REPRESENTATIONS AND WARRANTIES OF SELLER 6. Section 4.1 Seller Is Holder of Loan and Assumed Rights and Obligations 6 Section 4.2 Disclaimer 6 Section 4.3 Covenants of Seller Until Closing 7
REPRESENTATIONS AND WARRANTIES OF SELLER 6. Section 2.1. Organization of Seller, the Company and the Company Subsidiary 6 Section 2.2. Authority; No Conflict; Required Filings and Consents 7 Section 2.3. Capitalization; Ownership of Interests 8 Section 2.4. Financial Statements 9 Section 2.5. No Undisclosed Liabilities 10 Section 2.6. Taxes 10 Section 2.7. Title to Personal Property; Liens 11 Section 2.8. Real Property 11 Section 2.9. Intellectual Property 14 Section 2.10. Agreements, Contracts and Commitments 14 Section 2.11. Litigation 16 Section 2.12. Environmental Matters 16 Section 2.13. Absence of Certain Changes or Events 17 Section 2.14. Permits; Compliance with Gaming Laws 17 Section 2.15. Personnel; Labor Matters 18 Section 2.16. Employee Benefits 19 ii Section 2.17. Brokers 21 Section 2.18. Minimum Cash 21 Section 2.19. Insurance 21 Section 2.20. Affiliate Interests and Transactions 21 Section 2.21. Vessel 21 ARTICLE III. REPRESENTATIONS AND WARRANTIES OF BUYER 23 Section 3.1. Organization 23 Section 3.2. Authority; No Conflict; Required Filings and Consents 23 Section 3.3. Brokers 24 Section 3.4. Financing 24 Section 3.5. Licensability 24 Section 3.6. Compliance with Gaming Laws 24 Section 3.7. Litigation 25 Section 3.8. No Distribution 25 ARTICLE IV. COVENANTS 26 Section 4.1. Conduct of Business of Seller 26 Section 4.2. Cooperation; Notice; Cure 29 Section 4.3. No Solicitation 29 Section 4.4. Employee Matters 30 Section 4.5. Access to Information and the Property 31 Section 4.6. Governmental Approvals 33 Section 4.7. Publicity 34 Section 4.8. Further Assurances and Actions 35 Section 4.9. Transfer Taxes; HSR Filing Fee 35 Section 4.10. Reservations; Loyalty Program; Guests; Chips 36
REPRESENTATIONS AND WARRANTIES OF SELLER 6. 2.1 Incorporation and Authority 6 2.2 Capitalization and Subsidiaries; Registration Rights; Voting Rights 7 2.3 No Conflict 9 2.4 Consents and Approvals 9 2.5 Financial Statements 10 2.6 No Undisclosed Material Liabilities 11 2.7 Litigation 11 2.8 Employee Benefits 12 2.9 Taxes 14 2.10 Absence of Certain Changes or Events 16 2.11 Title to Assets; Sufficiency of Assets 16 2.12 Real Property 16 2.13 Intellectual Property 17 2.14 Contracts 18 2.15 Compliance with Laws; Permits 19 2.16 Insurance 20 2.17 Environmental Matters 20 2.18 Financial Advisors 21 2.19 Transactions with Affiliates 21 2.20 Customers and Suppliers 22 ARTICLE III REPRESENTATIONS AND WARRANTIES OF INVESTOR 22 3.1 Incorporation and Authority of Investor 22 3.2 No Conflict 23 3.3 Consents and Approvals 23 3.4 Litigation 23 3.5 Financial Advisors 24 3.6 Financing 24 3.7 Guarantee 25 3.8 Operations of Investor 25 3.9 Investment Intent 25 3.10 Investor Acknowledgment 25
REPRESENTATIONS AND WARRANTIES OF SELLER 6. 2.1 Organization; Power and Authority; and Qualification 6
REPRESENTATIONS AND WARRANTIES OF SELLER 6. Section 4.1. Organization and Existence 6 Section 4.2. Power and Authority 6 Section 4.3. Valid and Binding Agreement 7 Section 4.4. Non-Contravention 7 Section 4.5. Approvals 7 Section 4.6. Pending Litigation 7 Section 4.7. Contracts 8 Section 4.8. Commitments, Abandonments or Proposals 8 Section 4.9. Production Sales Contracts 9 Section 4.10. Plugging and Abandonment 9 Section 4.11. Permits 9 Section 4.12. Payment of Expenses 9 Section 4.13. Compliance with Laws 10 Section 4.14. Imbalances; Prepayments 10 Section 4.15. Intellectual Property 10 Section 4.16. Taxes 10 Section 4.17. Fees and Commissions 11 Section 4.18. Equipment; Easements and Rights of Way 11 Section 4.19. Title to Non-Oil and Gas Properties 11 Section 4.20. Additional Seller's Representations and Warranties 12 Section 4.21. Absence of Certain Changes 13 Section 4.22. Disclaimer of Warranties 13
REPRESENTATIONS AND WARRANTIES OF SELLER 6. 4.1 Organization and Standing 6 4.2 Authorization, Validity and Effect 6 4.3 Capitalization 6 4.4 Title 7 4.5 No Conflict; Required Filings and Consents 7 4.6 Financial Statements 7 4.7 Taxes 8 4.8 Properties, Assets and Leases 8 4.9 Employee Benefit Plans 9 4.10 Company Contracts 10 4.11 Legal Proceedings 11 4.12 Year 2000 Compliance 11 4.13 Compliance with Laws 11 4.14 Environmental Matters 11 4.15 Intellectual Property 12 4.16 No Brokers 12 4.17 Company Employees 12 4.18 Bank Accounts 12
REPRESENTATIONS AND WARRANTIES OF SELLER 6. 3.1 Organization and Authority of Seller; Enforceability 6 3.2 No Conflicts; Consents 7 3.3 Title to Assets 7 3.4 Tax Matters 7 3.5 Assumed Contracts 7 3.6 Intellectual Property Rights 8 3.7 Legal Proceedings 9 3.8 Brokerage 9 3.9 Compliance with Laws; Permits 9 3.10 Environmental Matters 9 3.11 Inventory 9 3.12 Financial Statements 9 3.13 Warranties 10 3.14 No Other Representations or Warranties 10
