TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).
Appears in 2 contracts
Sources: Merger Agreement (Dole Food Co Inc), Merger Agreement (Murdock David H)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention S. No. Contents Page No. 1 Definitions 1 2 Participating Interests 11 Section 4.5 Capitalization 3 License and Exploration Period 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 5 Work Programme 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses6 Management Committee 17 7 Operatorship, Permits Joint Operating Agreement and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Operating Committee Financial Advisor 17 Section 4.18 Section 203 19 8 General Rights and Obligations of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENTParties 21 9 Government Assistance 23 10 Discovery, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence Development and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct Production 24 11 Petroleum Exploration License and Lease 27 12 Unit Development 29 13 Measurement of Business Petroleum 31 14 Protection of the Company Environment 32 15 Revenue Share 35 16 Taxes, Royalties, Duties Etc. 37 18 Joint Development of Common Infrastructure 40 19 Valuation of Petroleum 41 20 Employment and Training 42 21 Section 6.2 Consents Local Goods and Filings Services 43 22 Section 6.3 Indemnification; Insurance and Indemnification 44 23 Section 6.4 Other Proposals Records, Reports, Accounts and Revenue Audit 46 24 Section 6.5 Public Announcements Information, Data, Confidentiality, Inspection and Security 47 25 Title to Petroleum, Data and Assets 51 26 Assignment of Participating Interest 52 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing Guarantees 55 28 Section 6.8 Cooperation with Financing Efforts Term and Termination of the Contract 57 29 Force Majeure 60 30 Section 6.9 Voting Applicable Law and Language of the Contract 62 31 Mediation, Conciliation, Sole Expert and Arbitration 63 32 CONDITIONS TO CONSUMMATION OF THE MERGER Change of Status of Members 65 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment , Amendments, Waiver and Miscellaneous 66 34 Certificates 67 35 Notices 68 36 Section 9.3 Severability Survival 69 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability Severance of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Invalid Provisions 70
Appears in 2 contracts
TABLE OF CONTENTS. (Continued) The Offer 2 1.1 The Offer 2 1.2 Company Actions 4 1.3 Directors 7 Section 4.4 Non-Contravention 2. Merger Transaction 9 2.1 Merger of Purchaser into the Company 9 2.2 Effect of the Merger 9 2.3 Closing; Effective Time 9 2.4 Merger Without Meeting of Stockholders 9 2.5 Certificate of Incorporation and Bylaws; Directors and Officers 10 2.6 Conversion of Shares 10 2.7 Surrender of Certificates; Stock Transfer Books 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 2.8 Appraisal Rights 13 2.9 Further Action 13 Section 4.8 3. Representations and Warranties of the Company 13 3.1 Due Organization; Subsidiaries, Etc. 13 3.2 Certificate of Incorporation and Bylaws; Minutes 14 3.3 Capitalization, Etc. 14 3.4 SEC Filings; Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 16 3.5 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 19 3.6 Title to Assets 19 3.7 Real Property; Equipment 19 3.8 Intellectual Property 20 3.9 Contracts 23 3.10 Liabilities 26 3.11 Compliance with LawsLegal Requirements 26 3.12 Regulatory Matters 27 3.13 Product Registration Files 29 3.14 Certain Business Practices 29 3.15 Communications 30 3.16 Tax Matters 30 3.17 Employee Matters; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ FeesBenefit Plans 32 3.18 Environmental Matters 37 3.19 Insurance 38 3.20 Transactions with Affiliates 39 3.21 Legal Proceedings; Opinion Orders 39 3.22 Authority; Binding Nature of Committee Financial Advisor 17 Section 4.18 Agreement 39 3.23 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENTDGCL, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Etc. Not Applicable 40 3.24 Vote Required 40 3.25 Non-Contravention 19 Contravention; Consents 40 3.26 Fairness Opinion 41 3.27 Financial Advisor 41 3.28 Conflict Minerals 41 3.29 Disclosure 41 Section 5.5 Information in Securities Filings 19 4. Representations and Warranties of Parent and Purchaser 42 4.1 Due Organization 42 4.2 Purchaser 42 4.3 Authority; Binding Nature of Agreement 42 4.4 Non-Contravention; Consents 43 4.5 Disclosure 43 4.6 Absence of Litigation 44 4.7 Funds 44 4.8 Ownership of Company Common Stock 45 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business 5. Certain Covenants of the Company 21 45 5.1 Access and Investigation 45 5.2 Notification of Certain Events 46 5.3 Operation of the Company’s Business 46 5.4 No Solicitation 51 5.5 Third Party Notices 53 Section 6. Additional Covenants of the Parties 53 6.1 Filings and Approvals 53 6.2 Consents and Filings 22 Section Company Options, Company RSUs, Company PSUs, Company Stock Awards, ESPP Purchase Rights 55 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 58 6.4 Compensation Arrangements 60 6.5 Indemnification of Officers and Directors 60 6.6 Securityholder Litigation 62 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Third Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).62
Appears in 2 contracts
Sources: Merger Agreement (Amgen Inc), Merger Agreement (Onyx Pharmaceuticals Inc)
TABLE OF CONTENTS. (Continued) ARTICLE I PURCHASE AND SALE 1 Section 4.4 Non-Contravention 1.1 Purchase and Sale 1 Section 1.2 Transaction Consideration 5 Section 1.3 Closing Date 5 Section 1.4 Closing Date Payment and Deliveries 5 Section 1.5 Tax Withholding 8 Section 1.6 Required Consents 8 Section 1.7 Allocation of Transaction Consideration 8 ARTICLE II REPRESENTATIONS AND WARRANTIES OF HALCYON 9 Section 2.1 Organization; Authorization and Enforceability 9 Section 2.2 Conflicts; Consents of Third Parties 9 Section 2.3 Ownership 10 Section 2.4 Broker Fees 10 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND HALCYON 10 Section 3.1 Company Organization and Related Matters 10 Section 3.2 Capitalization 11 Section 4.5 Capitalization 3.3 Conflicts; Consents of Third Parties 11 Section 3.4 Financial Statements 11 Section 3.5 No Undisclosed Liabilities 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 3.6 Absence of Certain Changes Developments 12 Section 3.7 Taxes 12 Section 3.8 Real Property 13 Section 3.9 Tangible Personal Property; Title; Sufficiency of Assets 14 Section 3.10 Intellectual Property 15 Section 4.11 3.11 Contracts 18 Section 3.12 Employee Benefits. 18 Section 3.13 Labor 20 Section 3.14 Litigation 15 20 Section 4.12 Taxes 15 Section 4.13 3.15 Compliance with Laws; Licenses, Permits 20 Section 3.16 Environmental Matters 21 Section 3.17 Insurance 21 Section 3.18 Receivables; Payables 21 Section 3.19 Products and Registrations 16 Services 22 Section 4.14 Contracts 16 3.20 Customers and Suppliers 23 Section 4.15 Intellectual Property 17 3.21 Related Party Transactions 23 Section 4.16 Required Vote 17 3.22 Brokers Fees 24 Section 4.17 Finders’ Fees3.23 Absence of Certain Business Practices 24 Section 3.24 Books and Records 24 Section 3.25 Bank Accounts; Opinion Powers of Committee Financial Advisor 17 Attorney 24 Section 4.18 3.26 No Misrepresentation 24 Section 203 of the DGCL 17 3.27 Names 24 Section 3.28 Not a Foreign Person 25 Section 3.29 Investor Status 25 Section 3.30 No Other Representations 26 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 26 Section 4.1 Organization 26 Section 4.2 Authorization and Enforceability 26 Section 4.3 Conflicts; Consent of Third Parties 26 Section 4.4 Brokers Fees 27 Section 4.5 No Proceedings 27 Section 4.6 Issuance of Purchaser Shares 27 Section 4.7 No Insolvency 27 Section 4.8 No Other Representations 27 ARTICLE V COVENANTS 27 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business by the Company Pending the Closing 27 Section 5.2 Access to Information 30 Section 5.3 Notification of Certain Matters 30 Section 5.4 Further Action; Commercially Reasonable Efforts 30 Section 5.5 Names and Logos 31 Section 5.6 Mail; Payments; Receivables 31 Section 5.7 Public Announcements; Confidentiality 31 Section 5.8 Exclusivity 32 Section 5.9 Non-Competition; Non-Solicitation 32 Section 5.10 Payment of Indebtedness, Seller Transaction Expenses, Change of Control Payments, and Excluded Liabilities 34 Section 5.11 Employee and Employee Benefits 34 Section 5.12 Pre-Closing Funding 35 ARTICLE VI CONDITIONS TO OBLIGATIONS OF THE PARTIES 36 Section 6.1 Conditions to the Obligations of Each Party 36 Section 6.2 Conditions to the Obligations of Purchaser 36 Section 6.3 Conditions to the Obligations of Seller Parties 37 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 37 Section 7.1 Termination 37 Section 7.2 Effect of Termination 38 ARTICLE VIII INDEMNIFICATION 38 Section 8.1 Indemnity Obligations of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Halcyon 38 Section 8.2 Effect Indemnity Obligations of Termination 35 Halcyon Members 39 Section 8.3 Amendment 35 Indemnity Obligations of Purchaser 40 Section 8.4 Extension; Indemnification Procedures 40 Section 8.5 Expiration of Representations and Warranties 42 Section 8.6 Certain Limitations 42 Section 8.7 Additional Security for Indemnification Payments to Purchaser Indemnitees 43 Section 8.8 Treatment of Indemnification Payments 43 Section 8.9 Right to Indemnification Not Affected by Knowledge or Waiver 35 44 Section 8.10 Sole Remedy 44 ARTICLE IX MISCELLANEOUS 36 44 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Certain Definitions 44 Section 9.2 Expenses 51 Section 9.3 Governing Law 51 Section 9.4 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Amendments and Waivers 51 Section 9.5 Governing Law 38 Section Headings 52 Section 9.6 Submission to Jurisdiction 38 (Continued) Notices 52 Section 9.7 Descriptive Headings 39 Severability 53 Section 9.8 Parties in Interest 39 Binding Effect; Assignment; Third-Party Beneficiaries 53 Section 9.9 Counterparts 39 53 Section 9.10 Expenses 39 Remedies Cumulative 54 Section 9.11 Purchaser Termination Fee 40 Exhibits and Schedules 54 Section 9.12 Interpretation 54 Section 9.13 Arm’s Length Negotiations 54 Section 9.14 Construction 55 Section 9.15 Specific Performance 41 55 Section 9.13 Affiliates 42 9.16 Waiver of Jury Trial 55 Section 9.14 No Liability 9.17 Time of Financing Sources 42 Exhibits: Essence 55 Exhibit A: Certificate Form of Acquisition Note Exhibit B: Form of Bi▇▇ ▇f Sale Exhibit C: Form of Non-Compete Agreement Exhibit D: Form of Services Agreement with Halcyon Exhibit E: Form of Amendment to Purchaser's Articles of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) THIS ASSET PURCHASE AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of August 11January 8, 2013 2017, is by and among Smart Server, Inc., a Nevada corporation (“AgreementPurchaser”) among DFC Holdings), NextGen Dealer Solutions, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”), and Halcyon Consulting, LLC, a Maryland limited liability company (“Halcyon”). The Company and Halcyon are sometimes referred to herein collectively as the “Seller Parties” and each as a “Seller Party”. Seller Parties and Purchaser are sometimes referred to herein collectively as the “Parties” and each individually as a “Party.” The members of Halcyon (“Halcyon Members”) are executing this Agreement for the limited purposes stated herein. Halcyon and the Halcyon Members are sometimes referred to herein collectively as the “Halcyon Parties” and each as a “Halcyon Party”.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Kakarala Kartik), Asset Purchase Agreement (Smart Server, Inc)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 1. Definitions 2 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 2. Servicing of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required Mortgage Loan 20 Section 5.8 Finders’ Fees 20 3. Priority of Payments 30 Section 5.9 Financing 20 4. Workout 31 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business 5. Administration of the Company 21 Mortgage Loan 32 Section 6.2 Consents 6. Note Holder Representatives 36 Section 7. Appointment of Special Servicer 39 Section 8. Payment Procedure 40 Section 9. Limitation on Liability of the Note Holders 41 Section 10. Bankruptcy 41 Section 11. Representations of the Note Holders 42 Section 12. No Creation of a Partnership or Exclusive Purchase Right 42 Section 13. Other Business Activities of the Note Holders 43 Section 14. Sale of the Notes 43 Section 15. Registration of the Notes and Filings 22 Each Note Holder 46 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension16. Governing Law; Waiver 35 MISCELLANEOUS 36 of Jury Trial 46 Section 9.1 Nonsurvival 17. Submission To Jurisdiction; Waivers 47 Section 18. Modifications 47 Section 19. Successors and Assigns; Third Party Beneficiaries 47 Section 20. Counterparts 48 Section 21. Captions 48 Section 22. Severability 48 Section 23. Entire Agreement 48 Section 24. Withholding Taxes 48 Section 25. Custody of RepresentationsMortgage Loan Documents 50 Section 26. Cooperation in Securitization 50 Section 27. Notices 51 Section 28. Broker 51 Section 29. Certain Matters Affecting the Agent 51 Section 30. Reserved 52 Section 31. Resignation or Termination of Agent 52 Section 32. Resizing 52 This AGREEMENT AMONG NOTE HOLDERS (this “Agreement”), Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11January 19, 2013 2023, is by and among BARCLAYS BANK PLC (“AgreementBarclays” and, in its capacity as the initial agent, the “Initial Agent”) among DFC Holdings); BANK OF AMERICA, LLC, a Delaware limited liability company N.A. (“ParentBOA”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇FARGO BANK, an individual NATIONAL ASSOCIATION (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation CITI REAL ESTATE FUNDING INC. (the “CompanyCiti”).
Appears in 2 contracts
Sources: Agreement Among Note Holders (BBCMS Mortgage Trust 2023-C19), Agreement Among Note Holders (FIVE 2023-V1 Mortgage Trust)
TABLE OF CONTENTS. (Continued) Section 4.4 1.1 General 1 1.2 Scope of Coverage 1 Article 2 2 2.1 Automatic Reinsurance 2 2.3 Facultative Reinsurance 2 Article 3 3 3.1 Automatic Submissions 3 3.2 Facultative Submissions 3 Article 4 4 4.1 Commencement of Automatic Reinsurance Liability 4 4.2 Commencement of Facultative Reinsurance Liability 4 4.3 Conditional Receipt or Temporary Insurance Agreement Liability 4 Article 5 5 5.1 Premium Accounting 5 5.2 Currency 5 5.3 Non-Contravention Payment of Premiums 5 Article 6 6 6.1 Right of Offset 6 Article 7 7 7.1 Conversions 7 7.2 Policy Changes 7 7.3 Reductions 8 7.4 Lapses 8 7.5 Reinstatements 9 7.6 Reinsurance Limits 9 Article 8 10 8.1 Retention Limit Change 10 8.2 Recapture 10 8.3 Alternative Recapture Arrangement 11 Section 4.5 Capitalization 8.4 Waiver of Premium Claims 11 Article 9 12 Section 4.6 Subsidiaries 9.1 Claims Notice and Consultation 12 Section 4.7 Past SEC Documents 9.2 Claims Payment 12 9.3 Claims Practices 13 Section 4.8 Financial Statements; Liabilities 9.4 Contested Claims 13 9.5 Claims Expenses 14 Section 4.9 Disclosure Statements 9.6 Extra Contractual Obligations 14 Section 4.10 Absence 9.7 Misstatement of Certain Changes Age or Sex 14 196474US-08 ml 20070727 (ODB#I02020US-08) Article 10 15 Section 4.11 Litigation 10.1 Errors and Omissions in Administration of Reinsurance 15 Section 4.12 10.2 Dispute Resolution 15 10.3 Arbitration 15 10.4 Expedited Dispute Resolution Process 17 Article 11 18 11.1 Insolvency 18 Article 12 20 12.1 DAC Tax Election 20 12.2 Taxes and Expenses 20 Article 13 21 13.1 Entire Agreement 21 13.2 Inspection of Records 21 13.3 Utmost Good Faith 21 13.4 Confidentiality 21 Article 14 23 14.1 Representations and Warranties 23 Article 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 24 15.1 Business Continuity 24 Article 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion 25 16.1 Duration of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND Agreement 25 16.2 Severability 25 16.3 Construction 25 16.4 Credit for Reinsurance 25 16.5 Non-Waiver 25 16.6 Retrocession 25 16.7 Governing Law 26 16.8 Interest 26 16.9 Medical Information Bureau 26 16.10 Notice 26 16.11 Counterparts 26 Execution Exhibits 27 A Business Covered ▇-▇ ▇▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇-▇ Food Company, Inc., a Delaware corporation (the “Company”).Facultative Submissions B Reinsurance Application B-1 Fac Easy Application C General Terms
Appears in 2 contracts
Sources: Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Nationwide VL Separate Account-G)
TABLE OF CONTENTS. (Continued) DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 4.4 Non2. AMOUNT AND TERMS OF LOAN COMMITMENTS 39 2.1 Term Commitments 39 2.2 Procedure for Term Loan Borrowing 39 2.3 Repayment of Term Loans 39 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 40 2.6 Fees 41 2.7 Optional Termination or Reduction of Commitments 42 2.8 Optional Prepayments 42 2.9 Mandatory Prepayments and Commitment Reductions 43 2.10 Conversion and Continuation Options 45 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 47 2.14 Inability to Determine Interest Rate 48 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 51 2.17 Taxes 52 2.18 Indemnity 56 2.19 Change of Lending Office 57 2.20 Replacement of Lenders 57 2.21 Defaulting Lenders 58 2.22 Acknowledgement and Consent to Bail-Contravention 11 In of Affected Financial Institutions 61 2.23 Effect of Benchmark Transition Event 61 Section 4.5 Capitalization 12 3. LETTERS OF CREDIT 63 3.1 Revolving L/C Commitments 63 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 4. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 73 4.1 No Change 73 4.2 Existence; Compliance with Law 73 4.3 Power; Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 NonEnforceable Obligations 73 4.4 No Legal Bar 74 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 75 4.9 Ownership of Property; Liens 75 4.10 Intellectual Property 75 4.11 Taxes 75 4.12 Permits 75 4.13 Agreements, Etc. 76 4.14 Federal Reserve Regulations 76 4.15 Labor Matters 76 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 77 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 78 4.21 Accuracy of Information, Etc. 79 4.22 Security Documents 80 4.23 Solvency 80 4.24 Senior Indebtedness 80 4.25 Required Insurance 80 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct Corruption Laws and Sanctions 80 4.28 Lines of Business of the Company 21 81 4.29 Federal Taxpayer Identification Number 81 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 5. CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 PRECEDENT 81 5.1 Conditions to Closing Date 81 5.2 Conditions to Each Party’s Obligation 33 Extension of Credit 84 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION6. AFFIRMATIVE COVENANTS 85 6.1 Financial Statements 85 6.2 Certificates; AMENDMENTOther Information 86 6.3 Maintenance of Existence; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect Compliance; Contractual Obligations 87 6.4 Maintenance of Termination 35 Section 8.3 Amendment 35 Section 8.4 ExtensionProperty; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).88
Appears in 2 contracts
Sources: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
TABLE OF CONTENTS. (Continued) ARTICLE I THE OFFER 2 Section 4.4 Non1.1 The Offer 2 Section 1.2 Company Actions 4 Section 1.3 Top-Contravention 11 Up Option 6 Section 4.5 Capitalization 12 1.4 Stockholder Meeting 7 Section 4.6 Subsidiaries 12 1.5 Offer Documents; Schedule 13E-3; Schedule 14D9; Proxy Statement 8 Section 4.7 Past SEC Documents 1.6 Transfer of Five Star Note to Parent or Purchaser; Conversion of Five Star Note. 8 ARTICLE II THE MERGER 9 Section 2.1 The Merger 9 Section 2.2 Closing 9 Section 2.3 Effective Time 9 Section 2.4 Effects of the Merger 9 Section 2.5 Certificate of Incorporation and By-laws of the Surviving Corporation 9 Section 2.6 Directors and Officers of the Surviving Corporation 9 Section 2.7 Conversion of Securities 10 Section 2.8 Exchange of Certificates 10 Section 2.9 Appraisal Rights 13 Section 4.8 Financial Statements; Liabilities 2.10 Company Equity Awards 13 Section 2.11 Rule 16b-3 14 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY 14 Section 4.9 Disclosure Statements 3.1 Organization, Standing and Corporate Power 14 Section 4.10 3.2 Capitalization 15 Section 3.3 Authority; Noncontravention; Voting Requirements 16 Section 3.4 Governmental Approvals 18 Section 3.5 Company SEC Documents; Undisclosed Liabilities 18 Section 3.6 Absence of Certain Changes 15 or Events 20 Section 4.11 Litigation 15 3.7 Legal Proceedings 20 Section 4.12 Taxes 15 Section 4.13 3.8 Compliance with With Laws; Licenses, Permits and Registrations 16 20 Section 4.14 Contracts 16 3.9 Information Supplied 21 Section 4.15 Intellectual Property 17 3.10 Tax Matters 22 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; 3.11 Opinion of Committee Financial Advisor 17 22 Section 4.18 3.12 Brokers and Other Advisors 22 Section 203 of the DGCL 17 3.13 State Takeover Statutes 23 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 23 Section 5.1 Existence 4.1 Organization 23 Section 4.2 Authority; Noncontravention 23 Section 4.3 Government Approvals 24 Section 4.4 Information Supplied 25 Section 4.5 Ownership and Power 18 Operations of Purchaser 25 Section 5.2 Authorization; Approvals 18 4.6 Financing 25 Section 5.3 Governmental Authorization 19 4.7 Legal Proceedings 25 Section 5.4 4.8 Material Non-Contravention 19 Section 5.5 Public Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).26
Appears in 2 contracts
Sources: Tender Offer and Merger Agreement (National Patent Development Corp), Tender Offer and Merger Agreement (Five Star Products Inc)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention THE OFFER 2 1.1 The Offer 2 1.2 Company Actions 9 SECTION 2. MERGER TRANSACTIONS 10 2.1 The Mergers 10 2.2 Effects of the Mergers 10 2.3 Closing; Effective Times 10 2.4 Certificate of Incorporation and Bylaws; Directors and Officers 11 Section 4.5 Capitalization 2.5 Tax Consequences 11 2.6 Conversion of Shares 12 Section 4.6 2.7 Elections; Proration 13 2.8 Adjustment to Merger Consideration 15 2.9 Payment for Securities; Surrender of Certificates 15 2.10 Appraisal Rights 18 2.11 Treatment of Company Equity Awards; Company Warrants 19 2.12 Withholding 22 2.13 Fractional Shares 22 2.14 Further Action 22 SECTION 3. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 22 3.1 Organization, Standing and Power 23 3.2 Capital Stock 23 3.3 Subsidiaries 12 Section 4.7 Past 24 3.4 Authority 25 3.5 No Conflict; Consents and Approvals 25 3.6 Company SEC Documents 13 Section 4.8 Documents; Financial Statements; Statements 26 3.7 Information Supplied 28 3.8 No Undisclosed Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 28 3.9 Absence of Certain Changes 15 Section 4.11 or Events 29 3.10 Title to Assets 29 3.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 29 3.12 Compliance with Laws; Licenses, Permits Laws and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts Regulations 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).3.13 Benefit Plans 30
Appears in 2 contracts
Sources: Merger Agreement (Primo Water Corp), Merger Agreement (Cott Corp /Cn/)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 12 Section 4.6 Subsidiaries 12 2 - THE INVESTMENTS 13 2.1 Purchaser’s Investment Limits 13 2.2 Procedure for Making Purchases 13 2.3 Sale and Assignment 15 2.4 Fees 15 2.5 Computation and Payments; Commitment Fees 15 2.6 Pro Rata Treatment and Payments 16 2.7 Requirements of Law 16 2.8 Taxes 17 2.9 Indemnity 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Purchased Assets: Deemed Collections 20 2.13 Application of Collections 21 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 3 - REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 22 3.1 Financial Condition 22 3.2 No Change 22 3.3 Existence; Compliance with Law 22 3.4 Power; Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Enforceable Obligations 23 3.5 No Legal Bar 23 3.6 Litigation 23 3.7 No Default 23 3.8 Ownership of Property; Liens 24 3.9 Taxes 24 3.10 Federal Regulations 24 3.11 Investment Company Act; Other Regulations 24 3.12 Accuracy of Information, etc. 25 3.13 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct 25 3.14 Security Documents 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Anti-Terrorist Laws 25 Section 4 - CONDITIONS PRECEDENT 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Effectiveness 28 Section 5 - COVENANTS 29 5.1 Financial Statements 29 5.2 Certificates; Other Information 29 5.3 Payment of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 IndemnificationObligations 30 5.4 Maintenance of Existence; Compliance 30 5.5 Maintenance of Property; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect 5.13 Extension or Amendment of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival Receivables 32 5.14 Status of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Scheduled Receivables 32
Appears in 2 contracts
Sources: Revolving Trade Receivables Purchase Agreement (Celestica Inc), Revolving Trade Receivables Purchase Agreement (Celestica Inc)
TABLE OF CONTENTS. (Continued) DEFINITIONS 6 1.1 Defined Terms 6 1.2 Other Definitional Provisions 24 Section 4.4 Non-Contravention 11 2 AMOUNT AND TERMS OF COMMITMENTS 24 2.1 Existing Obligations 24 2.2 [Reserved] 24 2.3 [Reserved] 24 2.4 Commitments 24 2.5 Procedure for Loan Borrowing 25 2.6 Commitment Fees, etc. 25 2.7 Termination or Reduction of Commitments 26 2.8 Optional Prepayments 26 2.9 Mandatory Prepayments 26 2.10 Conversion and Continuation Options 27 2.11 Limitations on Eurodollar Tranches 27 2.12 Interest Rates and Payment Dates 27 2.13 Computation of Interest and Fees 28 2.14 Inability to Determine Interest Rate 28 2.15 Pro Rata Treatment and Payments 28 2.16 Requirements of Law 29 2.17 Taxes 30 2.18 Indemnity 32 2.19 Joint and Several Liability 32 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence 3 LETTERS OF CREDIT 32 3.1 L/C Commitment 32 3.2 Procedure for Issuance of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Letters of Credit 33 3.3 L/C Fees and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Other Charges 33 3.4 L/C Participations 33 3.5 L/C Reimbursement Obligation of the DGCL 17 Borrowers 34 3.6 Obligations Absolute 34 3.7 Letter of Credit Payments 35 3.8 Applications 35 3.9 Existing Letters of Credit 35 Section 4 REPRESENTATIONS AND WARRANTIES OF PARENT35 4.1 Organization; Power and Authority 35 4.2 Due Authorization 36 4.3 Governmental Approval 36 4.4 Binding and Enforceable 36 4.5 No Violation 36 4.6 No Default 36 4.7 Litigation 36 4.8 [Reserved] 36 4.9 Material Adverse Change 36 4.10 Investment Company Act 36 4.11 Environmental Matters 36 4.12 Accuracy of Information, PURCHASER AND ▇▇▇▇▇▇▇ 18 etc. 37 4.13 Employee Benefit Plans 37 4.14 Tax Returns and Payments 37 4.15 Security Documents 37 4.16 Ownership of Property 37 Section 5 CONDITIONS PRECEDENT 37 5.1 Existence and Power 18 Section Conditions of Initial Extension of Credit 37 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect Extension of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings Credit 39 Section 9.8 Parties 6 AFFIRMATIVE COVENANTS 40 6.1 Compliance with Law; Maintenance of Existence 40 6.2 [Reserved] 40 6.3 Certificates; Other Information 40 6.4 Notices 40 6.5 Inspection 41 6.6 Maintenance of Property; Insurance 41 6.7 [Subsequent Acquired Property; New Subsidiaries 41 6.8 Collateral Information 43 6.9 Further Assurances 43 6.10 Use of Proceeds 43 Section 7 [RESERVED] 43 Section 8 NEGATIVE COVENANTS 43 8.1 Debt 43 8.2 Restricted Payments 43 8.3 Liens 44 8.4 Mergers 47 8.5 Asset sales 47 8.6 Investments 47 8.7 Transactions with Affiliates 49 8.8 Sales and Leasebacks 49 8.9 Changes in Interest 39 Fiscal Periods 49 8.10 NRG Credit Agreement 49 Section 9.9 Counterparts 39 9 EVENTS OF DEFAULT 50 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability 10 THE ADMINISTRATIVE AGENT 52 10.1 Appointment 52 10.2 Delegation of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Duties 53 10.3 Exculpatory Provisions 53 10.4 Reliance by Administrative Agent 53 10.5 Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Default 54 10.6 Non-Reliance on Administrative Agent and Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Lenders 54 10.7 Indemnification 54 10.8 Agent in Its Individual Capacity 55 10.9 Successor Administrative Agent 55 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), 11 MISCELLANEOUS 55 11.1 Amendments and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Waivers 55 11.2 Notices 56
Appears in 2 contracts
Sources: Revolving Credit Agreement (NRG Energy, Inc.), Revolving Credit Agreement (Genon Americas Generation LLC)
TABLE OF CONTENTS. (Continued) DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 4.4 Non2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-Contravention 11 In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 4.5 Capitalization 12 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 4. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 NonEnforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct Corruption Laws and Sanctions 80 4.28 Lines of Business of the Company 21 80 4.29 Federal Taxpayer Identification Number 80 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 5. CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Party’s Obligation 33 Extension of Credit 83 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; AMENDMENTOther Information 85 6.3 Maintenance of Existence; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 ExtensionCompliance; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Contractual Obligations 87
Appears in 2 contracts
Sources: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION 1. DEFINITIONS 3 2. APPOINTMENT 8 3. DUTIES OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇ADVISOR 8 4. AUTHORITY OF ADVISOR 10 5. BANK ACCOUNTS 11 6. RECORDS; ACCESS 11 7. LIMITATIONS ON ACTIVITIES 11 8. RELATIONSHIP WITH DIRECTORS 11 9. FEES 11 10. EXPENSES 12 11. OTHER SERVICES 13 12. REIMBURSEMENT TO THE ADVISOR 14 13. OTHER ACTIVITIES OF THE ADVISOR 14 14. TERM; TERMINATION OF AGREEMENT 14 15. TERMINATION BY THE PARTIES 15 16. ASSIGNMENT TO AN AFFILIATE 15 17. PAYMENTS TO AND DUTIES OF ADVISOR UPON TERMINATION 15 18. INDEMNIFICATION BY THE CORPORATION AND THE OPERATING PARTNERSHIP 15 19. INDEMNIFICATION BY ADVISOR 15 20. NOTICES 16 21. MODIFICATION 16 22. SEVERABILITY 16 23. CONSTRUCTION 16 24. ENTIRE AGREEMENT 16 25. INDULGENCES, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of RepresentationsNOT WAIVERS 16 26. GENDER 17 27. TITLES NOT TO AFFECT INTERPRETATION 17 28. EXECUTION IN COUNTERPARTS 17 29. INITIAL INVESTMENT 17 THIS ADVISORY AGREEMENT, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 is among Industrial Property REIT Inc., a Maryland corporation (the “AgreementCorporation”) among DFC Holdings), Industrial Property Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”), and Industrial Property Advisors LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”)company.
Appears in 2 contracts
Sources: Advisory Agreement (Industrial Property Reit Inc.), Advisory Agreement (Industrial Property Reit Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non1 Definitions and Accounting Matters 1 1.1 Certain Defined Terms 1 1.2 Accounting Terms and Determinations 18 1.3 Cross-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence References 18 1.4 Use of Certain Terms 18 1.5 Amendment and Restatement 19 1.6 Entire Agreement 19 1.7 Interest Rates 20 Section 2 Accommodations and Commitments 20 2.1 Availability 20 2.2 Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Commitments 21 2.3 Loans 21 2.4 [Reserved] 22 2.5 Several Obligations 22 2.6 Evidence of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇Indebtedness 22 2.7 Undrawn Fee 22 2.8 [Reserved] 23 2.9 Increase in Commitments 23 2.10 [Reserved] 24 2.11 Extension of Commitments 24 2.12 Defaulting Banks 27 2.13 ▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing Benchmark Replacement Setting 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions 2.14 Inability to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇Determine ▇▇▇▇▇ Preamble NoRates 29 Section 3 Borrowings 30 3.1 Borrowings 30 3.2 Repayments of Loans 30 Section 4 Payments of Principal and Interest 31 4.1 Maturity of Loans 31 4.2 Interest 31 4.3 Conversions 31 Section 5 Payments; Pro Rata Treatment; Computations; Etc. 32 5.2 Pro Rata Treatment 32 5.3 Computations 33 5.4 Interest Act (Canada) 33 5.5 Certain Minimum Amounts 33 5.6 Certain Notices 33 5.7 Non-Shop Period Start Receipt of Funds by the Administrative Agent 34 5.8 Sharing of Payments, Etc. 35 5.9 Pro Rata Treatment 35 Section 6 Yield Protection and Illegality 36 6.1 Additional Costs 36 6.2 Illegality 37 6.3 Compensation 37 6.4 Replacement Banks 37 6.5 Taxes 38 Section 7 Conditions Precedent 39 7.1 Effective Date 6.4(a) Notice 39 7.2 2024 Effective Date 40 7.3 All Accommodations 41 Section 8 Representations and Warranties 41 8.1 Organization and Good Standing 41 8.2 Due Qualification 41 8.3 Power and Authority 42 8.4 Financial Statements 42 8.5 No Consents 42 8.6 Binding Obligations 42 8.7 No Violation 42 8.8 No Proceedings 43 8.9 Compliance with Laws 43 8.10 Pensions 43 8.11 Payment of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Taxes 43 8.12 No Material Misstatement or Omission 43 8.13 HMC Support Agreement 43 8.14 No Proposed Changes to HMC Support Agreement 43 8.15 Sanctions 44 Section 9 Affirmative Covenants 44 9.1 Information; Notices 44 9.2 Conduct of Business; Corporate Existence 45 9.3 Compliance with Laws 46 9.4 Payment of Taxes 46 9.5 Pension and Benefits 46 9.6 Sanctions 46 9.7 Keeping of Records and Books 46 9.8 Access and Inspection of Records 46 9.9 Ranking of Obligations 47 9.10 Maintenance of Positive Consolidated Tangible Net Worth 47 9.11 Copy of Amendments or Modifications of the HMC Support Agreement 47 Section 10 Negative Covenants 47 10.1 Negative Pledge 47 10.2 Limitation on Mergers and Consolidations 49 10.3 Disposition of Assets 50 10.4 Use of Proceeds 50 10.5 Transactions with Affiliates 50 Section 11 Events of Default 51 Section 12 The Agents 53 12.1 Appointment, Powers and Immunities 53 12.2 Reliance by Agents 53 12.3 Defaults 54 12.4 Rights as a Bank 54 12.5 Indemnification 54 12.6 Non-Reliance on Agents and Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Banks 55 12.7 Failure to Act 55 12.8 Resignation/Substitution of Administrative Agent 55 12.9 Amendments Concerning Agency Function 56 12.10 Liability of Agent 56 12.11 Transfer of Administrative Agency Function 56 12.12 Erroneous Payments by the Administrative Agent 56 Section 13 Miscellaneous 59 13.1 Waiver 59 13.2 Notices 59 13.3 Expenses; Documentary Taxes; Indemnification 60 13.4 Amendments and Waivers 61 13.5 Successors and Assigns; Participations; Assignments 61 13.6 Right of Set-off 63 13.7 Survival 64 13.8 Counterparts 64 13.9 Severability; Headings Descriptive 64 13.10 Domicile of Accommodations 65 13.11 Limitation of Liability 65 13.12 Treatment of Certain Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN 65 13.13 Limit on Rate of Interest 65 13.14 Submission to Jurisdiction; Service of Process; Venue 66 13.15 GOVERNING LAW 66 13.16 WAIVER OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).JURY TRIAL 66 13.17 Anti-Money Laundering Legislation 66
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements1. DEFINITIONS AND CONSTRUCTION 1 1.1 Definitions 1 1.2 Accounting Terms 22 1.3 Code 22 1.4 Construction 22 1.5 Schedules and Exhibits 22 2. LOAN AND TERMS OF PAYMENT 22 2.1 Revolver Advances 22 2.2 Reduction in Facility Amount and Commitments 24 2.3 Borrowing Procedures and Settlement 24 2.4 Payments 29 2.5 Overadvances 31 2.6 Interest and Letter of Credit Fees Rates, Payments, and Calculations 31 2.7 Cash Management 32 2.8 Crediting Payments 33 2.9 Designated Account 34 2.10 Maintenance of Loan Account; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Obligations 34 2.11 Fees 34 2.12 Letters of Credit 35 2.13 LIBOR Option 36 2.14 Capital Requirements 39 2.15 Joint and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Several Liability of the DGCL 17 Obligors 39 2.16 Prior Loan Agreement 41 3. CONDITIONS; TERM OF AGREEMENT 41 3.1 Conditions Precedent to the Initial Extension of Credit 41 3.2 Conditions Subsequent to the Initial Extension of Credit 43 3.3 Conditions Precedent to all Extensions of Credit 43 3.4 Term 44 3.5 Effect of Termination 44 3.6 Early Termination by Borrowers 44 4. CREATION OF SECURITY INTEREST 45 4.1 Grant of Security Interest 45 4.2 Negotiable Collateral 45 4.3 Collection of Accounts, General Intangibles, and Negotiable Collateral 45 4.4 Delivery of Additional Documentation Required 45 4.5 Power of Attorney 45 4.6 Right to Inspect 46 4.7 Control Agreements 46 5. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 46 5.1 Existence No Encumbrances 47 5.2 Eligible Accounts 47 5.3 Eligible Inventory 47 5.4 Equipment 47 5.5 Location of Inventory and Power 18 Section 5.2 AuthorizationEquipment 47 5.6 Inventory Records 47 5.7 Location of Chief Executive Office; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).FEIN 47
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial StatementsARTICLE I DEFINITIONS 1 1.01. Definitions 1 ARTICLE II ADMINISTRATIVE SERVICES 3 2.01. Appointment and Acceptance of Appointment 3 2.02. Administrative Services 4 2.03. Regulatory Matters 5 2.04. Compensation 6 2.05. Reserve Certification 6 ARTICLE III BOOKS AND RECORDS; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence BANK ACCOUNTS 6 3.01. Transfer and Inspection of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Records 6 3.02. Maintenance of Books and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Records 6 3.03. Quarterly Accountings and Payments 7 3.04. Bank Accounts and Lockboxes 7 3.05. Use of Committee Financial Advisor 17 Section 4.18 Section 203 Company Marks 8 3.06. Disaster Recovery Plan 8 ARTICLE IV CAPACITY 9 4.01. Capacity 9 ARTICLE V LEGAL PROCEEDINGS 9 5.01. Responsibility of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Parties 9 ARTICLE VI DURATION 10 6.01. Duration 10 6.02. Termination 10 6.03. Survival 11 ARTICLE VII INSURANCE 11 7.01. Liability Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party11 7.02. Fidelity Bond 11 7.03. Qualifying Insurers 11 ARTICLE VIII ARBITRATION 12 8.01. Arbitration 12 ARTICLE IX INDEMNIFICATION 12 9.01. Administrator’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Indemnify 12 9.02. Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 to Indemnify 12 9.03. Certain Definitions and Procedures 12 ARTICLE X MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 12 10.01. Notices 12 10.02. Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 13 10.03. Waivers and Amendments; Remedies 13 10.04. Governing Law 38 Section 9.6 Submission to 14 10.05. Venue and Jurisdiction 38 14 10.06. Binding Effect; Assignment 14 10.07. Interpretation .14 10.08. Relationship of the Parties 14 10.09. No Control Over Administrator 15 10.10. No Third Party Beneficiaries 15 10.11. Headings 15 10.12. No Prejudice 15 10.13. Waiver of Punitive and Other Damages and Jury Trial 15 10.14. Expenses 16 10.15. Equitable Rights 16 10.16. Counterparts 16 10.17. Confidentiality 16 THIS ADMINISTRATIVE SERVICES AGREEMENT (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (this “Agreement”) among DFC Holdingsis made and entered into as of May 9, LLC2013 (the “Effective Date”) by and between American Family Life Insurance Company, a Delaware limited liability Wisconsin-domiciled stock life insurance company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”) and Kansas City Life Insurance Company, a Missouri-domiciled stock life insurance company (the “Administrator”).
Appears in 1 contract
Sources: Administrative Services Agreement (American Family Variable Account Ii)
TABLE OF CONTENTS. (Continued) Section DEFINITIONS AND RULES OF INTERPRETATION 1 §1.1 Definitions 1 §1.2 Rules of Interpretation 21 §2. THE CREDIT FACILITY 22 §2.1 Revolving Credit Loans 22 §2.2 RESERVED 22 §2.3 Notes 22 §2.4 Facility Unused Fee 22 §2.5 Reduction and Termination of the Revolving Credit Commitments 23 §2.6 RESERVED 23 §2.7 Interest on Loans 23 §2.8 Requests for Revolving Credit Loans 24 §2.9 Funds for Loans 24 §2.10 Use of Proceeds 25 §2.11 Letters of Credit 25 §2.12 Increase in Total Commitment 28 §2.13 Extension of Revolving Credit Maturity Date 30 §3. REPAYMENT OF THE LOANS 31 §3.1 Stated Maturity 31 §3.2 Mandatory Prepayments 31 §3.3 Optional Prepayments 31 §3.4 Partial Prepayments 32 §3.5 Effect of Prepayments 32 §4. CERTAIN GENERAL PROVISIONS 32 §4.1 Conversion Options 32 §4.2 Fees 32 §4.3 [Intentionally Omitted.] 33 §4.4 Funds for Payments 33 §4.5 Computations 35 §4.6 Suspension of LIBOR Rate Loans 35 §4.7 Illegality 35 §4.8 Additional Interest 36 §4.9 Additional Costs, Etc. 36 §4.10 Capital Adequacy 37 §4.11 Breakage Costs 37 §4.12 Default Interest; Late Charge 37 §4.13 Certificate 37 §4.14 Limitation on Interest 37 §4.15 Certain Provisions Relating to Increased Costs and Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Funding Lenders 38 §5. COLLATERAL SECURITY 39 §5.1 Collateral 39 §5.2 Appraisals; Adjusted Value 39 §5.3 Addition of Collateral Properties 39 §5.4 Release of Collateral Property 40 §5.5 Additional Subsidiary Credit Parties 41 §5.6 Release of Certain Subsidiary Credit Parties 41 §5.7 Release of Collateral 41 §6. REPRESENTATIONS AND WARRANTIES 41 §6.1 Corporate Authority, Etc. 41 §6.2 Governmental Approvals 42 §6.3 Title to Collateral Properties 42 §6.4 Financial Statements 42 §6.5 No Material Changes 43 §6.6 Franchises, Patents, Copyrights, Etc. 43 §6.7 Litigation 43 §6.8 No Material Adverse Contracts, Etc. 43 §6.9 Compliance with Other Instruments, Laws, Etc. 43 §6.10 Tax Status 44 §6.11 No Event of Default 44 §6.12 Investment Company Act 44 §6.13 Absence of UCC Financing Statements, Etc. 44 §6.14 Setoff, Etc. 44 §6.15 Certain Transactions 44 §6.16 Employee Benefit Plans 44 §6.17 Disclosure 45 §6.18 Trade Name; Place of Business 45 §6.19 Regulations T, U and X 45 §6.20 Environmental Compliance 45 §6.21 Subsidiaries; Organizational Structure 47 §6.22 Leases 47 §6.23 Property 47 §6.24 Brokers 48 §6.25 Other Debt 48 §6.26 Solvency 49 §6.27 No Bankruptcy Filing 49 §6.28 No Fraudulent Intent 49 §6.29 Transaction in Best Interests of Borrowers; Consideration 49 §6.30 OFAC 49 §7. AFFIRMATIVE COVENANTS 49 §7.1 Punctual Payment 50 §7.2 Maintenance of Office 50 §7.3 Records and Accounts 50 §7.4 Financial Statements, Certificates and Information 50 §7.5 Notices 52 §7.6 Existence; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Maintenance of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Properties 53 §7.7 Insurance; Condemnation 53 §7.8 Taxes; Liens 57 §7.9 Inspection of Collateral Properties and Books 58 §7.10 Compliance with Laws; , Contracts, Licenses, and Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 58 §7.11 Further Assurances 58 §7.12 Management 59 §7.13 Leases of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND Property 59 §7.14 Business Operations 59 §7.15 Registered Servicemark 60 §7.16 Ownership of Real Estate 60 §7.17 Distributions of Income to Parent Borrower 60 §7.18 Plan Assets 60 §7.19 Guarantor Covenants 60 §7.20 Collateral Properties 60 §7.21 ▇▇▇▇▇▇▇▇▇ 18 Section 5.1 Existence ▇▇ §▇. NEGATIVE COVENANTS 61 §8.1 Restrictions on Indebtedness 61 §8.2 Restrictions on Liens, Etc. 62 §8.3 Restrictions on Investments 63 §8.4 Merger, Consolidation 65 §8.5 Intentionally Deleted 65 §8.6 Compliance with Environmental Laws 65 §8.7 Distributions 66 §8.8 Asset Sales 67 §8.9 Collateral Properties 67 §8.10 Restriction on Prepayment of Indebtedness 67 §8.11 Derivatives Contracts 68 §8.12 Transactions with Affiliates 68 §8.13 Management Fees 68 §9. FINANCIAL COVENANTS 68 §9.1 Maximum Leverage Ratio 68 §9.2 Minimum Liquidity 68 §9.3 Minimum Fixed Charge Coverage Ratio 68 §9.4 Minimum Tangible Net Worth 68 §9.5 Minimum Debt Yield 68 §9.6 Maximum Loan to Value Ratio 69 §9.7 Interest Rate Protection 69 §10. CLOSING CONDITIONS 69 §10.1 Loan Documents 69 §10.2 Certified Copies of Organizational Documents 69 §10.3 Resolutions 69 §10.4 Incumbency Certificate; Authorized Signers 69 §10.5 Opinion of Counsel 69 §10.6 Payment of Fees 69 §10.7 Insurance 69 §10.8 Performance; No Default 69 §10.9 Representations and Power 18 Section 5.2 AuthorizationWarranties 70 §10.10 Proceedings and Documents 70 §10.11 Eligible Real Estate Qualification Documents 70 §10.12 Compliance Certificate 70 §10.13 Appraisals 70 §10.14 Consents 70 §10.15 Other 70 §11. CONDITIONS TO ALL BORROWINGS 70 §11.1 Prior Conditions Satisfied 70 §11.2 Representations True; No Default 70 §11.3 Borrowing Documents 71 §11.4 Future Advances Tax Payment 71 §12. EVENTS OF DEFAULT; ACCELERATION; ETC. 71 §12.1 Events of Default and Acceleration 71 §12.2 Certain Cure Periods 73 §12.3 Termination of Commitments 73 §12.4 Remedies 73 §12.5 Distribution of Collateral Proceeds 74 §13. SETOFF 75 §14. THE AGENT 75 §14.1 Authorization 75 §14.2 Employees and Agents 75 §14.3 No Liability 75 §14.4 No Representations 76 §14.5 Payments 76 §14.6 Holders of Notes 77 §14.7 Indemnity 77 §14.8 Agent as Lender 77 §14.9 Resignation 77 §14.10 Duties in the Case of Enforcement 78 §14.11 Bankruptcy 78 §14.12 Request for Agent Action 78 §14.13 Reliance by Agent 79 §14.14 Approvals 18 Section 5.3 Governmental Authorization 79 §14.15 Borrowers Not Beneficiary 79 §14.16 Defaulting Lenders 79 §14.17 Reliance on Hedge Provider 81 §15. EXPENSES 82 §16. INDEMNIFICATION 82 §17. SURVIVAL OF COVENANTS, ETC. 83 §18. ASSIGNMENT AND PARTICIPATION 83 §18.1 Conditions to Assignment by Lenders 83 §18.2 Register 84 §18.3 New Notes 84 §18.4 Participations 84 §18.5 Pledge by Lender 85 §18.6 No Assignment by Borrowers 85 §18.7 Disclosure 85 §18.8 Titled Agents 86 §18.9 Amendments to Loan Documents 86 §19. NOTICES 86 §20. RELATIONSHIP 86 §21. GOVERNING LAW; CONSENT TO JURISDICTION AND SERVICE 87 §22. HEADINGS 87 §23. COUNTERPARTS 87 §24. ENTIRE AGREEMENT, ETC. 87 §25. WAIVER OF JURY TRIAL AND CERTAIN DAMAGE CLAIMS 87 §26. DEALINGS WITH THE BORROWERS 88 §27. CONSENTS, AMENDMENTS, WAIVERS, ETC. 88 §28. SEVERABILITY 89 §29. TIME OF THE ESSENCE 89 §30. NO UNWRITTEN AGREEMENTS 89 §31. REPLACEMENT NOTES 89 §32. NO THIRD PARTIES BENEFITED 89 §33. PATRIOT ACT 89 §34. [Intentionally Omitted.] 90 §35. JOINT AND SEVERAL LIABILITY 90 §36. ADDITIONAL AGREEMENTS CONCERNING OBLIGATIONS OF BORROWERS AND SUBSIDIARY GUARANTORS 90 §36.1 Attorney-in-Fact 90 §36.2 Accommodation 90 §36.3 Waiver of Automatic or Supplemental Stay 90 §36.4 Waiver of Defenses 90 §36.5 Waiver 92 §36.6 Subordination 93 §36.7 Waiver of Rights Under Anti-Deficiency Rules 93 §36.8 Further Waivers 94 §37. ACKNOWLEDGMENT OF BENEFITS; EFFECT OF AVOIDANCE PROVISIONS 94 Exhibit A FORM OF REVOLVING CREDIT NOTE Exhibit B RESERVED Exhibit C FORM OF JOINDER AGREEMENT Exhibit D FORM OF REQUEST FOR REVOLVING CREDIT LOAN Exhibit E FORM OF LETTER OF CREDIT REQUEST Exhibit F FORM OF BORROWING BASE AVAILABILITY CERTIFICATE Exhibit G FORM OF COMPLIANCE CERTIFICATE Exhibit H FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT Exhibit I FORM OF LETTER OF CREDIT APPLICATION Schedule 1.1 LENDERS AND COMMITMENTS Schedule 1.2 ELIGIBLE REAL ESTATE QUALIFICATION DOCUMENTS Schedule 6.3 LIST OF ALL ENCUMBRANCES ON ASSETS Schedule 6.5 NO MATERIAL CHANGES Schedule 6.7 PENDING LITIGATION Schedule 6.15 CERTAIN TRANSACTIONS Schedule 6.20(d) REQUIRED ENVIRONMENTAL ACTIONS Schedule 6.21 SUBSIDIARIES Schedule 6.22 EXCEPTIONS TO RENT ROLL Schedule 6.23 PROPERTY Schedule 6.25 MATERIAL LOAN AGREEMENTS Schedule 8.8 ASSET SALES Schedule 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business NOTICE ADDRESSES THIS AMENDED AND RESTATED CREDIT AGREEMENT is made as of the Company 21 Section 6.2 Consents 26th day of June, 2015, by and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇among CITY OFFICE REIT OPERATING PARTNERSHIP, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of RepresentationsL.P., Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 a Maryland limited partnership (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“ParentParent Borrower”), DFC Merger Corp.the Subsidiary Credit Parties hereafter becoming a party hereto, a Delaware corporation KEYBANK NATIONAL ASSOCIATION (“PurchaserKeyBank”), whose sole stockholder is Parentthe other lending institutions which are parties to this Agreement as “Lenders”, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇and the other lending institutions that may become parties hereto pursuant to §18, an individual KEYBANK NATIONAL ASSOCIATION, as administrative agent for the Lenders (the “▇▇▇▇▇▇▇Agent”), and ▇▇▇▇ Food CompanyKEYBANC CAPITAL MARKETS, Inc., a Delaware corporation (the “Company”)as Sole Lead Arranger and Sole Book Manager.
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 1 DEFINITIONS 1 1.1 Defined Terms 1 1.2 Accounting Terms 10 1.3 Other Terms Defined in UCC 10 1.4 Other Interpretive Provisions 10 Section 2 COMMITMENT OF THE BANK; BORROWING PROCEDURES; PAYMENTS 11 2.1 Commitments 11 2.2 Borrowing Procedures 12 2.3 Loan Account 15 2.4 Discretionary Disbursements 15 2.5 Notes 15 2.6 Revolving Loan Principal Payments 15 2.7 Taxes 16 2.8 Compliance with Bank Regulatory Requirements; Increased Costs 17 Section 3 INTEREST RATE, FEES AND EXPENSES 17 3.1 Interest Rates 17 3.2 Default Rate 17 3.3 Interest Payment Dates 17 3.4 Computations 18 3.5 Letter of Credit Fees 18 3.6 Non-Contravention 11 Use Fee 18 3.7 Costs, Fees and Expenses 18 Section 4 CONDITIONS OF BORROWING 19 4.1 Loan Documents 19 4.2 Event of Default 20 4.3 Banking Relationship 20 4.4 Reimbursement of Expenses 20 4.5 Capitalization 12 Material Adverse Effect 20 4.6 Litigation 20 4.7 Representations and Warranties 20 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 5 REPRESENTATIONS AND WARRANTIES OF PARENT20 5.1 Borrower Organization and Name 20 5.2 Authorization 21 5.3 Validity and Binding Nature 21 5.4 Ownership of Properties; Liens 21 5.5 Equity Ownership 21 5.6 Intellectual Property 21 5.7 Financial Statements 21 5.8 Litigation and Contingent Liabilities 21 5.9 Event of Default 22 5.10 Adverse Circumstances 22 5.11 Environmental Laws and Hazardous Substances 22 5.12 Solvency, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 etc. 22 5.13 ERISA Obligations 22 5.14 Labor Relations 23 5.15 Lending Relationship 23 5.16 Business Loan 23 5.17 Taxes 23 5.18 Compliance with Regulation U 23 5.19 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct Regulation 23 5.20 Place of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 5.21 Complete Information 24 Section 6 AFFIRMATIVE COVENANTS 24 6.1 Borrower Existence 24 6.2 Compliance With Laws 24 6.3 Payment of Taxes and Liabilities 25 6.4 Maintain Property 25 6.5 Public Announcements 27 Section Maintain Insurance 25 6.6 ERISA Liabilities; Employee Benefits 27 Section Plans 25 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company 26 6.8 Notice of Proceedings 26 6.9 Notice of Event of Default or Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 26 6.10 Environmental Matters 26 6.11 Further Assurances 27 6.12 Banking Relationship 27 6.13 Financial Statements and Books and Records 27 6.14 Reporting Requirements 27 6.15 Use of Proceeds 28 6.16 Other Reports 28 Section 7 NEGATIVE COVENANTS 28 7.1 Debt Commitment Letter 5.9 28 7.2 Encumbrances 28 7.3 Transfer; Merger; Sales 29 7.4 Investments, Acquisitions, Loans and Advances 29 7.5 Intentionally Omitted 29 7.6 Transactions with Affiliates 29 7.7 Unconditional Purchase Obligations 29 7.8 Cancellation of Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice 29 7.9 Inconsistent Agreements 30 7.10 Use of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Proceeds 30 7.11 Business Activities; Change of Legal Status and Organizational Documents 30 Section 8 FINANCIAL COVENANTS 30 8.1 Tangible Net Worth 30 8.2 Liabilities to Tangible Net Worth 30 8.3 Interest Coverage Ratio 30 Section 9 EVENTS OF DEFAULT 30 9.1 Nonpayment of Obligations 30 9.2 Misrepresentation 31 9.3 Nonperformance 31 9.4 Default under Loan Documents 31 9.5 Default under Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Debt 31
Appears in 1 contract
Sources: Loan Agreement (Koss Corp)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 5.4 Illegality 56 Section 4.5 Capitalization 12 5.5 Discretion of the Banks as to Manner of Funding 57 Section 4.6 Subsidiaries 12 5.6 Taxes 57 Section 4.7 Past SEC Documents 13 Section 4.8 Financial 5.7 Selection of Lending Installation; Mitigation Obligations; Bank Statements; Liabilities 14 Survival of Indemnity 61 Section 4.9 Disclosure Statements 14 5.8 Judgment Currency 61 Section 4.10 Absence of Certain Changes 15 5.9 Mitigation 62 Section 4.11 Litigation 15 5.10 No Advisory or Fiduciary Responsibility 62 ARTICLE VI CONDITIONS PRECEDENT 63 Section 4.12 Taxes 15 6.1 Conditions to Effectiveness 63 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 6.2 Conditions Precedent to Initial Loans 64 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 6.3 Conditions Precedent to all Loans 64 ARTICLE VII REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 65 Section 7.1 Conditions to Each Party’s Obligation 33 Organization, Standing, Etc. 65 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s Authorization and Parent’s Obligation 33 Validity 65 Section 7.3 No Conflict; No Default 65 Section 7.4 Government Consent 66 Section 7.5 Financial Statements and Condition to Company’s Obligation 34 TERMINATION66 Section 7.6 Litigation 66 Section 7.7 Compliance 66 Section 7.8 Environmental, Health and Safety Laws 66 Section 7.9 ERISA 66 Section 7.10 Regulation U 67 Section 7.11 Ownership of Property; AMENDMENTLiens 67 Section 7.12 Taxes 67 Section 7.13 Trademarks, Patents 67 Section 7.14 Investment Company Act 67 Section 7.15 Subsidiaries 67 Section 7.16 Solvency 68 Section 7.17 Disclosure 68 Section 7.18 Sanctions; WAIVER 34 Anti-Terrorism Laws 69 Section 7.19 Affected Financial Institutions 69 ARTICLE VIII AFFIRMATIVE COVENANTS 69 Section 8.1 Termination 34 Financial Statements and Reports 69 Section 8.2 Effect of Termination 35 Corporate Existence 72 Section 8.3 Amendment 35 Insurance 72 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Payment of Taxes and Claims 72 Section 9.1 Nonsurvival 8.5 Inspection 72 Section 8.6 Maintenance of Representations, Warranties Properties 72 Section 8.7 Books and Agreements 36 Records 72 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).8.8 Compliance 73
Appears in 1 contract
Sources: Credit Agreement (Graco Inc)
TABLE OF CONTENTS. (Continued) SUBPART A – GENERAL REQUIREMENTS 1 A. Section 4.4 26.1 Objectives 1 B. Section 26.3 Applicability 1 C. Section 26.5 Definitions 1 D. Section 26.7 Non-Contravention discrimination Requirements 1 E. Section 26.11 Record Keeping Requirements 1 F. Section 26.13 Federal Financial Assistance Agreement 2 SUBPART B - ADMINISTRATIVE REQUIREMENTS 3 A. Section 26.21 DBE Program Updates 3 B. Section 26.23 Policy Statement 3 C. Section 26.25 DBE Liaison Officer 3 D. Section 26.27 DBE Financial Institutions 4 E. Section 26.29 Prompt Payment Mechanisms 5 F. Section 26.31 Directory 6 G. Section 26.33 Overconcentration 6 H. Section 26.35 Business Development Program 6 I. Section 26.39 Small Business Element 6 J. Section 26.37 Monitoring and Enfocement Mechanisms 7 SUBPART C – GOALS, GOOD FAITH EFFORTS, AND COUNTING 10 A. Section 26.43 Quotas 10 B. Section 26.45 Project Overall Goal 10 C. Section 26.49 Transit Vehicle Manufacturers Goals 11 D. Section 4.5 Capitalization 26.51(d-g) Contract Goals 11 E. Section 26.53 Good Faith Efforts Procedures 12 F. Section 4.6 Subsidiaries 12 26.55 Counting DBE Participation 16 I. Section 4.7 Past SEC Documents 13 26.87 Removal of DBE Eligibility 20 SUBPART D and E – CERTIFICATION STANDARDS AND PROCEDURES 22 A. Certification Process 22 SUBPART F – COMPLIANCE AND ENFORCEMENT 25 A. Section 4.8 26.109 Information, Confidentiality, Cooperation 25 Organizational Charts……………………………………………………………….. Attachment 1 Minority-Owned Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Institutions……………………………………………… Attachment 2 Monitoring and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions Enforcement Mechanisms……………………………………….. Attachment 3 DBE Commitment Forms……….……………...…………………………………… Attachment 4 Goal Setting Methodology………………………………………………………….. Attachment 5 Appendix A to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Part 26 - Guidance Concerning Good Faith Efforts………….. Attachment 6
Appears in 1 contract
TABLE OF CONTENTS. (Continued) ARTICLE I PURCHASE AND SALE 1 Section 4.4 Non-Contravention 11 1.1 Purchase and Sale 1 Section 4.5 Capitalization 1.2 Transaction Consideration 5 Section 1.3 Closing Date 6 Section 1.4 Closing Payment and Deliveries 6 Section 1.5 Net Working Capital Adjustment 8 Section 1.6 Earnout 10 Section 1.7 Tax Withholding 12 Section 4.6 Subsidiaries 1.8 Allocation of Transaction Consideration 12 ARTICLE II REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS 12 Section 4.7 Past SEC Documents 2.1 Authorization and Enforceability 12 Section 2.2 Brokers Fees 13 Section 4.8 Financial Statements; Liabilities 2.3 No Proceedings 13 Section 2.4 Investor Status 13 ARTICLE III REPRESENTATIONS AND WARRANTIES CONCERNING SELLER PARTIES 14 Section 4.9 Disclosure Statements 3.1 Organization and Related Matters 14 Section 4.10 3.2 Books and Records 14 Section 3.3 Capitalization 15 Section 3.4 Conflicts; Consents of Third Parties 15 Section 3.5 Financial Statements 16 Section 3.6 No Undisclosed Liabilities 16 Section 3.7 Absence of Certain Changes 15 Developments 16 Section 4.11 3.8 Taxes 19 Section 3.9 Real Property 20 Section 3.10 Tangible Personal Property; Title; Sufficiency of Assets 21 Section 3.11 Intellectual Property 22 Section 3.12 Contracts 25 Section 3.13 Employee Benefits 27 Section 3.14 Labor 30 Section 3.15 Litigation 15 31 Section 4.12 Taxes 15 Section 4.13 3.16 Compliance with Laws; Licenses, Permits and Registrations 16 31 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 3.17 Environmental Matters 34 Section 8.1 Termination 3.18 Insurance 34 Section 8.2 Effect of Termination 3.19 Receivables; Payables 35 Section 8.3 Amendment 3.20 Inventory 35 Section 8.4 Extension; Waiver 3.21 Products and Services 35 MISCELLANEOUS Section 3.22 Customers and Suppliers 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 3.23 Related Party Transactions 37 Section 9.4 Notices 3.24 Brokers Fees 37 Section 9.5 Governing Law 3.25 Absence of Certain Business Practices 37 Section 3.26 Business Continuity 38 Section 9.6 Submission to Jurisdiction 3.27 Privacy 38 (Continued) Section 9.7 Descriptive Headings 3.28 Bank Accounts; Powers of Attorney 38 Section 3.29 Names 38 Section 3.30 Not a Foreign Person 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 113.31 Broadsmart, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Inc. 39
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 1. Definitions 1 2. Purchase and Sale of Securities. 9 2.1 Sale and Issuance of Series A Preferred Shares 9 2.2 Closing 9 3. Representations and Warranties of the Warrantors 9 3.1 Organization, Good Standing and Qualification 9 3.2 Corporate Structure; Subsidiaries 10 3.3 Capitalization 10 3.4 Authorization 11 3.5 Valid Issuance of Series A Preferred Shares and Conversion Shares 11 3.6 Governmental Approvals 11 3.7 Offering 11 3.8 Certain Regulatory Matters 12 3.9 Tax Matters 12 3.10 Charter Documents; Books and Records 13 3.11 Financial Statements 13 3.12 Changes 14 3.13 Actions and Governmental Orders 15 3.14 Liabilities 15 3.15 Commitments 15 3.16 Compliance with Laws and Governmental Orders 17 3.17 Title; Properties; Permits 18 3.18 Related Party Transactions 19 3.19 Intellectual Property 19 3.20 Compliance with Other Instruments 20 3.21 Insurance 21 3.22 Employee Matters 21 3.23 No Brokers 22 3.24 Disclosure 22 4. Representations and Warranties of the Purchasers 22 4.1 Authorization 22 4.2 Purchase Entirely for Own Account 22 4.3 Disclosure of Information 22 4.4 Accredited Investor 23 5. Conditions of Purchasers’ Obligations at Closing 23 5.1 Representations and Warranties 23 5.2 Performance 23 5.3 Proceedings and Documents 23 5.4 Government Approvals and Consents 23 5.5 Amended Memorandum and Articles 23 5.6 Investors’ Rights Agreement 23 5.7 Right of First Refusal and Co-Sale Agreement 24 5.8 Share Incentive Plan 24 5.9 Financial Statements 24 5.10 Board of Directors 24 5.11 Indemnification Agreement 24 5.12 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Competition, Non-Solicitation, Confidential Information, and Invention Assignment Agreements 24 5.13 Reserved 24 5.14 Legal Opinions 24 5.15 No Material Adverse Events 24 5.16 Restructuring 25 5.17 Business Plan and Budget 25 5.18 Waiver of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Confidentiality Obligations in Business Contracts 25 5.19 Waiver of Employee Confidentiality and Non-competition Obligations 25 5.20 Alibaba Side Agreement 25 5.21 Bringdown Certificate 26 5.22 Due Diligence 26 6. Conditions of the Company’s Obligations at Closing 26 6.1 Representations and Warranties 26 6.2 Payment of Purchase Price 26 6.3 Performance 26 6.4 Investors’ Rights Agreement 26 6.5 Right of First Refusal and Co-Sale Agreement 26 6.6 Government Approvals and Consents 26 7. Covenants and Other Agreements 27 7.1 Use of Proceeds 27 7.2 Full-time Employment 27 7.3 Transfers and Licensing of Intellectual Property 27 7.4 Restructuring 28 7.5 Compliance with Laws; Licenses, Permits Applicable Laws 28 7.6 Confidentiality 28 7.7 Joint Lab Agreement 29 7.8 SAFE Registration 29 7.9 Management of Group Debt 29 7.10 Public Official Communication 30 7.11 Non-Compete 30 7.12 No Negotiation 31 8. Miscellaneous 31 8.1 Indemnification by the Warrantors 31 8.2 Successors and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 FindersAssigns 32 8.3 Governing Law and Dispute Resolution 32 8.4 Counterparts 32 8.5 Titles and Subtitles 33 8.6 Notices 33 8.7 Expenses 33 8.8 Amendments and Waivers 33 8.9 Severability 33 8.10 Entire Agreement 33 8.11 Specific Performance 34 8.12 No Waiver 34 8.13 Further Assurances 34 SCHEDULE A Schedule of Purchasers SCHEDULE B Disclosure Schedule SCHEDULE 5.16(i) Assets and Liabilities Transferred from Group to Sohu SCHEDULE 5.16(ii) Assets and Liabilities Transferred from Sohu to Group SCHEDULE 5.16(iii) Restructuring Plan EXHIBIT A Amended and Restated Memorandum and Articles of Association EXHIBIT B Investors’ Fees; Rights Agreement EXHIBIT C Right of First Refusal and Co-Sale Agreement EXHIBIT D Share Incentive Plan EXHIBIT E Form of Director Indemnification Agreement EXHIBIT F Form of Employment Agreement Form of Non-competition and Non-Solicitation Agreement Form of Confidential Information and Invention Assignment Agreement EXHIBIT G reserved EXHIBIT H Form of Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Cayman Islands Special Counsel to the Company EXHIBIT I Form of Opinion of PRC Counsel to the Company THIS SERIES A PREFERRED SHARE PURCHASE AGREEMENT (the “Agreement”) is made as of October 2, 2010, by and among Sogou Inc., a company incorporated under the Laws of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENTCayman Islands (the “Company”), PURCHASER AND Sogou (BVI) Limited, a company duly incorporated and existing under the Laws of the British Virgin Islands (“Sogou BVI”), Sogou Hong Kong Limited, a company duly incorporated and existing under the Laws of the Hong Kong S.A.R. (“Sogou HK”), Beijing Sogou Technology Development Co., Ltd. (北京搜狗科技发展有限公司), a limited liability company duly organized and existing under the Laws of the PRC (the “PRC Subsidiary”), Beijing Sogou Information Service Co., Ltd. (北京搜狗信息服务有限公司), a limited liability company duly organized and existing under the Laws of the PRC (“Sogou Information”), and the purchasers listed on Schedule A hereto (each of which is herein referred to as a “Purchaser” and, collectively, the “Purchasers,” and with the Company, Sogou BVI, Sogou HK, the PRC Subsidiary and Sogou Information, the “Parties,” and each, a “Party”). ▇▇▇▇.▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp.Inc., a Delaware corporation (“PurchaserSohu”), whose sole stockholder is Parentas signatory hereto and a Party to this Agreement solely for the purpose of Sections 3, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇7.3, an individual (“▇▇▇▇▇▇▇”)7.4, 7.6, 7.7, 7.8, 7.9, 7.10, 7.11, 7.12 and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”)8.1 hereto.
Appears in 1 contract
Sources: Series a Preferred Share Purchase Agreement (Sohu Com Inc)
TABLE OF CONTENTS. (Continued) Section 4.4 DEFINITIONS AND INTERPRETATION 8 1.1 Definitions 8 1.2 Interpretation 16 2. SALE AND PURCHASE 17 2.1 Sale and purchase 17 2.2 Sale free from all Encumbrances 17 2.3 Sale with all rights 17 2.4 Waiver 17 3. CONSIDERATION 18 3.1 Purchase Price 18 3.2 Calculation 18 3.3 Estimated Closing Net Cash and Closing Working Capital 21 3.4 Payment of the Purchase Price 21 4. CONDITIONS PRECEDENT 23 4.1 Conditions Precedent 23 4.2 Waiver of the Conditions Precedent 23 4.3 Cooperation 24 5. TERMINATION 24 5.1 Termination 24 5.2 Consequences of Termination 24 6. CLOSING 25 6.1 Date of Closing 25 6.2 Place of Closing 25 6.3 Deliveries 25 6.4 Simultaneous completion actions 27 7. MAKING OF AND RELIANCE ON THE WARRANTIES 27 7.1 Warranties 27 7.2 Disclosures 27 7.3 Date of the Warranties 27 7.4 Knowledge or awareness 28 7.5 Waiver by Vendor 28 7.6 No other warranties 28 8. WARRANTIES 28 8.1 Capacity 28 8.2 Consents and Valid Obligations 28 8.3 No Breach 28 8.4 Organisation of the Group 29 8.5 Corporate Records 29 8.6 Compliance with articles of association 30 8.7 Shares 30 8.8 Accounts 30 8.9 Management of the Group Companies since 1st January 2014 31 8.10 Guarantees and comfort letters 31 8.11 Indebtedness, loans, bank accounts, derivatives and grants 31 8.12 Assets 32 8.13 Real property 32 8.14 Intellectual property 33 8.15 Information Technology 34 8.16 Data Processing 34 8.17 Tax matters 34 8.18 Employees 35 8.19 Litigation 36 8.20 Insurance 36 8.21 Legal compliance 37 8.22 Product quality 38 8.23 Suppliers and customers 38 8.24 Contracts and commitments 38 8.25 Product Registrations 39 8.26 Anti-competitive arrangements 39 8.27 Secret or confidential information or property 40 8.28 Relations with the Vendor 40 8.29 Environmental matters 40 8.30 Commercial bribery - Fraud 40 8.31 Brokers 41 9. REMEDIES 41 9.1 Indemnification 41 9.2 Method of asserting a Loss 41 9.3 Limitation of the Vendor indemnification obligations 42 9.4 Notice of a Loss 43 9.5 Mitigation 43 9.6 Time limitations 43 9.7 Third party claim 43 9.8 Disagreement 44 9.9 Payment 44 9.10 Exclusive remedy 44 10. SPECIFIC INDEMNITIES 45 10.1 Transaction bonus – Taxes – Restructuring – Machelen Pollution 45 10.2 Information and others 45 10.3 Set-off 45 10.4 Indemnification 46 11. PURCHASER WARRANTIES 46 11.1 Corporate organisation 46 11.2 Capacity 46 11.3 Consents and Competition clearance 46 11.4 Financing 46 11.5 Entitlement to purchase 47 11.6 Remedies 47 12. GUARANTEE 47 12.1 Guarantee 47 12.2 Guarantor’s warranties 48 13. PRE-CLOSING COVENANTS 48 13.1 Management in the ordinary course of business / access to info 48 13.2 Specific restrictions 49 13.3 Notice of any change 50 13.4 Restructuring 51 13.5 Insurance policy 51 13.6 Managed Accounts Agreement 51 14. POST-CLOSING COVENANTS 52 14.1 Definition of Business 52 14.2 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 compete covenant 52 14.3 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct Solicitation of Business employees 52 14.4 Discharge of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 liability 52 14.5 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Matters 53
Appears in 1 contract
Sources: Share Purchase Agreement (Platform Specialty Products Corp)
TABLE OF CONTENTS. (Continued) Section ARTICLE I. 1 1.1 Leased Property; Term 1 ARTICLE II. 2 2.1 Definitions 2 ARTICLE III. 11 3.1 Rent 11 3.2 [Intentionally Omitted] 12 3.3 [Intentionally Omitted] 12 3.4 Additional Charges 12 3.5 Late Payment of Rent 12 3.6 Net Lease 13 ARTICLE IV. 13 4.1 Impositions 13 4.2 Utilities 14 4.3 Insurance 14 4.4 Non-Contravention 11 Section Impound Account 14 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities Tax Service 14 Section 4.9 Disclosure Statements ARTICLE V. 14 Section 4.10 Absence 5.1 No Termination, Abatement, etc 14 ARTICLE VI. 15 6.1 Ownership of Certain Changes the Leased Property 15 Section 4.11 Litigation 6.2 Personal Property 15 Section 4.12 Taxes 6.3 Transfer of Personal Property and Capital Additions to Lessor 15 Section 4.13 ARTICLE VII. 16 7.1 Condition of the Leased Property 16 7.2 Use of the Leased Property 16 7.3 Lessor to Grant Easements, etc 17 7.4 Preservation of Gross Revenues 17 ARTICLE VIII. 18 8.1 Compliance with Laws; LicensesLegal and Insurance Requirements, Permits Instruments, etc 18 ARTICLE IX. 18 9.1 Maintenance and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Repair 18 9.2 Encroachments, Restrictions, Mineral Leases, etc 19 ARTICLE X. 20 10.1 Construction of Capital Additions to the Leased Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion 20 10.2 Funding by Lessor 22 10.3 Capital Additions Financed by Lessee 23 ARTICLE XI. 23 11.1 Liens 23 ARTICLE XII. 24 12.1 Permitted Contests 24 ARTICLE XIII. 24 13.1 General Insurance Requirements 25 13.2 Replacement Cost 26 13.3 Additional Insurance 26 13.4 Waiver of Committee Financial Advisor 17 Section 4.18 Section 203 Subrogation 26 13.5 Policy Requirements 26 13.6 Increase in Limits 27 13.7 Blanket Policies and Policies Covering Multiple Locations 27 13.8 No Separate Insurance 27 ARTICLE XIV. 27 14.1 Insurance Proceeds 27 14.2 Insured Casualty 28 14.3 Uninsured Casualty 29 14.4 No Abatement of Rent 29 14.5 Waiver 29 14.6 Damage Near End of Term 29 ARTICLE XV. 29 15.1 Total Taking 29 15.2 Partial Taking 29 15.3 Restoration 29 15.4 Award-Distribution 30 15.5 Temporary Taking 30 ARTICLE XVI. 30 16.1 Events of Default 30 16.2 Certain Remedies 32 16.3 Damages 33 16.4 Receiver 34 16.5 Lessee's Obligation to Purchase 34 16.6 Waiver 34 16.7 Application of Funds 34 16.8 Reserved 34 16.9 Reserved 34 16.10 Lessor's Security Interest 34 ARTICLE XVII. 35 17.1 Lessor's Right to Cure Lessee's Default 35 ARTICLE XVIII. 35 18.1 Purchase of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence Leased Property 36 ARTICLE XIX. 36 19.1 Renewal Term 36 ARTICLE XX. 36 20.1 Holding Over 37 ARTICLE XXI. 37 21.1 Letters of Credit 37 21.2 Uses of Letters of Credit 37 ARTICLE XXII. 37 22.1 Risk of Loss 37 ARTICLE XXIII. 37 23.1 General Indemnification 37 ARTICLE XXIV. 38 24.1 Prohibition 38 24.2 Consent 39 24.3 Costs 40 24.4 No Release of Lessee's Obligations 41 24.5 Assignment of Lessee's Rights Against Sublease 41 24.6 Reserved 41 24.7 REIT Protection 41 24.8 Prepaid Rent 42 ARTICLE XXV. 42 25.1 Officer's Certificate 42 25.2 Statements 42 25.3 Charges 44 ARTICLE XXVI. 44 26.1 Lessor's Right to Inspect and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Show the Leased Property and Capital Additions 44 ARTICLE XXVII. 44 27.1 No Waiver 44 ARTICLE XXVIII. 44 28.1 Remedies Cumulative 44 ARTICLE XXIX. 44 29.1 Acceptance of Surrender 44 ARTICLE XXX. 44 30.1 No Merger 44 ARTICLE XXXI. 45 31.1 Conveyance by Lessor 45 ARTICLE XXXII. 45 32.1 Quiet Enjoyment 45 ARTICLE XXXIII. 45 33.1 Notices 45 ARTICLE XXXIV. 46 34.1 Appraiser 46 ARTICLE XXXV. [Intentionally Omitted] 46 ARTICLE XXXVI. 46 36.1 Lessor May Grant Liens 47 36.2 Attornment 47 ARTICLE XXXVII. 47 37.1 Hazardous Substances 47 37.2 Notices 48 37.3 Remediation 48 37.4 Indemnity 48 37.5 Environmental Inspection 49 ARTICLE XXXVIII. 49 38.1 Memorandum of Lease 49 ARTICLE XXXIX. 50 39.1 Sale of Assets 50 ARTICLE XL. 50 40.1 Subdivision 50 ARTICLE XLI. 51 41.1 Authority 51 ARTICLE XLII. 51 42.1 Attorneys' Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇51 ARTICLE XLIII. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).51 43.1 Brokers 51 ARTICLE XLIV. 51 44.1
Appears in 1 contract
Sources: Lease Agreement (Emeritus Corp\wa\)
TABLE OF CONTENTS. (Continued) The Merger 2 Section 4.4 Non-Contravention 11 1.1 The Merger 2 Section 4.5 1.2 Closing 2 Section 1.3 Effective Time 3 Section 1.4 Effect of the Merger 3 Section 1.5 Organizational Documents 3 Section 1.6 Directors and Officers of the Surviving Entity 4 Section 1.7 Subsequent Actions 4 Section 1.8 Consideration; Effect on Capital Stock. 4 Section 1.9 Plan of Reorganization. 18 ARTICLE II Representations and Warranties of the Company 18 Section 2.1 Organization and Standing; Subsidiaries 18 Section 2.2 Authority; No Conflicts 19 Section 2.3 Capitalization 12 20 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 2.4 Financial Statements; Undisclosed Liabilities 14 21 Section 4.9 Disclosure Statements 14 Section 4.10 2.5 Absence of Certain Changes 15 22 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 2.6 Compliance with LawsLaws 23 Section 2.7 Permits 23 Section 2.8 Litigation 23 Section 2.9 Benefit Plans 24 Section 2.10 Labor Matters 26 Section 2.11 Tax Matters. 27 Section 2.12 Intellectual Property. 29 Section 2.13 Material Contracts 33 Section 2.14 Governmental Consents and Approvals 36 Section 2.15 Environmental Matters 36 Section 2.16 Leased Real Property 36 Section 2.17 Interested Party Transactions 37 Section 2.18 Suppliers, Customers and Partners 37 Section 2.19 Accounts, Powers of Attorney 37 Section 2.20 Insurance 37 Section 2.21 Tangible Assets; Licenses, Permits and Registrations 16 Title to Property 38 Section 4.14 Contracts 16 2.22 Minute Books 38 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ 2.23 Broker’s or Finder’s Fees; Opinion Transaction Expenses 38 Section 2.24 State Takeover Statutes. 38 Section 2.25 Full Disclosure 38 Section 2.26 No Additional Representations or Warranties 38 ARTICLE III Company Stockholders Release 39 Section 3.1 Waiver and Release 39 Section 3.2 Ownerhip of Committee Financial Advisor 17 Company Capital Stock 39 Section 4.18 Section 203 3.3 Absense of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of Claims by the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).41
Appears in 1 contract
Sources: Merger Agreement (Attunity LTD)
TABLE OF CONTENTS. (Continued) ARTICLE I —CERTAIN DEFINITIONS 1 Section 4.4 Non-Contravention 1.1 Certain Definitions 1 Section 1.2 Interpretation 11 ARTICLE II —THE MERGER 11 Section 4.5 Capitalization 2.1 The Merger 11 Section 2.2 Articles of Merger 11 Section 2.3 Articles of Incorporation 11 Section 2.4 By–laws 11 Section 2.5 Officers 11 Section 2.6 Directors 12 Section 4.6 Subsidiaries 2.7 Purchase Price 12 Section 4.7 Past SEC Documents 13 2.8 Conversion of Shares 18 Section 4.8 Financial Statements; Liabilities 14 2.9 Exchange of Certificates 20 Section 4.9 Disclosure Statements 14 2.10 Dissenting Shares 21 Section 4.10 Absence of Certain Changes 15 2.11 Common Stock Options, Series E Preferred Stock Options and Series E Preferred Stock Warrants 22 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 2.12 Closing 24 ARTICLE III —REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER THE COMPANY 24 Section 3.1 Organization and Qualification; Subsidiaries 24 Section 3.2 Authorization 25 Section 3.3 Non–contravention 26 Section 3.4 Consents 26 Section 3.5 Capitalization; Subsidiaries 26 Section 3.6 Financial Statements 28 Section 3.7 Absence of Certain Developments 28 Section 3.8 Governmental Authorizations; Licenses; Etc 28 Section 3.9 Litigation 29 Section 3.10 Taxes 29 Section 3.11 Environmental Matters 30 Section 3.12 Employee Matters 31 Section 3.13 Employee Benefit Plans 31 Section 3.14 Intellectual Property Rights 32 Section 3.15 Contracts 33 Section 3.16 Insurance 34 Section 3.17 Property 34 Section 3.18 Transaction With Affiliates 35 Section 3.19 Brokers 35 Section 3.20 Company Board 35 Section 3.21 Products Liability 35 Section 3.22 No Undisclosed Liabilities 35 Section 3.23 Accounts Receivable and Inventory 36 Section 3.24 Customers and Suppliers 36 Section 3.25 Seller Expenses 36 Section 3.26 Funded Indebtedness 36 Section 3.27 Absence of Certain Practices 37 Section 3.28 NO ADDITIONAL REPRESENTATIONS 37 ARTICLE IV — REPRESENTATIONS AND ▇▇▇▇▇▇▇ 18 WARRANTIES OF PARENT AND NEWCO 37 Section 4.1 Organization 37 Section 4.2 Authorization 37 Section 4.3 Non–contravention 38 Section 4.4 No Consents 38 Section 4.5 Litigation 38 Section 4.6 Brokers 38 Section 4.7 Parent and Newco Board 39 Section 4.8 Shareholder Approval 39 Section 4.9 Financial Ability 39 Section 4.10 Acknowledgement by Parent and Newco 39 ARTICLE V —COVENANTS AND AGREEMENTS 39 Section 5.1 Existence Access and Power 18 Information 39 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business by the Company 39 Section 5.3 Closing Documents 42 Section 5.4 Commercially Reasonable Efforts; Further Assurances 42 Section 5.5 Public Announcements 43 Section 5.6 Exclusive Dealing 43 Section 5.7 Employee Benefit Plans 44 Section 5.8 Indemnification of Directors and Officers 44 Section 5.9 Newco 45 Section 5.10 Release 45 Section 5.11 Voting Agreement 45 Section 5.12 Confidentiality 46 Section 5.13 Cooperation 46 Section 5.14 Tax Matters 46 Section 5.15 Dissenting Shares 46 Section 5.16 Shareholder Representative 46 ARTICLE VI —CONDITIONS TO CLOSING 47 Section 6.1 Mutual Conditions 47 Section 6.2 Conditions to the Obligations of Parent and Newco 47 Section 6.3 Conditions to the Obligations of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 49 ARTICLE VII —TERMINATION AMENDMENT AND WAIVER 50 Section 7.1 Conditions to Each Party’s Obligation 33 Termination 50 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 51 ARTICLE VIII —SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION 51 Section 8.1 Survival of Representations 51 Section 8.2 General Indemnification 51 Section 8.3 Amendment 35 Third Party Claims 52 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Limitations on Indemnification Obligations 53 Section 8.5 Exclusive Remedy 54 Section 8.6 Treatment of Indemnity Payments 54 ARTICLE IX —REPRESENTATIVE OF THE HOLDERS OF COMPANY EQUITY SECURITIES 54 Section 9.1 Nonsurvival Authorization of Representations, Warranties Representative 54 ARTICLE X —MISCELLANEOUS 57 Section 10.1 Notices 57 Section 10.2 Exhibits and Agreements 36 Schedules 58 Section 9.2 Entire Agreement10.3 Time of the Essence; Assignment 36 Computation of Time 58 Section 9.3 Severability 37 10.4 Expenses 59 Section 9.4 Notices 37 Section 9.5 10.5 Governing Law 38 59 Section 9.6 Submission to Jurisdiction 38 (Continued) 10.6 Assignment; Successors and Assigns; No Third Party Rights 59 Section 9.7 Descriptive 10.7 Counterparts 59 Section 10.8 Titles and Headings 39 59 Section 9.8 Parties in Interest 39 10.9 Entire Agreement 59 Section 9.9 Counterparts 39 10.10 Severability 59 Section 9.10 Expenses 39 10.11 No Strict Construction 60 Section 9.11 Purchaser Termination Fee 40 Section 9.12 10.12 Specific Performance 41 60 Section 9.13 Affiliates 42 10.13 Waiver of Jury Trial 60 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms 10.14 Failure or Indulgence not Waiver 60 Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 10.15 Amendments 60 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).10.16 Jurisdiction 60
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Russell Corp)
TABLE OF CONTENTS. (Continued) Section 4.4 1.2.1. This Agreement consists of the following articles and exhibits:
I. PARTIES 1
1.1. Address 1 1.2. Table of Contents 2 1.3 Parts Incorporated 4 1.4. Controlling Parts 4 1.5. Signatures 5 3.1. Scope of Services 9 3.2. Coordinate Performance 11 3.3. Reports 11 3.4. Payment of Subcontractors 11 3.5. Schedule of Performance 11 3.11. Professional Standards 16 3.12. Warranties 16 3.13. Use and Ownership of Data and Work Products 16 3.14 Confidentiality 17 3.15. Licenses and Permits 19 3.16. Compliance with Laws 19 3.17. Compliance with Equal Opportunity Ordinance 19 3.18. Conflicts of Interest 19 3.19. Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Discrimination 19 3.20. Drug Abuse Detection and Deterrence 20 3.21. Contractor’s Performance 21 3.22. Pay or Play 21 3.23. Acceptance and Rejection 21 3.24. MWBE Compliance 2211 4.1. Payment Terms 23 4.2. Compensation for Contractor’s Services 24 4.3. Reimbursable Expenses 24 4.4. Compensation for Reimbursable Expenses 24 4.5. Taxes 24 4.6. Method of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Payment 25 4.7. Limit of Appropriations 25 4.8. Access to Data 26 4.9. No Quantity Garunteed 26 5.1. Term 27 5.2. Renewals 27 5.3. Termination for Convenience by the City 27 5.4. Termination for Cause by the City 28 6.1. Independent Contractor 29 6.2. Force Majeure 29 6.3. Severability 30 6.4. Entire Agreement 30 6.5. Written Amendment 30 6.6. Governing Law and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Venue 30 6.7. Notices 30 6.8. Captions 31 6.9. Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct Waiver 31 6.10. Inspections and Audits 31 6.11. Enforcement 32 6.12. Ambiguities 32 6.13. Survival 32 6.14. Publicity 33 6.15. Risk of Loss 33 6.16. Parties In Interest 33 6.17. Successors and Assigns 33 6.18. Business Structure and Assignments 33 6.19. Dispute Resolution 34 6.20. Remedies Cumulative 34 6.21. Contractor Debt 34 6.22. Federal Requirements 35 6.23. Anti-Boycott of the Company 21 Section 6.2 Consents Israel 35 6.24. Zero Tolerance Policy for Human Trafficking and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect Related Activities 35 6.25. Flow-Through Provisions 35 A Scope of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival Services B Total Hourly Salary Rate C Title VI: Non-Discrimination D Drug Policy Compliance Agreement E Contractor's Certification of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10Safety Impact Positions F Drug Policy Compliance Declaration H Flow-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Through Provisions
Appears in 1 contract
Sources: On Call Planning Services Agreement
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial StatementsArticle I Certain Definitions 1 Article II Formation; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Name; Place of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with LawsBusiness; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Term 9 2.01. Formation of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit APartnership: Certificate of Incorporation Limited Partnership 9 2.02. Name of Surviving Corporation SchedulesPartnership 10 2.03. Place of Business 10 2.04. Registered Office and Registered Agent 10 2.05. Term 10 Article III Purposes; Nature of Business 11 3.01. Purposes and Business 11 Article IV Capital 11 4.01. Capital Contributions of General Partner 11 4.02. Capital Contribution of Organizational Limited Partner 11 4.03. Initial Capital Contributions 11 4.04. Non-Assessability of Units 11 4.05. Additional Issuance of Units: Company Disclosure Schedule Terms Additional Issuance of Securities 12 4.06. Splits and Combinations 13 4.07. No Preemptive Rights 14 4.08. Capital Accounts 14 4.09. Negative Capital Accounts 16 4.10. No Interest on Amounts in Capital Accounts 16 4.11. Loans by the General Partner and Record Holders 16 4.12. Liability of Record Holders 16 4.13. Nevada Gaming Law Dispositions 16 Article V Allocations of Income and Loss; Distributions 17 5.01. Capital Account Allocations 17 5.02. Tax Allocations 19 5.03. Distributions of Cash Flow and Capital Proceeds 21 5.04. Distributions and Allocations of Income and Loss With Respect to Interests Transferred 22 Article VI Management 22 6.01. Management and Control of Partnership 22 6.02. Powers of General Partner 23 6.03. Purchase or Sale of Units 23 6.04. Compensation Plans 23 6.05. Distributions 24 6.06. Election to the Governed by Successor Limited Partnership Law 24 6.07. Operating Partnership 24 6.08. Restrictions on Authority of General Partner 24 6.09. Reliance by Third Parties 25 6.10. Title to Partnership Assets 25 6.11. Other Business Activities of Partners 25 6.12. Transactions with General Partner or Affiliates 26 6.13. Audit Committee; Resolution of Conflicts of Interest 26 6.14. Liability of General Partner to Partnership and Limited Partners 27 6.15. Indemnification of General Partner and Affiliates 27 6.16. No Management by Record Holders 29 6.17. National Securities Exchange Listing 29 6.18. Other Matters Concerning General Partner 29 Article VII Reimbursement of Expenses 31 7.01. Reimbursement of Expenses of General Partner 31 7.02. Remuneration of General Partner and Affiliates 31 Article VIII Bank Accounts; Books and Records; Fiscal Year; Reports; Tax Matters 31 8.01. Bank Accounts 31 8.02. Books and Records 31 8.03. Fiscal Year 32 8.04. Reports 32 8.05. Accounting Decisions 33 8.06. Where Maintained 33 8.07. Preparation of Tax Returns 33 8.08. Tax Elections 33 8.09. Tax Controversies 34 8.10. Taxation as a Partnership 34 8.11. Determination of Adjusted Basis in Connection with Section 754 Election 34 8.12. FIRPTA and State Income Tax Withholding 35 8.13. Loss of Partnership Status 35 8.14. Opinions Regarding Taxation 35 Article IX Issuance and Deposit of Certificates of Partnership Interest 35 9.01. Issuance of Certificates and the Book-Entry System 35 9.02. Lost, Stolen, Destroyed or Mutilated Certificates or Depositary Receipts 36 9.03. Record Holder 37 Article X Transfer of Interests and Units 37 10.01. Transfer 37 10.02. Transfers of Interest of General Partner 37 10.03. Transfer of Units 38 10.04. Transfer of Depositary Units 38 Article XI Admission of Partners 39 11.01. Admission of Limited Partners 39 11.02. Admission of Successor General Partner 40 11.03. Admission of Additional Limited Partners 41 Article XII Withdrawal or Removal of General Partner 41 12.01. Withdrawal of General Partner 41 12.02. Removal of General Partner 42 12.03. Amendment of Agreement Preamble Business Day 1.2 and Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Limited Partnership 42 12.04. Interests of Departing General Partner and Successor 42 Article XIII Dissolution and Liquidation 44 13.01. No Dissolution 44 13.02. Events Causing Dissolution 44 13.03. Right to Continue Business of Partnership 45 13.04. Dissolution 45 13.05. Liquidation 46 13.06. Reasonable Time for Winding Up 47 13.07. Termination of Partnership 47 Article XIV Amendments; Meetings; Voting; Record Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) 47 14.01. Amendments to be Adopted Solely by General Partner 47 14.02. Amendment Procedures 48 14.03. Amendment Restrictions 49 14.04. Meetings 49 14.05. Notice of Board Meeting 49 14.06. Record Date 50 14.07. Adjournment 50 14.08. Waiver of Notice; Consent to Meeting; Approval of Minutes 50 14.09. Quorum 50 14.10. Conduct of Meeting 51 14.11. Voting Rights 51 14.12. Voting Rights Conditional 52 14.13. Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Without a Meeting 52 Article XV Power of Attorney 53 Article XVI Miscellaneous Provisions 54 16.01. Additional Actions and Documents 54 16.02. Notices 54 16.03. Severability 55 16.04. Survival 55 16.05. Waivers 55 16.06. Exercise of Rights 56 16.07. Binding Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities 56 16.08. Limitation on Benefits of this Agreement 56 16.09. Force Majeure 56 16.10. Consent of Record Holders 56 16.11. Entire Agreement 56 16.12. Pronouns 57 16.13. Headings 57 16.14. Governing Law 57 16.15. Execution in Counterparts 57 16.16. New Jersey Casino Control Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) 57 LIST OF EXHIBITS EXHIBIT A TO THIRD AMENDED AND RESTATED AGREEMENT AND PLAN OF MERGER dated LIMITED PARTNERSHIP OF ICAHN ENTERPRISES L.P. 59 This Third Amended and Restated Agreement of Limited Partnership (as of August 11amended and restated to date, 2013 (this “Agreement”) is entered into as of February 24, 2025, by and among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Icahn Enterprises G.P. Inc., a Delaware corporation corporation, as general partner (the “CompanyGeneral Partner”) and all other persons and entities who shall in the future become limited partners of this limited partnership in accordance with the provisions hereof (the “Limited Partners”). (The General Partner and the Limited Partners are sometimes hereinafter referred to individually as a “Partner” and collectively as the “Partners”.)
