Common use of PURCHASE AND SALE 21 Clause in Contracts

PURCHASE AND SALE 21. Section 2.1 Purchase and Sale of Assets; Assumption of Liabilities. 21 Section 2.2 Purchased and Excluded Assets. 21 Section 2.3 Assumed and Retained Liabilities. 26 Section 2.4 Non-Assignability. 29 ARTICLE III CLOSING; PURCHASE PRICE 31 Section 3.1 Closing. 31 Section 3.2 Purchase Price. 31 Section 3.3 Allocation. 32 Section 3.4 Prorations. 33 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLERS 34 Section 4.1 Organization and Good Standing. 34 Section 4.2 Authorization; Enforceability. 34 Section 4.3 Noncontravention; Consents. 34 Section 4.4 Subsidiaries. 35 Section 4.5 Reports and Financial Statements; Internal Controls. 35 Section 4.6 Absence of Certain Changes and Events. 36 Section 4.7 Title to and Sufficiency of Assets. 38 Section 4.8 Compliance with Laws; Permits. 38 Section 4.9 Environmental Laws. 39 Section 4.10 Employee Benefit Plans. 39 Section 4.11 Labor Matters. 41 Section 4.12 Investigations; Litigation. 42 Section 4.13 Tax Matters. 42 Section 4.14 Intellectual Property and IT Systems. 43 Section 4.15 Real Property. 44 Section 4.16 Material Contracts. 45 Section 4.17 Dealer Sales and Service Agreements for Continuing Brands. 46 Section 4.18 Sellers’ Products. 46 Section 4.19 Certain Business Practices. 46 Section 4.20 Brokers and Other Advisors. 47 Section 4.21 Investment Representations. 47 Section 4.22 No Other Representations or Warranties of Sellers. 48 ARTICLE V REPRESENTATIONS AND WARRANTIES OF PURCHASER 48 Section 5.1 Organization and Good Standing. 48 Section 5.2 Authorization; Enforceability. 48 Section 5.3 Noncontravention; Consents. 49 Section 5.4 Capitalization. 49 Section 5.5 Valid Issuance of Shares. 51 Section 5.6 Investment Representations. 51 Section 5.7 Continuity of Business Enterprise. 51 Section 5.8 Integrated Transaction. 52 Section 5.9 No Other Representations or Warranties of Sellers. 52 ARTICLE VI COVENANTS 52 Section 6.1 Access to Information. 52 Section 6.2 Conduct of Business. 53 Section 6.3 Notices and Consents. 57 Section 6.4 Sale Procedures; Bankruptcy Court Approval. 58 Section 6.5 Supplements to Excluded Assets, Assumed Liabilities and Retained Liabilities. 59 Section 6.6 Assumption or Rejection of Contracts. 60

PURCHASE AND SALE 21. Section 2.1 2.01. Purchase and Sale of Assets; Assumption of Liabilities. 21 Section 2.2 Purchased and Excluded Assets2.02. 21 Section 2.3 Assumed and Retained LiabilitiesClosing Statement. 26 Section 2.4 Non-Assignability22 2.03. 29 ARTICLE III CLOSING; PURCHASE PRICE 31 Section 3.1 Closing. 31 Section 3.2 Purchase Price. 22 2.04. Proration of Operating Expenses. 22 2.05. Allocation 24 2.06. Withholding. 25 ARTICLE III REPRESENTATIONS AND WARRANTIES Regarding THE SELLER 26 3.01. Organization and Good Standing. 26 3.02. Authority and Enforceability. 26 3.03. Non-Contravention. 26 3.04. Consents and Approvals. 27 3.05. Financial Statements; No Undisclosed Liabilities. 27 3.06. Absence of Certain Changes. 28 3.07. Ownership and Condition of Assets. 28 3.08. Seller Intellectual Property. 29 3.09. Privacy and Data Security. 31 Section 3.3 Allocation3.10. Material Contracts. 31 3.11. Leases. 32 Section 3.4 Prorations3.12. 