Common use of Purchase and Sale of the Company Interests Clause in Contracts

Purchase and Sale of the Company Interests. 16 Section 2.1 Purchase and Sale of the Company Interests 17 Section 2.2 Payment of Purchase Price 17 Section 2.3 Closing 17 Section 2.4 Funds Flow Schedule; Purchase Price Adjustment 18 Section 2.5 Transfer Taxes 20 Section 2.6 Pre-Closing Transactions 20 Section 2.7 Withholding Taxes 20 Article III. REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY ENTITIES 21 Section 3.1 Organization 21 Section 3.2 Noncontravention 22 Section 3.3 Capitalization 22 Section 3.4 Ownership 22 Section 3.5 Government Authorizations 22 Section 3.6 Financial Statements 23 Section 3.7 Undisclosed Liabilities 23 Section 3.8 Absence of Certain Changes 23 Section 3.9 Tax Matters 23 Section 3.10 Real Property 25 Section 3.11 Environmental Matters 25 Section 3.12 Contracts 26 Section 3.13 Insurance 26 Section 3.14 Litigation 27 Section 3.15 Employee Benefits 27 Section 3.16 Labor Matters 27 Section 3.17 Legal Compliance 28 Section 3.18 Brokers’ Fees 28 Section 3.19 Permits 28 Section 3.20 Intellectual Property; IT Systems 29 Section 3.21 Privacy and Data Security 29 Section 3.22 Holding Company 30 Section 3.23 Intra-group Restructuring 30 Section 3.24 Anti-Bribery Laws 30 Article IV. REPRESENTATIONS AND WARRANTIES REGARDING SELLER 31 Section 4.1 Organization 31 Section 4.2 Authorization 31 Section 4.3 Noncontravention 31 Section 4.4 Brokers’ Fees 31 Section 4.5 Litigation 31 Section 4.6 No Additional Representations and Warranties 32 Article V. REPRESENTATIONS AND WARRANTIES REGARDING BUYER 32 Section 5.1 Organization 32 Section 5.2 Authorization 33 Section 5.3 Noncontravention 33 Section 5.4 Government Authorizations 33 Section 5.5 Financial Capacity 33 Section 5.6 Investment 33 Section 5.7 Litigation 34 Section 5.8 Brokers’ Fees 34 Section 5.9 Information 34 Section 5.10 No Adverse Proceedings 35 Section 5.11 Solvency 35 Article VI. COVENANTS 35 Section 6.1 Conduct of the Companies 35 Section 6.2 Exceptions 37 Section 6.3 Access to Information; Confidentiality 39 Section 6.4 Consents and Approvals 41 Section 6.5 Public Announcements 43 Section 6.6 Post-Closing Access; Preservation of Records 43 Section 6.7 Tax Indemnification; Tax Matters 44 Section 6.8 Insurance 48 Section 6.9 Termination of Affiliate Contracts 48 Section 6.10 Post-Closing Commercially Reasonable Efforts 48 Section 6.11 Employee Relations and Benefits 49 Section 6.12 Pre-Closing Further Assurances 49 Section 6.13 Post-Closing Further Assurances 49 Section 6.14 Use of Certain Names 49 Section 6.15 Directors’ and Officers’ Indemnity and Insurance 50 Section 6.16 Registration and Publication of Excerpt 51 Section 6.17 Post-signing Breach Notification 51

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sempra Energy)