Appears in 1 contract
Sources: Limited Partnership Agreement (Icahn Enterprises L.P.)
TABLE OF CONTENTS. (Continued) Section 4.4 ARTICLE 1 INTERPRETATION 2 1.1 Definitions 2 1.2 Purpose, Powers and Principal Place of Business 6 1.3 Number, Gender 7 1.4 Headings 7 1.5 Severability 7 1.6 Entire Agreement 7 1.7 Amendments 7 1.8 Date for any Action 8 1.9 Rights and Remedies 8 1.10 Governing Law 8 1.11 Exhibits and Schedules 8 1.12 Preamble 9 1.13 Enurement 9 ARTICLE 2 CAPITAL STRUCTURE; ALLOCATIONS AND DISTRIBUTIONS 9 2.1 Units 9 2.2 Unit Certificates 9 2.3 Capital Accounts 10 ARTICLE 3 GOVERNANCE AND OTHER MATTERS 10 3.1 Board of Managers 10 3.2 Vote 11 3.3 Quorum 12 3.4 Fundamental Changes 12 3.5 Meetings of Board of Managers 14 3.6 Financial Statements 15 3.7 Fiscal Year 15 3.8 Qualification in Other Jurisdictions 15 3.9 Officers 15 3.10 Name, Logos and Communications 16 ARTICLE 4 MANAGEMENT OF THE COMPANY 16 4.1 Management Committee 16 4.2 Resources 18 ARTICLE 5 BOARD OF MANAGERS OR MEMBERS DEADLOCK 18 5.1 Consultation with Senior Officers 18 5.2 Deadlock Offer 18 5.3 Conditions of Deadlock Offer prior to June 30, 2012 18 5.4 Deadlock Sale 19 ARTICLE 6 INFORMATION RIGHTS 20 6.1 Financial Statements 20 6.2 Access to Drafts 21 6.3 Reporting Requirements of the Members 21 6.4 Material Events 21 ARTICLE 7 PRE-EMPTIVE RIGHTS AND FUNDINGS 21 7.1 Pre-Emptive Rights 21 7.2 Funding Obligations 22 ARTICLE 8 FAIR MARKET VALUE 24 8.1 Fair Market Value 24 8.2 Exception 24 ARTICLE 9 RESTRICTIONS ON TRANSFER 24 9.1 No Transfer 24 9.2 Right of First Refusal 24 ARTICLE 10 TAG ALONG AND DRAG ALONG 28 10.1 Tag Along 28 10.2 Drag Along 28 ARTICLE 11 CALL RIGHT 29 11.1 Call Right 29 ARTICLE 12 CLOSING 30 12.1 Procedure and Closing for Sale of Purchased Securities 30 ARTICLE 13 PERMITTED TRANSFERS 32 13.1 Permitted Transfers 32 ARTICLE 14 NON-COMPETITION AND NON-SOLICITATION 32 14.1 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial StatementsCompetition 32 14.2 Non-Solicitation 32 ARTICLE 15 ARBITRATION 33 15.1 Notice; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Negotiation 33 15.2 Arbitration 33 15.3 Costs of the DGCL 17 REPRESENTATIONS Arbitration 33 ARTICLE 16 GENERAL PROVISIONS 34 16.1 Members Agreement 34 16.2 Termination of Agreement 34 16.3 Notices 34 16.4 Counterparts 35 16.5 New Member 35 16.6 Company Bound 35 16.7 Expenses 35 16.8 Indemnification 35 THIS AMENDED AND WARRANTIES RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct LABOPHARM, LLC made this 20th day of Business May 2010. AMONG: LABOPHARM PHARMACEUTICALS, LLC, a limited liability company incorporated pursuant to the laws of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation Delaware with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to its principal office at ▇▇▇ ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇ ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇ ▇▇▇▇▇▇▇▇▇, an individual (“▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation ; (hereinafter the “Company”).;
Appears in 1 contract
Sources: Limited Liability Company Agreement (Labopharm Inc)
TABLE OF CONTENTS. (ContinuedDEFINITIONS 1 ARTICLE 2. COMMON STOCK SUBJECT TO PLAN 3 2.1 Common Stock Subject to Plan 3 2.2 Add-back of Grants 3 ARTICLE 3. ELIGIBILITY; GRANTS; AWARD AGREEMENTS 4 3.1 Eligibility 4 3.2 Awards 4 3.3 Provisions Applicable to Section 162(m) Section 4 3.4 Award Agreement 4 ARTICLE 4. OPTIONS 5 4.1 Award Agreement for Option Grant 5 4.2 Option Price 5 4.3 Qualification for Incentive Stock Options 5 4.4 NonChange in Incentive Stock Option Grant 5 4.5 Option Term 5 4.6 Option Exercisability and Vesting 6 ARTICLE 5. EXERCISE OF OPTIONS 6 5.1 Exercise 6 5.2 Manner of Exercise 6 5.3 Conditions to Issuance of Common Stock 7 5.4 Rights as Stockholders 7 5.5 Ownership and Transfer Restrictions 7 5.6 Limitations on Exercise of Options 7 ARTICLE 6. STOCK AWARDS 8 6.1 Award Agreement 8 6.2 Awards of Restricted Common Stock, Restricted Stock Units and Deferred Stock Units 8 6.3 Rights as Stockholders 8 6.4 Restriction 9 6.5 Lapse of Restrictions 9 6.6 Repurchase of Restricted Common Stock 9 6.7 Escrow 9 6.8 Legend 9 6.9 Conversion 9 ARTICLE 7. STOCK APPRECIATION RIGHTS 9 7.1 Award Agreement for SARs 9 7.2 General Requirements 10 7.3 Base Amount 10 7.4 Tandem SARs 10 7.5 SAR Exercisability 10 7.6 Value of SARs 10 7.7 Form of Payment 10 ARTICLE 8. PERFORMANCE UNITS 10 8.1 Award Agreement for Performance Units 10 8.2 General Requirements 10 8.3 Performance Period and Performance Goals 11 8.4 Payment With Respect to Performance Units 11 ARTICLE 9. DIVIDEND EQUIVALENTS 11 9.1 Grant of Dividend Equivalents 11 ARTICLE 10. OTHER STOCK-Contravention BASED AWARDS 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence 10.1 Grant of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Other Stock-Based Awards 11 ARTICLE 11. ADMINISTRATION 11 11.1 Committee 11 11.2 Duties and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Powers of Committee Financial Advisor 17 Section 4.18 Section 203 of 12 11.3 Compensation; Professional Assistance; Good Faith Actions 12 11.4 Delegation by the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇Committee. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).12
Appears in 1 contract
Sources: Equity Incentive Plan (Atrion Corp)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; LicensesCorporate Status, Permits Financing and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Real Estate of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence Companies and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct subject matter of Business purchase 7 2. Sale of the Sold Shares 10 3. Closing 11 4. Purchase Price 14 5. Preliminary Purchase Price 16 6. Adjustment of the Purchase Price and Payment Terms 17 7. Warranties (Garantien) 20 8. Supplementary Provisions Regarding the Warranties 26 9. Legal Consequences in case of Incorrect Warranties 27 10. Taxes 28 11. Withdrawal from the Agreement 29 12. Acquisition Retainer, Ongoing Litigation and Defects 30 13. Merger Control 31 14. Transfer of the Enterprise and Continuation of the Business Name 31 15. Confidentiality and Providing Information to Third Parties 34 16. Notices 34 17. Restrictions on Transfer 35 18. Costs and Transfer Taxes 36 19. Final Provisions and Security 36 Acquisition Agreement Clause 12.1 Acquisition Retainer Clause 12.1 Adjustment Amount Clause 6.2 Agreement Preamble AktG Clause 7.10.3 Annual Accounts Clause 7.3.2 Audited Closing Date Accounts Clause 6.1(b) BGB Clause 6.1(e) BLB Clause 1.2.2(a) Bremerhaven Declaration Clause 14.5.4 Business Day Clause 3.3 Buyer 1 Deed Caption Buyer 2 Deed Caption Buyer Deed Caption Buyers Deed Caption Cash Clause 4.3 Closing Clause 3.3 Closing Conditions Clause 3.1 Closing Date Clause 3.3 Closing Date Accounts Clause 6.1(a) Company/Companies Deed Caption Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to 1 Deed Caption Company 1 Articles of Association Clause 7.1.1 Company 1 Loan Agreement UniCredit Clause 1.1.2(a) Company 1 Loan Agreements Clause 1.1.2(c) Company 1 Promissory Note Clause 1.1.2(c) Company 1 Repayment Amount Clause 1.1.2(d) Company 1 Shares Clause 1.1.1(b) Company 2 Deed Caption Company 2 Articles of Association Clause 7.1.2 Company 2 Loan Agreement BLB Clause 1.2.2(a) Company 2 Loan Agreements Clause 1.2.2(c) Company 2 Promissory Note Clause 1.2.2(c) Company 2 Repayment Amount Clause 1.2.2(d) Company 2 Shares Clause 1.2.1(b) Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect Auditor Clause 6.1(b) Date of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (ContinuedCondition Fulfilment Clause 3.1 Defects Bremerhaven Clause 14.5 Environmental Damage Clause 7.7.2 Expert Clause 6.1(e) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Final Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(aAccounts Clause 6.1(e) Common Stock Recitals Company Preamble Company 10-K 4.8(aFinal Special Statements Clause 6.1(e) Company Board Recitals Company Board Recommendation 4.2(bGlobal Income Clause 1.1.2(c) Company Intellectual Property 4.15(aGlobal Income Giessen Notice Clause 1.1.2(d) Company Global Income Worms Notice Clause 1.2.2(d) Group Enterprises Clause 7.10.3 Liabilities Clause 4.3 Loan Agreements Clause 1.2.2(c) Long Stop Date Clause 11.1 Luxembourg GAAP Clause 4.3 Managers Clause 3.4(a)(iv) Material Adverse Effect 4.1 Company Options 3.3(aChange Clause 11.2 Negative Adjustment Amount Clause 6.2(c) Company Performance Share Unit Awards 3.3(cParty/Parties Deed Caption Positive Adjustment Amount Clause 6.2(a) Company Required Governmental Consent Preliminary Purchase Price Clause 5 Prepayments Clause 4.3 Company Restricted Stock Awards 3.3(bProperties Clause 1.2.3(d) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”Properties 2 Clause 1.2.3(d), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).
Appears in 1 contract
Sources: Share Purchase Agreement (Global Income Trust, Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention ARTICLE I THE MERGER 1 1.1 Merger 1 1.2 The Closing 2 1.3 Effective Time of Merger 2 1.4 Additional Actions 2 1.5 Surviving Corporation 3 1.6 Reservation of Right to Revise Structure 3 ARTICLE II EFFECT OF MERGER ON CAPITAL STOCK 3 2.1 Conversion of Shares 3 2.2 Adjustments to Merger Consideration 7 2.3 Surrender of Shares 7 2.4 Distributions with Respect to Unexchanged Shares 8 2.5 Termination of Exchange Fund 9 2.6 No Further Ownership Rights in Company Common Stock 9 2.7 No Fractional Shares 9 2.8 No Liability 10 2.9 Lost, Stolen or Destroyed Certificates 10 2.10 Withholding Rights 10 2.11 Investment of Exchange Fund 10 2.12 Adjustments 10 2.13 Upset Provision 11 Section 4.5 Capitalization 2.14 Dissenting Shares 12 Section 4.6 ARTICLE III COMPANY'S REPRESENTATIONS AND WARRANTIES 12 3.1 Authorization, No Conflicts, Etc 13 3.2 Organization and Good Standing 14 3.3 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 14 3.4 Capital Stock 15 3.5 Financial Statements; Statements 15 3.6 Absence of Undisclosed Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 16 3.7 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations or Events 16 Section 4.14 Contracts 3.8 Legal Proceedings 16 Section 4.15 Intellectual Property 3.9 Regulatory Filings 16 3.10 No Indemnification Claims 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 3.11 Conduct of Business 17 3.12 Agreements With Bank Regulators 17 3.13 Tax Matters 18 3.14 Properties 19 3.15 Intellectual Property 20 3.16 Required Licenses, Permits, Etc 21 3.17 Material Contracts and Change of the Company Control 21 Section 6.2 Consents 3.18 Labor and Filings 22 Section 6.3 Indemnification; Insurance Employment Matters 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 3.19 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).25
Appears in 1 contract
Sources: Merger Agreement (Choiceone Financial Services Inc)
TABLE OF CONTENTS. (Continued) Section I. DEFINITIONS 1 1.1 Accounting Terms 1 1.2 General Terms 1 1.3 Uniform Commercial Code Terms 23 1.4 Certain Matters of Construction 23 II. ADVANCES, PAYMENTS 23 2.1 Revolving Advances 23 2.2 Procedure for Borrowing Advances 24 2.3 Disbursement of Advance Proceeds 26 2.4 Maximum Advances 27 2.5 Repayment of Advances 27 2.6 Repayment of Excess Advances 27 2.7 Statement of Account 28 2.8 Letters of Credit 28 2.9 Issuance of Letters of Credit 28 2.10 Requirements For Issuance of Letters of Credit 29 2.11 Additional Payments 31 2.12 Manner of Borrowing and Payment 31 2.13 Reserved 32 2.14 Use of Proceeds 32 2.15 Defaulting Lender 33 2.16 Swing Loans 34 III. INTEREST AND FEES 35 3.1 Interest 35 3.2 Letter of Credit Fees 36 3.3 Unused Facility Fee 37 3.4 Reserved 37 3.5 Computation of Interest and Fees 37 3.6 Maximum Charges 38 3.7 Increased Costs 38 3.8 Basis For Determining Interest Rate Inadequate or Unfair 39 3.9 Capital Adequacy 39 3.10 Gross Up for Taxes 40 IV. COLLATERAL: GENERAL TERMS 41 4.1 Security Interest in the Collateral 41 4.2 Perfection of Security Interest 41 4.3 Disposition of Collateral 41 4.4 Non-Contravention 11 Section Preservation of Collateral 42 4.5 Capitalization 12 Section Ownership of Collateral 42 4.6 Subsidiaries 12 Section Defense of Agent’s and Lenders’ Interests 42 4.7 Past SEC Documents 13 Section Books and Records 43 4.8 Financial Statements; Liabilities 14 Section Disclosure 43 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section Laws 44 4.10 Inspection of Premises 44 4.11 Insurance 44 4.12 Failure to Pay Insurance 46 4.13 Payment of Taxes 46 4.14 Contracts 16 Section Payment of Leasehold Obligations 47 4.15 Intellectual Property 17 Section Receivables 47 4.16 Required Vote 17 Section Maintenance of Equipment 50 4.17 Finders’ Fees; Opinion Exculpation of Committee Financial Advisor 17 Section Liability 50 4.18 Section 203 of the DGCL 17 Environmental Matters 50 4.19 Financing Statements 52 V. REPRESENTATIONS AND WARRANTIES OF PARENT52 5.1 Authority 52 5.2 Formation and Qualification 53 5.3 Survival of Representations and Warranties 53 5.4 Tax Returns 53 5.5 Financial Statements 53 5.6 Corporate Name 54 5.7 O.S.H.A. and Environmental Compliance 54 5.8 Solvency; No Litigation, PURCHASER AND Violation, Indebtedness or Default 55 5.9 Patents, Trademarks, Copyrights and Licenses 56 5.10 Licenses and Permits 56 5.11 Default of Indebtedness 57 5.12 No Default 57 5.13 No Burdensome Restrictions 57 5.14 No Labor Disputes 57 5.15 Margin Regulations 57 5.16 Investment Company Act 57 5.17 Disclosure 57 5.18 Delivery of ▇▇▇▇▇▇▇▇▇▇ 18 Loan Documents and Senior Notes Documentation 58 5.19 Hedging Contracts 58 5.20 Conflicting Agreements 58 5.21 Application of Certain Laws and Regulations 58 5.22 Business and Property of the Loan Parties 58 5.23 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 20 Subsidiaries 58 5.24 Anti-Terrorism Laws 59 5.25 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Operating Subsidiaries 59 VI. AFFIRMATIVE COVENANTS 60 6.1 Payment of Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 60 6.2 Conduct of Business and Maintenance of the Company 21 Section 6.2 Consents Existence and Filings 22 Section Assets 60 6.3 Indemnification; Insurance 23 Section Violations 60 6.4 Government Receivables 60 6.5 Fixed Charge Coverage Ratio 60 6.6 Execution of Supplemental Instruments 61 6.7 Payment of Indebtedness 61 6.8 Standards of Financial Statements 61 6.9 Anti-Terrorism Laws 61 VII. NEGATIVE COVENANTS 62 7.1 Merger, Consolidation, Acquisition and Sale of Assets 62 7.2 Creation of Liens 63 7.3 Guarantees 63 7.4 Investments 64 7.5 Loans 64 7.6 Capital Expenditures 65 7.7 Dividends 65 7.8 Indebtedness 66 7.9 Nature of Business 67 7.10 Transactions with Affiliates 67 7.11 Leases 67 7.12 Subsidiaries 67 7.13 Fiscal Year and Accounting Changes 68 7.14 Pledge of Credit 68 7.15 Amendment of Articles of Incorporation, By-Laws, Certificate of Limited Partnership, Limited Partnership Agreement, Articles of Organization, Operating Agreement, Etc. 68 7.16 Compliance with ERISA 68 7.17 Prepayment of Indebtedness 69 7.18 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 Agreements 69 7.19 Inactive Subsidiaries 69 VIII. CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 PRECEDENT 69 8.1 Conditions to Initial Advances 69 8.2 Conditions to Each Party’s Obligation 33 Section 7.2 Condition Advance 73 IX. INFORMATION AS TO THE LOAN PARTIES 73 9.1 Disclosure of Material Matters 73 9.2 Schedules 73 9.3 Litigation 74 9.4 Material Occurrences 74 9.5 Government Receivables 75 9.6 Annual Financial Statements 75 9.7 Quarterly Financial Statements 75 9.8 Monthly Financial Statements 76 9.9 Other Reports 76 9.10 Additional Information 76 9.11 Projected Operating Budget 76 9.12 Notice of Suits, Adverse Events 77 9.13 ERISA Notices and Requests 77 9.14 Additional Documents 78 X. EVENTS OF DEFAULT 78 10.1 Payment of Obligations 78 10.2 Misrepresentations 78 10.3 Failure to Furnish Information 78 10.4 Liens Against Assets 78 10.5 Breach of Covenants 78 10.6 Judgment 79 10.7 Insolvency and Related Proceedings of the Loan Parties 79 10.8 Insolvency; Cessation of Operations 79 10.9 Bankruptcy 79 10.10 Material Adverse Effect 79 10.11 Loss of Priority Lien 79 10.12 Breach of ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice Loan Documents or Senior Notes Documentation 80 10.13 Breach of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Agreements 80 10.14 Cross Default; Cross Acceleration 80 10.15 Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT of Guaranty 80 10.16 Change of Control 80 10.17 Invalidity of Credit Agreement 80 10.18 Loss of Material Intellectual Property 80 10.19 Destruction of Collateral 81 10.20 Business Interruption 81 10.21 ERISA Events 81 XI. LENDERS’ RIGHTS AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), REMEDIES AFTER DEFAULT 81 11.1 Rights and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Remedies 81 11.2 Agent’s Discretion 82 11.3 Setoff 82
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Radnor Holdings Corp)
TABLE OF CONTENTS. (Continued) Rights Offering and Backstop Purchases 2 1.1 Full Participation in Rights Offering 2 1.2 Investor Backstop Purchase 2 1.3 The Rights Offering 3 Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits 2. Representations and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Warranties of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇Company 4 2.1 Organization 4 2.2 Due Authorization 4 2.3 Due Execution; Enforceability 4 2.4 Due Issuance and Authorization of Capital Stock 5 2.5 Capitalization 5 2.6 Consents 6 2.7 No Conflicts 6 2.8 H▇▇▇ 18 Investment Agreement 6 Section 5.1 Existence 3. Representations and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business Warranties of the Company 21 Investor 6 3.1 Due Authorization 6 3.2 Due Execution; Enforceability 6 3.3 No Registration Under the Securities Act 7 3.4 Acquisition for Investment 7 3.5 Accredited Investor, Etc 7 Section 6.2 Consents and Filings 22 4. Additional Covenants 7 4.1 Listing 7 4.2 Restrictions on Transfer 7 4.3 Legends 7 4.4 Further Assurances 8 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 5. Conditions to Each PartyClosing 8 5.1 Conditions to the Investor’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, PurchaserPurchase the Investor Rights Shares 8 5.2 Conditions to the Investor’s and Parent’s Obligation 33 Section 7.3 Condition Obligations to Purchase the Investor Backstop Shares 9 5.3 Conditions to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Obligations 10 Section 8.1 6. Termination 34 Section 8.2 11 6.1 Termination 11 6.2 Effect of Termination 35 12 Section 8.3 Amendment 35 7. Indemnification; Survival of Representations and Warranties 12 7.1 Indemnification 12 7.2 Survival of Representations and Warranties 12 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇8. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Definitions 13
Appears in 1 contract
Sources: Investment Agreement (FX Real Estate & Entertainment Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC DEFINITIONS AND CONSTRUCTION 1 1.1. Definitions 1 1.2. Accounting Terms 1 2. LOAN AND TERMS OF PAYMENT 1 2.1. Loan 1 2.2. Repayment of Loans 2 2.3. Prepayments 2 2.4. Interest 3 2.5. Lender Expenses 4 2.6. Payments Generally 4 2.7. All Payments Pro Rata 4 3. CONDITIONS TO LOAN. 4 3.1. Receipt of Loan Documents 13 Section 4.8 4 3.2. Further Conditions 5 3.3. Receipt of Documents in Connection with This Agreement 5 4. CREATION OF SECURITY INTEREST AND GUARANTEES. 6 4.1. Grant of Security Interest 6 4.2. Pledge of Collateral 6 4.3. Perfection of Security Interest 7 4.4. Subordination Agreement 7 4.5. Guaranties and Subsidiary Pledges 8 4.6. Deposit Account Control Agreement 8 5. REPRESENTATIONS AND WARRANTIES. 9 5.1. Due Organization and Qualification 9 5.2. Due Authorization; No Conflict 9 5.3. Collateral 9 5.4. Intellectual Property Collateral 9 5.5. Name; Location of Chief Executive Office 10 5.6. Litigation 10 5.7. No Material Adverse Change in Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence 10 5.8. Solvency, Payment of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Debts 10 5.9. Compliance with LawsLaws and Regulations 10 5.10. Subsidiaries; Equity Interests 10 5.11. Government Consents 11 5.12. Inbound Licenses 11 5.13. Shares 11 5.14. Full Disclosure 11 5.15. ERISA Compliance 11 5.16. Intellectual Property; Licenses, Permits Etc 12 5.17. Trust and Registrations Deposit Accounts 12 5.18. Real Property 12 5.19. Offices 12 6. AFFIRMATIVE COVENANTS. 13 6.1. Good Standing and Government Compliance 13 6.2. Financial Statements, Reports, Certificates 13 6.3. Inventory and Equipment; Returns 15 6.4. Taxes 15 6.5. Insurance 15 6.6. Financial Covenants 15 6.7. Springing Covenants 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 6.8. Registration of IP Rights 17 Section 4.16 Required Vote 6.9. Consent of Inbound Licensors 17 Section 4.17 Finders’ Fees6.10. Capital, Licensing and Compliance Requirements; Opinion Financial Covenants 18 6.11. Shares 18 6.12. Further Assurances 18 6.13. Certain Post-Closing Items 18 7. NEGATIVE COVENANTS. 18 7.1. Dispositions 18 7.2. Change in Name, Location, Executive Office, or Executive Management; Change in Business; Change in Fiscal Year; Change in Control 18 7.3. Mergers or Acquisitions 19 7.4. Indebtedness 19 7.5. Encumbrances 19 7.6. Distributions 19 7.7. Investments 19 7.8. Transactions with Affiliates 20 7.9. Subordinated Debt 20 7.10. Inventory and Equipment 20 7.11. No Investment Company; Margin Regulation 20 7.12. Insurance Subsidiary Capital Withdrawals 20 7.13. Canadian Subsidiaries 20 7.14. NPIC of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES Arizona 20 8. EVENTS OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency DEFAULT. 21 (Continued) COVENANTS 8.1. Payment Default 21 Section 6.1 Conduct of Business of the Company 8.2. Covenant Default 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company 8.3. Senior Default Debt 21 8.4. Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Change 21 8.5. Attachment 21 8.6. Insolvency 22 8.7. Other Agreements 22 8.8. Judgments 22 8.9. Misrepresentations 22 8.10. Guaranty 22 9. LENDER’S RIGHTS AND REMEDIES. 22 9.1. Rights and Remedies 22 9.2. Power of Attorney 24 9.3. Accounts Collection 24 9.4. Agent Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇25 9.5. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Agent’s Liability for Collateral 25 9.6. No Obligation to Pursue Others 25 9.7. Remedies Cumulative 25 9.8. Demand; Protest 25 10. NOTICES. 26
Appears in 1 contract
Sources: Credit Agreement (Trupanion Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention PARAGRAPH PAGE Table of Contents 2 Referenced Contract Provisions 4 I. Acronyms 5 II. Alteration of Terms 8 III. Assignment of Debts 8 IV. Intentionally Omitted 9 V. Confidentiality 11 Section 4.5 Capitalization VI. Conflict of Interest 11 VII. Corrective Action Plan 11 VIII. Cost Report 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities IX. Debarment and Suspension Certification 14 Section 4.9 Disclosure Statements X. Delegation, Assignment and Subcontracts 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 XI. Dispute Resolution 16 XII. Employee Eligibility Verification 17 XIII. Equipment 17 XIV. Facilities, Payments and Services 18 XV. Indemnification and Insurance 19 XVI. Inspections and Audits 23 XVII. Compliance with Laws; Licenses, Permits Funding Requirements and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Licenses 24 XVIII. Literature, Advertisements and Social Media 26 XIX. Maximum Obligation 26 XX. Minimum Wage Laws 26 XXI. Nondiscrimination 27 XXII. Notices 29 XXIII. Notification of Committee Financial Advisor 17 Section 4.18 Section 203 Death 30 XXIV. Notification of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence Public Events and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 PurchaserMeetings 30 XXV. Participant’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct Rights 31 XXVI. Payment Card Compliance 31 XXVII. Records Management and Maintenance 31 XXVIII. Research and Publication 33 XXIX. Intentionally Omitted 33 XXX. Severability 33 XXXI. Special Provisions 33 XXXII. Status of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation Contractor 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of XXXIII. Term 35 XXXIV. Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; XXXV. Third Party Beneficiary 37 XXXVI. Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties Default or Breach 37 XXXVII. Drug-Free Workplace 37 Signature Page 38 I. Common Terms and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 Definitions… 39 II. Budget… 42 III. Payments… 46 IV. Reports… 47 V. Services… 49 VI. Staffing… 66 Personal Information Privacy and Security Contract… 1-4 Standards of Care 1-24 Manager Operation Safety Plan (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10MOPS)… 1-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No59 Good Neighbor Policy… 1-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).2 Homeless Services System Pillars Attestation… 1-2 Maintenance Responsibility Table… 1-5
Appears in 1 contract
Sources: Contract Ma 017 22011902 for Bridges at Kraemer Place Year Round Emergency Shelter Services
TABLE OF CONTENTS. (Continuedcontinued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC 3.14 Effect of a Benchmark Transition Event 26 3.15 Taxes 27 4. CONDITIONS TO CLOSING. 29 4.1 Closing Deliveries 29 4.2 Truthfulness of Statements as of Closing 32 4.3 Conditions Precedent 32 5. DISBURSEMENTS. 32 5.1 Loan Disbursement 32 5.2 Intentionally Omitted 32 5.3 Intentionally Omitted 32 5.4 Expenses and Advances Secured by Security Instrument 32 5.5 Acquiescence not a Waiver 32 5.6 Huntington Swap Agreements 32 6. REPRESENTATIONS AND WARRANTIES 33 6.1 Formation, Qualification and Compliance. 33 6.2 Financial and Other Information 34 6.3 No Material Adverse Change 34 6.4 Tax Liability 34 6.5 Title to Property; Survey 34 6.6 Utility Services 35 6.7 Leases 35 6.8 Governmental Requirements 35 6.9 Rights of Others 36 6.10 Name and Principal Place of Business 36 6.11 Delivery of Documents 13 Section 4.8 36 6.12 ERISA 36 6.13 No Prohibited Persons. 36 6.14 Foreign Person 37 6.15 No Defenses 37 6.16 Defense of Usury 37 6.17 No Conflict/Violation of Law 38 6.18 Consents Obtained 38 6.19 No Litigation 38 6.20 Fraudulent Conveyance 38 6.21 Investment Company Act 38 6.22 Misstatements of Fact 39 6.23 Homestead 39 6.24 Personal Property 39 6.25 Single Asset Real Estate 39 6.26 Government Regulation 39 6.27 Certificate of Beneficial Ownership 39 6.28 Continuing Nature of Representations and Warranties 39 (continued) 7. MAINTENANCE, OPERATION, PRESERVATION AND REPAIR OF PROPERTY 39 7.1 Alterations and Repair 40 7.2 Compliance 40 7.3 Changes in Property Restrictions 40 8. OTHER AFFIRMATIVE COVENANTS 40 8.1 Existence and Control 40 8.2 Protection of Liens 40 8.3 Notice of Certain Matters 41 8.4 Further Assurances 41 8.5 Financial Statements; Liabilities 14 Section 4.9 Access to Business Information 41 8.6 Books and Records 42 8.7 Project Accounts 42 8.8 Keeping Guarantor Informed 42 8.9 Single Purpose Entity 42 8.10 Additional Banking Laws 44 8.11 Tax Shelter Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: 45 8.12 Taxes. 45 8.13 Intentionally Omitted 46 8.14 Updated Appraisals 46 8.15 Distributions 47 8.16 Intentionally Omitted 47 8.17 Certificate of Incorporation Beneficial Ownership 47 8.18 Guarantor Financial Covenants 47 8.19 Liens on Property 47 8.20 Liens on Personal Property 47 8.21 Removal of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Personal Property 47 8.22 Organizational Documents 48 8.23 Management Agreement Preamble Business Day 1.2 Certificate 48 8.24 Limitations on Additional Indebtedness; Other Prohibited Transactions 48 8.25 Leasing 48 8.26 Restrictions on Transfer 49 8.27 Post-Closing Actions 53 9. INSURANCE, CASUALTY AND CONDEMNATION. 53 9.1 Insurance Coverage 53 9.2 Casualty Loss; Proceeds of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance. 55 9.3 Condemnation and Eminent Domain. 57 9.4 Disbursement of Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇Proceeds and Awards. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).59
Appears in 1 contract
Sources: Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence THE OFFER 2 1.1 The Offer 2 1.2 Company Actions 4 SECTION 2 MERGER TRANSACTION 5 2.1 Merger of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Merger Sub into the Company 5 2.2 Effect of the DGCL 17 Merger 5 2.3 Closing; Effective Time 5 2.4 Articles of Incorporation and Bylaws; Directors and Officers 5 2.5 Conversion of Shares 6 2.6 Surrender of Certificates; Stock Transfer Books 6 2.7 Dissenters’ Rights 8 2.8 Treatment of Company Equity Awards 8 2.9 Shareholders’ Meeting 9 2.10 Further Action 10 SECTION 3 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND THE COMPANY 10 3.1 Due Organization; ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”)Etc 10 3.2 Articles of Incorporation and Bylaws 11 3.3 Capitalization, Etc 11 3.4 SEC Filings; Financial Statements 12 3.5 Absence of Changes; No Material Adverse Effect 14 3.6 Title to Assets 14 3.7 Real Property 15 3.8 Intellectual Property 15 3.9 Contracts 17 3.10 Liabilities 19 3.11 Compliance with Legal Requirements; Permits 19 3.12 Privacy and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Data Security 19 3.13 Certain Business Practices 20 3.14 Governmental Authorizations 21 3.15 Tax Matters 21 3.16 Employee Matters; Benefit Plans 22 3.17 Environmental Matters 25 3.18 Loans; Accounts Receivable; Customers; Inventories 25 3.19 Insurance 26 3.20 Legal Proceedings; Orders 26 3.21 Authority; Binding Nature of Agreement 26
Appears in 1 contract
Sources: Merger Agreement (Bsquare Corp /Wa)
TABLE OF CONTENTS. (Continued) Section DEFINITIONS 1 1.1 Definitions. 1 1.2 Construction/Interpretation. 16 1.3 Accounting Principles. 17 2. AGREEMENT TO BORROW AND LEND 18 2.1 Agreement to Borrow and Lend. 18 2.2 The Note. 18 2.3 Term. 18 2.4 Extension Options 18 3. LOAN INTEREST RATES, PAYMENTS AND FEES 18 3.1 Interest Rate Options. 18 3.2 Loan Requests/LIBOR Interest Periods. 19 3.3 Default Interest and Late Payment Charge. 20 3.4 LIBOR Unascertainable. 20 3.5 Selection of Interest Rate Options. 21 3.6 Payments. 21 3.7 [Intentionally Omitted]. 21 3.8 Interest Payment Dates. 21 3.9 Optional Prepayments. 21 3.10 Mandatory Principal Payments 22 3.11 Application Among Interest Rate Options. 23 3.12 Additional Compensation in Certain Circumstances. 23 3.13 Closing Fee. 24 4. AFFIRMATIVE COVENANTS 24 4.1 Preservation of Existence, Etc. 25 4.2 Payment of Liabilities, Including Impositions. 25 4.3 Compliance With Laws. 25 4.4 NonKeeping of Records and Books of Account. 25 4.5 Visitation Rights. 25 4.6 Affiliate Indebtedness. 26 4.7 Maintenance of Insurance. 26 4.8 Notice. 27 4.9 JNL Lease. 27 4.10 Performance of Obligations. 28 4.11 Payment of Costs. 28 4.12 Compliance With Agreements. 28 4.13 Interest Rate Hedge. 28 4.14 Title to Land and Improvements; Control. 28 4.15 Further Assurances. 28 4.16 Estoppel Certificate. 28 4.17 Personal Property. 29 4.18 Repairs. 29 4.19 Inspection. 30 4.20 Protection Against Lien Claims. 30 4.21 Conditions Precedent. 30 4.22 Parking REA. 30 4.23 Declaration. 30 4.24 Security Deposits. 31 4.25 Single Purpose Entity 31 4.26 Initial Equity Contribution. 31 4.27 Post-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Closing Items. 32 5. NEGATIVE COVENANTS 32 5.1 Changes in Organizational Documents. 32 5.2 Transfer of Land and Improvements. 32 5.3 Change in Ownership. 32 5.4 Liquidations, Mergers, Consolidations, Acquisitions. 33 5.5 Breach of Documents. 33 5.6 Judgments. 33 5.7 Leasing of Premises. 33 5.8 [Intentionally Omitted] 33 5.9 Conduct of Business. 33 5.10 Creation of Liens. 33 5.11 Value of Collateral. 34 5.12 Transfer of Personalty. 34 5.13 Disposition of Rents. 34 5.14 Indebtedness. 34 5.15 Dividends/Distributions. 34 5.16 Materials and Fixtures. 34 5.17 Pension Plans and Benefit Arrangements. 34 5.18 Debt Cancellation. 35 5.19 Certain Restrictions. 35 5.20 No Subsidiaries. 35 5.21 Place of Business. 35 5.22 Identity. 35 5.23 Anti-Terrorism Laws. 35 6. CONDITIONS TO LENDING 36 6.1 Conditions to Disbursement 36 7. REPORTING REQUIREMENTS 37 7.1 Appraisals, Environmental Reports and Title Reports. 37 7.2 Financial Statements; Liabilities 14 Section 4.9 Disclosure Reports. 37 7.3 Data Failure. 37 8. REPRESENTATIONS AND WARRANTIES 38 8.1 Due Formation, Capacity. 38 8.2 Power and Authority. 38 8.3 Validity and Binding Effect. 38 8.4 No Conflict. 38 8.5 Other Agreements. 39 8.6 No Potential Default or Event of Default. 39 8.7 No Litigation or Investigations. 39 8.8 Financial Statements 14 Section 4.10 Absence and Other Information. 39 8.9 Impositions. 39 8.10 Title Aspects. 39 8.11 Zoning and Governmental Approvals. 40 8.12 Utilities. 40 8.13 Security Interests. 40 8.14 Lien of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Deed of Trust. 40 8.15 Compliance with Laws. 41 8.16 Anti-Terrorism Laws. 41 8.17 Environmental Matters. 42 8.18 Insurance. 42 8.19 Solvency. 42 8.20 Leases. 42 8.21 Use of Proceeds; Licenses, Permits and Registrations 16 Margin Stock; Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees20 Subsidiaries. 43 8.22 Full Disclosure. 43 8.23 Impositions. 43 8.24 Investment Companies; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇Regulated Entities. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).43
Appears in 1 contract
Sources: Term Loan Agreement (Wells Core Office Income Reit Inc)
TABLE OF CONTENTS. (Continued) ARTICLE I Definitions 2 Section 4.4 Non1.01 Defined Terms 2 Section 1.02 Terms Generally 25 Section 1.03 Accounting Terms 25 Section 1.04 Rounding 26 Section 1.05 Timing of Payment or Performance 26 Section 1.06 Classification 26 Section 1.07 References to Laws 27 Section 1.08 Interest Rates; LIBOR Notification 27 ARTICLE II The Commitments and Borrowings 27 Section 2.01 The Loans 27 Section 2.02 Loans and Borrowings 28 Section 2.03 Requests for Borrowings and Notices 28 Section 2.04 [Reserved] 29 Section 2.05 Funding of Borrowings 29 Section 2.06 Reserved 29 Section 2.07 Repayment of Loans; Termination of Commitments 29 Section 2.08 Evidence of Debt 30 Section 2.09 Fees 31 Section 2.10 Interest 31 Section 2.11 Alternate Rate of Interest 32 Section 2.12 Extension Option 32 Section 2.13 [Reserved] 33 Section 2.14 Taxes 33 Section 2.15 Payments Generally; Pro Rata Treatment; Sharing of Set-Contravention 11 offs 36 Section 4.5 2.16 Mitigation Obligations; Replacement of Lenders 38 Section 2.17 Illegality 39 Section 2.18 Defaulting Lenders 39 ARTICLE III Representations and Warranties 40 Section 3.01 Organization; Powers 41 Section 3.02 Authorization 41 Section 3.03 Enforceability 41 Section 3.04 Governmental Approvals 42 Section 3.05 Financial Condition 42 Section 3.06 No Material Adverse Effect 42 Section 3.07 Properties 42 Section 3.08 Capitalization 12 and Subsidiaries 42 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements3.09 Litigation; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with LawsLaws 43 Section 3.10 Investment Company Act 43 Section 3.11 Use of Proceeds 43 Section 3.12 Federal Reserve Regulations 43 Section 3.13 Tax 43 Section 3.14 Disclosure 44 Section 3.15 Employee Benefit Plans 44 Section 3.16 Environmental Matters 45 Section 3.17 Security Documents 45 Section 3.18 Affiliate Transactions 45 Section 3.19 Labor Matters 45 Section 3.20 Insurance 46 Section 3.21 USA PATRIOT Act and OFAC 46 Section 3.22 EEA Financial Institution. No Loan Party is an EEA Financial Institution 46 Section 3.23 Plan Assets 46 Section 3.24 Accounts 46 Section 3.25 Approved Budget 47 Section 3.26 Material Agreements 47 Section 3.27 Chapter 11 Cases 47 ARTICLE IV Conditions of Lending 47 Section 4.01 Closing Date 47 Section 4.02 Conditions Precedent to Delayed Draw Term Loans 51 ARTICLE V Affirmative Covenants 52 Section 5.01 Existence; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business 52 Section 5.02 Insurance 52 Section 5.03 Taxes 53 Section 5.04 Financial Statements, Reports and Other Information 53 Section 5.05 Notices of the Company 21 Material Events 56 Section 6.2 Consents 5.06 Compliance with Laws 57 Section 5.07 Maintaining Records; Access to Properties and Filings 22 Inspections 57 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation 5.08 Compliance with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No58 Section 5.09 Further Assurances; Mortgages 58 Section 5.10 Fiscal Year; Accounting 59 Section 5.11 [Reserved] 59 Section 5.12 Collateral Monitoring and Reporting 59 Section 5.13 Use of Proceeds 59 Section 5.14 Approved Budget 59 Section 5.15 [Reserved] 60 Section 5.16 Material Agreements 60 Section 5.17 Status Calls 60 Section 5.18 Administrative Agent Professionals 60 Section 5.19 [Reserved] 60 Section 5.20 Debtor-Shop Period Start Date 6.4(a) Notice In-Possession Obligations 61 Section 5.21 Payment of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Obligations 61
Appears in 1 contract
Sources: Debtor in Possession Delayed Draw Term Loan Agreement (Franchise Group, Inc.)
