REPRESENTATIONS, WARRANTIES AND GUARANTEES OF THE SELLERS. With respect to this Article III the term "Sellers" shall refer to the Sellers and their Subsidiaries (to the extent involved in the Business) taken together as a whole. The Sellers hereby represent, warrant and guarantee to the Buyers, subject to such exceptions as are specifically set forth in the disclosure schedules (referencing the appropriate section and paragraph numbers, if appropriate) supplied by the Sellers to the Buyers (the "Schedules") as of the Effective Date hereof, as follows:
REPRESENTATIONS, WARRANTIES AND GUARANTEES OF THE SELLERS. The Seller No. 1 hereby represents (gewahrleist) and warrants (sichert zu) to the Purchaser and takes responsibility for, as an independent guarantee (als selbstandiges Garantieversprechen) in the meaning of Section 305 German Civil Code (Burgerliches Gesetzbuch, BGB) vis a vis the Purchaser that the following statements and declarations are complete and correct as of the date of the Agreement and the Transfer Date, except as provided otherwise in the Agreement and the Seller No. 2 hereby represents (gewahrleistet) and warrants (sichert zu) to the Purchaser and takes responsibility for, as an independent guarantee (als selbstandiges Garantieversprechen) in the meaning of Section 305 German Civil Code (Burgerliches Gesetzbuch, BGB) vis a vis the Purchaser that the statements and declarations made in No. 7 of the Preliminary Remarks and in sections 5.2.14, 5.2.20 and 5.2.27 are complete and correct as of the date of the 20 Agreement and the Transfer Date, except as provided otherwise in the Agreement:
