Accuracy of Representations and Warranties; Performance of Obligations. (a) The representations and warranties of Gart and MergerSub contained in this Agreement shall be true and correct except where the failure to be true and correct would not have a Material Adverse Effect on Gart and its Subsidiaries taken as a whole (it being understood that, notwithstanding anything to the contrary contained in this Agreement, for the sole purpose of determining whether there has been a Material Adverse Effect as a result of any inaccuracy of a representation or warranty of Gart or MergerSub, such representation or warranty shall be read as if it were not qualified by "material" or "Material Adverse Effect"), in each case on the date hereof and at the Effective Time (unless the representations and warranties address matters as of a particular date, in which case they shall remain true and correct in all respects as of such date). (b) Each of Gart and MergerSub shall have performed or complied in all material respects with all covenants contained in this Agreement or in any agreement, certificate or instrument to be executed by such party pursuant hereto required to be performed or complied with by such party either at or prior to the Closing.
Appears in 2 contracts
Samples: Merger Agreement (Gart Sports Co), Merger Agreement (Oshmans Sporting Goods Inc)
Accuracy of Representations and Warranties; Performance of Obligations. (a) The representations and warranties of Gart and MergerSub the Company contained in this Agreement shall be true and correct except where the failure to be true and correct would not have a Material Adverse Effect on Gart the Company and its Subsidiaries taken as a whole (it being understood that, notwithstanding anything to the contrary contained in this Agreement, for the sole purpose of determining whether there has been a Material Adverse Effect as a result of any inaccuracy of a representation or warranty of Gart or MergerSubthe Company, such representation or warranty shall be read as if it were not qualified by "material" or "Material Adverse Effect"), in each case on the date hereof and at the Effective Time (unless the representations and warranties address matters as of a particular date, in which case they shall remain true and correct in all respects as of such date).
(b) Each of Gart and MergerSub The Company shall have performed or complied in all material respects with all covenants contained in this Agreement or in any agreement, certificate or instrument to be executed by such party the Company pursuant hereto required to be performed or complied with by such party the Company either at or prior to the Closing.
Appears in 2 contracts
Samples: Merger Agreement (Gart Sports Co), Merger Agreement (Oshmans Sporting Goods Inc)