33 Compliance with Law. 32 3.13. Litigation. 34 3.14. Employee Matters; Employee Benefit Plans. 34 3.15. Tax Matters. 36 3.16. Insurance. 37 3.17. Environmental Matters. 37 3.18. Investment Advisers. 38 3.19. Investment Adviser Matters. 38 i 3.20. Newbury Funds; Fund Documents; and Investors. 40 3.21. Brokers and Finders. 41 3.22. Affiliate Transactions. 42 3.23. Limitations on Representations and Warranties. 42 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLERS 34 Section 4.1 REGARDING THE BUYER PARTIES 42 4.01. Organization and Good Standing. 34 Section 4.2 Authorization; 42 4.02. Authority and Enforceability. 34 Section 4.3 Noncontravention; Consents42 4.03. 34 Section 4.4 SubsidiariesNon-Contravention. 35 Section 4.5 Reports 43 4.04. Consents and Financial Statements; Internal ControlsApprovals. 35 Section 4.6 Absence of Certain Changes 43 4.05. Litigation. 43 4.06. Brokers and EventsFinders. 36 Section 4.7 Title to and 43 4.07. Sufficiency of AssetsFunds. 38 Section 4.8 43 4.08. Solvency. 44 4.09. Compliance with Laws; Permits. 38 Section 4.9 Environmental Laws. 39 Section 4.10 Employee Benefit Plans. 39 Section 4.11 Labor Matters. 41 Section 4.12 Investigations; Litigation. 42 Section 4.13 Tax Matters. 42 Section 4.14 Intellectual Property and IT Systems. 43 Section 4.15 Real Property. 44 Section 4.16 Material Contracts4.10. 45 Section 4.17 Dealer Sales Acknowledgement; Limitations on Representations and Service Agreements for Continuing BrandsWarranties. 46 Section 4.18 Sellers’ Products. 46 Section 4.19 Certain Business Practices. 46 Section 4.20 Brokers and Other Advisors. 47 Section 4.21 Investment Representations. 47 Section 4.22 No Other Representations or Warranties of Sellers. 48 ARTICLE V REPRESENTATIONS AND WARRANTIES OF PURCHASER 48 Section 5.1 Organization and Good Standing. 48 Section 5.2 Authorization; Enforceability. 48 Section 5.3 Noncontravention; Consents. 49 Section 5.4 Capitalization. 49 Section 5.5 Valid Issuance of Shares. 51 Section 5.6 Investment Representations. 51 Section 5.7 Continuity of Business Enterprise. 51 Section 5.8 Integrated Transaction. 52 Section 5.9 No Other Representations or Warranties of Sellers. 52 ARTICLE VI COVENANTS 52 Section 6.1 Access to Information. 52 Section 6.2 Conduct of Business. 53 Section 6.3 Notices and Consents. 57 Section 6.4 Sale Procedures; Bankruptcy Court Approval. 58 Section 6.5 Supplements to Excluded Assets, Assumed Liabilities and Retained Liabilities. 59 Section 6.6 Assumption or Rejection of Contracts. 6044

PURCHASE AND SALE 21. Section 2.1 Purchase and Sale of Assets; Assumption of Liabilities. the Belgian DAT Business 21 Section 2.2 Purchased Purchase and Excluded Assets. Sale of the Israeli Equity 21 Section 2.3 Assumed Purchase and Retained Liabilities. 26 Sale of the Other Acquired Assets Comprising the Business 21 Section 2.4 Non-Assignability. 29 ARTICLE III CLOSING; PURCHASE PRICE 31 [Intentionally Deleted] 22 Section 3.1 Closing. 31 Section 3.2 Purchase Price. 31 Section 3.3 Allocation. 32 Section 3.4 Prorations. 33 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF SELLERS 34 Section 4.1 Organization and Good Standing. 34 Section 4.2 Authorization; Enforceability. 34 Section 4.3 Noncontravention; Consents. 