TABLE OF CONTENTS. (Continued) DESCRIPTION OF TRANSACTION 2 1.1 Merger of Merger Sub into the Company 2 1.2 Effects of the Merger 2 1.3 Closing; Effective Time 2 1.4 Certificate of Incorporation and Bylaws; Directors and Officers 2 1.5 Conversion of Shares 2 1.6 Closing of the Company’s Transfer Books 3 1.7 Exchange of Certificates 4 1.8 Issuance of Shares of Surviving Corporation 5 1.9 Tax Consequences 5 1.10 Further Action 6 1.11 Dissenting Shares 6 Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 6 2.1 Subsidiaries; Due Organization; Etc. 6 2.2 Certificate of Incorporation and Bylaws 7 2.3 Capitalization; Ownership of Subsidiary 7 2.4 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 9 2.5 Absence of Certain Changes 10 2.6 Title to Tangible Assets 11 2.7 Equipment; Real Property; Leasehold 12 2.8 Intellectual Property 12 2.9 Contracts 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 2.10 Liabilities 18 2.11 Compliance with LawsLegal Requirements; Licenses, Permits Regulatory Matters 18 2.12 Certain Business Practices 19 2.13 Governmental Authorizations 19 2.14 Tax Matters 20 2.15 Employee and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ FeesLabor Matters; Opinion Benefit Plans 21 2.16 Environmental Matters 24 2.17 Insurance 25 2.18 Transactions with Affiliates 25 2.19 Legal Proceedings; Orders 25 2.20 Authority; Binding Nature of Committee Financial Advisor 17 Section 4.18 Agreement 25 2.21 Inapplicability of Section 203 of the DGCL 17 and other Anti-takeover Statute 26 2.22 Vote Required 26 2.23 Non-Contravention; Consents 26 2.24 No Broker Fee 27 2.25 Acknowledgement by the Company 27 2.26 Private Placement 27 Section 3. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER PARENT AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 AuthorizationMERGER SUB 27 3.1 Subsidiaries; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 IndemnificationDue Organization; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing Etc. 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: 3.2 Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Articles 28
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 NonARTICLE 1 DEFINITIONS 1 ARTICLE 2 RELATIONSHIP OF OWNER, CONTRACTOR AND SUBCONTRACTORS 9 2.1 Status of Contractor 9 2.2 Key Personnel and Contractor Representative 9 2.3 Subcontractors and Sub-Contravention subcontractors 9 2.4 Subcontracts and Sub-subcontracts 10 2.5 Contractor Acknowledgements 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents ARTICLE 3 CONTRACTOR’S RESPONSIBILITIES 13 Section 4.8 Financial Statements; Liabilities 3.1 Scope of Work 13 3.2 Specific Obligations 13 3.3 Contractor’s Tools and Construction Equipment 14 Section 4.9 Disclosure Statements 3.4 Employment of Personnel 14 Section 4.10 Absence of Certain Changes 3.5 Clean-up 14 3.6 Safety and Security 14 3.7 Emergencies 15 Section 4.11 Litigation 3.8 Permits 15 Section 4.12 Taxes 3.9 Books, Records and Audits. 15 Section 4.13 3.10 Temporary Utilities, Roads, Facilities and Storage 16 3.11 Hazardous Materials 16 3.12 Reports and Meetings 16 3.13 Title to Materials Found 17 3.14 Cooperation with Others 17 3.15 Responsibility for Property 17 3.16 Used or Salvaged Materials 17 3.17 Compliance with LawsReal Property Interests 17 3.18 Subordination of Liens 18 3.19 Review of Shop Drawings 18 3.20 Layout 18 3.20 Substitutions 18 3.22 Quality Control 18 3.23 Commercial Activities 19 3.24 Taxes 19 3.25 Tax Accounting 19 ARTICLE 4 OWNER’S RESPONSIBILITIES 19 4.1 Payment 19 4.2 Permits 19 4.3 Access to the Site 19 4.4 Owner-Supplied Equipment 19 4.5 Texas Sales and Use Tax Matters 20 ARTICLE 5 COMMENCEMENT OF WORK, PROJECT SCHEDULE, AND SCHEDULING OBLIGATIONS 20 5.1 Timely Commencement and Completion of Work 20 5.2 Limited Notice to Proceed/Notice to Proceed 20 5.3 Project Schedule 21 5.4 CPM Schedule 21 5.5 Recovery and Recovery Schedule 22 5.6 Acceleration and Acceleration Schedule 23 ARTICLE 6 CHANGES; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ FeesFORCE MAJEURE; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 NonOWNER-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section CAUSED DELAY 24 6.1 Conduct of Business of the Company 21 Section Change Orders Requested by Owner 24 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Change Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Requested by Contractor 25
Appears in 1 contract
Sources: Construction Agreement (Cheniere Corpus Christi Holdings, LLC)
TABLE OF CONTENTS. (Continued) ARTICLE I DEFINITIONS 1 Section 1.1 Defined Terms 1 Section 1.2 General Interpretive Principles 6 ARTICLE II REGISTRATION RIGHTS 7 Section 2.1 Shelf Registration 7 Section 2.2 Demand Registration 9 Section 2.3 Piggyback Registration 11 Section 2.4 Black-out Periods 13 Section 2.5 Registration Procedures 14 Section 2.6 Underwritten Offerings 20 Section 2.7 No Inconsistent Agreements; Additional Rights 21 Section 2.8 Registration Expenses 21 Section 2.9 Indemnification 22 Section 2.10 Private Sales 25 ARTICLE III BOARD OF DIRECTORS 26 Section 3.1 Board of Directors 26 Section 3.2 Additional Management Provisions 27 ARTICLE IV TRANSFER OF SHARES 27 Section 4.1 Limitations on Transfer 27 Section 4.2 Transfers to Permitted Transferees 28 Section 4.3 Tag-Along Rights 28 Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Regulatory Cooperation 29 ARTICLE V MISCELLANEOUS 31 Section 5.1 Existence and Power 18 Term 31 Section 5.2 Authorization; Approvals 18 Injunctive Relief 31 Section 5.3 Governmental Authorization 19 Attorneys’ Fees 31 Section 5.4 Non-Contravention 19 Notices 31 Section 5.5 Information in Securities Filings 19 Group Status 32 Section 5.6 Purchaser’s Operations 19 Successors, Assigns and Transferees 33 Section 5.7 Vote Required 20 Governing Law; Service of Process; Consent to Jurisdiction 33 Section 5.8 Finders’ Fees 20 Severability 33 Section 5.9 Financing 20 Amendment; Waiver 34 Section 5.10 Solvency 21 Counterparts 34 AMENDED AND RESTATED REGISTRATION RIGHTS AND SHAREHOLDERS’ AGREEMENT (Continued) COVENANTS 21 Section 6.1 Conduct of Business of as amended, modified and supplemented from time to time, the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇“Agreement”), Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 2009, by and between Kraton Performance Polymers, Inc. (f.k.a. Polymer Holdings LLC), a Delaware corporation (the “AgreementCompany”) among DFC Holdings, and TPG III Polymer Holdings LLC, a Delaware limited liability company (“ParentTPG III”), DFC Merger Corp.TPG IV Polymer Holdings LLC, a Delaware corporation limited company (“PurchaserTPG IV”), whose sole stockholder is Parent, ▇▇▇▇▇ .▇. ▇▇▇▇▇▇ Partners (BHCA), L.P., a Delaware limited partnership, ▇.▇, an individual (“. ▇▇▇▇▇▇ Partners Global Investors, L.P., a Delaware limited partnership, ▇.▇. ▇▇”), and ▇▇▇▇ Food CompanyPartners Global Investors (Cayman), Inc.L.P., a Cayman Islands limited partnership, JPMP Global Fund/Kraton, L.P., a Delaware corporation limited partnership, JPMP Global Fund/Kraton A, L.P. a Delaware limited partnership, ▇.▇. ▇▇▇▇▇▇ Partners Global Investors (the “Company”Cayman) II, L.P., a Cayman Islands limited partnership, ▇.▇. ▇▇▇▇▇▇ Partners Global Investors (Selldown), L.P., a , ▇.▇. ▇▇▇▇▇▇ Partners Global Investors (Selldown) II, L.P., a , JPMP Global Fund/Kraton/Selldown, L.P., a , and JPMP Global Fund/Kraton/Selldown II, L.P., a .
Appears in 1 contract
Sources: Registration Rights and Shareholders’ Agreement (Polymer Holdings LLC)
TABLE OF CONTENTS. (Continued) DEFINITIONS 1 Section 4.4 Non-Contravention 11 1.1 General Definitions 1 Section 4.5 Capitalization 12 1.2 Interpretation 21 Section 4.6 Subsidiaries 12 1.3 Business Day Adjustment 22 Section 4.7 Past SEC Documents 13 1.4 Loan Records 22 Section 4.8 Financial Statements; Liabilities 14 1.5 Accounting Terms and Principles 23 Section 4.9 Disclosure Statements 14 1.6 Officers 23 ARTICLE 2 AGREEMENT FOR THE LOANS 23 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 2.1 Disbursement of the DGCL 17 Loans 23 Section 2.2 Payments; Prepayments; Make Whole Amount 24 Section 2.3 Payment Details 25 Section 2.4 Taxes 25 Section 2.5 Costs, Expenses and Losses 27 Section 2.6 Interest 28 Section 2.7 Interest on Late Payments; Default Interest 28 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF PARENTTHE LOAN PARTIES 28 Section 3.1 No Default 28 Section 3.2 Solvency 29 Section 3.3 Enforceability 29 Section 3.4 Existence, PURCHASER Qualification and Power 29 Section 3.5 Litigation 29 Section 3.6 Corporate Authorization; Conflicts 29 Section 3.7 Governmental Authorizations 30 Section 3.8 Ownership of Real Estate and Personal Property 30 Section 3.9 Intellectual Property 30 Section 3.10 Taxes 30 Section 3.11 Compliance with Laws 31 Section 3.12 SEC Documents 31 Section 3.13 Financial Statements; Financial Condition 31 Section 3.14 Accounting Controls 32 Section 3.15 ERISA 33 Section 3.16 Subsidiaries 33 Section 3.17 Shares of Stock 33 Section 3.18 Material Agreements 34 Section 3.19 Use of Proceeds; Margin Stock 34 Section 3.20 Environmental Matters 35 Section 3.21 Investment Company Act 35 Section 3.22 Labor Relations 35 Section 3.23 Disclosure 35 Section 3.24 Certain Regulations 35 Section 3.25 Securities Law and Principal Market Matters 36 Section 3.26 Application of Takeover Provisions; Rights Agreement 38 Section 3.27 Status as Senior Indebtedness 38 ARTICLE 4 REPRESENTATIONS AND ▇▇▇▇▇▇▇ 18 WARRANTIES OF THE LENDERS 39 Section 4.1 Acquisition for Own Account 39 Section 4.2 Accredited Investor 39 Section 4.3 Exemptions 39 Section 4.4 Diligence 39 Section 4.5 No Recommendation or Endorsement 39 ARTICLE 5 CONDITIONS OF DISBURSEMENT 40 Section 5.1 Existence and Power 18 Facility Documents 40 Section 5.2 Authorization; Approvals 18 Costs and Expenses 40 Section 5.3 Governmental Authorization 19 Know Your Customer Information 40 Section 5.4 Non-Contravention 19 Absence of Default or Event of Default 40 Section 5.5 Information in Securities Filings 19 Representations and Warranties 40 Section 5.6 Purchaser’s Operations 19 Proceedings 40 Section 5.7 Vote Required 20 Solvency Certificate 40 Section 5.8 Finders’ Fees 20 Conditions Precedent Certificate 40 Section 5.9 Financing 20 Legal Opinions 40 Section 5.10 Solvency 21 (Continued) Transfer Agent Letter 41 ARTICLE 6 AFFIRMATIVE COVENANTS 21 41 Section 6.1 Preservation of Existence, Etc 41 Section 6.2 Compliance with Laws 41 Section 6.3 Authorizations 41 Section 6.4 Maintenance of Property 41 Section 6.5 Insurance 41 Section 6.6 Payment of Taxes 41 Section 6.7 Notices 42 Section 6.8 SEC Documents; Financial Statements 42 Section 6.9 Disclosure 42 Section 6.10 Further Assurances 42 Section 6.11 Listing of Stock 43 Section 6.12 Disclosure; No Inside Information 43 Section 6.13 Environmental Matters 45 Section 6.14 Use of Proceeds 45 Section 6.15 ERISA Notices 45 ARTICLE 7 NEGATIVE COVENANTS 46 Section 7.1 Merger, Consolidation, Etc 46 Section 7.2 Liens 46 Section 7.3 Indebtedness 48 Section 7.4 Affiliate Transaction 49 Section 7.5 Conduct of Business 49 Section 7.6 Amendments to Organizational Documents 50 Section 7.7 Accounting Changes 50 Section 7.8 Payments of the Qualifying Unsecured Debt 50 Section 7.9 Burdensome Agreements and Negative Pledges 50 Section 7.10 OFAC; Patriot Act; Anti-Corruption Laws 51 Section 7.11 Investment Company 21 Act 51 Section 6.2 Consents 7.12 Restricted Payments 51 ARTICLE 8 EVENTS OF DEFAULT 52 Section 8.1 Events of Default 52 Section 8.2 Remedies 54 ARTICLE 9 MISCELLANEOUS 54 Section 9.1 Notices 54 Section 9.2 Cost and Filings 22 Expense Reimbursement 55 Section 6.3 Indemnification9.3 Governing Law; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATIONVenue; AMENDMENTJurisdiction; Service of Process; WAIVER 34 OF JURY TRIAL 56 Section 8.1 Termination 34 9.4 Successors and Assigns 57 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 9.5 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Amendments 58 Section 9.6 Submission to Jurisdiction 38 (Continued) Severability 59 Section 9.7 Descriptive Headings 39 Counterparts 59 Section 9.8 Parties in Interest 39 Survival of Representations and Warranties 59 Section 9.9 Counterparts 39 No Waiver 59 Section 9.10 Expenses 39 Indemnity 59 Section 9.11 Purchaser Termination Fee 40 No Usury 60 Section 9.12 Specific Performance 41 60 Section 9.13 Affiliates 42 Agent 61 Section 9.14 USA Patriot Act 64 Section 9.15 Placement Agent 64 Section 9.16 Independent Nature of Lender Parties 64 Section 9.17 No Liability Fiduciary Relationship 65 Section 9.18 No Third Parties Benefited 65 Section 9.19 Binding Effect 65 Section 9.20 Marshaling; Payments Set Aside 65 Section 9.21 Right of Financing Sources 42 Exhibits: Setoff 65 Section 9.22 Sharing of Payments, Etc 66 Section 9.23 Certain Securities Matters 66 Annex A Convertible Loan Amount Schedule 2.3 Closing Date Lenders, Wire Instructions and Notice Information Schedule 3.8 Ownership of Real Estate and Personal Property Schedule 3.9 Intellectual Property Schedule 3.15 ERISA Schedule 3.16 Borrower’s Subsidiaries Schedule 3.18 Material Agreements Schedule 3.19 Use of Proceeds; Margin Stock Schedule 3.20 Environmental Matters Schedule 3.22 Labor Relations Schedule 7.2(a) Existing Liens Schedule 7.3(a) Existing Indebtedness Exhibit A: A Form of Convertible Note Exhibit B Closing Checklist Exhibit C Form of Registration Rights Agreement Exhibit D Form of Assignment and Assumption Exhibit E Form of Solvency Certificate Exhibit F-1 Form of Portfolio Interest Certificate (Non-Partnerships) Exhibit F-2 Form of Portfolio Interest Certificate (Partnerships) Exhibit G Form of Certificate of Incorporation Designation Exhibit H Form of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) Disbursement Request This FACILITY AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of August May 11, 2013 (“Agreement”) 2020, is entered into by and among DFC HoldingsINTERSECT ENT, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc.INC., a Delaware corporation (the “CompanyBorrower”), the other Loan Parties (as defined below) party hereto from time to time, the lenders set forth on the signature page of this Agreement (together with their successors and permitted assigns, the “Lenders”), DEERFIELD PARTNERS, L.P., as agent for itself and the other Lender Parties (in such capacity, together with its successors and assigns in such capacity, “Agent,” and, together with the Lenders, the Borrower and the other Loan Parties party hereto, the “Parties”).
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence I DEFINITIONS 1 1.1 Accounting Terms 1 1.2 General Terms 1 1.3 Uniform Commercial Code Terms 27 1.4 Certain Matters of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Construction 28 II ADVANCES, PAYMENTS 29 2.1 Revolving Advances 29 2.2 Procedure for Revolving Advances Borrowing 30 2.3 Disbursement of Advance Proceeds 32 2.4 [Reserved.] 32 2.5 Maximum Advances 32 2.6 Repayment of Advances 32 2.7 Repayment of Excess Advances 33 2.8 Statement of Account 33 2.9 Letters of Credit 33 2.10 Issuance of Letters of Credit 34 2.11 Requirements For Issuance of Letters of Credit 34 2.12 Disbursements, Reimbursement 35 2.13 Repayment of Participation Advances 36 2.14 Documentation 36 2.15 Determination to Honor Drawing Request 37 2.16 Nature of Participation and Reimbursement Obligations 37 2.17 Indemnity 38 2.18 Liability for Acts and Omissions 39 2.19 Additional Payments 40 2.20 Manner of Borrowing and Payment 41 2.21 Mandatory Prepayments 42 2.22 Use of Proceeds 43 2.23 Defaulting Lender 43 III INTEREST AND FEES 44 3.1 Interest 44 3.2 Letter of Credit Fees 45 3.3 [Reserved.] 45 3.4 Fee Letter 45 3.5 Computation of Interest and Fees 46 3.6 Maximum Charges 46 3.7 Increased Costs 47 3.8 Basis For Determining Interest Rate Inadequate or Unfair 47 3.9 Capital Adequacy 48 3.10 Gross Up for Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇48 3.11 Withholding Tax Exemption ▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇ ▇▇▇▇▇▇▇’▇, Purchaser▇▇: GENERAL TERMS 50 4.1 Security Interest in the Collateral 50 4.2 Perfection of Security Interest 50 4.3 Disposition of Assets 50 4.4 Preservation of Collateral 50 4.5 Ownership of Collateral 51 4.6 Defense of Agent’s and Parent’s Obligation 33 Lenders’ Interests 51 4.7 Books and Records 52 4.8 Financial Disclosure 52 4.9 Compliance with Laws 52 4.10 Inspection of Premises 53 4.11 Insurance 53 4.12 Failure to Pay Insurance 54 4.13 Payment of Taxes 54 4.14 Payment of Leasehold Obligations 54 4.15 Receivables 54 4.16 Inventory 57 4.17 Maintenance of Equipment 57 4.18 Exculpation of Liability 58 4.19 Environmental Matters 58 4.20 Financing Statements 60 4.21 Vehicle Titles 60 V REPRESENTATIONS AND WARRANTIES 60 5.1 Authority 60 5.2 Formation and Qualification 61 5.3 Survival of Representations and Warranties 61 5.4 Tax Returns 61 5.5 Financial Statements 62 5.6 Entity Name 62 5.7 O.S.H.A. and Environmental Compliance 63 5.8 Solvency; No Litigation, Violation, Indebtedness or Default 63 5.9 Patents, Trademarks, Copyrights and Licenses 64 5.10 Licenses and Permits 65 5.11 Default of Indebtedness 65 5.12 No Default 65 5.13 No Burdensome Restrictions 65 5.14 No Labor Disputes 65 5.15 Margin Regulations 66 5.16 Investment Company Act 66 5.17 Disclosure 66 5.18 Delivery of Convertible Senior Notes Documentation 66 5.19 Swaps 66 5.20 Conflicting Agreements 66 5.21 Application of Certain Laws and Regulations 66 5.22 Business and Property of Borrowers 67 5.23 Section 20 Subsidiaries 67 5.24 Anti-Terrorism Laws 67 5.25 Trading with the Enemy 68 5.26 Inactive Subsidiaries 68 VI AFFIRMATIVE COVENANTS 68 6.1 Payment of Fees 68 6.2 Conduct of Business and Maintenance of Existence and Assets 68 6.3 Violations 68 6.4 Government Receivables 68 6.5 Financial Covenants 69 6.6 Execution of Supplemental Instruments 69 6.7 Payment of Indebtedness 69 6.8 Standards of Financial Statements 69 6.9 [Reserved] 69 6.10 Exercise of Rights 69 6.11 Nature of Business 69 6.12 Subsidiaries 69 6.13 Post-Closing Obligations 70 VII NEGATIVE COVENANTS 70 7.1 Merger, Consolidation, Acquisition and Sale of Assets 70 7.2 Creation of Liens 70 7.3 Condition Guarantees 70 7.4 Investments 71 7.5 Loans 71 7.6 Capital Expenditures 71 7.7 Dividends 71 7.8 Indebtedness 71 7.9 Nature of Business 72 7.10 Transactions with Affiliates 72 7.11 [Reserved.] 72 7.12 Subsidiaries 72 7.13 Fiscal Year and Accounting Changes 73 7.14 Pledge of Credit 73 7.15 Amendment of Organizational Documents 73 7.16 Compliance with ERISA 73 7.17 Prepayment of Indebtedness 73 7.18 Anti-Terrorism Laws 73 7.19 Membership/Partnership Interests 74 7.20 Trading with the Enemy Act 74 7.21 Convertible Senior Notes 74 7.22 Other Agreements 74 7.23 Inactive Subsidiaries 74 VIII CONDITIONS PRECEDENT 74 8.1 Conditions to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section Initial Advances 74 8.2 Effect Conditions to Each Advance 78 IX INFORMATION AS TO CREDIT PARTIES 79 9.1 Disclosure of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival Material Matters 79 9.2 Schedules 79 9.3 Environmental Reports 80 9.4 Litigation 80 9.5 Material Occurrences 80 9.6 Government Receivables 80 9.7 Annual Financial Statements 80 9.8 Quarterly Financial Statements 81 9.9 Monthly Financial Statements 81 9.10 Other Reports 81 9.11 Additional Information 81 9.12 Projected Operating Budget 81 9.13 Variances From Operating Budget 82 9.14 Notice of RepresentationsSuits, Warranties Adverse Events 82 9.15 ERISA Notices and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission Requests 82 9.16 Additional Documents 83 9.17 Appraisals and Field Examinations 83 X EVENTS OF DEFAULT 83 10.1 Nonpayment 83 10.2 Breach of Representation 83 10.3 Financial Information 83 10.4 Judicial Actions 83 10.5 Noncompliance 83 10.6 Judgments 84 10.7 Bankruptcy 84 10.8 Inability to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Pay 84 10.9 Subsidiary Bankruptcy 84 10.10 Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders84 10.11 Lien Priority 84 10.12 Convertible Senior Loan Default 84 10.13 Enforceability of Intercreditor Agreement 85 10.14 Cross Default 85 10.15 Breach of Guaranty 85 10.16 Change of Control 85 10.17 Invalidity 85 10.18 Licenses 85 10.19 Seizures 85 10.20 Operations 85 10.21 Pension Plans 86 XI LENDERS’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening RIGHTS AND REMEDIES AFTER DEFAULT 86 11.1 Rights and Remedies 86 11.2 Agent’s Discretion 87 11.3 Setoff 88 11.4 Rights and Remedies not Exclusive 88 11.5 Allocation of Payments After Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) of Default 88 XII WAIVERS AND JUDICIAL PROCEEDINGS 89 12.1 Waiver of Notice 89 12.2 Delay 89 12.3 Jury Waiver 89 XIII EFFECTIVE DATE AND TERMINATION 89 13.1 Term 89 13.2 Termination 90 XIV REGARDING AGENT 90 14.1 Appointment 90 14.2 Nature of Duties 90 14.3 Lack of Reliance on Agent and Resignation 91 14.4 Certain Rights of Agent 91 14.5 Reliance 92 14.6 Notice of Board Action 6.4(c) Default 92 14.7 Indemnification 92 14.8 Agent in its Individual Capacity 92 14.9 Delivery of Documents 93 14.10 Borrowers’ Undertaking to Agent 93 14.11 No Reliance on Agent’s Customer Identification Program 93 14.12 Other Agreements 93 XV BORROWING AGENCY PROVISION AND COMMON ENTERPRISE 93 15.1 Borrowing Agency Provisions 93 15.2 Waiver of Subrogation 94 15.3 Common Enterprise 94 XVI MISCELLANEOUS 95 16.1 Governing Law 95 16.2 Entire Understanding 95 16.3 Successors and Assigns; Participations; New Lenders 98 16.4 Application of Payments 100 16.5 Indemnity 100 16.6 Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required 101 16.7 Survival 103 16.8 Severability 103 16.9 Expenses 104 16.10 Injunctive Relief 104 16.11 Consequential Damages 104 16.12 Captions 104 16.13 Counterparts; Facsimile Signatures 104 16.14 Construction 104 16.15 Confidentiality; Sharing Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).104 16.16 Publicity 105
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Flotek Industries Inc/Cn/)
TABLE OF CONTENTS. (Continued) Section SECTION 1 RECITALS 1 SECTION 2 DEFINITIONS 1 SECTION 3 LOAN TERMS 22 3.1 Commitments, Loans and Notes 22 3.2 Interest Rates, Late Charges 23 3.3 Payments 25 3.4 Prepayments 25 3.5 Intentionally Deleted. 25 3.6 Payments, Fees and Other General Provisions 25 3.7 Defaulting Lenders. 29 3.8 Divisions 30 3.9 Taxes. 30 3.10 Funding Losses; Replacement of Lenders. 33 3.11 Benchmark Replacement Setting; Benchmark Conforming Changes 36 SECTION 4 CONDITIONS TO LOAN OPENING DATE 37 4.1 The Loan Documents. The Loan Documents. 37 4.2 Survey 37 4.3 Insurance 38 4.4 NonTitle Policy 38 4.5 Title Documents 39 4.6 Recorded Documents 39 4.7 Searches 39 4.8 Opinions 39 4.9 Flood Hazards 39 4.10 Organizational Documents 39 4.11 Environmental Report 40 4.12 No Material Adverse Occurrences 40 4.13 Appraisal 40 4.14 Intentionally Deleted. 40 4.15 Leases 40 4.16 SNDAs and Tenant Estoppels 40 4.17 Rent Roll 40 4.18 Intentionally Deleted. 40 4.19 Rate Management Agreement 40 4.20 Intentionally Deleted. 40 4.21 Intentionally Deleted 40 4.22 Property Management Contract 40 4.23 Estoppels 41 4.24 Certificate of Beneficial Ownership 41 4.25 Post-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Closing Items. 41 SECTION 5 DISBURSEMENT OF THE LOAN 41 5.1 Conditions Precedent in General 41 SECTION 6 REPRESENTATIONS AND WARRANTIES 42 6.1 Organization of Parties 42 6.2 Title 42 6.3 Declaration 42 6.4 Validity and Enforceability of Documents 13 Section 4.8 42 6.5 Litigation and Liens 43 6.6 Utilities; Authorities 43 6.7 Solvency 43 6.8 Financial Statements 43 6.9 Compliance with Laws 43 6.10 Event of Default 44 6.11 Leases 44 6.12 Additional Agreements 44 6.13 Separate Tax Parcel 44 6.14 Rent Roll 44 SECTION 7 BORROWER'S COVENANTS; SECURITY INTERESTS 44 7.1 Compliance with Laws 44 7.2 Inspection 44 7.3 Appraisal 45 7.4 Liens 45 7.5 Concerning the Premises. 45 7.6 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Reports 46 7.7 Affirmation of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Representations and Warranties 46 7.8 Taxes 15 Section 4.13 Compliance with Lawsand Assessments 47 7.9 Proceedings Affecting Property 47 7.10 Disposal and Encumbrance of Property 47 7.11 Insurance. 47 7.12 Performance of Obligations; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Default 49 7.13 Restrictions Affecting Obligors 49 7.14 Use of Receipts; Bank Accounts; Limitation on Distributions 49 7.15 Additional Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required 50 7.16 Ineligible Securities 51 7.17 Patriot Act; Sanctions; Anti-Corruption; Beneficial Ownership. 51 7.18 Loan Expenses 51 7.19 Management 51 7.20 Single Asset Entity 52 7.21 No Debt 52 7.22 Use of Loan Advances 52 7.23 Financial Covenants. 52 7.24 Approved Leases. 53 7.25 Reserved 55 7.26 Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇Management. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).55
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4
ARTICLE I PARTIES 1
1.01 Address 1 1.02 Table of Contents 1 1.03 Parts Incorporated 5 1.04 Controlling Parts 5 1.05 Signatures 5 ARTICLE II – DEFINITIONS 6 ARTICLE III – DUTIES OF CONTRACTOR 10 3.01 Scope of Services 10 3.02 Coordinate Performance 10 3.03 Reports 10 3.04 Duty to Inspect 10 3.05 Invoicing 10 3.06 Prompt Payment of Subcontractors 10 3.07 Personnel of Contractor 11 3.08 Release 11 3.09 Indemnification 11 3.10 Indemnification Procedures 12
3.11 Defense of Claims 12 3.12 Patent, Copyright, Trademark, and Trade Secret Infringement 12 3.13 Insurance 13 3.14 Warranties 14 3.15 Information Provided by or on Behalf of City 17 3.16 Performance Audit 17 3.17 Confidentiality 18 3.18 Use of Work Products and Ownership; Works for Hire 18 3.19 Licenses and Permits 18 3.20 Compliance with Laws 19 3.21 Performance Bond 19 3.22 Environmental Laws 19 3.23 NPDES Compliance 20 3.24 Airport Security and Badging 22 3.25 Conflicts of Interest 22 3.26 Right to Stop Work 22 3.27 Software Security 23 3.28 PCI-DSS Compliance 23 3.29 Professional Conduct and Appearance 23 3.30 Service Level Agreement 23 ARTICLE IV – DUTIES OF CITY 25 4.01 Fee Schedule 25 4.02 Payment Terms 25 4.03 Withholding of Payment for Deficient Work 25 4.04 Submitted False Claims, Monetary Penalties 25 4.05 Taxes 25 4.06 Method of Payment - Disputed Payments 25 4.07 Change Orders 26 4.08 Access to Work Sites 26 4.09 Key Control 26 4.10 Proprietary Data 27 4.11 Exercise of Contract Responsibilities 27 ARTICLE V – TERM AND TERMINATION 28 5.01 Initial Term 28 5.02 Renewals 28 5.03 Termination for Convenience by City 28 5.04 Termination for Cause by City 28 5.05 Default 29 ARTICLE VI – FEDERAL CONTRACT PROVISIONS 30
6.01 General Civil Rights Provision 30 6.02 Compliance with Nondiscrimination Requirements 30 6.03 Title VI List of Pertinent Nondiscrimination Acts and Authorities 31 ARTICLE VII – MISCELLANEOUS 33 7.01 Independent Contractor 33 7.02 Force Majeure 33 7.03 Severability 33 7.04 Entire Agreement 34 7.05 Applicable Laws 34 7.06 Notices 34 7.07 Interpretation 34 7.08 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Waiver 34 7.09 Inspections and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS Audits 35 7.10 Enforcement 35 7.11 Survival 35 7.12 Publicity 35 7.13 Successors and Assigns 35 7.14 Business Structure and Assignments 35 7.15 Alternative Dispute Resolution 35 7.16 Contractor Indebtedness to City 36 EXHIBITS
A. AIRPORT RULES AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).REGULATIONS B. PERFORMANCE BOND C. SERVICE LEVEL DAMAGES D. CHANGE ORDER
Appears in 1 contract
Sources: Addendum
TABLE OF CONTENTS. (Continued) Section 1 Definitions 1 Section 2 Guarantee 5 2.1 Guarantee 5 2.2 Right of Contribution 6 2.3 No Subrogation 7 2.4 Guarantee Absolute and Unconditional 7 2.5 Waivers and Acknowledgments 9 2.6 Reinstatement 9 2.7 Payments 10 2.8 Subordination 10 Section 3 Grant of Security Interest 10 Section 4 Representations and Warranties 10 4.1 Title; No Other Liens 10 4.2 Perfected First Priority Liens 10 4.3 Grantor Information 11 4.4 Non-Contravention Collateral Locations 11 Section 4.5 Capitalization Certain Property 11 4.6 Investment Property 12 Section 4.6 Subsidiaries 4.7 Receivables 12 Section 4.7 Past SEC Documents 4.8 Intellectual Property 13 Section 4.8 Financial Statements; Liabilities 4.9 Securities Accounts, Commodities Accounts and Deposit Accounts 13 4.10 Letters of Credit 14 Section 4.9 Disclosure Statements 5 Covenants 14 Section 4.10 Absence 5.1 Delivery and Control of Certain Instruments, Investment Property, Certificated Securities, Letter-of-Credit Rights and Chattel Paper 14 5.2 Maintenance of Perfected Security Interest; Further Documentation 15 5.3 Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Lawsin Locations; Licenses, Permits and Registrations Name; Jurisdiction of Incorporation; Etc 16 Section 4.14 Contracts 16 Section 4.15 5.4 Notices 17 5.5 Investment Property 17 5.6 Receivables 18 5.7 Intellectual Property 17 18 5.8 Equipment 20 5.9 Commercial Tort Claims 21 Section 4.16 Required Vote 17 6 Remedial Provisions 21 6.1 Certain Matters Relating to Receivables 21 6.2 Communications with Obligors; Grantors Remain Liable 22 6.3 Investment Property 22 6.4 Proceeds to be Turned Over To the Administrative Agent 23 6.5 Application of Proceeds 23 6.6 Code and Other Remedies 24 6.7 Registration Rights 24 6.8 Waiver; Deficiency 25 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 7 Administrative Agent 25 7.1 Agent's Appointment as Attorney-in-Fact, etc 26 7.2 Duty of the DGCL 17 REPRESENTATIONS Administrative Agent 27 7.3 Photocopy of this Agreement 28 7.4 Authority of the Administrative Agent 28 Section 8 Miscellaneous 28 8.1 Amendments in Writing 28 8.2 Notices 28 8.3 Security Interest Absolute 28 8.4 Survival of Agreement 28 8.5 No Waiver by Course of Conduct; Cumulative Remedies 29 8.6 EXPENSES AND WARRANTIES INDEMNIFICATION 29 8.7 Successors and Assigns 30 8.8 Set-Off 30 8.9 Counterparts 31 8.10 Severability 31 8.11 Headings 31 8.12 Governing Law 31 8.13 Submission To Jurisdiction 31 8.14 Acknowledgements 31 8.15 Additional Grantors 32 8.16 Releases 32 8.17 Reinstatement 33 8.18 WAIVER OF PARENTJURY TRIAL 33 8.19 WAIVER OF CONSEQUENTIAL DAMAGES; ETC 33 8.20 INTEGRATION 33 Schedule 1 Investment Property Schedule 2 Filings and Perfection Schedule 3 Grantor Information Schedule 4 Collateral Locations; Collateral in Possession of Lessor, PURCHASER Bailee, Consignee or Warehouseman Schedule 5 Vessels, Aircraft, Vehicles and Other Equipment Subject to Certificate of Title Statutes Schedule 6 Intellectual Property Schedule 7 Securities Accounts, Commodity Accounts and Deposit Accounts Schedule 8 Commercial Tort Claims Schedule 9 Letters of Credit Schedule 10 Drilling Rigs Annex I Form of Joinder to Guarantee and Collateral Agreement GUARANTEE AND ▇COLLATERAL AGREEMENT, dated as of June 13, 2011, made by ▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇ENERGY RESOURCES, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLCINC., a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware Tennessee corporation (the “CompanyBorrower”) and each Subsidiary of the Borrower signatory hereto (together with Borrower and any other Person that becomes a party hereto as provided herein, each, a “Grantor” and collectively, the “Grantors”), in favor of Guggenheim Corporate Funding, LLC, as Administrative Agent (in such capacity, the “Administrative Agent”) for the Lenders.
Appears in 1 contract
Sources: Guarantee and Collateral Agreement (Miller Energy Resources, Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 NonPREAMBLE 1 1.01 IT IS THE PURPOSE OF BOTH PARTIES TO THIS AGREEMENT 1 ARTICLE 2 MANAGEMENT RIGHTS 1 2.01 MANAGEMENT AND DIRECTION 1 2.02 SUPERVISORY STAFF 1 2.03 BOARD EXERCISING ITS RIGHTS 1 2.04 BOARD SHALL NOT DISCRIMINATE 2 ARTICLE 3 RECOGNITION AND NEGOTIATION 2 3.01 RECOGNITION 2 3.02 NO OTHER AGREEMENTS 2 3.03 REPRESENTATIVE OF CANADIAN UNION 2 3.04 REPRESENTATION 2 3.05 NO STRIKE OR LOCKOUT 2 ARTICLE 4 UNION MEMBERSHIP REQUIREMENT 2 4.01 UNION MEMBERSHIP 2 ARTICLE 5 CHECK-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OFF OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 NonUNION DUES 3 5.01 CHECK-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OFF PAYMENTS 3 5.02 DUES RECEIPTS 3 ARTICLE 6 NEW EMPLOYEES 3 6.01 COPY OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇COLLECTIVE AGREEMENT 3 ARTICLE 7 CORRESPONDENCE 3 7.01 COMMUNICATION BETWEEN THE PARTIES 3 ARTICLE 8 LABOUR MANAGEMENT LIAISON MEETINGS 3 8.01 JOINT LABOUR MEETINGS 3 8.02 CHANGE TO WAGES, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of RepresentationsHOURS, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) OR BENEFITS 4 ARTICLE 9 LABOUR MANAGEMENT BARGAINING RELATIONS 4 9.01 UNION BARGAINING COMMITTEE 4 9.02 FUNCTION OF THE BARGAINING COMMITTEE 4 9.03 TIME OFF FOR NEGOTIATION MEETINGS 4 ARTICLE 10 EMPLOYEE DEFINITIONS 5 10.01 PROBATIONARY EMPLOYEE 5 10.02 CASUAL EMPLOYEE 5 10.03 TEMPORARY EMPLOYEE 5 10.04 REGULAR EMPLOYEE 5 10.05 SPECIAL EDUCATION ASSISTANT 6 ARTICLE 11 SPECIAL EDUCATION ASSISTANTS 6 11.01 LAYOFFS AND REHIRING 6 11.02 REDUCTION OF A REGULAR POSITION’S HOURS 6 11.03 SEA’S NO LONGER REQUIRED 6 11.04 PROMOTION AND STAFF CHANGES 7 11.05 SEA’S STUDENT IS ABSENT 7 ARTICLE 12 GRIEVANCE PROCEDURE 7 12.01 RECOGNITION OF UNION STEWARDS AND GRIEVANCE COMMITTEE 7 12.02 NAMES OF STEWARDS 7 12.03 PERMISSION TO LEAVE WORK 7 12.04 GRIEVANCES AND REPLIES IN WRITING 7 12.05 GRIEVANCES 8 12.06 GROUP GRIEVANCE 8 12.07 UNSAFE WORKING CONDITIONS 8 ARTICLE 13 ARBITRATION PROCEDURE 9 13.01 SECTION 103 - LABOUR RELATIONS CODE 9 13.02 ARBITRATOR'S PROCEDURE 9 13.03 ARBITRATOR'S RECOMMENDATIONS 9 13.04 EXPENSES OF THE ARBITRATOR 9 13.05 AMENDING OF TIME LIMITS 9 13.06 WITNESSES 9 ARTICLE 14 DISCHARGE, SUSPENSION AND DISCIPLINE 10 14.01 RIGHT TO HAVE UNION REPRESENTATIVE PRESENT 10 14.02 WARNINGS 10 14.03 BURDEN OF PROOF 10 14.04 DESIGNATION OF SUPERVISOR 10 14.05 CROSSING OF PICKET LINES DURING STRIKE 10 14.06 PERSONNEL FILE 10 ARTICLE 15 SENIORITY 11 15.01 PRINCIPLE 11 15.02 SECONDARY SENIORITY 11 15.03 PROBATION FOR NEWLY HIRED EMPLOYEES 11 15.04 SENIORITY LIST 12 15.05 NO LOSS OF SENIORITY 12 15.06 LOSS OF SENIORITY 12 15.07 TRANSFERS AND SENIORITY OUTSIDE BARGAINING UNIT 12 ARTICLE 16 PROMOTIONS AND STAFF CHANGES 13 16.01 JOB POSTINGS 13 16.02 TEMPORARY VACANCIES 13 16.03 TRIAL PERIOD 14 16.04 THRESHOLD ABILITY SELECTION 14 16.05 RESIGNATION 14 16.06 MAINTENANCE OF PAY EQUITY AGREEMENT 15 ARTICLE 17 LAYOFFS AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).RECALLS 16
Appears in 1 contract
Sources: Collective Agreement
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 1. DESCRIPTION OF TRANSACTION 2 1.1 Merger of Merger Sub into the Company 2 1.2 Effects of the Merger 2 1.3 Closing; Effective Time 2 1.4 Certificate of Incorporation and Bylaws; Directors and Officers 2 1.5 Conversion of Shares 2 1.6 Closing of the Company’s Transfer Books 3 1.7 Exchange of Certificates 4 1.8 Issuance of Shares of Surviving Corporation 5 1.9 Tax Consequences 5 1.10 Further Action 6 1.11 Dissenting Shares 6 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 6 2.1 Subsidiaries; Due Organization; Etc. 6 2.2 Certificate of Incorporation and Bylaws 7 2.3 Capitalization; Ownership of Subsidiary 7 2.4 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 9 2.5 Absence of Certain Changes 10 2.6 Title to Tangible Assets 11 2.7 Equipment; Real Property; Leasehold 12 2.8 Intellectual Property 12 2.9 Contracts 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 2.10 Liabilities 18 2.11 Compliance with LawsLegal Requirements; Licenses, Permits Regulatory Matters 18 2.12 Certain Business Practices 19 2.13 Governmental Authorizations 19 2.14 Tax Matters 20 2.15 Employee and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ FeesLabor Matters; Opinion Benefit Plans 21 2.16 Environmental Matters 24 2.17 Insurance 25 2.18 Transactions with Affiliates 25 2.19 Legal Proceedings; Orders 25 2.20 Authority; Binding Nature of Committee Financial Advisor 17 Section 4.18 Agreement 25 2.21 Inapplicability of Section 203 of the DGCL 17 and other Anti-takeover Statute 26 2.22 Vote Required 26 2.23 Non-Contravention; Consents 26 2.24 No Broker Fee 27 2.25 Acknowledgement by the Company 27 2.26 Private Placement 27 Section 3. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER PARENT AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 AuthorizationMERGER SUB 27 3.1 Subsidiaries; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 IndemnificationDue Organization; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing Etc. 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: 3.2 Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Articles 28
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Filing of Financing Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Commercial Tort Claims; Delivery of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Additional Documentation Required Vote 17 Section 4.17 Finders’ Fees; Opinion 59 4.5 Power of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 Attorney 60 4.6 Right to Inspect 61 4.7 Control Agreements 61 5. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 62 5.1 Existence No Encumbrances 62 5.2 Eligible Accounts 62 5.3 Eligible Inventory 62 5.4 Equipment 62 5.5 Location of Inventory and Power 18 Section 5.2 Equipment 62 5.6 Inventory Records 63 5.7 State of Incorporation; Location of Chief Executive Office; FEIN; Organizational ID Number; Commercial Tort Claims 63 5.8 Due Organization and Qualification; Subsidiaries 63 5.9 Due Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in No Conflict 64 5.10 Litigation 65 5.11 No Material Adverse Change 65 5.12 Fraudulent Transfer 65 5.13 Employee Benefits 65 5.14 Environmental Condition 65 5.15 Brokerage Fees 66 5.16 Intellectual Property 66 5.17 Leases 66 5.18 Deposit Accounts and Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) Accounts 66 5.19 Complete Disclosure 66 5.20 Indebtedness 67 5.21 Credit Card Receipts 67 5.22 Margin Stock 67 6. AFFIRMATIVE COVENANTS 21 Section 67 6.1 Conduct Accounting System 67 6.2 Collateral Reporting 67 6.3 Financial Statements, Reports, Certificates 67 6.4 Guarantor Reports 69 6.5 Returns 70 6.6 Maintenance of Properties 70 6.7 Taxes 70 6.8 Insurance 70 6.9 Location of Inventory and Equipment 72 6.10 Compliance with Laws 72 6.11 Leases 72 6.12 Existence 72 6.13 Environmental 72 6.14 Disclosure Updates 73 6.15 Formation of Subsidiaries 73 7. NEGATIVE COVENANTS 73 7.1 Indebtedness 73 7.2 Liens 74 7.3 Restrictions on Fundamental Changes 74 7.4 Disposal of Assets 75 7.5 Change Name 75 7.6 Nature of Business 75 7.7 [Intentionally Omitted] 75 7.8 Change of the Company 21 Section 6.2 Consents Control 75 7.9 Consignments 75 7.10 Distributions 75 7.11 Accounting Methods 75 7.12 Investments 75 7.13 Transactions with Affiliates 76 7.14 Suspension 76 7.15 [Intentionally Omitted] 76 7.16 Use of Proceeds 76 7.17 Inventory and Filings 22 Section 6.3 IndemnificationEquipment Storage 76 7.18 Financial Covenants 76 8. EVENTS OF DEFAULT 77 9. THE LENDER GROUP’S RIGHTS AND REMEDIES 79 9.1 Rights and Remedies 79 9.2 Remedies Cumulative 82 10. TAXES AND EXPENSES 82 11. WAIVERS; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).INDEMNIFICATION 82
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TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization ARTICLE I DEFINITIONS 1 1.1. Defined Terms 1 1.2. Accounting Terms 12 Section 4.6 Subsidiaries 1.3. Other Definition Provisions 12 Section 4.7 Past SEC Documents ARTICLE II PURCHASE OF BROADCASTING ASSETS, PURCHASE PRICE AND METHOD OF PAYMENT 12 2.1. Purchase of Broadcasting Assets 12 2.2. Consideration; Allocation of Aggregate Consideration 13 Section 4.8 Financial Statements; Liabilities 2.2.1 Aggregate Consideration 13 2.2.2 Allocation of Aggregate Consideration 13 2.3. Accounts Receivable 13 2.4. Assumption of Obligations 14 Section 4.9 Disclosure Statements 2.4.1 Limitation on Assumption of Obligations 14 Section 4.10 Absence of Certain Changes 2.4.2 Assumed Obligations Relating to the Station 14 2.4.3 Substitution Where Not Transferable 15 Section 4.11 Litigation 2.5. Aggregate Consideration Adjustment 15 Section 4.12 Taxes 2.5.1 General Proration 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 2.5.2 Procedure 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 ARTICLE III FCC CONSENT 18 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ SELLERS 18 Section 5.1 Existence 4.1. Organization and Power Standing 18 Section 5.2 Authorization4.2. Authorization and Binding Obligations 19 4.3. No Contravention; Approvals 18 Section 5.3 Governmental Authorization Consents 19 Section 5.4 Non-4.3.1 No Contravention 19 Section 5.5 4.3.2 Consents 19 4.4. Title to Assets and Other Property Matters 20 4.4.1 Real Property 20 4.4.2 Title to Broadcasting Assets 21 4.4.3 Personal Property 21 4.5. FCC Matters; Licenses and Permits 21 4.5.2. Licenses and Permits 22 4.6. Contracts 22 4.7. Intellectual Property 24 4.8. Employee Matters 25 4.8.1 ERISA 25 4.8.2 Employment and Vacation Leave 25 4.8.3 Employees 25 4.9. Financial Statements 26 4.10. Litigation; Compliance 26 4.10.1 Litigation 26 4.10.2 Violations 27 4.11. Labor 27 4.12. Taxes 27 4.13. Environmental Matters 27 4.13.1 Environmental Laws 28 4.13.2 Environmental Permits 28 4.13.3 Environmental Claims 28 4.13.4 Releases 28 4.13.5 Real Property Conditions 28 4.13.6 Information in Securities Filings 19 Section 5.6 Purchaser’s 28 4.14. Cable Matters 28 4.15. Digital Television 29 4.16. Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Since Balance Sheet Date 30 4.17. No Undisclosed Liabilities 31 4.18. Sufficiency of Assets 31 4.19. Transactions with Affiliates 31 4.20. Advertising 31 4.21. Solvency 21 (Continued) COVENANTS 21 Section 6.1 32 ARTICLE V REPRESENTATIONS AND WARRANTIES OF BUYER 32 5.1. Organization and Standing 32 5.2. Authorization and Binding Obligations 32 5.3. No Contravention 32 5.4. Litigation 33 5.5. Absence of Knowledge as to Certain Facts 33 5.6. Financial Capacity 33 5.7. Sophistication; Due Diligence 33 5.8. Qualifications; Consents 33 ARTICLE VI CONDUCT OF BUSINESS 34 6.1. Conduct of Business to Closing 34 6.1.1 Conduct of the Company 21 Section 6.2 Consents Business 34 6.1.2 Organization 34 6.1.3 Insurance 34 6.1.4 Transfer of Broadcasting Assets 34 6.1.5 Financial Statements 34 6.1.6 Encumbrances 34 6.1.7 Litigation 35 6.1.8 Agreements 35 6.1.9 Consents, Approvals, Amendments and Filings 22 Section 6.3 IndemnificationExtensions 35 6.1.10 Licenses 35 6.1.11 Other Affirmative Obligations 35 6.1.12 Other Negative Obligations 36 6.2. No Shop 37 6.3. [Intentionally Omitted] 37 6.4. Access and Information 37 6.5. Preserve Accuracy of Representations and Warranties; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law Notification Covenant 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required 6.6. Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).38
Appears in 1 contract
Sources: Purchase and Sale Agreement (Granite Broadcasting Corp)
TABLE OF CONTENTS. (Continued) THE MERGER 2 1.1. The Merger 2 1.2. Effective Time 2 1.3. Effect of the Merger 2 1.4. Merger Consideration 2 1.5. Effect of Merger on Company Securities 2 1.6. Governing Documents and Officers and Directors 3 1.7. Section 4.4 368 Reorganization 3 1.8. Further Actions 3 1.9. Escrow 3 1.10 Surrender of Company Securities and Disbursement of Stockholder Merger Consideration 4 II. CLOSING 5 2.1. Closing 5 III. REPRESENTATIONS AND WARRANTIES OF THE COMPANY 5 3.1. Organization and Qualification 5 3.2. Authorization; Corporate Documentation 5 3.3. Capitalization 6 3.4. Non-Contravention 6 3.5. Indebtedness 6 3.6. Absence of Liabilities 6 3.7. Intentionally Omitted 7 3.8. Title to and Sufficiency of Assets 7 3.9. Real Property 7 3.10. Personal Property 7 3.11. Intellectual Property 7 3.12. Compliance with Laws 9 3.13. Permits 9 3.14. Litigation 9 3.15. Contracts 9 3.16. Tax Matters 10 3.17. Employees and Labor Matters 11 Section 4.5 3.18. Benefit Plans 12 3.19. Insurance 13 3.20. Transactions with Related Persons 13 3.21. Bank Accounts 14 3.22. No Brokers 14 3.23. Full Disclosure 14 3.23. Vote Required 14 3.25. Reliance 14 IV. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND MERGER SUB 14 4.1. Organization and Qualification 15 4.2. Authorization 15 4.3. Non-Contravention 15 4.4. Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past 15 4.5. SEC Documents 13 Section 4.8 Filings; Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 16 4.6. Compliance with Laws 16 4.7. No Brokers 16 4.8. Litigation 17 4.9. Labor Matters 17 4.10. No Other Representations and Warranties 17 4.11. Merger Sub 17 4.12. Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 17 4.13. Title to Assets 17 4.14. Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 4.15. Tax Matters 18 Section 5.1 Existence and Power 4.16. Insurance 18 Section 5.2 Authorization; Approvals 4.17. Full Disclosure 18 Section 5.3 Governmental Authorization 4.18. Intentionally Omitted 18 4.19. Reliance 18 VI. COVENANTS 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 5.1. Conduct of Business of the Company 19 5.2. Conduct of Business by the Purchaser 21 Section 6.2 Consents 5.3. Further Assurances 21 5.4. Confidentiality 21 5.5. Publicity 22 5.6. Litigation Support 22 5.7. Intentionally Omitted 22 5.8. Intentionally Omitted 22 5.9. Escrow Agreement 22 5.10. Access to Information 22 5.11. Reasonable Efforts 23 5.12. Directors’ and Filings 22 Section 6.3 IndemnificationOfficers’ Indemnification 23 5.13. Notification; Insurance 23 Section 6.4 Other Proposals Updates to Company’s Disclosure Schedules 24 Section 6.5 Public Announcements VII. INDEMNIFICATION 25 6.1. Survival 25 6.2. Indemnification 25 6.3. Payment from Escrow Account 26 6.4. Limitations and General Indemnification Provisions 26 6.5. Indemnification Procedures 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 6.6. Exclusive Remedy 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 VII. CLOSING CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 28 7.1. Conditions to of Each Party’s Obligation 33 Section 7.2 Condition Obligations 28 7.2. Conditions to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition Obligations of the Company 29 7.3. Conditions to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Obligations of the Purchaser 30 7.4. Frustration of Conditions 31 VIII. TERMINATION AND EXPENSES 32 8.1. Termination 34 Section 8.2 32 8.2. Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension33 VIII. GENERAL PROVISIONS 33 9.1. Notices 33 9.2. Fees and Expenses 34 9.3. Severability 34 9.4. Assignment 34 9.5. No Third-Party Beneficiaries 34 9.6. Amendment; Waiver 35 MISCELLANEOUS 9.7. Entire Agreement 35 9.8. Remedies 35 9.9. Dispute Resolution 35 9.10. Governing Law; Jurisdiction 36 Section 9.1 Nonsurvival 9.11. Waiver of Representations, Warranties and Agreements Jury Trial 36 Section 9.2 Entire Agreement; Assignment 9.12. Interpretation 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 9.13. Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability 37 9.14. Counterparts 37 9.15. Stockholder Representative 37 A Definitions B List of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Significant Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) This AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (this “Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp.is made and entered into as of October 10, 2018, by and among (i) SPHERIX INCORPORATED, a Delaware corporation (“Purchaser”), whose sole stockholder is Parent(ii) SPHERIX DELAWARE MERGER SUB INC., ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual a Delaware corporation and a wholly-owned Subsidiary of Purchaser (“▇▇▇▇▇▇▇Merger Sub”), and ▇▇▇▇ Food Company(iii) CBM BIOPHARMA, Inc.INC., a Delaware corporation (the “Company”) and (iv) S▇▇▇▇ ▇▇▇▇▇▇▇ in the capacity as the representative from and after the Effective Time (as defined below) for the stockholders of the Company as of immediately prior to the Effective Time in accordance with the terms and conditions of this Agreement (the “Stockholder Representative”).
