PURCHASE AND SALE 16. 2.1 Purchase and Sale of Payable Gold 16 2.2 Delivery Obligations 16
PURCHASE AND SALE 16. Section 2.1 Purchase and Sale of Shares 16 Section 2.2 Purchase Price 17 Section 2.3 Purchase Price Adjustment 17 Section 2.4 Share Transfer Agreement 19 Section 2.5 Withholding Rights 19 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF SELLERS 20 Section 3.1 Organization 20 Section 3.2 Authorization 20 Section 3.3 Governmental Consents; Non-Contravention 21 Section 3.4 Financial Statements 21 Section 3.5 No Undisclosed Liabilities 22 Section 3.6 Absence of Certain Changes or Events 22 Section 3.7 Capitalization of the Business Entities; Title 22 Section 3.8 Real Property 22 Section 3.9 Inventories 23 Section 3.10 Accounts Receivable; Accounts Payable 23 Section 3.11 Customers and Suppliers 23 Section 3.12 Proceedings 24 Section 3.13 Intellectual Property 24 Section 3.14 Material Contracts 25 Section 3.15 Permits 26 Section 3.16 Insurance 27 Section 3.17 Employee Compensation and Employee Benefit Plans 27 Section 3.18 Employment and Labor Matters 29 Section 3.19 Taxes 30 Section 3.20 Compliance with Law 31 Section 3.21 Environmental Matters 31 Section 3.22 Brokers’ Fees 32 Section 3.23 Transactions with Affiliates 32 Section 3.24 Unlawful Payments 32 Section 3.25 Title to Properties 33 Section 3.26 Warranty and Related Matters 33 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF BUYERS 33 Section 4.1 Organization 33 Section 4.2 Authorization 33 TABLE OF CONTENTS (continued) Page Section 4.3 Governmental Consents; Non-Contravention 34 Section 4.4 Proceedings 34 Section 4.5 Financing 34 Section 4.6 Brokers’ Fees 35 Section 4.7 Purchase for Investment 35 Section 4.8 Independent Investigation 35 ARTICLE 5 COVENANTS 35 Section 5.1 Conduct of the Business 35 Section 5.2 Access to Information 38 Section 5.3 Consents and Approvals 38 Section 5.4 Daramic Name and Intellectual Property 39 Section 5.5 Brokers 40 Section 5.6 Preservation of Books and Records; Access 41 Section 5.7 Insurance 41 Section 5.8 Customer Contracts 41 Section 5.9 Confidential Microporous Information; Confidential Seller Information 41 Section 5.10 Release of Xxxx-Xxx Xxxx and other Buyer Indemnified Parties 43 Section 5.11 Taxes 43 Section 5.12 Further Assurances 46 Section 5.13 Employees and Employee Benefits 46 Section 5.14 Expenses 49 Section 5.15 Intercompany Debt 49 Section 5.16 Financing 49 Section 5.17 Non-Solicitation; Non-Compete 51 Section 5.18 Exclusivity 51
PURCHASE AND SALE 16. Section 2.1 Purchase Price; Deposit 16 Section 2.2 Conveyance 18 Section 2.3 Closing 19 Section 2.4 Withholding 19 Section 2.5 Prorations and Adjustment 19 Section 2.6 Adjustment for Purchase Rights 24 Section 2.7 Assumed Service Contracts 25 Section 2.8 ACS Lease 25 Section 2.9 CapEx Credit 26
PURCHASE AND SALE 16. 2.1 Purchase and Sale of Acquired Assets 16 2.2 Excluded Assets 17 2.3 Assumed Liabilities 18 2.4 Excluded Liabilities 19 ARTICLE 3 PURCHASE PRICE; CLOSING 21
PURCHASE AND SALE 16. Section 2.1. Purchase of the Purchased Shares. 16 Section 2.2. Purchase Price. 16
PURCHASE AND SALE 16. Section 2.01. Purchase and Sale of the Purchased Interests 16 Section 2.02. Purchase and Sale of Assets 16 Section 2.03. Excluded Assets 17 Section 2.04. Assumed Liabilities 19 Section 2.05. Excluded Liabilities 19 Section 2.06. Purchase Price 20 Section 2.07. Purchase Price Adjustment 21 Section 2.08. Allocation of Purchase Price 23 ARTICLE III CLOSING 24 Section 3.01. Closing 24 Section 3.02. Closing Deliverables 24 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLERS 26 Section 4.01. Organization and Qualification 26 Section 4.02. Authority of Sellers 27 Section 4.03. No Conflicts; Consents 27 Section 4.04. Financial Statements 28 Section 4.05. Absence of Certain Changes, Events and Conditions 28 Section 4.06. Material Contracts 29 Section 4.07. Transferred Assets 31 Section 4.08. Real Property 31 Section 4.09. Intellectual Property 31 Section 4.10. Data Protection 33 Section 4.11. Legal Proceedings; Governmental Orders 34 Section 4.12. Compliance with Laws; Permits 34 Section 4.13. Environmental Matters 34 Section 4.14. Employee Benefit Matters 34 Section 4.15. Employment Matters 36 Section 4.16. Taxes 36 Section 4.17. Accounts Receivable 37 Section 4.18. Customers and Suppliers 37 Section 4.19. Transactions with Affiliates 38 Section 4.20. Brokers 38 Section 4.21. Information Supplied 38 Section 4.22. No Other Representations and Warranties 38
PURCHASE AND SALE 16. Section 2.1 Purchase and Sale of the Equity Interests 16 Section 2.2 Purchase and Sale of the Purchased Assets 17 Section 2.3 Excluded Assets of the Business 19 Section 2.4 Assumption of Certain Obligations of the Business 20 Section 2.5 Retained Liabilities of the Business 22 Section 2.6 Purchase Price 23 Section 2.7 Purchase Price Adjustment 23 Section 2.8 Purchase Price Allocation 25 Section 2.9 Closing 26 Section 2.10 Further Conveyances 27 ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER 27
PURCHASE AND SALE 16. 2.1 Purchase and Sale 16 2.2 Pre-Completion Steps 17 2.3 Non Transferability 18 2.4 Assumption of Liabilities 19 2.5 Allocation of MDA Purchase Price 19 2.6 ETA Election 20 2.7 Accounts Receivable Election 20 2.8 Deferred Revenue Obligations 20 2.9 Social Services Tax Act 20 2.10 Section 167 of the ETA 20 ARTICLE 3 PURCHASE 20 3.1 Purchase Price 20 3.2 Payment of Purchase Price 21 3.3 Working Capital Adjustment 21 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF MDA 23 4.1 Organization and Standing 23 4.2 Capitalization 23 4.3 Authority and No Conflicts 24 4.4 Consents; Approvals 26 4.5 No Defaults 26 4.6 Absence of Certain Changes or Events 27 4.7 No Undisclosed Liabilities 27 4.8 Employment Matters 27 4.9 Financial Statements 29 4.10 Contracts 29 4.11 Laws; Certain Business Practices 33 4.12 Export Control Laws 33 4.13 Litigation 33 4.14 Environmental 34 4.15 Tax Matters 35 4.16 Pension and Employee Benefits 36 4.17 Compliance with Permits 39 4.18 Restrictions on Business Activities 40
PURCHASE AND SALE 16. 2.1 Purchase and Sale of Purchased Assets 16
