REPRESENTATIONS AND WARRANTIES WITH RESPECT TO SELLING FUND. The Trust represents and warrants with respect to Selling Fund as follows:
REPRESENTATIONS AND WARRANTIES WITH RESPECT TO SELLING FUND. .... 6 SECTION 3.1. Organization; Authority................................. 6 SECTION 3.2. Registration and Regulation of the Trust................ 6 SECTION 3.3. Financial Statements.................................... 6 SECTION 3.4. No Material Adverse Changes; Contingent Liabilities..... 6 SECTION 3.5. Selling Fund Shares; Business Operations................ 6 SECTION 3.6. Accountants............................................. 8 SECTION 3.7. Binding Obligation...................................... 8 SECTION 3.8. No Breaches or Defaults................................. 8 SECTION 3.9. Authorizations or Consents.............................. 8 SECTION 3.10. Permits................................................. 9 SECTION 3.11. No Actions, Suits or Proceedings........................ 9 SECTION 3.12. Contracts............................................... 9 SECTION 3.13. Properties and Assets................................... 9 SECTION 3.14. Taxes................................................... 9 SECTION 3.15. Benefit and Employment Obligations...................... 10 SECTION 3.16. Brokers................................................. 10 SECTION 3.17.