Appears in 1 contract
Sources: Merger Agreement (Spherix Inc)
TABLE OF CONTENTS. (Continued) Page 1. Defined Terms 1 2. Contribution; Total Consideration; Inspection and Title 5 2.1 Contribution of Property 5 2.2 Contribution of Assets 6 2.3 Inventory 6 2.4 Excluded Assets 6 2.5 Assumed Liabilities 6 2.6 Excluded Liabilities 6 2.7 Existing Loans and Creditors 6 2.8 Consideration and Exchange of Series T Limited Units 7 2.9 Treatment as Contribution 7 2.10 Allocation of Total Consideration 7 2.11 Terms of Series T Limited Units 8 2.12 Term of Agreement 8 2.13 Management Company 8 2.14 Risk of Loss 8 2.15 Escrow 8 2.16 Title 9 2.17 Due Diligence Period 9 3. Closing 10 3.1 Conditions Precedent 10 3.2 Time and Place 12 3.3 Closing Deliveries 12 3.4 Closing Costs 13 4. Representations and Warranties and Indemnities 13 4.1 Representations and Warranties of the Operating Partnership 13 4.2 Representations and Warranties of the Contributor 14 5. Indemnification 21 5.1 Survival of Representations and Warranties; Remedy for Breach 21 5.2 General Indemnification 21 5.3 Notice and Defense of Claims 21 5.4 Limitations on Indemnification Under Section 4.4 5.2.1 22 5.5 Indemnification 22 5.6 Matters Excluded from Indemnification 22 5.7 Offset 22 6. Covenants 22 6.1 Covenants of the Contributor 22 6.2 Prorations 24 6.3 Tax Covenants 25 6.4 Capital Contribution 25 7. Termination 26 7.1 Termination 26 7.2 Default by the Operating Partnership 26 7.3 Default by the Contributor 26 8. Miscellaneous 27 8.1 Further Assurances 27 8.2 Counterparts 27 8.3 Governing Law 27 Page 8.4 Amendment; Waiver 27 8.5 Entire Agreement 27 8.6 Assignability 27 8.7 Titles 27 8.8 Third Party Beneficiary 27 8.9 Severability 27 8.10 Reliance 27 8.11 Survival 27 8.12 Days 27 8.13 Calculating Time Periods 27 8.14 Incorporation of Exhibits 28 8.15 Notice 28 8.16 Force Majeure 28 8.17 Impracticability 28 8.18 Equitable Remedies 28 EXHIBITS A Legal Description of the Property B Contribution and Assumption Agreement C Assignment of Warranties D Total Consideration E Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Competition Agreement and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Solicitation Agreement F Confidentiality and Non-Disclosure Agreement G Tax Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct DISCLOSURE SCHEDULES 2.2 List of Business of the Company 21 Section 6.2 Consents Contributed Assets, Assumed Agreements and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Leases
Appears in 1 contract
Sources: Contribution Agreement (Lodging Fund REIT III, Inc.)
TABLE OF CONTENTS. (Continued) ARTICLE I PURCHASE AND SALE 1 Section 4.4 Non-Contravention 1.1 Purchase and Sale 1 Section 1.2 Transaction Consideration 7 Section 1.3 Closing Date 7 Section 1.4 Closing Date Payments 7 Section 1.5 Earnout Consideration 9 Section 1.6 Net Working Capital Adjustment 10 Section 1.7 Allocation of Transaction Consideration 11 Section 4.5 Capitalization ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE COMPANIES AND THE ACTIVE EQUITY HOLDERS 12 Section 4.6 Subsidiaries 2.1 Organization and Related Matters 12 Section 4.7 Past SEC Documents 2.2 Authorization and Enforceability 12 Section 2.3 Books and Records 13 Section 4.8 2.4 Capitalization 13 Section 2.5 Conflicts; Consents of Third Parties 13 Section 2.6 Financial Statements; Occupancy Reports 14 Section 2.7 No Undisclosed Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 2.8 Absence of Certain Changes 15 Developments 14 Section 4.11 2.9 Taxes 17 Section 2.10 Real Property 19 Section 2.11 Tangible Personal Property; Title; Sufficiency of Assets 22 Section 2.12 Intellectual Property 22 Section 2.13 Contracts 23 Section 2.14 Employee Benefits 23 Section 2.15 Labor 26 Section 2.16 Litigation 15 28 Section 4.12 Taxes 15 Section 4.13 2.17 Compliance with Laws; Licenses, Permits 28 Section 2.18 Environmental Matters 30 Section 2.19 Insurance 31 Section 2.20 Receivables; Payables 31 Section 2.21 Customers and Registrations 16 Suppliers 31 Section 4.14 Contracts 16 2.22 Related Party Transactions 32 Section 4.15 Intellectual Property 17 2.23 Brokers Fees and Other Arrangements 32 Section 4.16 Required Vote 17 2.24 Absence of Certain Business Practices 33 Section 4.17 Finders’ Fees2.25 Business Continuity 33 Section 2.26 Bulk Sales; Opinion Solvency 33 Section 2.27 Bank Accounts; Powers of Committee Financial Advisor 17 Attorney 33 Section 4.18 Section 203 2.28 Activities of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to & ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual P.A 33 Section 2.29 No Other Representations, Disclaimer 34 ARTICLE III REPRESENTATIONS AND WARRANTIES OF PURCHASER 34 Section 3.1 Organization 34 Section 3.2 Authorization and Enforceability 34 Section 3.3 Conflicts; Consent of Third Parties 34 Section 3.4 Brokers Fees 35 Section 3.5 No Proceedings 35 Section 3.6 Sufficient Transaction Consideration 35 Section 3.7 No Other Representations 35 ARTICLE IV COVENANTS 35 Section 4.1 Commercially Reasonable Efforts; Notices and Consents 35 Section 4.2 Access to Information; Financial Statements 36 Section 4.3 Operation of Business 37 Section 4.4 Further Assurances; Litigation Support 39 Section 4.5 Names and Logos 40 Section 4.6 Mail; Payments; Receivables; Bank Accounts 40 Section 4.7 Public Announcements; Confidentiality 41 Section 4.8 Tax Covenants 41 Section 4.9 Exclusive Dealing 42 Section 4.10 Non-Competition; Non-Solicitation 42 Section 4.11 Employees and Employee Benefits 45 Section 4.12 Tangible Property; Payment of Excluded Liabilities 46 Section 4.13 Employee Restrictive Covenant Agreements 46 Section 4.14 Novation 47 Section 4.15 Title: Survey 47 ARTICLE V CLOSING CONDITIONS 49 Section 5.1 Conditions to Obligation of Purchaser 49 Section 5.2 Conditions to Obligation of Seller Parties 52 ARTICLE VI INDEMNIFICATION 53 Section 6.1 Indemnity Obligations of Seller Parties 53 Section 6.2 Indemnity Obligations of Purchaser 54 Section 6.3 Indemnification Procedures 54 Section 6.4 Expiration of Representations and Warranties 55 Section 6.5 Certain Limitations 56 Section 6.6 Indemnification Payments to Purchaser Indemnitees; Right of Set-Off 56 Section 6.7 Treatment of Indemnification Payments 57 Section 6.8 Right to Indemnification Not Affected by Knowledge or Waiver 57 Section 6.9 Exclusive Remedies 57 Section 6.10 Insurance 57 Section 6.11 Title Policies and Other Insurance 57 Section 6.12 Damages Limitation 58 ARTICLE VII TERMINATION 58 Section 7.1 Termination of Agreement 58 Section 7.2 Effect of Termination 59 ARTICLE VIII MISCELLANEOUS 59 Section 8.1 Certain Definitions 59 Section 8.2 Expenses 66 Section 8.3 Governing Law; Jurisdiction; Venue 66 Section 8.4 Entire Agreement; Amendments and Waivers 67 Section 8.5 Section Headings 67 Section 8.6 Notices 67 Section 8.7 Severability 68 Section 8.8 Binding Effect; Assignment; Third-Party Beneficiaries 68 Section 8.9 Counterparts 69 Section 8.10 Remedies Cumulative 69 Section 8.11 Exhibits and Schedules 69 Section 8.12 Interpretation 69 Section 8.13 Arm’s Length Negotiations 70 Section 8.14 Construction 70 Section 8.15 Specific Performance 70 Section 8.16 Waiver of Jury Trial 70 Section 8.17 Time of Essence 70 Section 8.18 Appointment of the Representative 70 SCHEDULES: Schedule 1: Companies and Company Equityholders Schedule 2: Closing Date Payment Allocation EXHIBITS: Exhibit A: Forms of Bills of Sale, Assignment and Assumption Agreements and Warranty Deeds Exhibit B: Allocation Schedule Exhibit C: Form of Loan Payoff Letters Exhibit D: Form of Consulting Agreement Exhibit E: Forms of Novation Agreement Exhibit F: Form of Management Agreement THIS ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of January 25, 2015, is by and among LCS Corrections Services, Inc., a Louisiana corporation (“LCS”), LCS-Basile, LLC, a Nevada limited liability company (“Basile”), LCS-▇▇▇▇▇▇, LLC, a Nevada limited liability company (“▇▇▇▇▇▇”), LCS-▇▇▇▇▇▇▇▇, LLC, a Nevada limited liability company (“▇▇▇▇▇▇▇▇”), LCS-▇▇▇▇▇▇▇, LLC, a Nevada limited liability company (“▇▇▇▇▇▇▇”), LCS-Nueces, LLC, a Nevada limited liability company (“Nueces”), LCS-Pine Prairie, LLC, a Nevada limited liability company (“Pine Prairie”), LCS-Tensas, LLC, a Nevada limited liability company (“Tensas”), Perry Detention Services, LLC, a Nevada limited liability company (“Perry”) (each of LCS, Basile, Brooks, Caldwell, Hidalgo, Nueces, Pine Prairie, Tensas and Perry, a “Company” and, collectively, the “Companies”), the equity holders of the Companies set forth in Schedule 1 hereto (each, a “Company Equityholder” and collectively, the “Company Equityholders”), the GEO Group, Inc., a Florida corporation (“GEO”), and Correctional Properties, LLC, a Delaware limited liability company (together with GEO, “Purchaser”). The Companies and the Company Equityholders are sometimes referred to herein collectively as the “Seller Parties” and each individually as a “Seller Party.” Basile, Brooks, Caldwell, Hidalgo, Nueces, Pine Prairie, Tensas and Perry are sometimes herein referred to as the “Facility Entities.” ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ Food Company, Inc., a Delaware corporation (▇▇▇▇▇▇▇ are sometimes herein referred to as the “CompanyActive Equityholders.” ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and/or ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall act as the representative of each Seller Party in accordance with the terms of Section 8.18 and are herein referred to as the “Seller Parties’ Representative.” The Seller Parties and Purchaser are sometimes herein referred to collectively as the “Parties” and each individually as a “Party.”).
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial StatementsAMOUNT AND TERMS OF CREDIT 3 1.1 Credit Facilities 3 1.2 Letters of Credit 17 1.3 Prepayments 18 1.4 Use of Proceeds 22 1.5 Interest and Applicable Margins 23 1.6 Fees 28 1.7 Receipt of Payments 29 1.8 Application and Allocation of Payments 30 1.9 Loan Accounts and Accounting 31 1.10 Indemnity 33 1.11 Taxes 36 1.12 Capital Adequacy; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with LawsIncreased Costs; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ FeesIllegality 41 1.13 Currency Conversion 43 1.14 Judgment Currency; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of Contractual Currency 43 1.15 Single Loan 44 1.16 Mitigation 44 2. CONDITIONS PRECEDENT 44 2.1 Conditions to the DGCL 17 Initial Loans 44 2.2 Further Conditions to Each Loan Made After the Closing Date 47 3. REPRESENTATIONS AND WARRANTIES OF PARENT47 3.1 Corporate Existence; Compliance with Law 48 3.2 Corporate Power, PURCHASER Authorization, Enforceable Obligations 48 3.3 Material Adverse Effect 49 3.4 Ownership of Property; Liens 49 3.5 Government Regulation 49 3.6 Margin Regulations 50 3.7 Taxes 50 3.8 Employee Benefit Plans 50 3.9 No Litigation 51 3.10 Full Disclosure 51 3.11 Environmental Matters 51 3.12 Solvency 52 3.13 PATRIOT Act 52 3.14 Financial Administration Act (Canada) 52 3.15 No Financial Assistance 53 4. FINANCIAL STATEMENTS AND ▇▇▇▇▇▇▇ 18 Section INFORMATION 53 4.1 Financial Statements and Information 53 5. AFFIRMATIVE COVENANTS 53 5.1 Maintenance of Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business 53 5.2 Payment of the Charges 54 5.3 Books and Records 54 5.4 Insurance 54 5.5 Compliance with Laws 55 5.6 Supplemental Disclosure 55 5.7 Environmental Matters 55 5.8 Real Estate 55 5.9 Further Assurances and Collateral 56 5.10 Future Credit Parties 56 5.11 Post-Closing Requirements 58 5.12 Interest Rate Protection 58 5.13 Maintenance of Ratings 58 5.14 Lender Meetings 58 5.15 Financial assistance 58 5.16 Credit Parties 58 5.17 Deposit Accounts 59 6. NEGATIVE COVENANTS 59 6.1 Mergers, Subsidiaries, Etc. 59 6.2 Investments; Loans and Advances 62 6.3 Indebtedness 63 6.4 Affiliate Transactions 66 6.5 Capital Structure and Business 66 6.6 Guaranteed Indebtedness 67 6.7 Liens; Restrictive Agreements 67 6.8 Sale of Equity Interests and Assets 67 6.9 Financial Covenants 69 6.10 Sale-Leasebacks 69 6.11 Restricted Payments 69 6.12 Change of Fiscal Year 71 6.13 Holding Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 71 7. TERMINATION 71 7.1 Conditions to Each Party’s Obligation 33 Section Termination 71 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Survival of Obligations Upon Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate Arrangements 71 8. EVENTS OF DEFAULT; RIGHTS AND REMEDIES 71 8.1 Events of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Default 71 8.2 Remedies 73 8.3 Waivers by Credit Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).74
Appears in 1 contract
TABLE OF CONTENTS. (Continued) DEFINITIONS 2 ARTICLE 2. THE ARRANGEMENT 23 Section 4.4 Non-Contravention 11 2.01 Arrangement, Effective Date 23 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 2.02 Effects of the DGCL 17 Arrangement 23 Section 2.03 Closing Deliverables 23 Section 2.04 Arrangement Consideration Generally 25 Section 2.05 Payment Mechanics. 27 Section 2.06 Escrow Funds; Securityholder Representative Fund 28 Section 2.07 Pre-Closing Certificate 29 Section 2.08 Post-Closing Adjustment 31 Section 2.09 Earnout Consideration 33 Section 2.10 Arrangement Process 37 Section 2.11 Certain Securities Law Matters 41 ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 THE COMPANY 42 Section 5.1 Existence 3.01 Organization and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business Qualification of the Company 21 43 Section 6.2 3.02 Authority; Board Approval 43 Section 3.03 No Conflicts; Consents 44 Section 3.04 Capitalization 44 Section 3.05 Subsidiaries 46 Section 3.06 Financial Statements 46 Section 3.07 Undisclosed Liabilities 47 Section 3.08 Absence of Certain Changes, Events and Filings 22 Conditions 47 Section 6.3 Indemnification; Insurance 23 3.09 Material Contracts 48 Section 6.4 3.10 Title to Properties and Assets 50 Section 3.11 Real Property 51 Section 3.12 Compliance with Other Proposals 24 Instruments 51 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company 3.13 Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required 52 Section 3.14 Information Practices 56 Section 3.15 Inventory 59 Section 3.16 Accounts Receivable 59 Section 3.17 Customers and Suppliers 59 Section 3.18 Insurance 60 Section 3.19 Legal Proceedings; Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble NoOrders 60 Section 3.20 Compliance With Laws; Permits 61 Section 3.21 Anti-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11Corruption, 2013 (“Agreement”) among DFC HoldingsAnti-Money Laundering, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”)Sanctions, and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Trade Regulation 61 Section 3.22 Environmental and Safety Matters 63 Section 3.23 Employee Benefit Matters 64 Section 3.24 Employee Matters 67 Section 3.25 Taxes 69 Section 3.26 Books and Records 73
Appears in 1 contract
TABLE OF CONTENTS. (Continued) DEFINITIONS 1 Section 4.4 Non1.01 Defined Terms 1 Section 1.02 Classification of Loans and Borrowings 28 Section 1.03 Terms Generally 28 Section 1.04 Accounting Terms; GAAP 29 Section 1.05 Designation of Lead Borrower as Agent for Borrower 29 ARTICLE II. THE CREDITS 30 Section 2.01 Commitments 30 Section 2.02 Loans and Borrowings 30 Section 2.03 Requests for Borrowings and Approval of Proposed Properties 31 Section 2.04 Funding of Borrowings 32 Section 2.05 Interest Elections 32 Section 2.06 Termination, Reduction and Increase of Commitments 33 Section 2.07 Repayment of Loans; Evidence of Debt 35 Section 2.08 Prepayment of Loans 36 Section 2.09 Fees 36 Section 2.10 Interest 37 Section 2.11 Alternate Rate of Interest 38 Section 2.12 Increased Costs 38 Section 2.13 Break Funding Payments 39 Section 2.14 Taxes 40 Section 2.15 Payments Generally; Pro Rata Treatment; Sharing of Set-Contravention 11 offs 41 Section 4.5 Capitalization 12 2.16 Mitigation Obligations; Replacement of Lenders 42 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 2.17 Delinquent Lenders 43 ARTICLE III. REPRESENTATIONS AND WARRANTIES 44 Section 3.01 Organization; Powers 44 Section 3.02 Authorization; Enforceability 44 Section 3.03 Governmental Approvals; No Conflicts 44 Section 3.04 Financial Condition; No Material Adverse Change 45 Section 3.05 Properties 45 Section 3.06 Intellectual Property 47 Section 3.07 Litigation and Environmental Matters 47 Section 3.08 Compliance with Laws and Agreements 49 Section 3.09 Investment and Holding Company Status 49 Section 3.10 Taxes 49 Section 3.11 ERISA 49 Section 3.12 Disclosure 49 Section 3.13 Insurance 50 Section 3.14 Margin Regulations 50 Section 3.15 Subsidiaries; REIT Qualification 50 Section 3.16 Leases 50 Section 3.17 Termination of Certain Representations and Warranties 51 ARTICLE IV. CONDITIONS 51 Section 4.01 Effective Date 51 Section 4.02 Each Credit Event 52 ARTICLE V. AFFIRMATIVE COVENANTS 52 Section 5.01 Financial Statements: Ratings Change and Other Information 53 Section 5.02 Financial Tests 54 Section 5.03 Notices of Material Events 56 Section 5.04 Existence; Conduct of Business 57 Section 5.05 Payment of Obligations 57 Section 5.06 Maintenance of Properties; Insurance 57 Section 5.07 Books and Records; Inspection Rights 60 Section 5.08 Compliance with Laws 60 Section 5.09 Use of Proceeds 60 Section 5.10 Fiscal Year 60 Section 5.11 Environmental Matters 60 Section 5.12 Mortgaged Property Pool and Approved Property Pool 61 Section 5.13 Further Assurances 68 Section 5.14 Partial Releases 68 Section 5.15 Parent Covenants 70 Section 5.16 TNP REIT Covenants 70 Section 5.17 [Intentionally Deleted] 70 Section 5.18 Equity Issuance 70 Section 5.19 Termination of Certain Covenants 71 Section 5.20 Depository Accounts 71 ARTICLE VI. NEGATIVE COVENANTS 73 Section 6.01 Liens 74 Section 6.02 Fundamental Changes 74 Section 6.03 Investments, Loans, Advances and Acquisitions 75 Section 6.04 Hedging Agreements 75 Section 6.05 Restricted Payments 75 Section 6.06 Transactions with Affiliates 75 Section 6.07 [Intentionally Deleted] 76 Section 6.08 Restrictive Agreements 76 Section 6.09 Indebtedness 76 Section 6.10 Management; Management Fees 77 Section 6.11 Leases 77 ARTICLE VII. EVENTS OF PARENTDEFAULT 79 ARTICLE VIII. THE ADMINISTRATIVE AGENT 82 ARTICLE IX. MISCELLANEOUS 84 Section 9.01 Notices 84 Section 9.02 Waivers; Amendments 84 Section 9.03 Expenses; Indemnity; Damage Waiver 85 Section 9.04 Successors and Assigns 87 Section 9.05 Survival 90 Section 9.06 Counterparts; Integration; Effectiveness; Joint and Several 90 Section 9.07 Severability 91 Section 9.08 Right of Setoff 91 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process 91 Section 9.10 WAIVER OF JURY TRIAL 92 Section 9.11 Headings 93 Section 9.12 Confidentiality 93 Section 9.13 Interest Rate Limitation 93 Section 9.14 USA PATRIOT Act 94 Section 9.15 Joint and Several Liability 94 Section 9.16 Additional Waivers and Agreements 98 SCHEDULES: Schedule 2.01 — Commitments Schedule 3.05 — Flood Zones; Earthquake or Seismic Areas Schedule 3.15 — Subsidiaries Schedule 5.12(a) — Mortgaged Property Pool Schedule 5.12(b) — Approved Property Pool Schedule 6.01 — Existing Liens EXHIBITS: Exhibit A — Form of Assignment and Acceptance Exhibit B — Form of TNP REIT Compliance Certificate Exhibit C — Form of Tranche B Guarantor Compliance Certificate Exhibit D — Form of Note Exhibit E — Form of Borrowing Request/Interest Rate Election Exhibit F — Form of Joinder Agreement Exhibit G — Form of Borrowing Base Certificate Exhibit H — Form of SNDA Agreement Exhibit I — Form of Estoppel THIS REVOLVING CREDIT AGREEMENT (“Agreement”) is made and entered into as of December 17, PURCHASER AND 2010, by and among TNP SRT SECURED HOLDINGS, LLC, a Delaware limited liability company, having an address at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ 18 Section 5.1 Existence ▇▇▇▇▇ and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 certain affiliated entities as set forth herein (Continued) COVENANTS 21 Section 6.1 Conduct individually and collectively as Borrower, “Borrower”), the institutions from time to time who are parties hereto as “Lenders” (whether by execution of Business of the Company 21 Section 6.2 Consents this Agreement or through an Assignment and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to Acceptance Agreement), and KEYBANK NATIONAL ASSOCIATION, a national banking association having an address at ▇▇▇ ▇▇▇▇▇▇▇’▇ ▇▇▇▇▇▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations▇▇▇▇ ▇▇▇▇▇, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇KeyBank”) as Agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Agent”), and ▇▇▇▇ Food CompanyKEYBANC CAPITAL MARKETS, Inc.INC., a Delaware an Ohio corporation (the “Company”)as Lead Bookrunner and Lead Arranger.
Appears in 1 contract
Sources: Revolving Credit Agreement (TNP Strategic Retail Trust, Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention Leased Premises 1 2. Lease Term 1 3. [Intentionally Omitted.] 1 4. Rent 1 5. Payment of Rent 1 6. Late Charges 2 7. Additional Rent 2 8. Taxes 2 9. Use of Leased Premises 2 10. [Intentionally Omitted.] 3 11. Alterations and Improvements 3 12. Maintenance and Repairs 3 13. Access 3 14. Liability and Casualty Insurance 4 15. Liens 6 16. Destruction of Premises 7 17. Condemnation 7 18. Signs 7 19. Utilities 8 20. Intentionally Omitted 8 21. Assignment and Subletting 8 22. Surrender 9 23. Title to Improvements 9 24. Default - Grounds 9 25. Default - Remedies 10 26. Right to Cure 11 Section 4.5 Capitalization 27. Holding Over 11 28. Statement from Lessee 11 29. Notices - Manner of Giving 11 30. Lessor’s Right to Perform Lessee’s Covenants 11 31. Waiver 12 Section 4.6 Subsidiaries 32. Time 12 Section 4.7 Past SEC Documents 33. No Recording 12 34. Subordination by Lessee 12 35. Invalidity 12 36. Construction 12 37. Attorneys’ Fees 12 38. Binding Effect 12 39. Net Lease 12 40. Conveyance by Lessor 13 Section 4.8 Financial Statements; Liabilities 41. No Personal Liability to Lessor 13 42. Intentionally Omitted 13 43. Commissions 13 44. No Partnership 13 45. Intentionally Omitted 13 46. Consent of Lessor 13 47. Survival of Obligations 13 48. Entire Agreement 13 49. Rubbish Removal 13 50. Hazardous Materials 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence 51. Representations and Warranties of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇, an individual (Representations and Warranties of Lessor 16 53. Severability 16 54. Lessee Financial Information 16 55. Waiver of Redemption 16 56. Disclaimer 16 57. Brokerage Disclosure 16 58. Waiver of Right to Jury Trial 16 Exhibit “▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).A” Legal Description of Land
Appears in 1 contract
Sources: Lease (Coinstar Inc)
TABLE OF CONTENTS. (Continued) CERTAIN DEFINITIONS 1 Section 4.4 Non-Contravention 11 1.1. Certain Definitions 1 ARTICLE 2 JAC MEMBERSHIP CONTRIBUTION 10 Section 4.5 Capitalization 12 2.1. JAC Initial Capital Contribution. 10 Section 4.6 Subsidiaries 12 2.2. JAC Additional Capital Contribution. 10 Section 4.7 Past SEC Documents 2.3. Amendment and Restatement of Operating Agreement. 10 Section 2.4. Issuance of Units. 10 Section 2.5. [reserved] 10 Section 2.6. The Closing. 10 Section 2.7. Deliveries at the Closing. 10 Section 2.8. Adjustments to Unit Ownership. 10 Section 2.9. Additional Units Subject to Earnout 13 Section 4.8 Financial Statements; Liabilities 14 2.10. Payment of JAC Obligations 13 Section 4.9 Disclosure Statements 14 Section 4.10 Absence 2.11. Payment of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 Existing Members Expenses. 13 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ THE COMPANY 13 Section 3.1. Organization and Qualification; Subsidiaries. 13 Section 3.2. Capitalization of the Group Companies. 14 Section 3.3. Authority 15 Section 3.4. [intentionally omitted] 15 Section 3.5. Consents and Approvals; No Violations 15 Section 3.6. Material Contracts. 15 Section 3.7. Absence of Changes 17 Section 3.8. Litigation. 17 Section 3.9. Compliance with Applicable Law 17 Section 3.10. Employee Benefit Plans. 17 Section 3.11. Environmental Matters. 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 3.12. Intellectual Property. 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 3.13. Labor Matters. 20 Section 5.8 Finders’ Fees 3.14. Insurance. 20 Section 5.9 Financing 3.15. Tax Matters. 20 Section 5.10 Solvency 21 (Continued) COVENANTS 3.16. Brokers 21 Section 6.1 Conduct of Business of the Company 3.17. Real and Personal Property. 21 Section 6.2 3.18. Transactions with Related Parties. 22 Section 3.19. Absence of Certain Payments. 22 Section 3.20. Customers and Suppliers. 22 Section 3.21. Company Information. 22 Section 3.22. State Takeover Statutes. 23 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF EXISTING MEMBERS 23 Section 4.1. Authority. 23 Section 4.2. Consents and Filings 22 Section 6.3 IndemnificationApproval; Insurance No Violations. 23 Section 6.4 Other Proposals 4.3. Title to the Membership Interest; Ownership of Existing Member. 23 Section 4.4. Litigation. 24 Section 6.5 Public Announcements 27 4.5. Brokers. 24 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF JAC 24 Section 6.6 Employee Benefits 27 5.1. Organization. 24 Section 6.7 Financing 28 5.2. Authority. 24 Section 6.8 Cooperation 5.3. Consents and Approvals; No Violations. 25 Section 5.4. Absence of Changes. 25 Section 5.5. Brokers. 25 Section 5.6. Transactions with Financing Efforts 30 Related Parties. 25 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 5.7. JAC Information. 25 Section 7.1 Conditions to Each Party’s Obligation 33 5.8. Trust Account. 26 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 5.9. Listing. 26 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 5.10. [Reserved] 26 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past 5.11. JAC SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 and Financial Statements 26 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as 5.12. Litigation. 26 Section 5.13. Absence of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇Certain Payments. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).27
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (Jensyn Acquisition Corp.)
TABLE OF CONTENTS. (Continued) Section Heading Page Section 1 Authorization of Notes. 1 Section 2 Sale and Purchase of Notes. 1 Section 3 Closing. 2 Section 4 Conditions to Closing. 2 Section 4.1 Representations and Warranties 3 Section 4.2 Performance; No Default 3 Section 4.3 Compliance Certificates 3 Section 4.4 Non-Contravention 11 Opinion of Counsel 3 Section 4.5 Capitalization 12 Purchase Permitted By Applicable Law, Etc 3 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 and ISIN Number 3 Section 4.7 Changes in Corporate Structure 3 Section 4.8 Funding Instructions 3 Section 4.9 Proceedings and Documents 4 Section 5 Representations and Warranties of the Company. 4 Section 5.1 Existence Organization; Power and Power 18 Authority 4 Section 5.2 Authorization, Etc 4 Section 5.3 Disclosure 4 Section 5.4 Organization and Ownership of Shares of Subsidiaries; Approvals Affiliates 4 Section 5.5 Financial Statements; Material Liabilities 5 Section 5.6 Compliance with Laws, Other Instruments, Etc 5 Section 5.7 Governmental Authorizations, Etc 5 Section 5.8 Litigation; Observance of Statutes and Orders 5 Section 5.9 Taxes 6 Section 5.10 Title to Property; Leases 6 Section 5.11 Licenses, Permits, Etc 6 Section 5.12 Employee Benefit Plans 6 Section 5.13 Private Offering by the Company 7 Section 5.14 Use of Proceeds; Margin Regulations 7 Section 5.15 Material Credit Facilities 7 Section 5.16 Foreign Assets Control Regulations, Etc 8 Section 5.17 Status under Certain Statutes 8 Section 6 Representations of the Purchaser. 9 Section 6.1 Purchase for Investment 9 Section 6.2 Source of Funds 9 Section 7 Information as to Company. 11 Section 7.1 Financial and Business Information 11 Section 7.2 Officer’s Certificate 13 Section 7.3 Visitation 13 Section 7.4 Electronic Delivery 14 Section 8 Payment, Prepayment and Redemption of the Notes. 14 Section 8.1 Required Prepayments and Prepayment in Connection with a Change of Control 14 Section 8.2 Optional Redemption 15 Section 8.3 Interest Payments 16 Section 8.4 Maturity; Surrender, Etc 16 Section 8.5 Payments Due on Non-Business Days 16 Section 9 Affirmative Covenants. 16 Section 9.1 Compliance with Laws 16 Section 9.2 Corporate Existence; Listing and Status under Applicable Law 16 Section 9.3 Priority of Obligations 17 Section 9.4 Books and Records 17 Section 9.5 Rating of the Notes 17 Section 9.6 Cash Balances 17 Section 9.7 Rating Step Up 17 Section 10 Negative Covenants. 18 Section 5.3 Governmental Authorization 10.1 Transactions with Affiliates 18 Section 10.2 Merger, Consolidation, Sale or Transfer of Assets 18 Section 10.3 Sale of Assets 19 Section 5.4 Non-Contravention 10.4 Dividends and Distributions 19 Section 5.5 Information in Securities Filings 10.5 Debt Incurrence 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 10.6 Financial Covenants 20 Section 5.8 Finders’ Fees 11 Events of Default. 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 12 Remedies on Default, Etc. 21 Section 6.1 Conduct of Business of the Company 12.1 Acceleration 21 Section 6.2 Consents and Filings 12.2 Other Remedies 22 Section 6.3 Indemnification; Insurance 12.3 Rescission 22 Section 12.4 No Waivers or Election of Remedies, Expenses, Etc 22 Section 13.1 Registration of Notes 22 Section 13.2 Transfer and Exchange of Notes 23 Section 6.4 Other Proposals 13.3 Replacement of Notes 23 Section 14 Payments on Notes. 24 Section 6.5 Public Announcements 27 14.1 Paying Agent 24 Section 6.6 Employee Benefits 27 14.2 FATCA Information 24 Section 6.7 Financing 28 15 Expenses, Etc. 24 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s 15.1 Certain Fees and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).24
Appears in 1 contract
TABLE OF CONTENTS. (Continued) ARTICLE I PURCHASE AND SALE 1 Section 4.4 Non-Contravention 11 1.1 Purchase and Sale 1 Section 4.5 1.2 Closing Date 2 ARTICLE II REPRESENTATIONS AND WARRANTIES OF SELLER 2 Section 2.1 Organization 2 Section 2.2 Authorization and Enforceability 3 Section 2.3 Conflicts; Consents of Third Parties 3 Section 2.4 The Shares 4 Section 2.5 Accredited Investor Status 4 Section 2.6 Brokers Fees 5 ARTICLE III REPRESENTATIONS AND WARRANTIES CONCERNING THE COMPANY 5 Section 3.1 Organization and Related Matters 5 Section 3.2 Books and Records 6 Section 3.3 Capitalization 12 6 Section 4.6 Subsidiaries 12 3.4 Conflicts; Consents of Third Parties 7 Section 4.7 Past SEC Documents 13 3.5 Financial Statements 8 Section 4.8 Financial Statements; 3.6 No Undisclosed Liabilities 14 9 Section 4.9 Disclosure Statements 14 Section 4.10 3.7 Absence of Certain Changes Developments 9 Section 3.8 Taxes 12 Section 3.9 Real Property 14 Section 3.10 Tangible Personal Property; Title; Sufficiency of Assets 15 Section 4.11 3.11 Intellectual Property Privacy, Systems and Security 16 Section 3.12 Contracts 21 Section 3.13 Employee Benefits 23 Section 3.14 Labor 26 Section 3.15 Litigation 15 28 Section 4.12 Taxes 15 Section 4.13 3.16 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 3.17 Environmental Matters 30 Section 6.9 Voting 3.18 Insurance 31 Section 3.19 Receivables; Payables 31 Section 3.20 Customers and Suppliers 32 CONDITIONS TO CONSUMMATION OF THE MERGER Section 3.21 Related Party Transactions 32 Section 3.22 Brokers Fees 32 Section 3.23 Absence of Certain Business Practices 33 Section 7.1 Conditions to Each Party’s Obligation 3.24 Business Continuity 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 3.25 Bank Accounts; Powers of Attorney 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 3.26 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Misrepresentation 33
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 9.2 With Consent of Holders 125 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 9.3 Compliance with LawsTrust Indenture Act 126 Section 9.4 Revocation and Effect of Consents 126 Section 9.5 Notation on or Exchange of Notes 127 Section 9.6 Trustee To Sign Amendments, Etc. 127 Section 10.1 Intercreditor Agreement 127 Section 11.1 Security Documents 128 Section 11.2 Collateral Agent 129 Section 11.3 Authorization of Actions to be Taken 129 Section 11.4 Information Regarding the Collateral 130 Section 11.5 Release of Collateral 131 Section 11.6 Use of Collateral; Licenses, Permits and Registrations 16 Compliance with Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 314(d) of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENTTIA 132 Section 11.7 Maintenance of Collateral 133 Section 11.8 Powers Exercisable by Receiver or Trustee. 134 Section 11.9 Voting 134 Section 11.10 Collateral Proceeds Account 134 Section 11.11 Appointment and Authorization of U.S. Bank as Collateral Agent 137 Section 11.12 Post Closing Collateral 137 Section 11.13 Equal and Ratable Security 139 Section 12.1 TIA Controls 139 Section 12.2 Notices 139 Section 12.3 Communications by Holders with Other Holders 140 Section 12.4 Certificate and Opinion as to Conditions Precedent 140 Section 12.5 Statements Required in Certificate or Opinion 141 Section 12.6 Rules by Trustee, PURCHASER AND ▇▇▇▇▇▇▇ 18 Paying Agent, Registrar 141 Section 5.1 Existence and Power 18 12.7 Legal Holidays 141 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 12.8 Governing Law 38 141 Section 9.6 Submission to Jurisdiction 38 12.9 No Adverse Interpretation of Other Agreements 141 (Continued) Section 9.7 Descriptive Headings 39 12.10 No Personal Liability 142 Section 9.8 Parties 12.11 Successors 142 Section 12.12 Duplicate Originals 142 Section 12.13 Severability 142 Section 12.14 Independence of Covenants 142 Section 12.15 Conflict with Other Documents 142 Section 13.1 Unconditional Note Guarantee 142 Section 13.2 Limitations on Note Guarantees 144 Section 13.3 Execution and Delivery of Note Guarantee Notation 145 Section 13.4 Release of a Guarantor 145 Section 13.5 Waiver of Subrogation 146 Section 13.6 Immediate Payment 146 Section 13.7 No Set-Off 146 Section 13.8 Obligations Absolute 147 Section 13.9 Obligations Continuing 147 Section 13.10 Obligations Not Reduced 147 Section 13.11 Obligations Reinstated 147 Section 13.12 Obligations Not Affected 147 Section 13.13 Waiver 149 Section 13.14 No Obligation To Take Action Against the Issuer 149 Section 13.15 Dealing with the Issuer and Others 149 Section 13.16 Default and Enforcement 149 Section 13.17 Amendment, Etc. 150 Section 13.18 Acknowledgment 150 Section 13.19 Costs and Expenses 150 Section 13.20 No Merger or Waiver; Cumulative Remedies 150 Section 13.21 Survival of Obligations 150 Section 13.22 Note Guarantee in Interest 39 Addition to Other Obligations 150 Section 9.9 Counterparts 39 13.23 Severability 151 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability 13.24 Successors and Assigns 151 Exhibit A-1 Form of Financing Sources 42 Exhibits: Series A Note Exhibit A: A-2 Form of Series B Note Exhibit B Form of Certificate of Incorporation Transfer Exhibit C Form of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice Exhibit D Form of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER IAI Certificate Exhibit E Form of Notation of Note Guarantee Exhibit F Form of Intercreditor Agreement INDENTURE, dated as of August 11December 19, 2013 (“Agreement”) 2011, among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇GMX Resources Inc., an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware Oklahoma corporation (the “CompanyIssuer”), the Guarantors (as hereinafter defined) and U.S. Bank National Association, as Trustee (the “Trustee”) and as Collateral Agent, as amended by the First Supplemental Indenture, dated as of December 7, 2012 among the parties hereto. The Issuer has duly authorized the creation and issuance of (i) the Senior Secured Notes Series A due 2017 (the “Series A Notes”) and (ii) the Senior Secured Notes Series B due 2017 (the “Series B Notes” and collectively with the Series A Notes, the “Notes” or the “Senior Secured Notes due 2017”) and, to provide therefor, the Issuer and the Guarantors have duly authorized the execution and delivery of this Indenture. All things necessary to make the Notes, when duly issued and executed by the Issuer, and authenticated and delivered under this Indenture, the valid obligations of the Issuer, and to make this Indenture a valid and binding agreement of the Issuer, have been done. Each party hereto agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders (as defined below) of the Notes.
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TABLE OF CONTENTS. (Continued) Section Interpretation 1 1.1 Definitions 1 1.2 Rules of Construction 12 2. Corporate Governance 13 2.1 Board 13 2.2 Other Activities of the Stockholders; Fiduciary Duties 15 2.3 Grant of Proxy 15 2.4 Observer Rights 15 2.5 Outside Directors 16 2.6 Board Meetings 16 2.7 Audit and Compensation Committees 16 2.8 Significant Actions 17 3. Issuance of Securities 18 3.1 Issuances of Capital Stock or Common Stock Equivalents 18 3.2 Issuances of Employee Incentive Securities 18 3.3 Preemptive Rights 18 4. Transfers of Securities and Limitations on Transfers 21 4.1 Restrictions on Transfer 21 4.2 Restrictive Legends 21 4.3 Notice of Proposed Transfers 22 4.4 Termination of Certain Restrictions 23 4.5 Exempt Transfers 23 4.6 Sales by Minority Stockholders 24 4.7 Certain Third Party Sales 25 4.8 Rights of First Refusal – Onex and OMERS 25 4.9 Tag Along Rights 27 4.10 Drag Along Rights 28 4.11 Involuntary Transfers 31 4.12 General Provisions Relating to Certain Sales of Securities 35 4.13 All Stockholders to Be Bound 37 4.14 Certain Events Not Deemed Transfers 37 4.15 Transfer and Exchange 37 4.16 Replacement Securities 37 5. Public Offerings 38 5.1 Qualified IPO 38 5.2 Secondary Offering in Connection with Qualified IPO 38 5.3 Demand Registrations 38 5.4 Piggyback Registrations 41 5.5 Holdback Agreement 42 5.6 Registration Procedures 43 5.7 Suspension of Dispositions 46 5.8 Registration Expenses 47 5.9 Indemnification 47 5.10 Further Assurances 50 6. Option By Certain Unaccredited Stockholders 50 6.1 Grant of Option 50 6.2 Option Transaction 51 6.3 Exercise of Option 51 6.4 Closing 51 6.5 Exercise Price 52 6.6 Assignment of Option 52 7. Confidentiality, Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Competition and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information Solicitation 52 7.1 Acknowledgement 52 7.2 Covenants 52 7.3 Exceptions 54 7.4 Reasonable Restrictions 55 8. Miscellaneous 55 8.1 Implementation 55 8.2 Notices 55 8.3 Successors and Assigns 56 8.4 Remedies 57 8.5 Termination 57 8.6 Legal Holidays 57 8.7 Governing Law 57 8.8 Severability 57 8.9 No Waivers; Amendments 57 8.10 Currency 58 8.11 Sections and Headings 58 8.12 Entire Agreement 58 8.13 Duplicate Originals 58 8.14 Time of Essence 58 8.15 Number and Gender 58 8.16 Ceasing to Be a Party 58 8.17 Change in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 58 8.18 Securities Subsequently Acquired 59 8.19 Registration of Securities 59 THIS AMENDED AND RESTATED STOCKHOLDERS AGREEMENT (Continuedthis “Stockholders Agreement”) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 1115, 2013 (“Agreement”) 2000, is entered into by and among DFC Holdings, LLCClientLogic Corporation, a Delaware limited liability company corporation, formerly known as CustomerONE Holding Corporation (including its successors, the “Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇Corporation”), and ▇▇▇▇ Food Companythe securityholders listed on Schedule A attached hereto, Inc., including those who subsequently are listed on Schedule A as a Delaware corporation (the “Company”)result of executing a Joinder Agreement.