34 Section 4.4 Subsidiaries. 35 Section 4.5 Reports and Financial Statements; Internal Controls. 35 Section 4.6 Absence of Certain Changes and Events. 36 Section 4.7 Title to and Sufficiency of Assets. 38 Section 4.8 Compliance with Laws; Permits. 38 Section 4.9 Environmental Laws. 39 Section 4.10 Employee Benefit Plans. 39 Section 4.11 Labor Matters. 41 Section 4.12 Investigations; Litigation. 42 Section 4.13 Tax Matters. 42 Section 4.14 Intellectual Property and IT Systems. 43 Section 4.15 Real Property. 44 Section 4.16 Material Contracts. 45 Section 4.17 Dealer Sales and Service Agreements for Continuing Brands. 46 Section 4.18 Sellers’ Products. 46 Section 4.19 Certain Business Practices. 46 Section 4.20 Brokers and Other Advisors. 47 Section 4.21 Investment Representations. 47 Section 4.22 No Other Representations or Warranties of Sellers. 48 ARTICLE V REPRESENTATIONS AND WARRANTIES OF PURCHASER 48 Section 5.1 Organization and Good Standing. 48 Section 5.2 Authorization; Enforceability. 48 Section 5.3 Noncontravention; Consents. 49 Section 5.4 Capitalization. 49 Section 5.5 Valid Issuance of Shares. 51 Section 5.6 Investment Representations. 51 Section 5.7 Continuity of Business Enterprise. 51 Section 5.8 Integrated Transaction. 52 Section 5.9 No Other Representations or Warranties of Sellers. 52 ARTICLE VI COVENANTS 52 Section 6.1 Access to Information. 52 Section 6.2 Conduct of Business. 53 Section 6.3 Notices and Consents. 57 Section 6.4 Sale Procedures; Bankruptcy Court Approval. 58 Section 6.5 Supplements to Excluded Assets, 2.5 Assumed Liabilities and Retained Liabilities. 59 Excluded Liabilities 22 Section 6.6 Assumption 2.6 Treatment of Intercompany Accounts 22 Section 2.7 Purchase Price 22 Section 2.8 Closing 22 Section 2.9 Deliveries at Closing 23 Section 2.10 Working Capital Adjustment and Transferred Cash 26 Section 2.11 Allocation 28 Section 2.12 Non-Transferability 28 Section 2.13 No Partial Transfer 29 Section 2.14 Multi-Site Contracts 29 Section 3.1 Organization of Sellers 30 Section 3.2 Authorization of Transaction 30 Section 3.3 Non-Contravention 30 Section 3.4 Constitution and Organization of Acquired Subsidiaries; Acquired Equity 31 Section 3.5 Acquired Assets, Acquired Equity and Acquired Subsidiaries Assets 32 Section 3.6 Financial Statements 33 Section 3.7 No Undisclosed Liabilities 33 Section 3.8 Events Subsequent to Most Recent Quarter End 33 Section 3.9 Real Property 35 Section 3.10 Material Contracts 35 Section 3.11 Government Contracts 37 Section 3.12 Intellectual Property 38 Section 3.13 Taxes 39 Section 3.14 Legal Compliance 41 Section 3.15 Litigation 41 Section 3.16 Product Warranty 41 Section 3.17 Product Liability 41 Section 3.18 Permits 41 Section 3.19 Environmental, Health or Rejection Safety Matters 41 Section 3.20 Labor Relations 42 Section 3.21 Employees Benefit Plans and Employees 43 Section 3.22 Export Control and Sanctions Laws 45 Section 3.23 Brokers’ Fees 45 Section 3.24 Anti-Corruption Laws 45 Section 3.25 Import Laws 46 Section 3.26 Anti-Boycott Laws 47 Section 3.27 Industrial Security 47 Section 3.28 U.S. Foreign Military Financing Program 47 Section 3.29 Subsidies 48 Section 3.30 Disclaimer of Contracts. 60Other Representations and Warranties 48