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Purchase and Sale of the Company Interests. 16 18 Section 2.1 Purchase and Sale of the Company Interests 17 18 Section 2.2 Payment of Purchase Price 17 18 Section 2.3 Closing 17 18 Section 2.4 Funds Flow Schedule; Purchase Price Adjustment 18 Adjustments 20 Section 2.5 Purchase Price Allocation 22 Section 2.6 Transfer Taxes 20 Section 2.6 Pre-Closing Transactions 20 Section 2.7 Withholding Taxes 20 22 Article III. REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY ENTITIES 21 23 Section 3.1 Organization 21 23 Section 3.2 Noncontravention 22 23 Section 3.3 Capitalization 22 24 Section 3.4 Ownership 22 24 Section 3.5 Government Authorizations 22 24 Section 3.6 Financial Statements 23 24 Section 3.7 Undisclosed Liabilities 23 25 Section 3.8 Absence of Certain Changes 23 25 Section 3.9 Tax Matters 23 25 Section 3.10 Real Property 25 26 Section 3.11 Environmental Matters 25 27 Section 3.12 Contracts 26 28 Section 3.13 Insurance 26 28 Section 3.14 Litigation 27 28 Section 3.15 Employee Benefits 27 Matters 29 Section 3.16 Labor Matters 27 29 Section 3.17 Legal Compliance 28 29 Section 3.18 Brokers’ Fees 28 29 Section 3.19 Permits 28 30 Section 3.20 Intellectual Property; IT Systems 29 Regulatory Status 30 Section 3.21 Privacy and Data Security 29 Intellectual Property 30 Section 3.22 Holding Company 30 JV Project Companies 31 Section 3.23 IntraNon-group Restructuring 30 JV Project Company Assets 31 Section 3.24 Anti-Bribery Laws 30 Due Diligence Materials 31 Article IV. REPRESENTATIONS AND WARRANTIES REGARDING SELLER 31 32 Section 4.1 Organization 31 32 Section 4.2 Authorization 31 32 Section 4.3 Noncontravention 31 32 Section 4.4 Brokers’ Fees 31 32 Section 4.5 Litigation 31 32 Section 4.6 No Additional Representations and Warranties 32 Article V. REPRESENTATIONS AND WARRANTIES REGARDING BUYER 32 33 Section 5.1 Organization 32 33 Section 5.2 Authorization 33 Section 5.3 Noncontravention 33 Section 5.4 Government Authorizations 33 34 Section 5.5 Financial Capacity 33 34 Section 5.6 Investment 33 34 Section 5.7 Litigation 34 Section 5.8 Brokers’ Fees 34 Section 5.9 Information 34 Section 5.10 No Adverse Proceedings Energy-Related Holdings 35 Section 5.11 No Foreign Control 35 Section 5.12 Tax Matters 36 Section 5.13 Solvency 35 36 Article VI. COVENANTS 35 36 Section 6.1 Conduct of the Companies 35 Company 36 Section 6.2 Exceptions 37 Section 6.3 Access to Information; Confidentiality 39 Section 6.3 Further Assurances 40 Section 6.4 Consents and Approvals 41 Section 6.5 Public Announcements 43 42 Section 6.6 Post-Closing Access; Preservation of Records 43 Section 6.7 Tax Indemnification; Tax Matters 44 43 Section 6.8 Insurance 48 46 Section 6.9 Support Obligations 46 Section 6.10 Employee Relations and Benefits 46 Section 6.11 Sale or Disposal of Company Interests 49 Section 6.12 Termination of Affiliate Contracts 48 49 Section 6.10 6.13 Transfer Restrictions Under Joint Venture Agreements 49 Section 6.14 Replacement of O&M and Shared Facility and Common Facility Agreements 50 Section 6.15 Post-Closing Commercially Reasonable Efforts 48 50 Section 6.11 Employee Relations and Benefits 49 Section 6.12 Pre-Closing Further Assurances 49 Section 6.13 6.16 Post-Closing Further Assurances 49 Section 6.14 Use of Certain Names 49 Section 6.15 Directors’ and Officers’ Indemnity and Insurance 50 Section 6.16 Registration 6.17 PXiSE Energy Solutions, LLC License 50 Section 6.18 Cooperation with Financing 51 Article VII. CONDITIONS TO CLOSING 52 Section 7.1 Conditions Precedent to Obligations of Buyer and Publication Seller 52 Section 7.2 Conditions Precedent to Obligations of Excerpt 51 Seller 52 Section 6.17 Post7.3 Conditions Precedent to Obligations of Buyer 53 Article VIII. SURVIVAL, INDEMNIFICATION AND REMEDIES 54 Section 8.1 Survival 54 Section 8.2 Indemnification 55 Section 8.3 Method of Asserting Claims 56 Section 8.4 Limitations on Remedies 57 Section 8.5 Exclusive Remedies 60 Section 8.6 Tax Characterization 60 Article IX. TERMINATION 60 Section 9.1 Termination Events 60 Section 9.2 Effect of Termination 61 Article X. MISCELLANEOUS 61 Section 10.1 Parties in Interest 61 Section 10.2 Assignment 61 Section 10.3 Notices 62 Section 10.4 Amendments and Waivers 63 Section 10.5 Exhibits and Schedules 63 Section 10.6 Headings 63 Section 10.7 Construction 63 Section 10.8 Entire Agreement 64 Section 10.9 Severability 64 Section 10.10 Expenses 64 Section 10.11 No Recourse Against Non-signing Breach Notification 51Recourse Persons 65 Section 10.12 Specific Performance 65 Section 10.13 Legal Representation 66 Section 10.14 Governing Law 67 Section 10.15 Binding Arbitration 67 Section 10.16 Counterparts 68 SCHEDULES* Schedule A JV Projects Schedule B Non-JV Projects Schedule C Accounting Principles Schedule D Applicable Percentages Buyer Disclosure Schedule Seller Disclosure Schedule EXHIBITS* Exhibit A Form of Buyer Parent Guaranty Exhibit B Form of Seller Parent Guaranty Exhibit C Form of Assignment and Assumption Agreement Exhibit D Form of FIRPTA Certificate Exhibit E Transition Services Agreement Exhibit F Capital Expenditures Budget Exhibit G Licensing Option Agreement * The schedules and exhibits hereto are omitted pursuant to Item 601(b)(2) of Regulation S-K. Consolidated Edison, Inc. agrees to furnish supplementally to the Securities and Exchange Commission, upon request, a copy of any omitted schedule or exhibit. PURCHASE AND SALE AGREEMENT This Purchase and Sale Agreement is entered into as of September 20, 2018, by and between Sempra Solar Portfolio Holdings, LLC, a Delaware limited liability company (“Seller”), and CED Southwest Holdings, Inc., a New York corporation (“Buyer”). Each of Seller and Buyer is, individually, a “Party,” and, collectively, they are the “Parties.”