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TABLE OF CONTENTS. (Continued) ARTICLE I THE MERGER 2 Section 4.4 Non-Contravention 1.1 The Merger 2 Section 1.2 Closing 2 Section 1.3 Effective Time 3 Section 1.4 Effects of the Merger 3 Section 1.5 Bylaws 3 Section 1.6 Certificate of Incorporation 3 Section 1.7 Directors and Officers 3 Section 1.8 Effect on Capital Stock 4 Section 1.9 Dissenting Shares 5 Section 1.10 Parent Stock Options and Other Derivative Securities 6 Section 1.11 Company Stock Options 6 Section 1.12 Certain Adjustments 7 Section 1.13 Tax Consequences 7 ARTICLE II EXCHANGE OF SHARES 7 Section 2.1 Exchange Agent 7 Section 2.2 Exchange Procedures 8 Section 2.3 No Further Ownership Rights 9 Section 2.4 No Fractional Shares of Parent Common Stock 9 Section 2.5 Termination of Exchange Fund 10 Section 2.6 No Liability 10 Section 2.7 Lost Certificates 10 Section 2.8 Withholding Rights 10 Section 2.9 Further Assurances 10 Section 2.10 Stock Transfer Books 11 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY 11 Section 4.5 Capitalization 3.1 Organization, Standing and Power; Organizational Documents; Subsidiaries 11 Section 3.2 Capital Structure 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 3.3 Corporate Authority 14 Section 4.9 Disclosure 3.4 Governmental Filings; No Violations, Etc 15 Section 3.5 Company Reports; Financial Statements 14 16 Section 4.10 3.6 Absence of Certain Changes 15 18 Section 4.11 3.7 No Undisclosed Material Liabilities 18 Section 3.8 Litigation 15 18 Section 4.12 Taxes 15 Section 4.13 3.9 Compliance with Laws; Licenses, Permits and Registrations 16 Laws 19 Section 4.14 3.10 Properties 20 Section 3.11 Contracts 16 20 Section 4.15 3.12 Employee Benefit Plans 22 Section 3.13 Labor Matters 25 Section 3.14 Tax 26 Section 3.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).30
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TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 PURCHASE AND SALE OF ASSETS 1 1.01 PURCHASE AND SALE OF ASSETS 1 1.02 PURCHASE PRICE 1 ARTICLE II. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER THE SELLER 3 2.01 EXISTENCE AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION POWER OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇COMPANY 3 2.02 AUTHORIZATION 3 2.03 NON-CONTRAVENTION 3 2.04 SUBSIDIARIES 4 2.05 FINANCIAL STATEMENTS 4 2.06 ABSENCE OF CERTAIN CHANGES 4 2.07 ASSETS 4 2.08 REAL PROPERTY 4 2.09 INTELLECTUAL PROPERTY 5 2.10 PRODUCT WARRANTY 5 2.11 PRODUCT LIABILITY 5 2.12 MATERIAL CONTRACTS 6 2.13 LICENSES AND PERMITS 6 2.14 EMPLOYEES 6 2.15 ENVIRONMENTAL MATTERS 7 2.16 TAX MATTERS 7 2.17 TRANSACTIONS WITH AFFILIATES 7 2.18 FEES 8 2.19 CUSTOMERS AND SUPPLIERS 8 2.20 COMPLIANCE WITH LAWS; NO DEFAULTS 8 2.21 LEGAL PROCEEDINGS 8 2.22 CAPITALIZATION 8 2.23 NO UNDISCLOSED LIABILITIES 8 2.24 COMPLIANCE WITH THE FOREIGN CORRUPT PRACTICES ACT, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATIONEXPORT CONTROL AND ANTIBOYCOTT LAWS 8 2.25 CONDITION AND SUFFICIENCY OF ASSETS 9 2.26 BOOKS AND RECORDS 9 2.27 INVENTORIES 9 2.28 ACCURACY OF INFORMATION FURNISHED 9 ARTICLE III. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER 9 3.01 ORGANIZATION AND EXISTENCE 9 3.02 CORPORATE AUTHORIZATION 9 3.03 GOVERNMENTAL AUTHORIZATION 10 3.04 NON-CONTRAVENTION 10 3.05 FEES 10 3.06 LITIGATION 10 3.07 CONFIRMATION 10 3.08 CSO RULES 10 ARTICLE IV. COVENANTS OF SELLER AND PURCHASER 10 4.01 BEST EFFORTS; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN FURTHER ASSURANCES 10 4.02 COMPLIANCE WITH LAWS 11 4.03 CERTAIN FILINGS 11 4.04 PUBLIC ANNOUNCEMENTS 11 4.05 NOTICE OF MERGER dated as of August DEVELOPMENTS 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 NonARTICLE I THE MERGER 2 1.1. The Merger 2 1.2. Effective Time 2 1.3. Effect of the Merger 2 1.4. Certificate of Incorporation; By-Contravention laws 2 1.5. Directors and Officers 3 1.6. Merger Consideration; Effect on Company Capital Stock; Escrow; Adjustment 3 1.7. Dissenting Shares 7 1.8. Surrender of Certificates 8 1.9. No Further Ownership Rights in Company Capital Stock 9 1.10. Lost, Stolen or Destroyed Certificates 9 1.11. Payoff of Loans 9 1.12. Taking of Necessary Action; Further Action 10 ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE COMPANY 10 2.1. Organization of the Company 10 2.2. Authority 10 2.3. No Conflict 11 Section 4.5 Capitalization 2.4. Consents 12 Section 4.6 2.5. Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 2.6. Company Capital Structure 14 2.7. Company Financial Statements; Statements and Internal Controls 17 2.8. No Undisclosed Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 18 2.9. Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 18 2.10. Accounts Receivable; Bank Accounts 21 2.11. Restrictions on Business Activities 22 2.12. Real Property; Leases 22 2.13. Assets; Absence of Liens and Encumbrances 23 2.14. Intellectual Property 23 2.15. Product Warranties; Services 28 2.16. Company Contracts 29 2.17. Change of Control Agreements 32 2.18. Interested Party Transactions 32 2.19. Compliance with Laws; Licenses, Permits Laws 33 2.20. Litigation 34 2.21. Insurance 34 2.22. Minute Books and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Records 35 2.23. Environmental Matters 35 2.24. Brokers’ and Finders’ FeesFees 36 2.25. Employee Plans 36 2.26. Employment Matters 39 2.27. Tax Matters 42 2.28. Significant Customers 45 2.29. Company Customer Information 45 2.30. Governmental Authorization 46 2.31. Corrupt Practices; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 Questionable Payments 46 2.32. Conflict Minerals 46 2.33. Representations Complete 47 ARTICLE III REPRESENTATIONS AND WARRANTIES OF PARENTBUYER AND MERGER SUB 47 3.1. Organization of Buyer and Merger Sub 47 3.2. Authority 47 3.3. Consents 48 3.4. No Conflict 48 ARTICLE IV CERTAIN COVENANTS 48 4.1. Conduct of Business of the Company and the Subsidiaries 48 4.2. Access to Information 50 4.3. Confidentiality 50 4.4. Public Disclosure 50 4.5. Consents 51 4.6. Antitrust Filings 51 4.7. Conditions to the Transactions; Further Assurances 52 4.8. Notification of Certain Matters 52 4.9. Termination of Certain Contracts; Notices 52 4.10. No Solicitation 53 4.11. Employment Matters 54 4.12. Section 280G 54 4.13. Tax Matters 55 4.14. Company Options; Company Warrants 56 4.15. Indemnification of Directors and Officers of the Company 57 4.16. Resignation of Officers, PURCHASER Directors and Advisory Board Members 58 4.17. Stockholder Approval 58 4.18. Buyer Equity Incentives 59 4.19. Conversion of Company Preferred Stock 59 4.20. Notice of Appraisal Rights 59 4.21. Financial Statements of JV 60 4.22. Certain Agreements 60 4.23. Export Laws 60 4.24. Certain Deliveries 60 ARTICLE V CONDITIONS TO THE MERGER 60 5.1. Conditions to Obligations of Each Party to Effect the Merger 60 5.2. Additional Conditions to Obligations of the Company 61 5.3. Additional Conditions to the Obligations of Buyer and Merger Sub 61 ARTICLE VI SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION; LIMITATIONS 64 6.1. Survival of Representations, Warranties and Covenants 64 6.2. Indemnification 65 6.3. Limitations 67 6.4. Procedures 69 6.5. Merger Consideration Adjustment 71 6.6. Holder Representative; Power of Attorney 71 6.7. No Subrogation 73 6.8. No Prejudice 73 ARTICLE VII TERMINATION, AMENDMENT AND WAIVER 74 7.1. Termination 74 7.2. Effect of Termination 75 7.3. Amendment 75 7.4. Extension; Waiver 75 ARTICLE VIII DEFINITIONS, CONSTRUCTION, ETC 75 8.1. Definitions 75 ARTICLE IX GENERAL PROVISIONS 89 9.1. Notices 89 9.2. Construction 90 9.3. Entire Agreement 91 9.4. Severability 91 9.5. Specific Performance 91 9.6. Expenses 91 9.7. Successors and Assigns; Assignment; Parties in Interest 92 9.8. Waiver 92 9.9. Governing Law; Venue 92 9.10. Certain Waivers 93 9.11. Other Remedies 93 9.12. Counterparts; Facsimile Delivery 94 Exhibit A Form of Certificate of Incorporation of the Surviving Corporation Exhibit B Form of Escrow Agreement Exhibit C Form of Letter of Transmittal Exhibit D Form of Option Cancellation Letter Exhibit E Form of Legal Opinion of Fenwick & West LLP Exhibit F Form of Company Warrant Termination Letter This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of May 31, 2012 (the “Agreement Date”), by and among Citrix Systems, Inc., a Delaware corporation (or an Affiliate designated by Citrix Systems, Inc. in writing prior to the Closing) (“Buyer”), ▇▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp.Acquisition Corporation, a Delaware corporation and a wholly owned subsidiary of Buyer (“PurchaserMerger Sub”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food CompanyBytemobile, Inc., a Delaware corporation (the “Company”), and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the Holder Representative.
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section DEFINITIONS AND INTERPRETATION 1 1.1 Definitions 1 1.2 Interpretation 12 ARTICLE 2 - PURCHASE AND SALE TRANSACTION 12 2.1 Purchase and Sale 12 2.2 No Financing Contingency 13 2.3 Seller Financing 13 ARTICLE 3 - PURCHASE PRICE 13 3.1 Extension Deposit 13 3.2 Cash at Closing 13 ARTICLE 4 - DUE DILIGENCE 14 4.1 As Is Sale 14 4.2 Release from Liability 14 4.3 Intentionally Omitted 15 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Acknowledgment 15 ARTICLE 5 - ADJUSTMENTS AND PRORATIONS 15 5.1 Rent 15 5.2 Security Deposits 16 5.3 Real Estate Taxes, Other Taxes and Special Assessments 16 5.4 Special Assessments 17 5.5 Operating Expenses 17 5.6 Prepaid Expenses 17 5.7 Intentionally Omitted 17 5.8 Other Customary Prorations 17 5.9 Closing Costs 17 5.10 Calculation of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Adjustments and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Prorations 18 ARTICLE 6 - CLOSING 19 6.1 Closing Date 19 6.2 Payment of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 Purchase Price 19 6.3 Seller’s Closing Deliveries 20 6.4 Buyer’s Closing Deliveries 21 ARTICLE 7 - REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization22 7.1 Buyer’s Warranties 22 7.2 Seller’s Warranties 23 7.3 General Provisions 26 7.4 No Consequential Damages 27 7.5 Remedies 27 7.6 Indemnity Escrow Funds 29 ARTICLE 8 - COVENANTS 29 8.1 Publicity 29 8.2 Brokers 29 8.3 Tax Matters 29 8.4 Audited Financials 30 ARTICLE 9 - MISCELLANEOUS 30 9.1 Assignment 30 9.2 Integration; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 ExtensionWaiver; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section Bulk Sales Compliance 31 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 31 9.4 Captions Not Binding; Exhibits 31 9.5 Binding Effect 31 9.6 Submission to Jurisdiction 38 (Continued) Section Severability 31 9.7 Descriptive Headings 39 Section Notices 31 9.8 Parties in Interest 39 Section Counterparts 32 9.9 Counterparts 39 Section No Recordation 32 9.10 Expenses 39 Section Limitation of Liability 33 9.11 Purchaser Termination Fee 40 Section Construction 33 9.12 Specific Performance 41 Section Time of Essence 33 9.13 Affiliates 42 Section Waiver of Jury Trial 33 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Presumption Regarding Drafting 33 9.15 Facsimile Signatures 33 9.16 No Third Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) Beneficiaries 33 9.17 Prior Agreements 34 THIS PURCHASE AND SALE AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (this “Agreement”) among DFC Holdingsis executed as of September 30, 2016, by and between Firebird SFE I, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇Seller”), and ▇▇▇▇ Food CompanyAltisource Residential, Inc.L.P., a Delaware corporation limited partnership (the “CompanyBuyer”).
Appears in 1 contract
Sources: Purchase and Sale Agreement (Altisource Residential Corp)
TABLE OF CONTENTS. (Continued) Article I Definitions 1 Article II Purchase and Sale 11 Section 2.1 Closing 11 Section 2.2 Payment of Purchase Price 11 Section 2.3 Post-Closing Adjustment 12 Article III Representations and Warranties of Seller 16 Section 3.1 Organization 16 Section 3.2 Authorization; Enforceability 16 Section 3.3 No Violation or Conflict 16 Section 3.4 No Consents 17 Section 3.5 Title of the Interests 17 Section 3.6 Litigation 17 Section 3.7 Fees and Expenses of Brokers and Others 17 Article IV Representations and Warranties of the Company 17 Section 4.1 Organization 17 Section 4.2 Authorization; Enforceability 18 Section 4.3 No Violation or Conflict 18 Section 4.4 Non-Contravention 11 No Consents 18 Section 4.5 Capitalization 12 19 Section 4.6 Subsidiaries 12 19 Section 4.7 Past SEC Documents 13 Litigation 20 Section 4.8 Financial Statements; Liabilities 14 Title to Assets 20 Section 4.9 Disclosure Statements 14 Material Contracts 20 Section 4.10 Government Contracts 22 Section 4.11 Financial Statements 23 Section 4.12 Absence of Undisclosed Liabilities 24 Section 4.13 Real Property 24 Section 4.14 Intellectual Property 25 Section 4.15 Insurance 26 Section 4.16 Tax Matters 27 Section 4.17 Compliance with Law 28 Section 4.18 Environmental Matters 28 Section 4.19 Labor Matters 29 Section 4.20 Absence of Certain Changes 15 30 Section 4.11 Litigation 15 4.21 Employee Benefit Plans 30 Section 4.12 Taxes 15 4.22 Bank Accounts 33 Section 4.13 Compliance with Laws; Licenses, Permits 4.23 Affiliate Transactions 33 Section 4.24 Governmental Authorizations 33 Section 4.25 Fees and Registrations 16 Expenses of Brokers and Others 33 Section 4.14 Contracts 16 4.26 Foreign Operations and Export Control 34 Section 4.15 Intellectual Property 17 4.27 Top Customers and Suppliers 34 Section 4.16 Required Vote 17 4.28 Warranty and Liability 35 Section 4.17 Finders’ Fees; Opinion 4.29 Gross Profit and Gross Margin 35 Article V Representations and Warranties of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Buyer 35 Section 5.1 Existence and Power 18 Organization 35 Section 5.2 Authorization; Approvals 18 Enforceability 36 Section 5.3 Governmental Authorization 19 No Violation or Conflict 36 Section 5.4 No Consents 36 Section 5.5 Litigation 36 Section 5.6 Fees and Expenses of Brokers and Others 36 Section 5.7 Investment Representations 36 Section 5.8 Financing 37 Section 5.9 Absence of Certain Changes or Events 38 Section 5.10 Solvency; No Fraudulent Conveyance 38 Article VI Covenants and Other Matters Pending the Closing 38 Section 6.1 Operation of Business 38 Section 6.2 Access 40 Section 6.3 Cooperation; Consents and Approvals 41 Section 6.4 Insurance Policy 43 Section 6.5 Notice of Material Developments 44 Section 6.6 Exclusive Dealing 44 Section 6.7 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Solicitation 44 Section 6.8 Cooperation with Financing Efforts 30 Buyer Actions 45 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Meeting Conditions to Close 45 Section 6.10 Section 280G 45 Section 6.11 Financing Cooperation 45 Section 6.12 Financing 47 Section 6.13 Financing Statement Delivery 49 Section 6.14 Settlement of Springerville Action 50 Section 6.15 Acquisition of Assets 50 Section 6.16 Unison Mortgage 50 Article VII Conditions Precedent to the Obligation of Buyer 51 Section 7.1 Conditions to Each Party’s Obligation 33 Representations and Warranties 51 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s Covenants and Parent’s Obligation 33 Agreements 51 Section 7.3 Condition to Company’s Obligation 34 TERMINATIONGovernmental Requirements; AMENDMENT; WAIVER 34 Governmental Orders 51 Section 8.1 Termination 34 7.4 Deliveries at Closing 51 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 7.5 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required 52 Section 7.6 Financial Statement Deliveries 52 Article VIII Conditions Precedent to the Obligations of Seller 53 Section 8.1 Representations and Warranties 53 Section 8.2 Covenants and Agreements 53 Section 8.3 Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Requirements; Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice Orders 53 Section 8.4 Deliveries at Closing 53 Article IX Survival of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Representations and Warranties 54 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).9.1 Survival 54 Section 9.2 Sole Remedy 54
Appears in 1 contract
Sources: Purchase and Sale Agreement (Infrastructure & Energy Alternatives, Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence SALE OF TRANSFERRED BUSINESS ASSETS AND RELATED MATTERS 2 1.1 Sale of Transferred Business Assets 2 1.2 Excluded Assets 3 1.3 Purchase Price 3 1.4 Assumption of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Liabilities 4 1.5 Seller Business Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Entered Into or Identified after the Date of Committee Financial Advisor 17 Section 4.18 Section 203 this Agreement 5 1.6 Seller Holdback License 5 1.7 Delivery of the DGCL 17 Transferred Business Assets 6 1.8 Transaction Taxes 6 1.9 Allocation 6 1.10 Tax Withholding 7 1.11 Closing 7 2. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ THE SELLERS 7 2.1 Due Organization; Subsidiaries 7 2.2 Financial Statements; Absence of Liabilities 7 2.3 Title to Transferred Business Assets 8 2.4 Intellectual Property 9 2.5 Receivables 18 Section 5.1 Existence 2.6 Seller Business Contracts 19 2.7 Tax Matters 20 2.8 Legal Proceedings; Orders 20 2.9 Compliance with Legal Requirements 21 2.10 Licenses and Power 18 Section 5.2 AuthorizationPermits 22 2.11 Service Provider Matters 22 2.12 Authority; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Binding Nature of Agreements 23 2.13 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Contravention; Consents 23 2.14 Absence of Changes 24 2.15 Brokers 25 2.16 Governmental Grants 25 2.17 Customers 25 2.18 Full Disclosure 25 2.19 Acknowledgments 25 3. REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS 25 3.1 Organization 25 3.2 Authority 25 3.3 Binding Nature of Agreement 26 3.4 Non-Contravention; Consents 26 3.5 Legal Proceedings; Orders 26 3.6 Available Funds; Solvency 21 (Continued) 27 3.7 Acknowledgments 27 4. CERTAIN COVENANTS 21 Section 6.1 Conduct 27 4.1 Access and Investigation 27 4.2 Operation of Business 28 4.3 Filings, Notices and Consents 29 4.4 Notification 30 4.5 No Negotiation 31 4.6 Reasonable Efforts 31 4.7 Termination of the Company 21 Section Certain Contracts 31 4.8 Transferred Business Receivables 31 5. TREATMENT OF BUSINESS CONFIDENTIAL INFORMATION; RESTRICTIVE COVENANTS 32 5.1 Treatment of Business Confidential Information 32 5.2 Restrictive Covenants 33 5.3 Severability 34 6. CONDITIONS PRECEDENT TO THE PURCHASERS’ OBLIGATION TO CLOSE 34 6.1 Accuracy of Sellers’ Representations 34 6.2 Consents Performance of Sellers’ Obligations 34 6.3 No Material Adverse Effect 35 6.4 Governmental Authorizations 35 6.5 Customer-Related Conditions 35 6.6 Documents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section Evidence 35 6.7 Financing 28 Section No Legal Proceedings 37 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 No Prohibition 37 7. CONDITIONS PRECEDENT TO CONSUMMATION OF THE MERGER 33 Section SELLERS’ OBLIGATION TO CLOSE 37 7.1 Conditions to Each Party’s Obligation 33 Section Accuracy of Purchasers’ Representations 37 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s Performance of Purchasers’ Obligations 37 7.3 No Prohibition 38 7.4 Documents and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section Evidence 38 8. TERMINATION 38 8.1 Termination 34 Section Events 38 8.2 Termination Procedures 39 8.3 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension39 9. INDEMNIFICATION, ETC 39 9.1 Survival of Representations and Warranties 39 9.2 Indemnification by the Sellers 41 9.3 Indemnification by the Purchasers 42 9.4 Limitations and Other Terms of Indemnification Obligations 43 9.5 Defense of Third-Party Claims 45 9.6 Claim Procedure 46 9.7 Joint Action 48 9.8 Exclusive Remedy 49 10. MISCELLANEOUS PROVISIONS 49 10.1 Further Actions 49 10.2 Tax Cooperation; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival Allocation of Representations, Warranties Taxes 51 10.3 Liabilities 51 10.4 Publicity 52 10.5 Joint and Agreements 36 Section 9.2 Entire AgreementSeveral Liability of Sellers and Purchasers 52 10.6 Attorneys’ Fees 52 10.7 Notices 52 10.8 Headings 53 10.9 Counterparts and Exchanges by Facsimile or Electronic Delivery 53 10.10 Governing Law; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Venue 53 10.11 Successors and Assigns; Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 54 10.12 Remedies Cumulative; Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company 54 10.13 Waiver 55 10.14 Amendments 55 10.15 Severability 55 10.16 Entire Agreement 55 10.17 Disclosure Schedule Terms Section 55 10.18 Construction 56 Exhibit A Certain Definitions Exhibit B Form of Seller Holdback License Agreement Preamble Exhibit C Form of Transition Services Agreement Exhibit D Form of Retained IP License Agreement Schedule 1.1(b) Certain Transferred Business Day IP Schedule 1.1(c)(i)(A) Certain Transferred IP Contracts Schedule 1.1(c)(i)(B) Certain Transferred Customer Contracts Schedule 1.2 Certificate of Merger 1.3 Certificates 3.2(bExcluded Assets Schedule 1.4(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(aAssumed Business Contracts Schedule 5.2(c) Common Stock Recitals Company Preamble Company 10-K 4.8(aRetained Domains Schedule 6.6(e) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Certain Contract Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) THIS ASSET PURCHASE AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdingsis entered into as of November 5, LLC2015, a Delaware limited liability company (“Parent”), DFC Merger Corp.by and among: ADOBE SYSTEMS INCORPORATED, a Delaware corporation (“PurchaserAdobe”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇; ADOBE SOFTWARE TRADING COMPANY LIMITED, an individual Ireland limited liability company and wholly owned subsidiary of Adobe (“▇▇▇▇▇▇▇AILP”); ADOBE SYSTEMS SOFTWARE IRELAND LIMITED, an Ireland limited liability company and ▇▇▇▇ Food Companywholly owned subsidiary of Adobe (“ADIR”); COMSCORE, Inc.INC., a Delaware corporation (“comScore”); COMSCORE B.V., a Dutch private limited liability company (besloten vennootschap) and wholly owned subsidiary of comScore (“comScore-Netherlands”); and CS WORLDNET INTERNATIONAL C.V., a Dutch limited partnership and wholly owned subsidiary of comScore (“comScore-CI”). For purposes of this Agreement: (a) Adobe, AILP and ADIR are referred to collectively as the “CompanyPurchasers” and individually as a “Purchaser”); and (b) comScore, comScore-Netherlands and comScore-CI are referred to collectively as the “Sellers” and individually as a “Seller.” Certain capitalized terms used in this Agreement are defined in Exhibit A.
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 NonARTICLE I DEFINITIONS 1 SECTION 1.01. Defined Terms 1 SECTION 1.02. Classification of Loans and Borrowings 21 SECTION 1.03. Terms Generally 21 SECTION 1.04. Accounting Terms; GAAP 21 SECTION 1.05. Interest Rates; LIBOR Notification 22 SECTION 1.06. Divisions 22 ARTICLE II THE CREDITS 23 SECTION 2.01. Commitments 23 SECTION 2.02. Loans and Borrowings 23 SECTION 2.03. Borrowing Procedures; Requests for Borrowings 23 SECTION 2.04. Letters of Credit 24 SECTION 2.05. Funding of Borrowings 27 SECTION 2.06. Interest Elections 28 SECTION 2.07. Termination and Reduction of Commitment 29 SECTION 2.08. Repayment and Amortization of Loans; Evidence of Debt 29 SECTION 2.09. Prepayment of Loans 30 SECTION 2.10. Fees 31 SECTION 2.11. Interest 31 SECTION 2.12. Alternate Rate of Interest; Illegality 32 SECTION 2.13. Increased Costs 34 SECTION 2.14. Break Funding Payments 35 SECTION 2.15. Taxes 35 SECTION 2.16. Payments Generally; Allocation of Proceeds 39 SECTION 2.17. Indemnity for Returned Payments 40 ARTICLE III REPRESENTATIONS AND WARRANTIES 40 SECTION 3.01. Organization; Powers 40 SECTION 3.02. Authorization; Enforceability 40 SECTION 3.03. Governmental Approvals; No Conflicts 40 SECTION 3.04. Financial Condition; No Material Adverse Change 41 SECTION 3.05. Properties 41 SECTION 3.06. Litigation and Environmental Matters 41 SECTION 3.07. Compliance with Laws and Agreements; No Default 42 SECTION 3.08. Investment Company Status 42 SECTION 3.09. Taxes 42 SECTION 3.10. ERISA 42 SECTION 3.11. Disclosure 42 SECTION 3.12. Material Agreements 43 SECTION 3.13. Solvency 43 SECTION 3.14. Insurance 43 SECTION 3.15. Capitalization and Subsidiaries 43 SECTION 3.16. Employment Matters 43 SECTION 3.17. Federal Reserve Regulations 44 SECTION 3.18. Use of Proceeds 44 SECTION 3.19. No Burdensome Restrictions 44 SECTION 3.20. Anti-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Corruption Laws and Sanctions 44 SECTION 3.21. Plan Assets; Prohibited Transactions 44 ARTICLE IV CONDITIONS 44 SECTION 4.01. Effective Date 44 SECTION 4.02. Each Credit Event 46 ARTICLE V AFFIRMATIVE COVENANTS 47 SECTION 5.01. Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Other Information 47 SECTION 5.02. Notices of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Material Events 49 SECTION 5.03. Existence; Conduct of Business 49 SECTION 5.04. Payment of Obligations 50 SECTION 5.05. Maintenance of Properties 50 SECTION 5.06. Books and Records; Inspection Rights 50 SECTION 5.07. Compliance with LawsLaws and Material Contractual Obligations 50 SECTION 5.08. Use of Proceeds 51 SECTION 5.09. Accuracy of Information 51 SECTION 5.10. Insurance 51 SECTION 5.11. Material Licenses and Permits 52 SECTION 5.12. Depository Banks 52 SECTION 5.13. Further Assurances 52 ARTICLE VI NEGATIVE COVENANTS 52 SECTION 6.01. Indebtedness 52 SECTION 6.02. Liens 54 SECTION 6.03. Fundamental Changes 56 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 56 SECTION 6.05. Asset Sales 57 SECTION 6.06. Sale and Leaseback Transactions 59 SECTION 6.07. Swap Agreements 59 SECTION 6.08. Restricted Payments 60 SECTION 6.09. Transactions with Affiliates 60 SECTION 6.10. Restrictive Agreements 60 SECTION 6.11. Amendment of Material Documents 61 SECTION 6.12. Financial Covenants 61 ARTICLE VII EVENTS OF DEFAULT 61 ARTICLE VIII MISCELLANEOUS 64 SECTION 8.01. Notices 64 SECTION 8.02. Waivers; LicensesAmendments 66 SECTION 8.03. Expenses; Indemnity; Damage Waiver 66 SECTION 8.04. Successors and Assigns 67 SECTION 8.05. Survival 68 SECTION 8.06. Counterparts; Integration; Effectiveness 69 SECTION 8.07. Severability 70 SECTION 8.08. Right of Setoff 70 SECTION 8.09. Governing Law; Jurisdiction; Consent to Service of Process 70 SECTION 8.10. WAIVER OF JURY TRIAL 71 SECTION 8.11. Headings 73 SECTION 8.12. Confidentiality 73 SECTION 8.13. Nonreliance; Violation of Law 73 SECTION 8.14. USA PATRIOT Act 74 SECTION 8.15. Disclosure 74 SECTION 8.16. Interest Rate Limitation 74 SECTION 8.17. No Fiduciary Duty, Permits etc 74 SECTION 8.18. Marketing Consent 75 SECTION 8.19. Acknowledgment Regarding Any Supported QFCs 75 Schedule 3.06 – Disclosed Matters Schedule 3.12 – Material Agreements Schedule 3.15 – Capitalization and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments Schedule 6.10 – Existing Restrictions Exhibit A - Borrowing Request Exhibit B - Compliance Certificate CREDIT AGREEMENT dated as of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENTApril 23, PURCHASER AND ▇▇▇2021 (as it may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) between SAN ▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇WATER COMPANY, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”)Borrower, and ▇▇▇▇ Food CompanyJPMORGAN CHASE BANK, Inc.N.A., a Delaware corporation (the “Company”).as Lender. The parties hereto agree as follows:
Appears in 1 contract
Sources: Credit Agreement (SJW Group)
TABLE OF CONTENTS. (Continued) Article 1 PURCHASE AND SALE 1 Section 4.4 Non1.1 Purchase and Sale 1 Section 1.2 Certain Definitions 1 Section 1.3 Excluded Assets 21 Article 2 PURCHASE PRICE 21 Section 2.1 Purchase Price 21 Section 2.2 Allocation of Purchase Price 22 Section 2.3 Adjustments to Cash Purchase Price 22 Section 2.4 Closing Cash Payment and Post-Contravention 11 Closing Purchase Price Adjustments 23 Article 3 REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND SELLERS 25 Section 4.5 Capitalization 12 3.1 Sellers 25 Section 4.6 3.2 The Company 26 Section 3.3 Subsidiaries 12 28 Section 4.7 Past SEC Documents 13 3.4 Financial Statements 29 Section 4.8 Financial Statements; Liabilities 14 3.5 Labor Matters and Employee Benefits 30 Section 4.9 Disclosure Statements 14 3.6 Litigation 31 Section 4.10 3.7 Taxes 32 Section 3.8 Environmental Laws 33 Section 3.9 Compliance with Laws 34 Section 3.10 Company Contracts 34 Section 3.11 Consents and Preferential Purchase Rights 34 Section 3.12 Liability for Brokers’ Fees 35 Section 3.13 Outstanding Capital Commitments 35 Section 3.14 Absence of Certain Changes 15 35 Section 4.11 Litigation 15 3.15 Governmental Authorizations 35 Section 4.12 Taxes 15 3.16 Assets of the E&P Business 35 Section 4.13 Compliance with Laws; Licenses, Permits 3.17 Insurance 36 Section 3.18 Absence of Undisclosed Liabilities 36 Section 3.19 Payout Balances and Registrations 16 Take or Pay 36 Section 4.14 Contracts 16 3.20 Non-Consent 36 Section 4.15 3.21 ▇▇▇▇▇ 37 Section 3.22 Imbalances 37 Section 3.23 Royalties 37 Section 3.24 Leases 37 Section 3.25 Surface Restrictions 37 Section 3.26 Operations of Company Properties 38 Section 3.27 Bankruptcy 38 Section 3.28 Bank Accounts 38 Section 3.29 Intellectual Property 17 38 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 3.30 Limitations 39 Article 4 REPRESENTATIONS AND WARRANTIES OF PARENTPURCHASER 41 Section 4.1 Existence and Qualification 41 Section 4.2 Power 41 Section 4.3 Authorization and Enforceability 41 Section 4.4 No Conflicts 41 Section 4.5 Consents, PURCHASER AND ▇Approvals or Waivers 42 Section 4.6 Litigation 42 Section 4.7 Financing 42 Section 4.8 Investment Intent 42 Section 4.9 Independent Investigation 42 Section 4.10 Liability for Brokers’ Fees 43 Section 4.11 Qualification 43 Section 4.12 Issuance of Ultimate Parent Shares 43 Section 4.13 SEC Reports 43 Section 4.14 No Registration 43 Section 4.15 Investment Company 44 Section 4.16 NYSE Listing 44 Section 4.17 Form S-3 Eligibility 44 Article 5 COVENANTS OF THE PARTIES 44 Section 5.1 Press Releases 44 Section 5.2 Operation of Business 44 Section 5.3 Conduct of the Company Parties 48 Section 5.4 Indemnity Regarding Access 51 Section 5.5 Commercially Reasonable Efforts; Further Action 51 Section 5.6 Intercompany Indebtedness 51 Section 5.7 Third Person Indebtedness 51 Section 5.8 ▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 52 Section 5.9 Financing 20 Further Assurances 52 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Transition Services 52 Section 5.11 Replacement of Bonds, Letters of Credit and Guarantees 52 Section 5.12 Certain Affiliate Agreements 53 Section 5.13 Preference Rights; Consents 53 Section 5.14 Directors’ and Officers’ Indemnification and Insurance 54 Section 5.15 Additional Acreage 54 Section 5.16 Employee and Benefit Plan Matters 55 Section 5.17 Confidentiality 56 Section 5.18 Casualty and Condemnation 56 Section 5.19 Suspended Funds 56 Section 5.20 Updated Schedules 57 Section 5.21 Ultimate Parent Shares 57 Section 5.22 Revised Assignment 57 Article 6 EXAMINATION OF TITLE AND PROPERTIES 58 Section 6.1 Conduct of Business of the Company 21 Access 58 Section 6.2 Consents and Filings 22 Environmental Property Inspection 59 Section 6.3 Indemnification; Insurance 23 Exclusive Remedy 60 Section 6.4 Other Proposals 24 Notice of Title Defects and Title Benefits; Remedies 61 Section 6.5 Public Announcements 27 Title Defect Amount; Title Benefit Amount 64 Section 6.6 Employee Benefits 27 Notice of Environmental Defects; Remedies 67 Section 6.7 Financing 28 Title and Environmental Dispute Resolution 68 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 Special Warranty 68 Article 7 CONDITIONS TO CONSUMMATION OF THE MERGER 33 CLOSING 69 Section 7.1 Conditions of Sellers to Each Party’s Obligation 33 Closing 69 Section 7.2 Condition Conditions of Purchaser to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Closing 70 Article 8 CLOSING 71 Section 8.1 Termination 34 Time and Place of Closing 71 Section 8.2 Effect Obligations of Termination 35 Sellers at Closing 71 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Obligations of Purchaser at Closing 73 Article 9 TAX MATTERS 74 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Liability for Taxes 74 Section 9.2 Entire Agreement; Assignment 36 Preparation and Filing of Tax Returns 75 Section 9.3 Severability 37 Tax Sharing Agreement 76 Section 9.4 Notices 37 Access to Information 77 Section 9.5 Governing Law 38 Contest Provisions 77 Section 9.6 Submission to Jurisdiction 38 (Continued) Post-Closing Actions Which Affect Sellers’ Tax Liability 79 Section 9.7 Descriptive Headings 39 Refunds 79 Section 9.8 Parties in Interest 39 Cooperation 79 Section 9.9 Counterparts 39 Section 754 Election 80 Section 9.10 Expenses 39 Like-Kind Exchange 80 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability Conversion of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble NoEnergy GP 80 Article 10 TERMINATION AND AMENDMENT 80 Section 10.1 Termination 80 Section 10.2 Effect of Termination 81 Article 11 INDEMNIFICATION; LIMITATIONS 81 Section 11.1 Indemnification 81 Section 11.2 Indemnification Actions 85 Section 11.3 Limitation on Actions 87 Section 11.4 Escrow Claims 89 Article 12 MISCELLANEOUS 90 Section 12.1 Counterparts 90 Section 12.2 Notices 90 Section 12.3 Sales or Use Tax, Recording Fees and Similar Taxes and Fees 92 Section 12.4 Expenses 92 Section 12.5 Company Records 92 Section 12.6 Name Change 93 Section 12.7 Governing Law 93 Section 12.8 Dispute Resolution 93 Section 12.9 Captions 94 Section 12.10 Waivers 94 Section 12.11 Assignment 94 Section 12.12 Entire Agreement 94 Section 12.13 Amendment 94 Section 12.14 No Third-Shop Period Start Date 6.4(a) Notice Person Beneficiaries 95 Section 12.15 Headings 95 Section 12.16 References 95 Section 12.17 Construction 95 Section 12.18 Limitation on Damages 95 Section 12.19 Specific Performance 96 Section 12.20 Time of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as Essence 96 Exhibit A [Reserved] Exhibit B Form of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, Assignment of Acquired Interests Exhibit C Title/Environmental Disputes Exhibit D [Reserved] Exhibit E Form of Escrow Agreement Exhibit F Form of Registration Rights Agreement Exhibit G Form of Revised Assignment Annex 1 Leases Annex 2 ▇▇▇▇▇ ▇. Annex 3 Allocated Value Part A ▇▇▇▇▇▇▇, an individual (“▇ Part B Meramec Leases Part C Woodford Leases Schedule 1.2(o) Company Records Schedule 1.2(bb) Effective Time Net Working Capital Schedule 1.2(nn) Farmout Agreements Schedule 1.2(mmm) Permitted Encumbrances Schedule 1.3 Excluded Assets Schedule 3.2(d) Change of Control Schedule 3.3(a) Subsidiaries Schedule 3.3(d) Equity Interests Schedule 3.3(f) Other Subsidiaries Schedule 3.5(b)(i) Employee Plans Contributed to by Sellers Schedule 3.5(b)(ii) Employee Plans Maintained by the Company Schedule 3.5(b)(vi) Employee Plan Contributions Schedule 3.5(c) List of Business Employees and Business Contractors Schedule 3.6 Litigation Schedule 3.7 Tax Disclosure Schedule 3.8 Environmental Disclosure Schedule 3.10 Company Contracts Disclosure Schedule 3.11 Preference Rights; Consents Schedule 3.13 Capital Commitment Disclosure Schedule 3.14 Absence of Certain Changes Disclosure Schedule 3.16 Assets of the E&P Business Disclosure Schedule 3.17 Insurance Schedule 3.18 Undisclosed Liabilities Schedule 3.19 Take or Pay Schedule 3.21 ▇▇▇▇▇ Schedule 3.22 Imbalances Schedule 3.23 Royalties; Production Proceeds Schedule 3.24 Lease Disclosure Schedule 3.25 Surface Restrictions Schedule 3.26 Operator of Company ▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (Schedule 3.28 Bank Accounts Schedule 3.29 Intellectual Property Schedule 3.30(c) Knowledge Schedule 5.2 Capital Expenditure Plans Schedule 5.3 Conduct of the “Company”).Company Parties Schedule 5.11 Guarantees to be Replaced Schedule 5.12(a) Terminating Agreements Schedule 5.12(b) Surviving Intercompany Agreements Schedule 5.15(a) Additional Acreage Schedule 5.15(b) Premium for Acquisition of New Interests Schedule 6.5(a)(iv) Title Defect – Lease Burdens Schedule 11.1(b)(iii)(D) Exceptions to Retained Liabilities
Appears in 1 contract
Sources: Purchase and Sale Agreement (EnCap Energy Capital Fund X, L.P.)
