyer Parent Matters (as defined herein), ORIX CORPORATION, a Japanese corporation (“Buyer Parent”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Hartford Financial Services Group Inc/De)

REPRESENTATIONS AND WARRANTIES REGARDING BUYER. AND BUYER PARTIES 58 Section 6.01 Incorporation 51 5.1 Formation and Good Standing 51 5.2 Authority of Buyer 58 Section 6.02 No Conflict 59 Section 6.03 and Enforceability 51 5.3 Noncontravention 52 5.4 Consents and Approvals 59 Section 6.04 Absence of Governmental Authorizations 52 5.5 Litigation 59 Section 6.05 Securities Matters 60 Section 6.06 Financing52 5.6 Accredited Investor 52 5.7 Investment Entirely for Own Account 52 5.8 Brokers and Finders 53 5.9 Financial Ability 53 5.10 Solvency 54 5.11 Independent Investigation; Solvency 60 Section 6.07 Investigation 61 Section 6.08 Brokers 62 No Reliance 54 5.12 No Other Representations or Warranties 55 ARTICLE VII ACTIONS PRIOR TO THE CLOSING DATE 63 Section 7.01 VI COVENANTS 55 6.1 Cooperation 55 6.2 Access; Confidentiality 56 6.3 Conduct of Business Prior to the Closing 63 Section 7.02 Access to Information 66 Section 7.03 Regulatory 57 6.4 Publicity 60 6.5 Directors’ and Other AuthorizationsOfficers’ Indemnification 61 6.6 Financing Cooperation 62 6.7 Debt Financing 65 6.8 Tax Matters 67 6.9 Books and Records 71 6.10 Confidentiality 71 6.11 Risk of Loss; Consents 67 Section 7.04 Intercompany Obligations 70 Section 7.05 Condemnation and Casualty 72 6.12 Interim Financials 72 6.13 Exclusivity 73 6.14 Notice of Certain Events 73 6.15 Termination of Certain Agreements 73 6.16 Consents 74 ARTICLE VII CONDITIONS TO BUYER’S OBLIGATIONS 74 7.1 Representations and Warranties 74 7.2 Covenants 74 7.3 No Injunction 74 7.4 Closing Certificate 74 7.5 Material Adverse Effect 75 7.6 Affiliate Contracts 70 Section 7.06 Pre-Closing Reorganization 71 Agreements 75 7.7 Consent 75 7.8 Deliveries 75 ARTICLE VIII ADDITIONAL AGREEMENTS 71 Section 8.01 Post-CONDITIONS TO THE SELLERS’ OBLIGATIONS 75 8.1 Representations and Warranties 75 8.2 Covenants 75 8.3 No Injunction 75 8.4 Closing Access to Information 71 Section 8.02 Books and Records; Financial Reporting 72 Section 8.03 Confidentiality 73 Section 8.04 Insurance 73 Section 8.05 No Rights to Excluded Intellectual Property; Excluded Trademarks Certificate 75 Section 8.06 Guarantees 76 Section 8.07 Transaction Agreements 76 Section 8.08 Prohibited Activities 77 Section 8.09 Financing 78 Section 8.10 D&O Liabilities 82 Section 8.11 Deletion of Software 82 Section 8.12 Wrong Pockets. 82 Section 8.13 Further Action. 83 Section 8.14 Exclusivity 83 Section 8.15 Bank Accounts 84 Section 8.16 Release Documentation 84 Section 8.17 HR Services 84 Section 8.18 VIN Numbers 84 ii 8.5 Deliveries 75 ARTICLE IX EMPLOYEE MATTERS 84 Section 9.01 Employee Matters. 