PURCHASE AND SALE 15. Section 2.1. Purchase Orders; Change Orders in Advance of Shipment 15 Section 2.2. Payment of Purchase Price 16 Section 2.3. Purchase and Sale of Facilities 19 Section 2.4. PPA Termination and Re-Purchase of Facilities 19
PURCHASE AND SALE 15. Section 2.01 Purchase and Sale of Transferred Units 15 Section 2.02 Closing 16 Section 2.03 Closing Deliveries by the SGA Parties 16 Section 2.04 Closing Deliveries by the Purchaser 17 Section 2.05 Closing Estimates; Closing Statement; and Purchase Price Adjustment 17 Section 2.06 Consenting Client Run Rate True-Up 19 Section 2.07 Seller Representative 20 Section 2.08 Withholding 22 Article III REPRESENTATIONS AND WARRANTIES OF THE SGA COMPANY PARTIES 23 Section 3.01 Existence and Power 23 Section 3.02 Authorization 23 Section 3.03 Capitalization and Ownership; Subsidiaries 24 Section 3.04 No Conflict 25 Section 3.05 Governmental Consents and Approvals 26 Section 3.06 Financial Information 26 Section 3.07 Absence of Undisclosed Material Liabilities 26 Section 3.08 Conduct in the Ordinary Course 27 Section 3.09 Assets Under Management; Advisory Agreements 27 Section 3.10 Litigation 29 Section 3.11 Compliance with Laws; Regulatory Matters 29 Section 3.12 Intellectual Property 31 Section 3.13 Insurance 32 Section 3.14 Properties and Assets 32 Section 3.15 Employee Matters 33 Section 3.16 Taxes 36 Section 3.17 Material Contracts 38 Section 3.18 Accounting Controls 40 Section 3.19 Affiliate Transactions 40 Section 3.20 Brokers 40 Section 3.21 Certain Assets 40 Article IV REPRESENTATIONS AND WARRANTIES OF THE PURCHASER 41 Section 4.01 Existence and Power 41 Section 4.02 Authorization 41 Section 4.03 No Conflict 41 i TABLE OF CONTENTS (cont’d) Page Section 4.04 Governmental Consents and Approvals 42 Section 4.05 Investment Purpose 42 Section 4.06 Available Funds 42 Section 4.07 Litigation 42 Section 4.08 Statutory Disqualification 42 Section 4.09 Brokers 42 Section 4.10 No Other Representations or Warranties 43 Article V ADDITIONAL AGREEMENTS 43 Section 5.01 Conduct of Business Prior to the Closing 43 Section 5.02 Access to Information 45 Section 5.03 Notice of Certain Events 46 Section 5.04 Confidentiality 46 Section 5.05 Commercially Reasonable Efforts; Further Assurances 46 Section 5.06 Client Consents 47 Section 5.07 Registered Fund Approvals 48 Section 5.08 Transfer of Securities 50 Section 5.09 Tax Covenants 50 Section 5.10 Estancia Covenants 50 Section 5.11 Certain Agreements 51 Article VI TAX MATTERS 51 Section 6.01 Tax Matters 51
PURCHASE AND SALE 15. Section 2.01. Purchase and Sale of Assets 15 Section 2.02. Excluded Assets 16 Section 2.03. Liabilities 17 Section 2.04. Purchase Price 18 Section 2.05. Closing 18 Section 2.06. Closing Deliveries by Sellers 18 Section 2.07. Closing Deliveries by Buyer 21 Section 2.08. Allocation 22 Section 2.09. Prorations, Adjustment and Post-Closing Payment 22
PURCHASE AND SALE 15. Section 2.1 Purchase and Sale of the Acquired Assets 15 Section 2.2 Excluded Assets 17 Section 2.3 Assumed Liabilities 18 Section 2.4 Excluded Liabilities 19 Section 2.5 Inventory 20 Section 2.6 Assignments 20 Section 2.7 Further Assurances 21 ARTICLE III PURCHASE PRICE 22
PURCHASE AND SALE 15. Section 2.1 Purchase and Sale of Assets 15 Section 2.2 Excluded Assets 18 Section 2.3 Assumed Liabilities 19 Section 2.4 Excluded Liabilities 20 Section 2.5 Assignment and Assumption of Contracts 22 Section 2.6 Allocation 26 Section 2.7 Non-Assignment of Acquired Assets 27 Section 2.8 Further Conveyances and Assumptions 28 ARTICLE 3 PURCHASE PRICE 28 Section 3.1 Purchase Price 28 Section 3.2 Closing Payment 28 ARTICLE 4 THE CLOSING 28 Section 4.1 Time and Place of the Closing 28 Section 4.2 Deliveries by Seller 29 Section 4.3 Deliveries by Buyer 30
PURCHASE AND SALE 15. Section 2.1. Purchase and Sale 15 Section 2.2. Closing 15 Section 2.3. Post-Closing Adjustment of the Closing Purchase Price 17 Section 2.4. No Set-off 21 Section 2.5. Withholding 21
PURCHASE AND SALE 15. Section 2.1 The Purchase and Sale 15 Section 2.2 Preliminary Purchase Price 16 Section 2.3 Closing Payments 16 Section 2.4 Treatment of Options 17 Section 2.5 Purchase Price Adjustment 18
PURCHASE AND SALE 15. Section 2.1 Purchase and Sale of the Equity Interests 15 Section 2.2 Purchase Price 16 Section 2.3 Closing Payment 16 Section 2.4 Closing 16 Section 2.5 Deliveries by Buyer 16 Section 2.6 Deliveries by Seller 16 Section 2.7 Final Payment 17 Section 2.8 Payments 19 Section 2.9 Buyer Repurchase Election 19 Section 2.10 Seller Repurchase Election 20 Section 2.11 Calculation of the Repurchase Purchase Price; Payment of the Repurchase Purchase Price 21
PURCHASE AND SALE 15. Section 2.1 Issuance of the Subscription Shares 15
PURCHASE AND SALE 15. Section 2.1 Purchase and Sale of the Shares 15