TABLE OF CONTENTS. (Continued) 4895-2136-9357 v.12 Section 4.4 Non-Contravention 11 2.01 Purchase 31 Section 4.5 Capitalization 12 2.02 Payments by the Company 31 Section 4.6 Subsidiaries 12 2.03 Effective Date; Effective Date Deliveries; Payment of Purchase Price; Payments by the Company 32 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 2.04 No Assumed Obligations 34 Article III REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 THE COMPANY 34 Section 5.1 Existence and Power 18 3.01 Organization 34 Section 5.2 Authorization; Approvals 18 3.02 Authorization 35 Section 5.3 3.03 Governmental Authorization 19 35 Section 5.4 Non3.04 Ownership 35 Section 3.05 Financial Statements; Material Adverse Change 36 Section 3.06 No Undisclosed Liabilities 36 Section 3.07 Solvency 36 Section 3.08 Litigation 36 Section 3.09 Compliance with Laws 36 Section 3.10 Conflicts 37 Section 3.11 Subordination 38 Section 3.12 Intellectual Property 38 Section 3.13 Regulatory Approval 40 Section 3.14 Material Contracts 41 Section 3.15 Broker’s Fees 42 Section 3.16 Pension Matters 42 Section 3.17 Indebtedness and Liens 42 Section 3.18 Compliance of the Product 42 Section 3.19 Data Privacy 45 Section 3.20 Taxes 45 Section 3.21 Full Disclosure 45 Section 3.22 OFAC; Anti-Contravention 19 Terrorism Laws 45 Section 5.5 3.23 Anti-Corruption 46 Article IV REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS 46 Section 4.01 Organization 46 Section 4.02 Authorization 46 Section 4.03 Broker’s Fees 46 Section 4.04 Conflicts 47 Article V COVENANTS 47 Section 5.01 Access; Information in Securities Filings 19 47 4895-2136-9357 v.12 Section 5.6 Purchaser’s Operations 19 5.02 Material Contracts 49 Section 5.7 Vote Required 20 5.03 Public Announcement 49 Section 5.8 Finders’ Fees 20 5.04 Efforts; Further Assurance 50 Section 5.9 Financing 20 5.05 Put Option; Call Option 50 Section 5.06 Intellectual Property 52 Section 5.07 Protective Covenants 53 Section 5.08 Notice 54 Section 5.09 Use of Proceeds 55 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Taxes 55 Section 6.1 Conduct 5.11 Compliance with Laws and Other Obligations 57 Section 5.12 Maintenance of Business Properties, Etc. 57 Section 5.13 Licenses 57 Section 5.14 Maintenance of Regulatory Approvals, Contracts, Etc 57 Section 5.15 ERISA Compliance 58 Section 5.16 Commercialization of the Company 21 Product 58 Section 6.2 Consents and Filings 22 5.17 Payment of Obligations 59 Article VI TERMINATION 59 Section 6.3 Indemnification; Insurance 23 6.01 Termination Date 59 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 6.02 Effect of Termination 35 59 Article VII MISCELLANEOUS 60 Section 8.3 Amendment 35 7.01 Survival 60 Section 8.4 Extension7.02 Limitations on Damages 60 Section 7.03 Notices 60 Section 7.04 Successors and Assigns 61 Section 7.05 Indemnification 61 Section 7.06 No Implied Representations and Warranties 63 Section 7.07 Independent Nature of Relationship 64 Section 7.08 Tax Treatment 64 Section 7.09 Entire Agreement 65 Section 7.10 Amendments; No Waivers 65 Section 7.11 Interpretation 65 Section 7.12 Headings and Captions 65 Section 7.13 Counterparts; Effectiveness 66 Section 7.14 Severability 66 Section 7.15 Expenses 66 Section 7.16 Governing Law; Jurisdiction 66 Section 7.17 Waiver 35 MISCELLANEOUS 36 of Jury Trial 66 Section 9.1 Nonsurvival 7.18 Release of Representations, Warranties Liens upon Certain Permitted Financings; Non-Disturbance; Intercreditor. 67 Section 7.19 Confidentiality 67 Article VIII THE ADMINISTRATIVE AGENT 68 Section 8.01 Appointments and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10Duties 68 4895-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No2136-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).9357 v.12
Appears in 1 contract
Sources: Revenue Interest Financing Agreement (Impel Pharmaceuticals Inc)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-DEFINITIONS AND ACCOUNTING TERMS 1 1.01 Defined Terms 1 1.02 Other Interpretive Provisions 21 1.03 Accounting Terms 21 1.04 Rounding 22 1.05 Times of Day 22 1.06 Divisions 22 1.08 Amendment and Restatement of the Existing Credit Agreement 22 ARTICLE II THE LOAN 23 2.01 Advances 23 2.02 Borrowing of the Advances 23 2.03 Prepayments; Cash Distributions 23 2.04 Release of Proceeds of Funding Trust Loans 24 2.05 Repayment of the Loan 25 2.06 Interest 26 2.07 Upfront Fee 26 2.08 Computation of Interest and Fees 26 2.09 Evidence of Debt 27 2.10 Payments Generally 27 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 27 3.01 Taxes 27 3.02 Illegality 30 3.03 Market Disruption and Alternate Rate of Interest 30 3.04 Increased Costs 30 3.05 Mitigation of Obligations 31 3.06 Survival 31 ARTICLE IV CONDITIONS PRECEDENT TO BORROWINGS 31 4.01 Conditions to Effectiveness of the Original Credit Agreement 31 4.02 Conditions to Effectiveness of the Second Amended and Restated Credit Agreement 32 4.03 Conditions to Each Advance 33 ARTICLE V REPRESENTATIONS AND WARRANTIES 34 5.01 Existence, Qualification and Power 34 5.02 Authorization; No Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 34 5.03 Governmental Authorization; Other Consents 34 5.04 Binding Effect 34 5.05 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 34 5.06 Litigation 35 5.07 No Default 35 5.08 Ownership of Property; Liens 35 5.09 Taxes 35 5.10 ERISA Compliance 35 5.11 Margin Regulations; Investment Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Act 35 5.12 Disclosure 36 5.13 Compliance with Laws 36 5.14 Solvency 36 5.15 Anti-Corruption Laws and Sanctions 36 5.16 Second Lien Loan Documents 37 ARTICLE VI AFFIRMATIVE COVENANTS 37 6.01 Financial Statements 37 6.02 Certificates; Other Information 38 6.03 Notices 38 6.04 Payment of Taxes 38 6.05 Preservation of Existence, Etc. 39 6.06 Maintenance of Properties 39 6.07 Compliance with Laws 39 6.08 Books and Records 39 6.09 Inspection Rights 39 6.10 Use of Proceeds 39 6.11 Security Interests; Further Assurances 40 6.12 GWG Assumption 40 ARTICLE VII NEGATIVE COVENANTS 42 7.01 Liens 43 7.02 Beneficient Transactions 43 7.03 Indebtedness 43 7.04 Fundamental Changes 44 7.05 Dispositions 45 7.06 Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Payments 45 7.07 Transactions with Affiliates 45 7.08 Burdensome Agreements 45 7.09 Sanctions 45 7.10 Securities 45 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 46 8.01 Events of Default 46 8.02 Remedies Upon Event of Default 49 8.03 Application of Funds 49 ARTICLE IX MISCELLANEOUS 49 9.01 Amendments, Etc. 49 9.02 Notices; Effectiveness; Electronic Communications 50 9.03 No Waiver; Cumulative Remedies; Enforcement 51 9.04 Expenses; Indemnity; Damage Waiver 51 9.05 Payments Set Aside 52 9.06 Successors and Assigns 52 9.07 Treatment of Certain Information; Confidentiality 54 9.08 Right of Setoff 55 9.09 Interest Rate Limitation 55 9.10 Counterparts; Integration; Effectiveness 55 9.11 Survival of Representations and Warranties 55 9.12 Severability 56 9.13 [Reserved] 56 9.14 Governing Law; Jurisdiction; Etc. 56 9.15 Waiver of Jury Trial 57 9.16 No Advisory or Fiduciary Responsibility 57 9.17 Electronic Execution of Assignments and Certain Other Documents 58 9.18 USA PATRIOT Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).58 APPENDIX 1 Eligible Underlying Investment Criteria SCHEDULES
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence ARTICLE 1 INTERPRETATION 1 1.1 Definitions 1 1.2 Interpretation Not Affected by Headings, etc. 16 1.3 Article References 16 1.4 Number and Gender 16 1.5 Date for Any Action 16 1.6 Time References 16 1.7 Entire Agreement 16 1.8 Statute and Agreement References 17 1.9 Schedules 17 1.10 Currency 17 1.11 Accounting Matters 17 1.12 Interpretation Not Affected by Party Drafting 17 1.13 Knowledge 17 ARTICLE 2 THE ARRANGEMENT 18 2.1 Plan of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Arrangement 18 2.2 Recommendation of the DGCL 17 Company Board 18 2.3 Interim Order 19 2.4 Information Circular and Company Meeting 20 2.5 Preparation of Filings 23 2.6 Employee Obligations and Employment-Related Covenants 24 2.7 Treatment of Company Options and Company Restricted Awards 26 2.8 Final Order 26 2.9 Dissenting Shareholders 27 2.10 Payment of Consideration 27 2.11 Company Withholdings 27 2.12 Company Voting Support Agreements 27 ARTICLE 3 COVENANTS 28 3.1 Covenants of Purchaser 28 3.2 Additional Covenants of Purchaser 30 3.3 Covenants of Company 30 3.4 Mutual Covenants Regarding the Arrangement 39 3.5 Regulatory Approvals (Including Competition Act Clearance) 40 3.6 Provision of Information and Integration of Operations 41 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 42 4.1 Representations and Warranties of Purchaser 42 4.2 Representations and Warranties of Company 43 4.3 Privacy Issues 43 ARTICLE 5 CONDITIONS PRECEDENT 44 5.1 Existence and Power 18 Section Mutual Conditions Precedent 44 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Additional Conditions to Each Party’s Obligation 33 Section 7.2 Condition Obligations of Purchaser 45 5.3 Additional Conditions to ▇▇▇▇▇▇▇’▇, Purchaser’s Obligations of Company 47 5.4 Notice and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival Failure to Comply with Conditions 48 5.5 Satisfaction of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Conditions 48
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TABLE OF CONTENTS. (Continued) Accounting and Records to the Certificateholders, the Internal Revenue Service and Others 34 Section 4.4 5.2 Signature on Returns; Partnership Representative 34 Article VI Authority and Duties of Owner Trustee 35 Section 6.1 General Authority 35 Section 6.2 General Duties 36 Section 6.3 Action upon Instruction 36 Section 6.4 No Duties Except as Specified in this Agreement or in Instructions 38 Section 6.5 No Action Except under Specified Documents or Instructions 39 Section 6.6 Restrictions 39 Article VII Concerning the Owner Trustee 39 Section 7.1 Acceptance of Trusts and Duties 39 Section 7.2 Furnishing of Documents 42 Section 7.3 Representations and Warranties 42 Section 7.4 Reliance; Advice of Counsel 48 Section 7.5 Not Acting in Individual Capacity 43 Section 7.6 Owner Trustee Not Liable for Certificates or Loans 44 Section 7.7 Owner Trustee May Own Certificates and Notes 44 Section 7.8 Payments from Trust Property 44 Section 7.9 Doing Business in Other Jurisdictions 45 Section 7.10 Owner Trustee Knowledge 45 Article VIII Compensation of Owner Trustee 46 Section 8.1 Owner Trustee’s Fees and Expenses 46 Section 8.2 Indemnification 46 Section 8.3 Payments to the Owner Trustee 47 Section 8.4 Non-Contravention 11 Recourse Obligations 48 Article IX Termination of Trust Agreement 48 Section 4.5 Capitalization 12 9.1 Termination of Trust Agreement 48 Article X Successor Owner Trustees and Additional Owner Trustees 50 Section 4.6 Subsidiaries 12 10.1 Eligibility Requirements for Owner Trustee 50 Section 4.7 Past SEC Documents 13 10.2 Resignation or Removal of Owner Trustee 50 Section 4.8 Financial Statements; Liabilities 14 10.3 Successor Owner Trustee 51 Section 4.9 Disclosure Statements 14 10.4 Merger or Consolidation of Owner Trustee 52 Section 4.10 Absence 10.5 Appointment of Co-Owner Trustee or Separate Owner Trustee 52 Article XI Miscellaneous 53 Section 11.1 Supplements and Amendments 53 Section 11.2 Limitations on Rights of Others 55 Section 11.3 Notices 55 Section 11.4 Severability 55 Section 11.5 Separate Counterparts 56 Section 11.6 Assignments 56 Section 11.7 No Petition 56 Section 11.8 No Recourse 56 Section 11.9 Certain Changes 15 Damages. 56 Section 4.11 Litigation 15 11.10 Headings 57 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT11.11 GOVERNING LAW; WAIVER 34 OF JURY TRIAL 57 Section 8.1 Termination 34 11.12 Servicer as Administrator 57 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations11.13 PATRIOT Act 57 This AMENDED AND RESTATED TRUST AGREEMENT, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11February 21, 2013 (“Agreement”) 2019, among DFC Holdings, LLCCREDIT ACCEPTANCE FUNDING LLC 2019-1, a Delaware limited liability company (formerly known as Credit Acceptance Funding LLC 2018-4), as sponsor and seller (the “ParentSeller”), DFC Merger Corp.each of the initial members of the Board of Trustees of the Trust, as Regular Trustees, and U.S. BANK TRUST NATIONAL ASSOCIATION, a Delaware corporation national banking association, as Owner Trustee (“Purchaser”)solely in such capacity and not in its individual capacity, whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “CompanyOwner Trustee”).
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements Page 1. Purchase and Sale of 1 1.1 Sale and Issuance of 1 1.2 Closing; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Delivery 1 1.3 Use of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Proceeds 2 1.4 Defined Terms Used in this Agreement 3 2. Representations and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business Warranties of the Company 21 Section 6.2 5 2.1 Organization, Good Standing, Corporate Power and Qualification 5 2.2 Capitalization 6 2.3 Subsidiar 6 2.4 Authorization 7 2.5 Valid Issuance of Securities 7 2.6 Governmental Consents and Filings 7 2.7 Litigation 7 2.8 Intellectual Property 8 2.9 Compliance with Other Instruments 10 2.10 Agreements; Actions 11 2.11 Certain Transactions 11 2.12 Rights of Registration and Voting Rights 11 2.13 Property 11 2.14 Financial Statements 12 2.15 Employee Matters 14 2.16 Tax Returns and Payments 14 2.17 Insurance 15 2.18 Employee Agreements 15 2.19 Permits 15 2.20 Corporate Documents 15 2.21 Environmental and Safety Laws 15 2.23 Health Canada and FDA 16 2.29 Data Privacy 18 2.33 Disclosure 19 3. Representations and Warranties of the Purchasers 19 3.1 Authorization 19 3.2 Purchase Entirely for Own Account 19 3.3 Disclosure of Information 20 3.4 Information on Purchaser 20 3.5 High Risk and Speculative Investment 20 3.6 Restricted Securities 21 3.9 General Solicitation 21 3.10 For ERISA plans only 21 3.11 Disqualification 21 3.12 Best Interest Supplement 21 3.13 Legends 22 Section 6.3 Indemnification; Insurance 3.14 Foreign Investors 22 3.15 No General Solicitation 22 3.16 Exculpation Among Purchasers 22 3.17 Residence and Location 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 4. Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s the Purchasers’ Obligations at Closing 23 4.1 Representations and Parent’s Obligation 33 Section Warranties 23 4.2 Performance 23 4.3 Compliance Certificate 23 4.4 Qualifications 23 4.5 Certain Transaction Agreement 23 4.8 Proceedings and Documents 24 5.1 Representations and Warranties 24 5.2 Performance 24 5.3 Qualifications 24 5.4 Registration Rights Agreement 24 6. Intentionally Omitted 24 7. Miscellaneous 24 7.1 Survival of Warranties 24 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties Successors and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Assigns 25 7.4 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 25 7.5 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 25 7.6 Titles and Subtitles 25 7.7 Notices 26 7.8 Amendments and Waivers 26 7.9 Attorneys’ Fees 26 7.13 Severability 26 7.14 Delays or Omissions 26 7.15 Entire Agreement 26 7.16 No Liability Commitment for Additional Financing 27 Exhibit A – Form of Financing Sources 42 Exhibits: Warrant Exhibit A: Certificate B – Schedule of Incorporation of Surviving Corporation Schedules: Company Purchasers Exhibit C – Disclosure Schedule Terms Section Exhibit D – Private Placement Memorandum Exhibit E – Investor Questionnaire Exhibit F – Investor Presentation Exhibit G – Unaudited Financial Statements Other Annexes to the Private Placement Memorandum referenced herein Annex C Registration Rights Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Annex E Risk Factors This Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 Purchase Agreement (this “Agreement”) is made as of the date last provided on the signature pages hereof by and among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, ProMIS Neurosciences Inc., a Delaware corporation incorporated under the Canada Business Corporations Act (the “Company”)., and those parties listed on the Schedule of Purchasers attached to this Agreement (each a “Purchaser” and together the “Purchasers”).
Appears in 1 contract
Sources: Unit Purchase Agreement (ProMIS Neurosciences Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial StatementsSECTION 1 DEFINITIONS 5 1.1 Defined Terms 5 1.2 Other Definitional Provisions 21 1.3 Accounting Terms 21 1.4 Exchange Rates; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Currency Equivalents 22 1.5 Computation of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Dollar Amounts 22 SECTION 2 AMOUNT AND TERMS OF COMMITMENTS 22 2.1 Commitments 22 2.2 Revolving Credit Notes 23 2.3 Procedure for Borrowing 23 2.4 Fees 24 2.5 Termination or Reduction of Commitments 25 2.6 Prepayments 25 2.7 Conversion and Continuation Options 26 2.8 Minimum Amounts of Tranches 27 2.9 Interest Rates and Payment Dates 27 2.10 Computation of Interest and Fees 28 2.11 Inability to Determine Interest Rate 29 2.12 Pro Rata Treatment and Payments 29 2.13 Illegality 32 2.14 Requirements of Law 33 2.15 Taxes 15 Section 4.13 Compliance with Laws34 2.16 Indemnity 35 2.17 Action of Affected Banks 36 2.18 Bid Loans 36 2.19 Swing Line Commitments 39 2.20 Increase of Commitments 42 2.21 Payment in Full at Maturity 43 2.22 Letter of Credit Subfacility 43 2.23 Indemnification; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Nature of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 Issuing Lender’s Duties 46 SECTION 3 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 48 3.1 Financial Condition 48 3.2 No Change 48 3.3 Corporate Existence; Compliance with Law 48 3.4 Corporate Power; Authorization; Approvals 18 Section Enforceable Obligations 48 3.5 No Legal Bar 49 3.6 No Material Litigation 49 3.7 No Default 49 3.8 Taxes 49 3.9 Federal Regulations 49 3.10 ERISA 50 3.11 Investment Company Act; Other Regulations 50 3.12 Purpose of Loans 50 3.13 Disclosure 50 3.14 Ranking 50 3.15 Compliance with OFAC, FCPA 50 SECTION 4 CONDITIONS PRECEDENT 51 4.1 Conditions to Effectiveness 51 4.2 Conditions to Each Loan 52 SECTION 5 AFFIRMATIVE COVENANTS 53 5.1 Financial Statements 53 5.2 Certificates; Other Information 54 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business and Maintenance of the Company 21 Section Existence 55 5.4 Inspection of Property; Books, Records and Discussions 55 5.5 Notices 55 SECTION 6 NEGATIVE COVENANTS 56 6.1 Limitation on Significant Subsidiary Indebtedness 56 6.2 Consents Limitation on Liens 56 6.3 Limitation on Sales and Filings 22 Section 6.3 Indemnification; Insurance 23 Section Leasebacks 58 6.4 Other Proposals 24 Section Limitations on Fundamental Changes 58 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION Limitations on Restrictions on Dividends 59 SECTION 7 EVENTS OF DEFAULT 59 SECTION 8 THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section ADMINISTRATIVE AGENT 62 8.1 Termination 34 Section Appointment 62 8.2 Effect Delegation of Termination 35 Section Duties 62 8.3 Amendment 35 Section Exculpatory Provisions 62 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Reliance by Administrative Agent 62 8.5 Notice of Board Action 6.4(c) Default 63 8.6 Non-Reliance on Administrative Agent and Other Banks 63 8.7 Indemnification 64 8.8 Administrative Agent in Its Individual Capacity 64 8.9 Successor Administrative Agent 64 8.10 Syndication Agent, etc. 65 SECTION 9 MISCELLANEOUS 65 9.1 Amendments and Waivers 65 9.2 Notices 66 9.3 No Waiver; Cumulative Remedies 67 9.4 Survival of Representations and Warranties 67 9.5 Payment of Expenses and Taxes 67 9.6 Successors and Assigns; Participations; Purchasing Banks 68 9.7 Adjustments; Set-off 72 9.8 Table of Contents and Section Headings 72 9.9 Confidentiality 73 9.10 Patriot Act Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent 73 9.11 Counterparts 73 9.12 Severability 73 9.13 Integration 74 9.14 GOVERNING LAW 74 9.15 Submission To Jurisdiction; Waivers 74 9.16 Acknowledgements 74 9.17 WAIVERS OF JURY TRIAL 75 9.18 Effectiveness 75 9.19 Judgment Currency 75 Schedule 1.1 Banks and Commitments Schedule 3.6 Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER Litigation Exhibit A Revolving Credit Note Exhibit B Borrowing Certificate Exhibit C Opinion of Counsel Exhibit D Commitment Transfer Supplement Exhibit E Bid Note Exhibit F Bid Quote Exhibit G Bid Loan Confirmation Exhibit H Bid Loan Request Exhibit I Form of Swing Line Note Exhibit J Form of Commitment Increase Supplement Exhibit K Form of Account Designation Letter CREDIT AGREEMENT, dated as of August 11October 24, 2013 (“Agreement”) 2005, among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc.FIRST DATA CORPORATION, a Delaware corporation (the “Company”), the several banks and other financial institutions from time to time parties to this Agreement (the “Banks”), WACHOVIA BANK, NATIONAL ASSOCIATION, in its capacity as the Swing Line Bank (in such capacity, together with its successors in such capacity, the “Swing Line Bank”), WACHOVIA BANK, NATIONAL ASSOCIATION AND ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, in their capacity as Issuing Lenders (in such capacity, together with their successors in such capacity, the “Issuing Lenders”), ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, as syndication agent (in such capacity, the “Syndication Agent”) and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent for the Banks hereunder (in such capacity, the “Administrative Agent”).
Appears in 1 contract
Sources: Credit Agreement (First Data Corp)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence DEFINITIONS AND ACCOUNTING TERMS 1 1.01 Defined Terms 1 1.02 Other Interpretive Provisions 28 1.03 Accounting Terms 29 1.04 Rounding 30 1.05 Times of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; LicensesDay 30 1.06 Letter of Credit Amounts 30 1.07 Rates 30 1.08 Limited Condition Transactions 30 ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS 31 2.01 Committed Loans 31 2.02 Borrowings, Permits Conversions and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Continuations of Committed Loans 31 2.03 [Reserved.] 33 2.04 Letters of Credit 33 2.05 Swing Line Loans 42 2.06 Prepayments 45 2.07 Termination or Reduction of Commitments 46 2.08 Repayment of Loans 47 2.09 Interest 47 2.10 Fees 48 2.11 Computation of Interest and Fees; Opinion Retroactive Adjustments of Committee Financial Advisor 17 Section 4.18 Section 203 Applicable Rate 48 2.12 Evidence of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇Debt 49 2.13 Payments Generally; Administrative Agent’s Clawback 49 2.14 Sharing of Payments by L▇▇▇▇▇▇ 18 Section 5.1 Existence 51 2.15 Extension of Maturity Date 52 2.16 Increase in Commitments 53 2.17 Cash Collateral 55 2.18 Defaulting Lenders 56 2.19 Joint and Several Liability of the Borrowers 58 2.20 Designation of the Parent as Agent for the Borrowers 58 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 59 3.01 Taxes 59 3.02 Illegality 63 3.03 Inability to Determine Rates 64 3.04 Increased Costs 66 3.05 Compensation for Losses 67 3.06 Mitigation Obligations; Replacement of Lenders 67 3.07 Survival 68 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 68 4.01 Conditions of Initial Credit Extension 68 4.02 Conditions to all Credit Extensions 70 ARTICLE V. REPRESENTATIONS AND WARRANTIES 70 5.01 Existence, Qualification and Power 18 Section 5.2 70 5.02 Authorization; Approvals 18 Section 5.3 No Contravention 70 5.03 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Authorization; Other Consents and Filings 22 Section 6.3 Indemnification71 5.04 Binding Effect 71 5.05 Financial Statements; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 71 5.06 Litigation 72 5.07 No Default 72 5.08 Ownership of Property; Liens 72 5.09 Environmental Compliance 72 5.10 Insurance 72 5.11 Taxes 72 5.12 ERISA Compliance 72 5.13 Subsidiaries; Equity Interests 73 5.14 Margin Regulations; Investment Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Act 74 5.15 Disclosure 74 5.16 Compliance with Laws 74 5.17 Taxpayer Identification Number 74 5.18 Intellectual Property; Licenses, Etc 74 5.19 Solvency 74 5.20 Affected Financial Institution 74 5.21 Sanctions Concerns and Anti-Corruption Laws 75 5.22 Covered Entities 75 5.23 Beneficial Ownership Certification 75 ARTICLE VI. AFFIRMATIVE COVENANTS 75 6.01 Financial Statements 75 6.02 Certificates; Other Information 76 6.03 Notices 78 6.04 Payment of Taxes 78 6.05 Preservation of Existence, Etc 79 6.06 Maintenance of Properties 79 6.07 Maintenance of Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 79 6.08 Compliance with Laws 79 6.09 Books and Records 79 6.10 Inspection Rights 79 6.11 Use of Proceeds 79 6.12 Additional Loan Parties 80 6.13 Compliance with Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening 80 6.14 Further Assurances 80 6.15 Compliance with Terms of Leaseholds 80 6.16 Material Contracts 81 6.17 Obligations to Rank Pari Passu 81 6.18 Anti-Corruption Laws; Sanctions 81 6.19 Keepwell 81 ARTICLE VII. NEGATIVE COVENANTS 81 7.01 Liens 81 7.02 Investments 83 7.03 Indebtedness 84 7.04 Fundamental Changes 86 7.05 Dispositions 86 7.06 Restricted Payments 87 7.07 Change in Nature of Business 87 7.08 Transactions with Affiliates 87 7.09 Burdensome Agreements 87 7.10 Use of Proceeds 88 7.11 Financial Covenants 88 7.12 Amendments of Organizational Documents 88 7.13 Accounting Changes 88 7.14 [Reserved] 88 7.15 Sanctions 88 7.16 Anti-Corruption Laws 89 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 89 8.01 Events of Default 89 8.02 Remedies Upon Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Default 91 8.03 Application of Funds 91 ARTICLE IX. ADMINISTRATIVE AGENT 92 9.01 Appointment and Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated 92 9.02 Rights as a Lender 92 9.03 Exculpatory Provisions 93 9.04 Reliance by Administrative Agent 94 9.05 Delegation of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Duties 94 9.06 Resignation or Removal of Administrative Agent 94
Appears in 1 contract
Sources: Credit Agreement (Unifirst Corp)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 8.9 ERISA 73 Section 4.5 Capitalization 12 8.10 Environmental Matters 73 Section 4.6 8.11 Subsidiaries 12 73 Section 4.7 Past SEC Documents 13 8.12 Most Favored Lender 73 Section 4.8 Financial Statements; Liabilities 14 8.13 PATRIOT Act Compliance 75 ARTICLE IX NEGATIVE COVENANTS 75 Section 4.9 Disclosure Statements 14 9.1 Merger 75 Section 4.10 Absence 9.2 Sale of Certain Changes 15 Assets 75 Section 4.11 Litigation 15 9.3 Plans 76 Section 4.12 Taxes 15 9.4 Change in Nature of Business 76 Section 4.13 Compliance with Laws; Licenses, Permits 9.5 Other Agreements 76 Section 9.6 Investments 76 Section 9.7 Use of Proceeds 77 Section 9.8 Secured Indebtedness 77 Section 9.9 Cash Flow Leverage Ratio 77 Section 9.10 Interest Coverage Ratio 78 Section 9.11 Material Subsidiaries 78 ARTICLE X EVENTS OF DEFAULT AND REMEDIES 78 Section 10.1 Events of Default 78 Section 10.2 Remedies 80 Section 10.3 Letters of Credit 80 Section 10.4 Security Agreement in Accounts and Registrations 16 Setoff 81 ARTICLE XI GUARANTY 81 Section 4.14 Contracts 16 11.1 Unconditional Guaranty 81 Section 4.15 Intellectual Property 17 11.2 Guaranty Absolute 81 Section 4.16 Required Vote 17 11.3 Waivers 82 Section 4.17 Finders’ Fees; Opinion 11.4 Subrogation 82 Section 11.5 Survival 83 ARTICLE XII THE AGENTS 83 Section 12.1 Appointment and Grant of Committee Financial Advisor 17 Authority 83 Section 4.18 12.2 Non Reliance on Agent 84 Section 203 12.3 Responsibility of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Agent and Other Matters 84 Section 5.1 Existence 12.4 Action on Instructions 85 Section 12.5 Indemnification 85 Section 12.6 U.S. Bank National Association and Power 18 Affiliates 85 Section 5.2 Authorization12.7 Notice to Holder of Notes 85 Section 12.8 Successor Agent 85 Section 12.9 Syndication Agent; Approvals 18 Co-Documentation Agents; Lead Arrangers 85 Section 5.3 Governmental Authorization 19 12.10 Certain ERISA Matters 86 ARTICLE XIII MISCELLANEOUS 87 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents 13.1 No Waiver and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).87
Appears in 1 contract
Sources: Credit Agreement (Graco Inc)
TABLE OF CONTENTS. (Continued) Section SECTION 1 DEFINITIONS 1 1.1 Definitions 1 1.2 Other Interpretive Provisions 17 1.3 Letter of Credit Amounts 18 SECTION 2 COMMITMENTS OF THE LENDERS; BORROWING, CONVERSION AND LETTER OF CREDIT PROCEDURES 18 2.1 Commitments 18 2.2 Loan Procedures 19 2.3 Letter of Credit Procedures 21 2.4 Certain Conditions 25 2.5 Defaulting Lenders 25 2.6 Increase in Commitments 26 SECTION 3 EVIDENCING OF LOANS 28 3.1 Notes 28 3.2 Recordkeeping 28 SECTION 4 INTEREST 28 4.1 Interest Rates 28 4.2 Interest Payment Dates 28 4.3 Setting and Notice of LIBOR Rates 28 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Computation of Interest 29 SECTION 5 FEES 29 5.1 Letter of Credit Fees 29 5.2 Other Fees 29 SECTION 6 REDUCTION OR TERMINATION OF THE REVOLVING COMMITMENT; PREPAYMENTS 30 6.1 Prepayments 30 6.2 Repayments and Terminations 30 6.3 Reduction of Aggregate Commitments 30 SECTION 7 MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES 31 7.1 Payments Generally; Agent’s Clawback 31 7.2 Sharing of Payments 32 7.3 Application of Certain Payments 33 7.4 Due Date Extension 33 7.5 Setoff 33 7.6 Taxes 34 SECTION 8 INCREASED COSTS; SPECIAL PROVISIONS FOR LIBOR LOANS 34 8.1 Increased Costs 34 8.2 Basis for Determining Interest Rate Inadequate or Unfair 35 8.3 Changes in Law Rendering LIBOR Loans Unlawful 35 8.4 Funding Losses 36 8.5 Right of the Lenders to Fund through Other Offices 36 8.6 Discretion of the Lenders as to Manner of Funding 36 8.7 Mitigation of Circumstances 36 8.8 Conclusiveness of Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Survival of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 Provisions 37 SECTION 9 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 37 9.1 Organization 37 9.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 NonNo Conflict 37 9.3 Validity and Binding Nature 37 9.4 Financial Condition 37 9.5 No Material Adverse Change 38 9.6 Litigation and Contingent Liabilities 38 9.7 Ownership of Properties; Liens 38 9.8 Equity Ownership; Subsidiaries 38 9.9 Pension Plans 38 9.10 Investment Company Act 39 9.11 Public Utility Holding Company Act 39 9.12 Margin Stock 39 9.13 Taxes; Tax Shelter Registration 39 9.14 Solvency, etc. 40 9.15 Environmental Matters 40 9.16 Insurance 40 9.17 Real Property 40 9.18 Information 41 9.19 Intellectual Property 41 9.20 Burdensome Obligations 41 9.21 Labor Matters 41 9.22 No Default 41 9.23 Accounts 41 9.24 Anti-Contravention 19 Section 5.5 Terrorism Law Compliance 41 9.25 Compliance with Laws 42 9.26 Hedging Agreements 42 9.27 Patriot Act 42 SECTION 10 AFFIRMATIVE COVENANTS 43 10.1 Reports, Certificates and Other Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct 43 10.2 Books, Records and Inspections 45 10.3 Maintenance of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 IndemnificationProperty; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).46
Appears in 1 contract
Sources: Credit Agreement (Winmark Corp)
TABLE OF CONTENTS. (Continued) Section 4.4 Definitions 1 1.1 Defined Terms 1 1.2 Additional Defined Terms 13 1.3 Other Definitional and Interpretive Matters 14 2. Purchase and Sale of the µWave Business 15 2.1 Purchase and Sale of Assets 15 2.2 Excluded Assets 16 2.3 Purchase Price 17 2.4 Assumed Liabilities 18 2.5 Excluded Liabilities 18 2.6 Further Assurances; Further Conveyances and Assumptions; Consent of Third Parties 20 2.7 Intellectual Property and Information 22 2.8 Bulk Sales Law 22 2.9 Taxes 22 2.10 Buyer Designee; Transaction in India 24 3. Representations and Warranties of Seller 25 3.1 Organization and Qualification 25 3.2 Subsidiaries 25 3.3 Authorization; Binding Effect 25 3.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Contravention; Consents 26 3.5 Purchased Assets 27 3.6 Governmental Permits 27 3.7 Real Estate and Environmental 28 3.8 Compliance With Laws 29 3.9 Litigation 30 3.10 Business Employees 31 3.11 Contracts 33 3.12 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 35 3.13 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion 35 3.14 µWave Product Liability and Recalls 39 3.15 µWave Product Warranty 40 3.16 Inventory 40 3.17 Customers and Suppliers 40 3.18 Restrictions on the µWave Business 41 3.19 Taxes 41 3.20 Brokers 42 3.21 OCS Compliance 42 3.22 No Other Representations or Warranties 43 4. Representations and Warranties of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence Buyer 43 4.1 Organization and Power 18 Section 5.2 Qualification 43 4.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Binding Effect 43 4.3 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Contravention; Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).44
Appears in 1 contract
TABLE OF CONTENTS. (Continued) ARTICLE I PURCHASE AND SALE 1 Section 4.4 Non-Contravention 11 1.2 Closing Date 2 Section 4.5 1.3 Purchase Price 2 Section 1.4 Closing Date Payment 2 Section 1.5 Transaction to be Effected at the Closing 2 Section 1.6 Net Working Capital Adjustment 3 ARTICLE II REPRESENTATIONS AND WARRANTIES OF SELLERS 5 Section 2.1 Authorization and Enforceability 5 Section 2.2 Conflicts; Consents of Third Parties 5 Section 2.3 Purchased Interests 5 Section 2.4 Brokers Fees 6 Section 2.5 Withholding 6 ARTICLE III REPRESENTATIONS AND WARRANTIES CONCERNING THE COMPANY 6 Section 3.1 Organization and Related Matters 6 Section 3.2 Books and Records 7 Section 3.3 Capitalization 12 7 Section 4.6 Subsidiaries 12 3.4 Conflicts; Consents of Third Parties 7 Section 4.7 Past SEC Documents 13 3.5 Financial Statements 8 Section 4.8 Financial Statements; 3.6 No Undisclosed Liabilities 14 8 Section 4.9 Disclosure Statements 14 Section 4.10 3.7 Absence of Certain Changes 15 Developments 8 Section 4.11 3.8 Taxes 10 Section 3.9 Real Property 12 Section 3.10 Tangible Personal Property; Title; Sufficiency of Assets 13 Section 3.11 Intellectual Property 13 Section 3.12 Contracts 14 Section 3.13 Employee Benefits 16 Section 3.14 Labor 19 Section 3.15 Litigation 15 20 Section 4.12 Taxes 15 Section 4.13 3.16 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 3.17 Environmental Matters 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 3.18 Insurance 22 Section 6.3 Indemnification3.19 Receivables; Insurance Payables 22 Section 3.20 Inventory 22 Section 3.21 Customers and Suppliers 22 Section 3.22 Related Party Transactions 23 Section 6.4 Other Proposals 24 3.23 Brokers Fees 23 Section 6.5 Public Announcements 27 3.24 Absence of Certain Business Practices 23 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION3.25 Bank Accounts; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect Powers of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Attorney 24
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (RumbleON, Inc.)
TABLE OF CONTENTS. (Continued) Article I Definitions and Terms 2 Section 1.1 Definitions 2 Section 1.2 Other Definitional Provisions; Interpretation 10 Article II The Merger 11 Section 2.1 The Merger 11 Section 2.2 Closing and Effective Time of the Merger 11 Section 2.3 Meeting of Stockholders to Approve the Merger 12 Article III Conversion of Shares 13 Section 3.1 Conversion of Company Common Stock 13 Section 3.2 Exchange of Certificates and Book Entry Shares 14 Section 3.3 Shares of Dissenting Stockholders 16 Section 3.4 Treatment of Stock Options 17 Section 3.5 Withholding Tax 17 Section 3.6 Tax Treatment 17 Article IV Representations and Warranties of the Company 18 Section 4.1 Organization 18 Section 4.2 Capitalization 18 Section 4.3 Authorization; Validity of Agreement; Company Action 20 Section 4.4 Non-Contravention 11 Consents and Approvals; No Violations 20 Section 4.5 Capitalization 12 SEC Reports; Disclosure Controls and Procedures 21 Section 4.6 Subsidiaries 12 No Undisclosed Liabilities 22 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 22 Section 4.8 Material Contracts 22 Section 4.9 Employee Benefit Plans; ERISA 25 Section 4.10 Litigation 28 Section 4.11 Litigation 15 Compliance with Law; Permits 28 Section 4.12 Taxes 15 Intellectual Property and Information Security 29 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Taxes 32 Section 4.14 Contracts 16 Title to Assets; Real Property 34 Section 4.15 Intellectual Property 17 Environmental 35 Section 4.16 Required Vote 17 Labor Matters 36 Section 4.17 Finders’ FeesBrokers or Finders 38 Section 4.18 Inventory; Warranties 38 Section 4.19 Vote Required 39 Section 4.20 Company Board Recommendation 39 Section 4.21 Proxy Statement 39 Section 4.22 Interested Party Transactions 39 Section 4.23 Opinion of Committee Financial Advisor 17 40 Section 4.18 4.24 State Takeover Statutes 40 Section 203 4.25 Relationships with Distributors and Suppliers 40 Section 4.26 Insurance 40 Article V Representations and Warranties of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Parent and Merger Sub 41 Section 5.1 Existence and Power 18 Organization 41 Section 5.2 Authorization; Approvals 18 Validity of Agreement; Necessary Action 41 Section 5.3 Governmental Authorization 19 Consents and Approvals; No Violations 41 Section 5.4 Non-Contravention 19 Information Supplied 42 Section 5.5 Information in Securities Filings 19 Merger Sub’s Operations 42 Section 5.6 Purchaser’s Operations 19 Sufficient Funds 42 Section 5.7 Vote Required 20 Ownership of Company Common Stock 42 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Investigation by Parent and Merger Sub 42 Article VI Covenants 43 Section 6.1 Conduct of Business Interim Operations of the Company 21 43 Section 6.2 Consents and Advice of Changes; Filings 22 46 Section 6.3 Indemnification; Insurance 23 Access to Information 46 Section 6.4 Other Board Recommendation; Acquisition Proposals 24 46 Section 6.5 Public Announcements 27 Employee Benefits 50 Section 6.6 Employee Benefits 27 Publicity 51 Section 6.7 Financing 28 Directors’ and Officers’ Insurance and Indemnification 52 Section 6.8 Cooperation with Financing Efforts 30 State Takeover Laws 53 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Commercially Reasonable Efforts 53 Section 6.10 Section 16 Matters 54 Section 6.11 Tax Matters 54 Section 6.12 Obligations of Merger Sub 56 Section 6.13 Further Assurances 56 Section 6.14 FIRPTA Certificate 56 Article VII Conditions 57 Section 7.1 Conditions to Each Party’s Obligation 33 to Effect the Merger 57 Section 7.2 Condition Conditions to ▇▇▇▇▇▇▇’▇, Purchaser’s Obligations of Parent and Parent’s Obligation 33 Merger Sub 57 Section 7.3 Condition Conditions to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Obligations of the Company 58 Section 7.4 Frustration of Closing Conditions 58 Article VIII Termination 58 Section 8.1 Termination 34 58 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 60 Article IX Miscellaneous 61 Section 9.1 Nonsurvival of Representations, Warranties Amendment and Agreements 36 Modification 61 Section 9.2 Non-Survival of Representations and Warranties 61 Section 9.3 Notices 61 Section 9.4 Interpretation 63 Section 9.5 Counterparts 63 Section 9.6 Entire Agreement; Assignment 36 Third-Party Beneficiaries 63 Section 9.3 9.7 Severability 37 63 Section 9.4 Notices 37 Section 9.5 9.8 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 64 Section 9.9 Counterparts 39 Jurisdiction 64 Section 9.10 Expenses 39 Service of Process 64 Section 9.11 Purchaser Termination Fee 40 Specific Performance 64 Section 9.12 Specific Performance 41 Assignment 65 Section 9.13 Affiliates 42 Expenses 65 Section 9.14 No Liability Headings 65 Section 9.15 Waivers 65 Section 9.16 WAIVER OF JURY TRIAL 65 Section 9.17 Opinion of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) 65 AGREEMENT AND PLAN OF MERGER MERGER, dated as of August 116, 2013 2012 (this “Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), by and ▇▇▇▇ Food Companyamong U.S. Home Systems, Inc., a Delaware corporation (the “Company”), THD At-Home Services, Inc., a Delaware corporation (“Parent”), and Umpire Acquisition Corp., a Delaware corporation and wholly-owned subsidiary of Parent (“Merger Sub”).