84 ARTICLE X TAX MATTERS 88 Section 10.01 Liability for Taxes 88 Section 10.02 Assistance and Cooperation 88 Section 10.03 Contest Provisions 89 Section 10.04 Post-Closing Actions 89 Section 10.05 Pro Ration 89 ARTICLE XI CONDITIONS TO CLOSING AND RELATED MATTERS 90 Section 11.01 Conditions to Obligations TERMINATION 76 9.1 Termination of Seller 90 Section 11.02 Conditions to Obligations of Buyer 90 Section 11.03 Frustration of Closing Conditions 91 ARTICLE XII TERMINATION AND WAIVER 91 Section 12.01 Agreement 76 9.2 Procedure Upon Termination 91 Section 12.02 Notice of Termination 92 Section 12.03 77 9.3 Effect of Termination 93 Section 12.04 Extension; Waiver 93 77 ARTICLE XIII INDEMNIFICATION 93 Section 13.01 Indemnification by Seller 93 Section 13.02 Indemnification by Buyer 94 Section 13.03 Notification of Claims 94 Section 13.04 Payment 96 Section 13.05 X ADDITIONAL AGREEMENTS 77 10.1 No Duplication; Exclusive Remedies 96 Section 13.06 Additional Indemnification Provisions 97 Section 13.07 Mitigation 98 Reliance 77 10.2 Survival 79 10.3 Release 79 ARTICLE XIV GENERAL PROVISIONS 98 Section 14.01 Survival 98 Section 14.02 Expenses 98 Section 14.03 XI MISCELLANEOUS 80 11.1 Further Assurances 80 11.2 Notices 99 Section 14.04 Public Announcements 100 Section 14.05 Severability 100 Section 14.06 80 11.3 Entire Agreement 100 Section 14.07 Assignment 100 Section 14.08 82 11.4 Specific Performance 82 11.5 Expenses 83 11.6 No Right of Set-Off 84 11.7 Amendments 84 11.8 Assignments; No Third-Party Beneficiaries 101 Section 14.09 Amendment 101 Section 14.10 Schedules 101 Section 14.11 Submission to Jurisdiction 101 Section 14.12 Rights 84 11.9 Waiver 85 11.10 Severability 85 11.11 Governing Law 102 Section 14.13 Waiver Law; Jurisdiction; Venue; No Trial by Jury 85 11.12 Time of Jury Trial 102 Section 14.14 Specific Performance 103 Section 14.15 Waivers 103 Section 14.16 Rules of Essence 86 11.13 Construction 103 Section 14.17 86 11.14 Incorporation by Reference 86 11.15 Headings 86 11.16 Counterparts 104 iii Section 14.18 Disclaimer of Representations and Warranties 105 Section 14.19 86 11.17 Sellers’ Representative 87 11.18 Non-Recourse 105 Section 14.20 Concerning Counsel 106 Section 14.21 Bulk Sales Laws 107 Section 14.22 Time is of the Essence 107 88 11.19 Representation 89 ANNEXES, SCHEDULES AND EXHIBITS Annex A Accounting Principles Schedule A Net Working Capital Exhibit A Form of Asset and Interest Transfer Agreement Reorganization Exhibit B Form of Bxxx of Sale Escrow Agreement Exhibit C Form Intercompany Account Termination Agreement of Resignation Letter Exhibit D Form of Interest Assignment Non-Solicitation Agreement Exhibit E Form of IP Internal Assignment Agreement Exhibit F Form of Liability Assumption Agreement Exhibit G Form of Transition Services Agreement Exhibit H Form of Deed EQUITY PURCHASE AGREEMENT This EQUITY PURCHASE AGREEMENT (including all schedules, exhibits and amendments hereto, this “Agreement”), dated as of December 20April 16, 20202019 (the “Effective Date”), is made by and between Beacon Roofing Supplyamong Chiller Holdco, Inc.LLC, a Delaware corporation limited liability company (the SellerCompany”), and ASP Sailor Acquisition Corp.the Persons set forth on the signature pages hereto under the heading “Holdco Sellers” (the “Holdco Sellers”), BCP VII Chiller 892/US T-E Feeder L.P., a Delaware corporation limited partnership (“Blocker”), BCP VII Chiller 892/US T-E Feeder Holdings L.P., a Delaware limited partnership (“Blocker Seller” and together with the Holdco Sellers, the “Sellers”), the Sellers’ Representative, and Americold Realty Trust, a Maryland real estate investment trust (“Buyer”).

