REPRESENTATIONS AND WARRANTIES OF PVI. 21 3.1 Organization................................................ 21 3.2
REPRESENTATIONS AND WARRANTIES OF PVI. Except as set forth in the schedule of exceptions attached hereto as Schedule 3 (the "PVI Schedule of Exceptions") or as otherwise contemplated in ---------- this Agreement, PVI represents and warrants to IMSL and Sub as of the date hereof as follows:
REPRESENTATIONS AND WARRANTIES OF PVI. PVI represents and warrants to the Company that the statements contained in this Article III are true and correct on the date hereof, except as set forth in the disclosure schedule provided by PVI to the Company (the “PVI Disclosure Schedule”). The PVI Disclosure Schedule shall be arranged in paragraphs corresponding to the numbered and lettered paragraphs contained in this Article III; and to the extent that it is clear from the context thereof that such disclosure also applies to any other numbered paragraph contained in this Article III, the disclosures in any numbered paragraph of the Disclosure Schedule shall qualify such other corresponding numbered paragraph in this Article III. For purposes of this Article III, the phrase “to the knowledge of PVI” or any phrase of similar import shall be deemed to refer to the actual knowledge of any officer of PVI as well as any other knowledge which such person would have possessed had such person made reasonable inquiry of appropriate officers, directors and key employees of PVI and the accountants and attorneys of PVI.