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Page Article I Definitions 1 1.1. Certain Definitions 1 1.2. Other Terms 4 Article II Financial and Other Information 4 2.1. Company Information 4 2.2. Dufry AG Public Documents 13 Section 4.8 5 2.3. Accounting Estimates and Principles 6 2.4. Internal Audit 6 2.5. Accountants’ Reports 7 2.6. Record Retention 7 2.7. Production of Witnesses; Records; Cooperation 7 2.8. Privilege 8 2.9. General Cooperation 8 Article III Financing and Treasury Operations 8 3.1. Company Group Financing 8 3.2. Third Person Guarantee or Letter of Credit Facilities 8 3.3. Foreign Exchange Transactions 9 3.4. Cash Pooling 9 3.5. General 9 Article IV Supply of Products for Sale 10 4.1. Purchase of Products from Dufry 10 4.2. Obligation to Supply 10 Article V Franchise and Other Services Agreements 10 5.1. Franchise Agreements 10 5.2. Retail Shop Concepts Services Agreements 10 5.3. Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Support Services 10 Article VI Other Services 10 6.1. Financial Statement Consolidation Services 10 Article VII Compliance with Laws; LicensesDufry Policies 11 7.1. Compliance Generally 11 Article VIII Sales and Marketing Matters 11 8.1. Pricing and Assortment 11 8.2. Advertising, Permits Marketing and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Promotions 11 8.3. Shop Design 11 8.4. General 11 Article IX Information Technology 11 9.1. Information Technology Agreements 11 9.2. Company to Use Dufry Information Technology 12 9.3. Dufry Support 12 9.4. Company Costs 12 Article X Tax Matters 12 10.1. Provision of Committee Financial Advisor 17 Section 4.18 Section 203 Tax Services 12 10.2. Provision of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence Information and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents Cooperation 12 Article XI Employee Compensation Expense 13 11.1. Dufry PSU Plan 13 Article XII Other Agreements 13 12.1. Further Assurances 13 12.2. Confidentiality 13 12.3. Insurance Matters 14 12.4. IPO Costs and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇14 12.5. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Covenants Against Taking Certain Actions Affecting Dufry 14 Article XIII Dispute Resolution 14 13.1. General Provisions 14 13.2. Mediation 15 13.3. Arbitration 15
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 DEFINITIONS AND INTERPRETIVE PROVISIONS 1 1.1 Defined Terms 1 1.2 Other Interpretive Provisions 29 ARTICLE 2 NEW VEHICLE FLOORPLAN LINE OF CREDIT 31 2.1 New Vehicle Floorplan Loans 31 2.2 New Vehicle Swing Line Loans 33 2.3 Terms Applicable to New Vehicle Floorplan Loans and New Vehicle Swing Line Loans 37 2.4 New Vehicle Floorplan Borrowers 40 2.5 Addition of New Vehicle Floorplan Dealerships 45 ARTICLE 3 USED VEHICLE FLOORPLAN LINE OF CREDIT 47 3.1 Used Vehicle Floorplan Loans 47 3.2 Used Vehicle Swing Line Loans 50 ARTICLE 4 REVOLVING LINE OF CREDIT 53 4.1 Revolving Loans 53 4.2 Revolving Swing Line Loans 57 ARTICLE 5 LETTERS OF CREDIT 59 5.1 Letter of Credit Commitment 60 5.2 Existing Letters of Credit 60 5.3 LC Agreements 60 5.4 Expiry Date 60 5.5 Requests for Letters of Credit 60 5.6 Participation in Letters of Credit 61 5.7 Payments 61 5.8 Terms Satisfactory to LC Issuer 62 5.9 Obligations Absolute 62 5.10 Letter of Credit Fees 63 5.11 LC Collateral Account 63 5.12 Borrower Indemnification 63 5.13 Lenders’ Indemnification 64 ARTICLE 6 CERTAIN ADDITIONAL PROVISIONS 64 6.1 Interest 64 6.2 Evidence of Debt 65 6.3 Borrowing Procedure 65 6.4 Obligations Several 66 6.5 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence Receipt of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Funds by Agent 66 6.6 Authorization 66 6.7 Interest and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion Fee Basis 67 6.8 Method of Committee Financial Advisor 17 Section 4.18 Section 203 Payment 67 6.9 Payment by Automatic Debit 67 6.10 Late Charges 67 6.11 Limitation of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Interest 68 6.12 Increase Option 69 6.13 Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) 70 6.14 Defaulting Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).70
Appears in 1 contract
Sources: Loan Agreement (Lithia Motors Inc)
TABLE OF CONTENTS. (Continued) Section Page 1. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Construction 55 1.3 Accounting Terms; Changes in GAAP 57 1.4 UCC Terms 57 1.5 References to Agreement and Laws 57 1.6 Times of Day 57 1.7 Letter of Credit Amounts 57 1.8 Exchange Rates; Currency Equivalents 58 1.9 Benchmark Exculpation 58 1.10 Delaware Divisions 58 1.11 Feeders and Blockers 59 2. REVOLVING CREDIT LOANS AND LETTERS OF CREDIT 59 2.1 The Commitment 59 2.2 Revolving Credit Commitment 60 2.3 Manner of Borrowing 60 2.4 Minimum Loan Amounts 62 2.5 Funding 62 2.6 [Reserved] 63 2.7 Interest 63 2.8 Determination of Rate 64 2.9 Letters of Credit 64 2.10 Qualified Borrowers 68 2.11 Use of Proceeds 69 2.12 Fees 69 2.13 Unused Commitment Fee 70 2.14 Letter of Credit Fees 70 2.15 Increase in the Maximum Commitment 70 2.16 Extension of Stated Maturity Date 72 3. PAYMENT OF OBLIGATIONS 73 3.1 Revolving Credit Notes 73 3.2 Payment of Obligations 73 3.3 Payment of Interest 73 3.4 Payments on the Obligations 74 3.5 Prepayments 75 3.6 Reduction or Early Termination of Commitments 76 3.7 Lending Office 77 3.8 Joint and Several Liability 77 4. CHANGE IN CIRCUMSTANCES 78 4.1 Taxes 78 4.2 Illegality 82 4.3 Inability to Determine Rates 83 4.4 Non-Contravention 11 Section Permanent Discontinuance of SOFR and Other Benchmarks 83 4.5 Capitalization 12 Section Increased Cost and Capital Adequacy 87 4.6 Subsidiaries 12 Section Funding Losses 89 4.7 Past SEC Requests for Compensation 89 4.8 Survival 90 4.9 Mitigation Obligations; Replacement of Lenders 90 4.10 Cash Collateral 91 5. SECURITY 92 5.1 Liens 92 5.2 The Collateral Accounts; Drawdowns 92 5.3 Agreement to Deliver Additional Collateral Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 93 5.4 Subordination 94 6. CONDITIONS PRECEDENT TO LENDING 94 6.1 Obligations of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).94
Appears in 1 contract
Sources: Revolving Credit Agreement (AGL Private Credit Income Fund)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence DEFINITIONS 1 1.1. Defined Terms 1 1.2. Construction of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits Terms and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Phrases 8 2. SALE AND PURCHASE OF ASSETS 8 2.1. Purchased Assets 8 2.2. Assumed and Excluded Liabilities 9 2.3. The Closing 10 2.4. Purchase Price 10 2.5. Payment of the DGCL Purchase Price 12 3. PRE-CLOSING COVENANTS AND UNDERTAKINGS 13 3.1. Satisfaction of Closing Conditions 13 3.2. Conduct of the Business of the Company Prior to Closing 13 3.3. Consents and Approvals 14 3.4. Access, Information and Confidentiality 16 3.5. Delivery of Financial Statements and Regulatory Filings 17 3.6. Public Announcements 17 3.7. Damage to the Purchased Assets 17 4. ADDITIONAL AGREEMENTS 18 4.1. Intentionally Deleted 18 4.2. Employee and Benefit Matters 18 4.3. Guaranties or Bonds 18 4.4. Agreement Not to Solicit Employees 19 4.5. Insurance Claims 19 4.6. Accounts Receivable 19 5. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER THE COMPANY AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence RMO REGARDING THE COMPANY 20 5.1. Organization and Power 18 Section 5.2 AuthorizationGood Standing of the Company; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required Foreign Qualifications 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business 5.2. Capitalization of the Company 20 5.3. Financial Statements; Undisclosed Liabilities 21 Section 6.2 5.4. Taxes 21 5.5. Tangible Personal Property 21 5.6. Enforceability; Authority; No Conflict; No Consents 22 5.7. Absence of Changes 22 5.8. Material Claims 24 5.9. Permits; Compliance With Laws 24 5.10. Real Property 24 5.11. Intellectual Property; Software 24 5.12. Company Contracts 25 5.13. Labor Matters 26 5.14. ERISA and Filings 22 Section 6.3 IndemnificationRelated Matters 26 5.15. Guaranties or Bonds 27 5.16. Employees 27 5.17. Environmental Matters 28 5.18. Insurance Coverage 28 5.19. Governmental Filings: No Violations 29 5.20. Investment 29 5.21. Gratuitous Payments 29 5.22. Disclosures 30 5.23. Litigation 30 5.24. Intentionally Deleted 31 5.25. Regulatory Matters 31 5.26. Affiliate Transactions 31 5.27. Sufficiency of Assets 31 6. INTENTIONALLY DELETED 31 7. REPRESENTATIONS AND WARRANTIES OF PARENT 31 7.1. Organization and Standing 31 7.2. Corporate Power and Authority; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting Enforceability 31 7.3. No Violation or Conflict by Parent 32 7.4. Parent Governmental Approvals 32 7.5. Litigation Against Parent 32 7.6. Knowledge of Inaccuracies 32 7.7. Investigations 33 7.8. “As Is” Condition 33 8. CONDITIONS PRECEDENT TO CONSUMMATION OBLIGATIONS OF PARENT 33 8.1. Representations True at the Closing 33 8.2. Covenants of RMO 33 8.3. No Injunction, Etc. 34 8.4. Consents, Approvals and Waivers 34 8.5. Consents for Acquired Contracts 34 8.6. Absence of Material Adverse Effect 34 8.7. Termination of Certain Contracts 34 8.8. Due Diligence 35 9. CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇COMPANY 35 9.1. Representations True at Closing 35 9.2. Covenants of Parent 35 9.3. No Injunction, Purchaser’s Etc. 35 9.4. Consents, Approvals and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATIONWaivers 36 10. TRANSACTIONS AT CLOSING 36 10.1. Transactions at Closing 36 11. SURVIVAL OF REPRESENTATION AND WARRANTIES; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival INDEMNIFICATION 37 11.1. Survival of Representations, Warranties and Agreements 36 Section 9.2 37 11.2. Agreements to Indemnify Parent Indemnitees 38 11.3. Agreements to Indemnify the Company Indemnitees 38 11.4. Recoveries 38 11.5. Survival 39 11.6. Notice and Defense of Actions 39 11.7. Exclusive Remedy 41 11.8. Treatment 41 12. TERMINATION 42 12.1. Method of Termination 42 12.2. Termination Fee 42 12.3. Procedure and Effect of Termination 43 13. GENERAL PROVISIONS 43 13.1. Notices 43 13.2. Brokers 45 13.3. Expenses 45 13.4. Further Assurances 45 13.5. Attribution of Knowledge 45 13.6. Waiver 46 13.7. Assignment; Binding Effect; No Third-Party Beneficiaries 46 13.8. Headings 46 13.9. Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Agreement 46 13.10. Modifications 46 13.11. Governing Law 38 Section 9.6 Submission 47 13.12. Severability 47 13.13. Counterparts 47 13.14. Exhibits and Schedules Incorporated 47 13.15. Joint Preparation 47 13.16. Performance by Affiliates 48 13.17. Consent to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability Jurisdiction; Waivers of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Trial by Jury 48
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention Heading Page Section 1. Authorization of Notes 1 Section 1.1. Authorization of Notes 1 Section 1.2. Changes in Interest Rate 1 Section 2. Sale and Purchase of Notes 5 Section 2.1. Sale and Purchase of Series 2025 Notes 5 Section 2.2. Additional Series of Notes 5 Section 3. Closing 6 Section 3.1. Series 2025 Closing 6 Section 3.2. Additional Note Closings 7 Section 4. Conditions to Closing 7 Section 4.1. Representations and Warranties 7 Section 4.2. Performance; No Default 7 Section 4.3. Compliance Certificates 7 Section 4.4. Opinions of Counsel 8 Section 4.5. Purchase Permitted By Applicable Law, Etc 8 Section 4.6. Sale of Other Notes 8 Section 4.7. Payment of Special Counsel Fees 8 Section 4.8. Private Placement Number 8 Section 4.9. Changes in Legal Structure 8 Section 4.10. Funding Instructions 8 Section 4.11. Rating 9 Section 4.12. Proceedings and Documents 9 Section 4.13. Subsidiary Guaranty 9 Section 4.14. Conditions to Issuance of Additional Notes 9 Section 5. Representations and Warranties of the Company 10 Section 5.1. Organization; Power and Authority 10 Section 5.2. Authorization, Etc 10 Section 5.3. Disclosure 10 Section 5.4. Organization and Ownership of Shares of Subsidiaries; Affiliates 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 5.5. Financial Statements; Material Liabilities 14 12 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 5.6. Compliance with Laws, Other Instruments, Etc 12 BUSINESS.33079804.1 Section 5.7. Governmental Authorizations, Etc 13 Section 5.8. Litigation; Observance of Agreements, Statutes and Orders 13 Section 5.9. Taxes 13 Section 5.10. Title to Property 13 Section 5.11. Licenses, Permits and Registrations Permits, Etc. 13 Section 5.12. Compliance with Employee Benefit Plans 14 Section 5.13. Private Offering by the Company 15 Section 5.14. Use of Proceeds; Margin Regulations 15 Section 5.15. Existing Indebtedness; Future Liens 15 Section 5.16. Foreign Assets Control Regulations, Etc. 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 5.17. Environmental Matters 17 Section 4.16 Required Vote 17 5.18. Investment Company Act 18 Section 4.17 Finders’ Fees; Opinion 5.19. Priority of Committee Financial Advisor 17 Obligations 18 Section 4.18 Section 203 6. Representations of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ Purchasers 18 Section 5.1 Existence and Power 6.1. Purchase for Investment 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 6.2. Source of Funds 19 Section 5.4 6.3. Investment Experience; Access to Information 20 Section 6.4. Authorization 21 Section 6.5. Restricted Securities 21 Section 6.6. No Public Market 21 Section 6.7. Legends 21 Section 6.8. Reliance 22 Section 7. Information as to Company 22 Section 7.1. Financial and Business Information 22 Section 7.2. Officer’s Certificate 25 Section 7.3. Visitation 26 Section 7.4. Electronic Delivery 27 Section 8. Payment and Prepayment of the Notes 27 Section 8.1. Maturity 27 Section 8.2. Optional Prepayments with Prepayment Settlement Amount 28 Section 8.3. Allocation of Partial Prepayments 28 Section 8.4. Maturity; Surrender, Etc. 28 Section 8.5. Purchase of Notes 29 Section 8.6. Make-Whole Amount; Prepayment Settlement Amount 29 Section 8.7. Payments Due on Non-Contravention 19 Business Days 31 Section 5.5 Information 8.8. Change in Securities Filings 19 Control 31 Section 5.6 Purchaser’s Operations 19 9. Affirmative Covenants. 32 Section 5.7 Vote Required 20 9.1. Compliance with Laws 32 Section 5.8 Finders’ Fees 20 9.2. Insurance 33 Section 5.9 Financing 20 9.3. Maintenance of Properties 33 -ii- BUSINESS.33079804.1 Section 5.10 Solvency 21 (Continued) COVENANTS 21 9.4. Payment of Taxes and Claims 33 Section 6.1 Conduct 9.5. Corporate Existence, Etc. 33 Section 9.6. Books and Records 33 Section 9.7. Subsidiary Guarantors 34 Section 9.8. Status of BDC and RIC 35 Section 9.9. Investment Policies 35 Section 9.10. Rating Confirmation 35 Section 9.11. Most Favored Lender 35 Section 10. Negative Covenants. 37 Section 10.1. Transactions with Affiliates 37 Section 10.2. Merger, Consolidation, Fundamental Changes, Etc 38 Section 10.3. Line of Business 40 Section 10.4. Economic Sanctions, Etc. 40 Section 10.5. Liens 40 Section 10.6. Restricted Payments 42 Section 10.7. Certain Financial Covenants 43 Section 11. Events of Default 44 Section 12. Remedies on Default, Etc 47 Section 12.1. Acceleration 47 Section 12.2. Holder Action 48 Section 12.3. Rescission 48 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 48 Section 13. Registration; Exchange; Substitution of Notes 49 Section 13.1. Registration of Notes 49 Section 13.2. Transfer and Exchange of Notes 49 Section 13.3. Replacement of Notes 50 Section 14. Payments on Notes 50 Section 14.1. Place of Payment 50 Section 14.2. Payment by Wire Transfer 51 Section 14.3. Tax Forms 51 Section 15. Expenses, Etc 52 Section 15.1. Transaction Expenses 52 Section 15.2. Certain Taxes 53 Section 15.3. Survival 53 Section 16. Survival of Representations and Warranties; Entire Agreement 53 BUSINESS.33079804.1 Section 17. Amendment and Waiver 54 Section 17.1. Requirements 54 Section 17.2. Solicitation of Holders of Notes 54 Section 17.3. Binding Effect, Etc 55 Section 17.4. Notes Held by Company, Etc 55 Section 18. Notices 56 Section 19. Reproduction of Documents 56 Section 20. Confidential Information 57 Section 21. Substitution of Purchaser 58 Section 22. Miscellaneous 59 Section 22.1. Successors and Assigns 59 Section 22.2. Accounting Terms 59 Section 22.3. Severability 59 Section 22.4. Construction, Etc 59 Section 22.5. Counterparts; Electronic Contracting 60 Section 22.6. Governing Law 60 Section 22.7. Jurisdiction and Process; Waiver of Jury Trial 61 BUSINESS.33079804.1 Schedule A — Defined Terms Schedule 1(a) — Form of 6.15% Series 2025A Senior Notes, due June 12, 2028 Schedule 1(b) — Form of 6.50% Series 2025A Senior Notes, due June 12, 2030 Schedule 5.3 — Disclosure Materials Schedule 5.4 — Subsidiaries of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation Ownership of Subsidiary Stock Schedule 5.5 — Financial Statements Schedule 5.15 — Existing Indebtedness Schedule 10.1 — Transactions with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions Affiliates Schedule 10.5 — Liens Schedule 10.7 — Excluded Assets Schedule 13.2 — Eligible Assignees Exhibit S — Form of Supplement to Note Purchase Agreement Purchaser Schedule — Information Relating to Purchasers BUSINESS.33079804.1 $105,000,000 6.15% Series 2025A Senior Notes, due June 12, 2028 $105,000,000 6.50% Series 2025B Senior Notes, due June 12, 2030 To Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s of the Purchasers Listed in the Purchaser Schedule Hereto: Ladies and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 ExhibitsGentlemen: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLCFidelity Private Credit Fund, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation statutory trust (the “Company”)., agrees with each of the Purchasers as follows:
Appears in 1 contract
Sources: Master Note Purchase Agreement (Fidelity Private Credit Fund)
TABLE OF CONTENTS. (Continued) ARTICLE I DEFINITIONS; INTERPRETATION 4 Section 4.4 Non-Contravention 11 1.1 Defined Terms 4 Section 4.5 1.2 Further Definitions 18 Section 1.3 Construction 20 ARTICLE II THE AMALGAMATION AND MERGER 21 Section 2.1 The Amalgamation, Merger, and Related Transactions 21 Section 2.2 Closing 22 Section 2.3 Effecting the Amalgamation 22 Section 2.4 Effecting the SPAC Merger 25 Section 2.5 Dissenting SPAC Shares 27 Section 2.6 Transfer Agent Matters 27 Section 2.7 Closing Consideration Spreadsheet 28 Section 2.8 Withholding 29 Section 2.9 Equitable Adjustments 30 Section 2.10 Fractional Shares 30 Section 2.11 Further Assurances 30 Section 2.12 Transaction Expenses 30 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY 30 Section 3.1 Organization; Standing and Power 30 Section 3.2 Capitalization 12 of the Company 31 Section 4.6 3.3 Subsidiaries 12 32 Section 4.7 Past SEC Documents 13 3.4 Authority; No Violation 33 Section 4.8 3.5 Consents and Approvals 35 Section 3.6 Litigation 35 Section 3.7 Brokers 35 Section 3.8 Financial Statements; Statements 35 Section 3.9 No Undisclosed Liabilities 14 37 Section 4.9 Disclosure Statements 14 Section 4.10 3.10 Absence of Certain Changes 15 or Events 37 Section 4.11 Litigation 15 3.11 Title to Assets; Properties 37 Section 4.12 Taxes 15 3.12 Material Contracts 37 Section 4.13 3.13 Permits 40 Section 3.14 Compliance with Laws 40 Section 3.15 Taxes 41 Section 3.16 Intellectual Property 42 Section 3.17 Employee Benefit Plans 47 Section 3.18 Labor Matters 48 Section 3.19 Anti-Corruption Laws; Licenses, Permits and Registrations 16 Anti-Money Laundering Laws; Sanctions; etc. 49 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 3.20 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 51 Section 3.21 Insurance 51 Section 3.22 Top Vendors and Suppliers 52 Section 3.23 Information Supplied 52 Section 3.24 No Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Representations or Warranties; No Reliance 52
Appears in 1 contract
Sources: Business Combination Agreement (dMY Squared Technology Group, Inc.)
TABLE OF CONTENTS. (Continued) Section 4.4 Non1. Definitions and Accounting Matters 1 1.01 Certain Defined Terms 1 1.02 Accounting Terms and Determinations 19 Section 2. Advances; Note and Prepayments 20 2.01 Advances 20 2.02 Notes 20 2.03 Procedure for Borrowing 21 2.04 Margin Amount Maintenance; Mandatory Prepayments 21 2.05 Establishment of Collection Account and Waterfall 22 2.06 Repayment of Advances; Interest 24 2.07 Optional Prepayments 24 2.08 Limitation on Types of Advances; Illegality 24 2.09 Requirements of Law 25 2.10 Taxes 26 Section 3. Payments; Computations; Etc 29 3.01 Payments 29 3.02 Computations 29 3.03 Facility Fee 29 Section 4. Collateral Security 30 4.01 Collateral; Security Interest 30 4.02 Further Documentation 30 4.03 Changes in Locations, Name, etc 31 4.04 Lender’s Appointment as Attorney-Contravention 11 in-Fact 31 4.05 Performance by Lender of Borrower’s Obligations 32 4.06 Proceeds 33 4.07 Remedies 33 4.08 Limitation on Duties Regarding Presentation of Collateral 34 4.09 Powers Coupled with an Interest 34 4.10 Release of Security Interest 34 Section 4.5 Capitalization 12 5. Conditions Precedent 35 5.01 Loan Agreement; Initial Advance 35 5.02 Initial and Subsequent Advances 36 Section 4.6 Subsidiaries 12 6. Representations and Warranties 37 6.01 Asset Schedule 37 6.02 Solvency 37 6.03 No Broker 38 6.04 Ability to Perform 38 6.05 Existence 38 6.06 Financial Statements 38 6.07 No Breach 38 6.08 Action 39 6.09 Approvals 39 6.10 Enforceability 39 6.11 Indebtedness 39 6.12 Material Adverse Effect 39 6.13 No Default 39 6.14 Real Estate Investment Trust 39 6.15 Adverse Selection 39 6.16 Litigation 40 6.17 Margin Regulations 40 6.18 Taxes 40 6.19 Investment Company Act 40 6.20 Chief Executive Office/Jurisdiction of Organization 40 6.21 Location of Books and Records 40 6.22 True and Complete Disclosure 40 6.23 ERISA 41 6.24 SBA Approvals 41 6.25 No Reliance 41 6.26 Plan Assets 42 6.27 Anti-Money Laundering Laws 42 6.28 No Prohibited Persons 42 6.29 Collateral; Collateral Security 42 6.30 Acquisition of SBA Loans and Participation Interests 43 6.31 Foreign Corrupt Practices Act 43 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements7. Covenants of the Borrower 43 7.01 Preservation of Existence; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with LawsLaw 43 7.02 Taxes 44 7.03 Notice of Proceedings or Adverse Change 44 7.04 Financial Reporting 45 7.05 Visitation and Inspection Rights 45 7.06 Reimbursement of Expenses 46 7.07 Further Assurances 46 7.08 True and Correct Information 46 7.09 ERISA Events 47 7.10 No Adverse Selection 47 7.11 Insurance 47 7.12 Books and Records 47 7.13 Illegal Activities 47 7.14 Material Change in Business 47 7.15 Limitation on Dividends and Distributions 47 7.16 Disposition of Assets; LicensesLiens 48 7.17 Transactions with Affiliates 48 7.18 ERISA Matters 48 7.19 Consolidations, Permits Mergers and Registrations 16 Sales of Assets 49 7.20 REIT Status 49 7.21 Asset Tape 49 7.22 Financial Covenants 49 7.23 No Amendment or Waiver 49 7.24 Borrower Assignments 50 7.25 Restrictions on Sale or Other Disposition of Financed Assets 50 Section 4.14 Contracts 16 8. Events of Default 50 8.01 Payment Default 50 8.02 Representation and Warranty Breach 50 8.03 Immediate Covenant Defaults 50 8.04 Additional Covenant Defaults 50 8.05 Judgments 51 8.06 Reserved; or 51 8.07 Insolvency Event 51 8.08 Enforceability 51 8.09 Liens 51 8.10 Material Adverse Effect 51 8.11 Change in Control 51 8.12 Going Concern 51 8.13 Inability to Perform 51 8.14 SBA Rules and Regulations 51 8.15 Replacement of Servicers 51 8.16 Reserved 52 8.17 Reserved 52 Section 4.15 Intellectual Property 17 9. Remedies Upon Default 52 9.01 Remedies 52 9.02 Physical Possession 52 9.03 Lender’s Appointment as Attorney-in-Fact 52 9.04 Cross-Collateralization 53 Section 4.16 Required Vote 17 10. No Duty of Lender 53 Section 4.17 Finders’ Fees; Opinion 11. Indemnification And Expenses 53 11.01 Indemnification 53 11.02 Expenses 54 11.03 Full Recourse 54 Section 12. Servicing 54 12.01 Servicing of Committee Financial Advisor 17 Section 4.18 Section 203 SBA Loans 54 12.02 Collateral Assignee 54 12.03 Servicing Agreement 54 12.04 Event of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 ▇▇ ▇▇▇▇▇▇▇ ▇▇. Recording Of Communications 55 Section 5.1 Existence 14. Due Diligence 55 Section 15. Assignability; Amendment 56 15.01 Assignment and Power 18 Acceptance 56 15.02 Participations 56 15.03 Disclosures 56 15.04 Amendment to Loan Agreement 57 15.05 Hypothecation or Pledge of Pledged Assets 57 Section 5.2 Authorization16. Transfer and Maintenance of Register 57 16.01 Rights and Obligations 57 16.02 Register 57 Section 17. Suspension of Payments 57 17.01 Reserved 57 17.02 Suspension of Payments 57 Section 18. Terminability 58 Section 19. Notices And Other Communications 58 Section 20. Entire Agreement; Approvals 18 Severability; Single Agreement 58 20.01 Entire Agreement 58 20.02 Single Agreement 58 Section 5.3 Governmental Authorization 19 21. Governing Law; Submission to Jurisdictions; Waivers 59 21.01 GOVERNING LAW 59 21.02 SUBMISSION TO JURISDICTION; WAIVERS 59 Section 5.4 Non-Contravention 19 22. No Waivers, etc 59 Section 5.5 23. Confidentiality 60 23.01 Confidential Terms 60 23.02 Confidential Information in Securities Filings 19 60 Section 5.6 Purchaser’s Operations 19 24. Conflicts; Multiparty Agreements 61 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct 25. Miscellaneous 61 25.01 Counterparts 61 25.02 Captions 61 25.03 Acknowledgment 61 25.04 Documents Mutually Drafted 61 25.05 Amendment and Restatement 62 25.06 Removal of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).62
Appears in 1 contract
Sources: Master Loan and Security Agreement (Ready Capital Corp)
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits ARTICLE I THE MERGER 2 1.1 The Merger and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 Bank Merger 2 1.2 Closing 3 1.3 Effective Time 3 1.4 Effects of the DGCL 17 Merger 3 1.5 Conversion of MOFG Common Stock 3 1.6 NIC Stock 4 1.7 Treatment of MOFG Equity Awards 4 1.8 Articles of Incorporation of Surviving Entity 5 1.9 Bylaws of Surviving Entity 5 1.10 Tax Consequences 5 ARTICLE II EXCHANGE OF SHARES 5 2.1 NIC to Make Consideration Available 5 2.2 Exchange of Shares 6 ARTICLE III REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND MOFG 8 3.1 Corporate Organization 9 3.2 Capitalization 10 3.3 Authority; No Violation 12 3.4 Consents and Approvals 13 3.5 Reports 13 3.6 Financial Statements 14 3.7 B▇▇▇▇▇▇▇ ’s Fees 16 3.8 Absence of Certain Changes or Events 16 3.9 Legal and Regulatory Proceedings 16 3.10 Taxes and Tax Returns 17 3.11 Employees 18 Section 5.1 Existence 3.12 SEC Reports 21 3.13 Compliance with Applicable Law 21 3.14 Certain Contracts 23 3.15 Agreements with Regulatory Agencies 25 3.16 Risk Management Instruments 26 3.17 Environmental Matters 26 3.18 Investment Securities and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements Commodities 26 3.19 Real Property 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company 3.20 Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O 27 3.21 Related Party Transactions 28 3.22 State Takeover Laws 28 3.23 Reorganization 28 3.24 Opinion 28 3.25 MOFG Information 29 3.26 Loan Portfolio 29 3.27 Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).30 3.28 Fiduciary Activities 31
Appears in 1 contract
Sources: Merger Agreement (MidWestOne Financial Group, Inc.)
TABLE OF CONTENTS. (Continued) ARTICLE I DEFINITIONS 1 Section 1.1 Definitions 1 ARTICLE II THE MERGER 11 Section 2.1 The Company Merger 11 Section 2.2 The Bank Merger 11 Section 2.3 Closing 11 Section 2.4 Company Merger Effective Time 11 Section 2.5 Bank Merger Effective Time 11 Section 2.6 Effect of the Company Merger 12 Section 2.7 Effect of the Bank Merger 12 Section 2.8 Articles of Incorporation of the Surviving Corporation After Company Merger 12 Section 2.9 Articles of Incorporation of the Surviving Corporation After Bank Merger 12 Section 2.10 Bylaws of the Surviving Corporation After Company Merger 12 Section 2.11 Bylaws of the Surviving Corporation After Bank Merger 12 Section 2.12 Directors and Officers of the Surviving Corporation 12 Section 2.13 Alternative Structure 13 ARTICLE III CONSIDERATION; CONVERSION OF SECURITIES; EXCHANGE OF CERTIFICATES 13 Section 3.1 Conversion of Securities 13 Section 3.2 Fractional Shares 14 Section 3.3 Shares of Dissenting Holders 14 Section 3.4 Surrender and Exchange of Certificates 15 Section 3.5 Stock Options 17 Section 3.6 Adjustment Resulting from BWC Real Estate Sale. 18 Section 3.7 Cancellation of Bank Capital Stock 18 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND BANK 18 Section 4.1 Organization and Qualification of Company and Subsidiaries 18 Section 4.2 Certificate of Incorporation and Bylaws; Corporate Books and Records 19 Section 4.3 Capitalization 19 Section 4.4 Non-Contravention 11 Subsidiaries 20 Section 4.5 Capitalization 12 Authority. 20 Section 4.6 Subsidiaries 12 No Conflict; Required Filings and Consents 22 Section 4.7 Past SEC Documents 13 Permits; Compliance with Law. 22 Section 4.8 SEC Filings; Financial Statements; Liabilities 14 Statements 24 Section 4.9 Disclosure Statements 14 Regulatory Matters 25 Section 4.10 Absence of Certain Changes 15 or Events 26 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 Employee Benefit Plans 26 PALOALTO 66463 v1 (Continued2K) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).-1-
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention Page ARTICLE 1 THE MERGER 2 1.01 The Merger 2 1.02 Effective Time 2 1.03 Effects of the Merger 2 1.04 Articles of Incorporation and Bylaws of the Surviving Corporation 2 1.05 Directors 2 1.06 Officers 2 1.07 Closing 2 1.08 Additional Actions 3 ARTICLE 2 EFFECT OF THE MERGER ON THE CAPITAL STOCK OF THE COMPANY AND MERGER SUB 3 2.01 Effect on Shares of Capital Stock 3 2.02 Options 4 2.03 Payment for Common Shares in the Merger 5 2.04 Adjustment of the Merger Consideration and the Cash Pay Option Consideration 8 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE COMPANY 8 3.01 Organization and Qualification 8 3.02 Charter Documents and Bylaws 9 3.03 Capitalization 9 3.04 Authority Relative to this Agreement 10 3.05 Company Subsidiaries 11 Section 4.5 Capitalization 3.06 No Violation; Required Filings and Consents 11 3.07 SEC Reports and Financial Statements 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 3.08 Compliance with Applicable Laws 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 3.09 Absence of Certain Changes 15 Section 4.11 or Events 13 3.10 Change of Control 14 3.11 Litigation 15 Section 4.12 3.12 Information in Proxy Statement 15 3.13 Benefit Plans 15 3.14 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 17 3.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; 19 3.16 Licenses and Permits 21 3.17 Material Contracts 22 3.18 Environmental Laws 23 3.19 State Takeover Statutes 23 3.20 Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 23 3.21 Brokers 24 3.22 Related Party Transactions 24 3.23 Properties and Assets 24 3.24 Labor Matters 25 3.25 Insurance 25 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PARENTMERGER SUB AND PARENT 26 4.01 Organization and Qualification 26 4.02 Charter Documents and Bylaws 26 4.03 Authority Relative to this Agreement 26 4.04 No Violation; Required Filings and Consents 27 4.05 Financing 27 4.06 Brokers 28 4.07 Proxy Statement 28 ARTICLE 5 COVENANTS 28 5.01 Interim Operations 28 5.02 Shareholders Meeting 32 5.03 Filings; Consents, PURCHASER AND etc. 33 5.04 Access to Information 33 5.05 Notification of Certain Matters 34 5.06 Public Announcements 34 5.07 Indemnification; etc 35 5.08 Further Assurances; Commercially Reasonable Efforts 36 5.09 Third Party Standstill Agreements 36 5.10 No Solicitation 36 5.11 SEC Reports 39 5.12 Termination of ▇▇▇▇▇▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 ▇▇ 5.13 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 39 5.14 Special Meeting 40 5.15 Shareholder Litigation 40 5.16 Transition Assistance 40 ARTICLE 6 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 41 6.01 Conditions to the Obligations of Each Party’s Party 41 6.02 Conditions to Obligations of Merger Sub and Parent 41 6.03 Conditions to Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇of the Company 44 ARTICLE 7 TERMINATION 44 7.01 Termination by Mutual Consent 44 7.02 Termination by Merger Sub, Purchaser’s Parent or the Company 45 7.03 Termination by Merger Sub and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Parent 45 7.04 Termination 34 Section 8.2 by the Company 46 7.05 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).46
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention The Merger 1 1.1 The Merger 1 1.2 Closing 2 1.3 Effect of the Merger 2 1.4 Certificate of Formation; Limited Liability Company Operating Agreement 2 1.5 Managing Board/Officers 2 ARTICLE 2 Effect of the Merger on the Capital Stock of the Constituent Corporations; Exchange of Certificates 3 2.1 Conversion of Securities 3 2.2 Exchange of Certificates 4 2.3 Stock Transfer Books 7 2.4 Stock Options 7 2.5 Employee Stock Purchase Plan 8 2.6 Company Warrants 8 ARTICLE 3 Representations and Warranties of the Company 9 3.1 Organization, Qualification and Corporate Power 9 3.2 Subsidiaries 9 3.3 Certificate of Incorporation and Bylaws; Corporate Books and Records 10 3.4 Capitalization 10 3.5 Authority; Authentication 11 Section 4.5 Capitalization 3.6 No Conflict; Required Filings and Consents 12 Section 4.6 Subsidiaries 12 Section 4.7 Past 3.7 Permits; Compliance With Law 13 3.8 SEC Documents Filings; Financial Statements 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 3.9 Absence of Certain Changes or Events 14 3.10 Employee Benefit Plans 15 Section 4.11 3.11 Labor and Other Employment Matters 18 3.12 Tax Treatment 20 3.13 Contracts 20 3.14 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 23 3.15 Environmental Matters 23 3.16 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; 24 3.17 Supply Arrangements 27 3.18 Taxes 27 3.19 Insurance 29 3.20 Properties 29 3.21 Regulatory Compliance 31 3.22 Product Registration Files 32 3.23 Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 32 3.24 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 3.25 Brokers 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to 3.26 ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).33 3.27 Disclosure 34
Appears in 1 contract
Sources: Merger Agreement (Amgen Inc)
TABLE OF CONTENTS. (Continued) Section 4.4 ARTICLE I THE MERGER 2 1.1 The Merger 2 1.2 Closing Deliveries 3 1.3 Effect on Capital Stock and Options 6 1.4 Payment Procedures 9 1.5 No Further Ownership Rights in the Company Capital Stock, Company Options or Company Warrants 11 1.6 Company Net Working Capital, Company Debt, Company Cash and Transaction Expenses Adjustment 11 1.7 Tax Consequences 14 1.8 Certain Taxes 14 1.9 Withholding Rights 14 1.10 Further Action 15 ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE COMPANY 15 2.1 Organization, Standing, Power and Subsidiaries 15 2.2 Capital Structure 15 2.3 Authority; Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 contravention 18 2.4 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 No Undisclosed Liabilities. 19 2.5 Absence of Certain Changes 15 Section 4.11 20 2.6 Litigation 15 Section 4.12 Taxes 15 Section 4.13 20 2.7 Restrictions on Business Activities 20 2.8 Compliance with Laws; LicensesGovernmental Permits 21 2.9 Title to, Permits Condition and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Sufficiency of Tangible Assets; Real Property 21 2.10 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 Property. 21 2.11 Taxes. 30 2.12 Employee Benefit Plans and Employee Matters 33 2.13 Interested-Party Transactions 38 2.14 Insurance 38 2.15 Books and Records 38 2.16 Material Contracts. 38 2.17 Transaction Fees 41 2.18 Anti-Corruption Law 41 2.19 Environmental, Health and Safety Matters 42 2.20 Export Control and Sanctions Laws 42 2.21 Buyers and Sellers 42 2.22 Suppliers and Vendors 43 ARTICLE III REPRESENTATIONS AND WARRANTIES OF PARENTACQUIRER AND MERGER SUB 43 3.1 Organization and Standing 43 3.2 Authority; Non-contravention 43 3.3 Litigation 44 3.4 Transaction Fees 44 3.5 Solvency 44 3.6 Financial Capability 44 3.7 Investment Representation 44 3.8 Board and Stockholder Approvals 44 3.9 Operation of Merger Sub 45 ARTICLE IV CONDUCT PRIOR TO THE EFFECTIVE TIME 45 4.1 Conduct of the Business; Notices 45 4.2 Restrictions on Conduct of the Business 45 4.3 Certain Limitations 48 ARTICLE V ADDITIONAL AGREEMENTS 49 5.1 Board Recommendation, PURCHASER Stockholder Approval and Stockholder Notice 49 5.2 No Solicitation 50 5.3 Confidentiality; Public Disclosure 50 5.4 Reasonable Best Efforts 51 5.5 Third-Party Consents; Notices 53 5.6 Litigation 53 5.7 Access to Information 53 5.8 Spreadsheet 54 5.9 Expenses; Company Debt 55 5.10 Employees 55 5.11 Termination of 401(k) Plan and Company Option Plan 56 5.12 Waivers for Promised Company Options 57 5.13 Certain Closing Certificates and Documents 57 5.14 Tax Matters. 57 5.15 280G Stockholder Approval 59 5.16 Directors and Officers 59 5.17 Notification 61 5.18 Contact with Business Relations 61 5.19 Intellectual Property Matters 61 5.20 Acquirer RSUs 61 ARTICLE VI CONDITIONS TO THE MERGER 62 6.1 Conditions to Obligations of Each Party to Effect the Merger 62 6.2 Additional Conditions to Obligations of the Company 62 6.3 Additional Conditions to the Obligations of Acquirer 63 6.4 Waiver of Conditions 64 ARTICLE VII TERMINATION 64 7.1 Termination 64 7.2 Effect of Termination 65 ARTICLE VIII ESCROW FUND AND INDEMNIFICATION 65 8.1 Escrow Fund 65 8.2 Indemnification 66 8.3 Indemnifiable Damage Threshold; Other Limitations 67 8.4 Period for Claims 70 8.5 Claims 70 8.6 Resolution of Objections to Claims 71 8.7 Securityholders’ Agent 72 8.8 Third-Party Claims 74 8.9 Treatment of Indemnification Payments 75 8.10 No Other Representations or Warranties 75 ARTICLE IX GENERAL PROVISIONS 76 9.1 Survival of Representations, Warranties and Covenants 76 9.2 Notices 76 9.3 Interpretation 77 9.4 Company Disclosure Letter 78 9.5 Amendment 79 9.6 Extension; Waiver 79 9.7 Counterparts 79 9.8 Entire Agreement; Parties in Interest 79 9.9 Assignment 80 9.10 Severability 80 9.11 Remedies Cumulative; Specific Performance 80 9.12 Arbitration; Submission to Jurisdiction; Consent to Service of Process. 80 9.13 Governing Law 81 9.14 Rules of Construction 81 9.15 WAIVER OF JURY TRIAL 81 9.16 Retention of Counsel 81 9.17 Protected Communications 82 9.18 No Waiver of Privilege, Protection from Disclosure or Use 82 9.19 Non-Recourse 82 Exhibit A - Definitions Exhibit B - Form of Transitional Employee Non-Competition Agreement Exhibit C - Form of Named Employee Non-Competition Agreement Exhibit D - Form of Written Consent Exhibit E - Form of Stockholder Agreement Exhibit F - Form of Certificate of Merger Exhibit G - Form of Paying Agent Agreement Exhibit H - Form of Company Closing Officer Certificate Exhibit I - Form of Resignation Letter Exhibit J-1 - Form of FIRPTA Notice Exhibit J-2 - Form of FIRPTA Notification Letter Exhibit K - Form of Parachute Payment Waiver Exhibit L - Form of Warrant Waiver Exhibit M Form of CME Commercial Agreement Exhibit N - Form of Letter of Transmittal Exhibit O - Form of Option Waiver Exhibit P - Form of Assignment of Intellectual Property Exhibit Q - Form of Promised Option Release Exhibit R - Form of Escrow Agreement Company Disclosure Letter Schedule 1.2(b)(iv) - Consenting Stockholders Schedule 1.2(b)(xiv) - Contracts to be Amended, Noticed or Terminated Schedule 5.8(viii) - Acquirer RSU Calculation Methodology Schedule 5.16(a) - Indemnification Agreements Schedule 5.19(b) - Confirmatory Assignments Schedule 6.3(g) - Named Employees Schedule 8.2(a)(ix) - Other Indemnity Matters AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of July 21, 2019 (the “Agreement Date”), by and among Etsy, Inc., a Delaware corporation (“Acquirer”), ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇Acquisition Sub, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp.Inc., a Delaware corporation and a wholly owned subsidiary of Acquirer (“PurchaserMerger Sub”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food CompanyReverb Holdings, Inc., a Delaware corporation (the “Company”)., and Fortis Advisors LLC, a Delaware limited liability company, as the securityholders’ agent (the “Securityholders’ Agent”). Certain other capitalized terms used herein are defined in Exhibit A.
Appears in 1 contract
Sources: Merger Agreement (Etsy Inc)
TABLE OF CONTENTS. (Continued) No Duties Except as Specified in this Agreement or in Instructions 35 Section 4.4 6.5 No Action Except under Specified Documents or Instructions 36 Section 6.6 Restrictions 36 Article VII Concerning the Owner Trustee 36 Section 7.1 Acceptance of Trusts and Duties 36 Section 7.2 Furnishing of Documents 38 Section 7.3 Representations and Warranties 38 Section 7.4 Reliance; Advice of Counsel 39 Section 7.5 Not Acting in Individual Capacity 39 Section 7.6 Owner Trustee Not Liable for Certificates or Loans 39 Section 7.7 Owner Trustee May Own Certificates and Notes 40 Section 7.8 Payments from Trust Property 40 Section 7.9 Doing Business in Other Jurisdictions 40 Article VIII Compensation of Owner Trustee 41 Section 8.1 Owner Trustee’s Fees and Expenses 41 Section 8.2 Indemnification 41 Section 8.3 Payments to the Owner Trustee 42 Section 8.4 Non-Contravention 11 Recourse Obligations 42 Article IX Termination of Trust Agreement 42 Section 4.5 Capitalization 12 9.1 Termination of Trust Agreement 42 Article X Successor Owner Trustees and Additional Owner Trustees 44 Section 4.6 Subsidiaries 12 10.1 Eligibility Requirements for Owner Trustee 44 Section 4.7 Past SEC Documents 13 10.2 Resignation or Removal of Owner Trustee 44 Section 4.8 Financial Statements; Liabilities 14 10.3 Successor Owner Trustee 45 Section 4.9 Disclosure Statements 14 10.4 Merger or Consolidation of Owner Trustee 46 Section 4.10 Absence 10.5 Appointment of Certain Changes 15 Co-Owner Trustee or Separate Owner Trustee 46 Article XI Miscellaneous 48 Section 4.11 Litigation 15 11.1 Supplements and Amendments 48 Section 4.12 Taxes 15 11.2 Limitations on Rights of Others 49 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 11.3 Notices 49 Section 4.14 Contracts 16 11.4 Severability 50 Section 4.15 Intellectual Property 17 11.5 Separate Counterparts 50 Section 4.16 Required Vote 17 11.6 Assignments 50 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 11.7 No Petition 50 Section 4.18 11.8 No Recourse 50 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 11.9 Headings 51 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT11.10 GOVERNING LAW; WAIVER 34 OF JURY TRIAL 51 Section 8.1 Termination 34 11.11 Servicer as Administrator 51 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations11.12 PATRIOT Act 51 This AMENDED AND RESTATED TRUST AGREEMENT, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11October 26, 2013 (“Agreement”) 2017, among DFC Holdings, LLCCREDIT ACCEPTANCE FUNDING LLC 2017-3, a Delaware limited liability company (the “ParentSeller”), DFC Merger Corp.each of the members of the Board of Trustees of the Trust and U.S. BANK TRUST NATIONAL ASSOCIATION, a Delaware corporation national banking association, as Owner Trustee (“Purchaser”)solely in such capacity and not in its individual capacity, whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “CompanyOwner Trustee”).
Appears in 1 contract
TABLE OF CONTENTS. (Continued) Section 1. DEFINITIONS 1 2. APPOINTMENT OF CUSTODIAN; ACCOUNTS 3 2.1 Appointment of Custodian 3 2.2 Establishment of Accounts 4 3. AUTHORIZED PERSONS AND INSTRUCTIONS; ELECTRONIC ACCESS 4 3.1 Authorized Persons 4 3.2 Instructions 4 3.3 BNY Mellon Actions Without Instructions 5 3.4 Funds Transfers 6 3.5 Electronic Access 7 4. SUBCUSTODIANS, DEPOSITORIES AND AGENTS 7 4.1 Use of Subcustodians and Depositories 7 4.2 Liability for Subcustodians 8 4.3 Liability for Depositories 8 4.4 Non-Contravention Use of Agents 8 5. CORPORATE ACTIONS 8 5.1 Notification 8 5.2 Exercise of Rights 9 5.3 Partial Redemptions, Payments, Etc 9 6. SETTLEMENT 9 6.1 Settlement Instructions 9 6.2 Settlement Funds 9 6.3 Settlement Practices 9 7. TAX MATTERS 10 7.1 Tax Obligations 10 7.2 Payments 11 Section 4.5 Capitalization 8. CREDITS AND ADVANCES 11 8.1 Contractual Settlement and Income 11 8.2 Advances 11 8.3 Payment 11 8.4 Securing Payment 12 Section 4.6 Subsidiaries 8.5 Setoff 12 Section 4.7 Past SEC Documents 8.6 Currency Conversion 13 Section 4.8 Financial Statements9. STATEMENTS; Liabilities BOOKS AND RECORDS; THIRD PARTY DATA 13 9.1 Statements 13 9.2 Books and Records 13 9.3 Third Party Data 13 10. DISCLOSURES 14 Section 4.9 10.1 Required Disclosure Statements 14 Section 4.10 Absence 10.2 Foreign Exchange Transactions 14 10.3 Investment of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).15
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TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS 1 1.01. Defined Terms 1 1.02. Other Interpretive Provisions 40 1.03. Accounting Terms 41 1.04. Uniform Commercial Code 42 1.05. Reserved 42 1.06. Foreign Currency 43 1.07. Times of Day 43 ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS 43 2.01. Loan Commitments 43 2.02. Borrowings, Conversions and Continuations of Loans 43 2.03. Letters of Credit 45 2.04. Swing Line Loans 52 2.05. Repayment of Loans 55 2.06. Prepayments 56 2.07. Termination or Reduction of Commitments 60 2.08. Interest 60 2.09. Fees 61 2.10. Computation of Interest and Fees 62 2.11. Evidence of Debt 62 2.12. Payments Generally; Administrative Agent’s Clawback 63 2.13. Sharing of Payments by Lenders 64 2.14. Settlement Among Lenders 65 2.15. Nature and Extent of Each Borrower’s Liability 66 2.16. Cash Collateral 67 2.17. Defaulting Lenders 68 2.18. Increase in Revolving Credit Commitments or Term Loan Facility 70 2.19. Prepayments Below Par 74 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 77 3.01. Taxes 77 3.02. Illegality 81 3.03. Inability to Determine Rates 81 3.04. Increased Costs; Reserves on Eurodollar Rate Loans 82 3.05. Compensation for Losses 84 3.06. Reimbursement 84 3.07. Mitigation Obligations 84 3.08. Survival 85 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 85 4.01. Conditions of Initial Credit Extension 85 4.02. Conditions to all Credit Extensions 88 ARTICLE V REPRESENTATIONS AND WARRANTIES 89 5.01. Existence, Qualification and Power 89 5.02. Authorization; No Contravention; Consents 89 5.03. Binding Effect 90 5.04. Financial Statements; Liabilities 14 Section 4.9 No Material Adverse Effect 90 5.05. Litigation 90 5.06. No Default 90 5.07. Ownership of Property; Liens 90 5.08. Environmental Compliance 91 5.09. Insurance and Casualty 92 5.10. Taxes 92 5.11. ERISA Compliance 92 5.12. Subsidiaries; Equity Interests; Capitalization 93 5.13. Margin Regulations; Investment Company Act 93 5.14. Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 93 5.15. Compliance with Laws; Licenses, Permits Anti-Terrorism Laws and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Foreign Asset Control Regulations 94 5.16. Labor Matters 94 5.17. Brokers 95 5.18. Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees95 5.19. Senior Indebtedness 95 ARTICLE VI AFFIRMATIVE COVENANTS 95 6.01. Financial Statements 95 6.02. Other Information 97 6.03. Notices 98 6.04. Payment of Taxes and Assessments 99 6.05. Preservation of Existence, Etc. 99 6.06. Maintenance of Properties 99 6.07. Maintenance of Insurance; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 of the DGCL 17 REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) COVENANTS 21 Section 6.1 Conduct of Business of the Company 21 Section 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Interruption Proceeds 99
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TABLE OF CONTENTS. (Continued) Section 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Committee Financial Advisor 17 Section 4.18 Section 203 DEFINITIONS 1 1.1. Defined Terms 1 1.2. Terms Defined Elsewhere 7 ARTICLE II. THE MERGER 9 2.1. The Merger 9 2.2. Effective Time 9 2.3. Closing of the DGCL Merger 10 2.4. Effects of the Merger 10 2.5. Certificate of Incorporation and Bylaws 10 2.6. Directors 10 2.7. Officers 10 2.8. Conversion of Shares; Treatment of Company Options and Warrants 10 2.9. Escrow Amount 11 2.10. Distribution of the Closing Amount 14 2.11. Dissenting Shares 15 2.12. Withholding Rights 15 2.13. Principal Stockholder Representative 15 2.14. Transaction Fees 16 ARTICLE III. CLOSING DELIVERIES 16 3.1. Deliveries by the Company and the Principal Stockholders at the Closing 16 3.2. Deliveries by Parent and Merger Sub at the Closing 17 ARTICLE IV. REPRESENTATIONS AND WARRANTIES OF PARENT, PURCHASER THE COMPANY AND ▇▇▇▇▇▇▇ THE PRINCIPAL STOCKHOLDERS 18 Section 5.1 Existence and Power 4.1. Organization of the Company 18 Section 5.2 Authorization; Approvals 4.2. Subsidiaries 18 Section 5.3 Governmental 4.3. Authorization 19 Section 5.4 Non-Contravention 4.4. Capitalization 19 Section 5.5 4.5. Title to Properties and Assets 20 4.6. Absence of Certain Activities 20 4.7. Certain Actions 21 4.8. Material Contracts 22 4.9. Compliance with Other Instruments 23 4.10. SEC Reports and Financial Statements 24 4.11. Liabilities 24 4.12. Taxes 25 4.13. Environmental Matters 28 4.14. Employee Benefits 29 4.15. Compliance with Law 31 4.16. Permits 31 4.17. Consents and Approvals 31 4.18. Litigation 31 4.19. Labor Matters 32 4.20. Intellectual Property; Software 33 4.21. Transactions with Certain Persons 40 4.22. Insurance 40 4.23. Accounts Receivable 40 4.24. Certain Business Practices 40 4.25. No Brokers 41 4.26. Books and Records 41 4.27. Bank Accounts 41 4.28. Authorization by Principal Stockholders 41 4.29. Title to Shares 41 4.30. Proceedings Regarding Principal Stockholders 41 4.31. Company Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (Continued) 42 4.32. No Existing Discussions 42 4.33. Fairness Opinion 42 4.34. State Takeover Laws 42 4.35. eTechLogix 42 4.36. Certain Payments 42 4.37. EtechLogix Software 43 ARTICLE V. REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 43 5.1. Organization of Parent and Merger Sub 43 5.2. Authorization 43 5.3. Compliance with Other Instruments 43 5.4. Consents and Approvals 44 ARTICLE VI. COVENANTS 21 Section 6.1 OF ALL PARTIES 44 6.1. Conduct of Business 44 6.2. Investigation by Parent 46 6.3. Regulatory Matters 47 6.4. Notification of Certain Matters 47 6.5. Public Announcements 48 6.6. No Solicitation 49 6.7. Merger Consideration Adjustment 50 6.8. Confidentiality 51 6.9. Preparation of the Proxy Statement; Stockholder Approval 51 6.10. Company 21 Section 6.2 Consents SEC Documents 52 6.11. Matters Pertaining to Company Options and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 Warrants 52 6.12. Indemnification of Officers and Directors 52 6.13. Transition of the Company's Business Pending Closing 53 6.14. Certain eTechLogix Obligations 53 ARTICLE VII. CONDITIONS TO CONSUMMATION OF THE MERGER 33 Section 7.1 OBLIGATIONS 54 7.1. Conditions to Each Party’s Obligation 33 Section 7.2 Condition 's Obligations to ▇▇▇▇▇▇▇’▇, Purchaser’s Effect the Merger 54 7.2. Conditions to the Company's Obligations to Effect the Merger 54 7.3. Conditions to the Obligations of Parent and Parent’s Obligation 33 Section 7.3 Condition Merger Sub to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Effect the Merger 55 ARTICLE VIII. TERMINATION 56 8.1. Termination 34 Section 8.2 56 8.2. Effect of Termination 35 Section 8.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival 58 ARTICLE IX. INDEMNIFICATION 59 9.1. Survival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).Representations 59
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Sources: Merger Agreement (Improvenet Inc)