Appears in 1 contract

Samples: Equity Purchase Agreement (Americold Realty Trust)

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REPRESENTATIONS AND WARRANTIES REGARDING BUYER. AND BUYER PARTIES 58 34 Section 6.01 Incorporation 5.1 Organization 34 Section 5.2 Authorization 35 Section 5.3 Noncontravention 35 Section 5.4 Government Authorizations 35 Section 5.5 Financial Capacity 35 Section 5.6 Investment 35 Section 5.7 Litigation 35 Section 5.8 Brokers’ Fees 35 Section 5.9 Information 36 Section 5.10 Energy-Related Holdings 36 Section 5.11 Tax Matters 36 Section 5.12 Solvency 37 Section 5.13 Money Laundering Laws and Authority Sanctions Laws Compliance 37 ARTICLE VI COVENANTS 37 Section 6.1 Conduct of Buyer 58 the Company 37 Section 6.02 No Conflict 59 6.2 Access to Information; Confidentiality 39 Section 6.03 6.3 Further Assurances 40 Section 6.4 Consents and Approvals 59 40 Section 6.04 Absence of Litigation 59 6.5 Public Announcements 40 Section 6.05 Securities Matters 60 Section 6.06 Financing; Solvency 60 Section 6.07 Investigation 61 Section 6.08 Brokers 62 ARTICLE VII ACTIONS PRIOR TO THE CLOSING DATE 63 Section 7.01 Conduct of Business Prior to the Closing 63 Section 7.02 Access to Information 66 Section 7.03 Regulatory and Other Authorizations; Consents 67 Section 7.04 Intercompany Obligations 70 Section 7.05 Termination of Affiliate Contracts 70 Section 7.06 Pre-Closing Reorganization 71 ARTICLE VIII ADDITIONAL AGREEMENTS 71 Section 8.01 6.6 Post-Closing Access to Information 71 Access; Preservation of Records 41 Section 8.02 Books and Records; Financial Reporting 72 6.7 Tax Matters 42 Section 8.03 Confidentiality 73 6.8 Insurance 44 Section 8.04 Insurance 73 6.9 Support Obligations 44 Section 8.05 No Rights to Excluded Intellectual Property; Excluded Trademarks 75 Section 8.06 Guarantees 76 Section 8.07 Transaction Agreements 76 Section 8.08 Prohibited Activities 77 Section 8.09 Financing 78 Section 8.10 D&O Liabilities 82 Section 8.11 Deletion of Software 82 Section 8.12 Wrong Pockets. 82 Section 8.13 Further Action. 83 Section 8.14 Exclusivity 83 Section 8.15 Bank Accounts 84 Section 8.16 Release Documentation 84 Section 8.17 HR Services 84 Section 8.18 VIN Numbers 84 ii ARTICLE IX EMPLOYEE MATTERS 84 Section 9.01 Employee Matters. 84 ARTICLE X TAX MATTERS 88 Section 10.01 Liability for Taxes 88 Section 10.02 Assistance and Cooperation 88 Section 10.03 Contest Provisions 89 Section 10.04 6.10 Post-Closing Actions 89 Further Assurances 44 Section 10.05 Pro Ration 89 6.11 Company Disclosure Schedule Update 45 Section 6.12 Guarantee. 46 Section 6.13 Compliance with NJ Bulk Sales Law 47 ARTICLE XI VII CONDITIONS TO CLOSING AND RELATED MATTERS 90 47 Section 11.01 7.1 Buyer’s Conditions to Obligations of Seller 90 Closing 47 Section 11.02 7.2 Sellers’ Conditions Precedent to Closing 49 Section 7.3 Mutual Conditions to Obligations Closing 49 ARTICLE VIII SURVIVAL AND REMEDIES 50 Section 8.1 Survival 50 Section 8.2 Obligation to Indemnify 50 Section 8.3 Indemnification Procedure 51 Section 8.4 Measure of Buyer 90 and Limitations upon Indemnification 52 Section 11.03 Frustration of Closing Conditions 91 8.5 Limitations on Remedies 53 Section 8.6 Set-off Rights 56 Section 8.7 Exclusive Remedy. 56 ARTICLE XII IX TERMINATION AND WAIVER 91 56 Section 12.01 9.1 Termination 91 Events 56 Section 12.02 Notice of Termination 92 Section 12.03 9.2 Effect of Termination 93 57 ARTICLE X MISCELLANEOUS 57 Section 12.04 Extension; Waiver 93 ARTICLE XIII INDEMNIFICATION 93 10.1 Parties in Interest 57 Section 13.01 Indemnification by Seller 93 10.2 Assignment 57 Section 13.02 Indemnification by Buyer 94 10.3 Notices 57 Section 13.03 Notification 10.4 Amendments and Waivers 58 Section 10.5 Exhibits and Schedules 59 Section 10.6 Headings 59 Section 10.7 Joint Preparation of Claims 94 Agreement 59 Section 13.04 Payment 96 Section 13.05 No Duplication; Exclusive Remedies 96 Section 13.06 Additional Indemnification Provisions 97 Section 13.07 Mitigation 98 ARTICLE XIV GENERAL PROVISIONS 98 Section 14.01 Survival 98 Section 14.02 Expenses 98 Section 14.03 Notices 99 Section 14.04 Public Announcements 100 Section 14.05 Severability 100 Section 14.06 10.8 Entire Agreement 100 59 Section 14.07 Assignment 100 10.9 Severability 59 Section 14.08 10.10 Expenses 60 Section 10.11 No Third-Party Beneficiaries 101 Section 14.09 Amendment 101 Section 14.10 Schedules 101 Section 14.11 Submission to Jurisdiction 101 Section 14.12 Governing Law 102 Section 14.13 Waiver of Jury Trial 102 Section 14.14 Specific Performance 103 Section 14.15 Waivers 103 Section 14.16 Rules of Construction 103 Section 14.17 Counterparts 104 iii Section 14.18 Disclaimer of Representations and Warranties 105 Section 14.19 Recourse Against Non-Recourse 105 Persons 60 Section 14.20 Concerning Counsel 106 10.12 Specific Performance 60 Section 14.21 Bulk Sales Laws 107 10.13 Legal Representation 61 Section 14.22 Time is of the Essence 107 EXHIBITS Exhibit A Form of Asset and Interest Transfer Agreement Exhibit B Form of Bxxx of Sale Exhibit C Form Intercompany Account Termination Agreement Exhibit D Form of Interest Assignment Agreement Exhibit E Form of IP Internal Assignment Agreement Exhibit F Form of Liability Assumption Agreement Exhibit G Form of Transition Services Agreement Exhibit H Form of Deed EQUITY PURCHASE AGREEMENT This EQUITY PURCHASE AGREEMENT (including all schedules, exhibits and amendments hereto, this “Agreement”), dated as of December 20, 2020, is made by and between Beacon Roofing Supply, Inc., a Delaware corporation (“Seller”), and ASP Sailor Acquisition Corp., a Delaware corporation (“Buyer”).10.14 Governing Law 62

Appears in 1 contract

Samples: Purchase and Sale Agreement (Altus Power, Inc.)

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