Appears in 1 contract

Samples: Purchase and Sale Agreement (Consolidated Edison Co of New York Inc)

Purchase and Sale of the Company Interests. 16 Section 2.1 Purchase and Sale of the Company Interests 16 Section 2.2 Closing 16 Section 2.3 Transactions to be Effected at the Closing 16 Section 2.4 Purchase Price Adjustments 17 Section 2.2 Payment of Purchase Price 17 Section 2.3 Closing 17 Section 2.4 Funds Flow Schedule; Purchase Price Adjustment 18 Section 2.5 Transfer Taxes Earnout 20 Section 2.6 Pre-Closing Transactions 20 Purchase Price Allocation 23 Section 2.7 Transfer Taxes 23 Section 2.8 Tax Withholding Taxes 20 Article III. 24 ARTICLE III REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY ENTITIES 21 24 Section 3.1 Organization 21 Organization; Business 24 Section 3.2 Noncontravention 22 24 Section 3.3 Capitalization 22 25 Section 3.4 Ownership 22 25 Section 3.5 Indebtedness 25 Section 3.6 Government Authorizations 22 25 Section 3.6 3.7 Financial Statements 23 25 Section 3.7 3.8 Undisclosed Liabilities 23 26 Section 3.8 3.9 Absence of Certain Changes 23 26 Section 3.9 3.10 Tax Matters 23 26 Section 3.10 3.11 Real Property 25 28 Section 3.11 3.12 Environmental Matters 25 Section 3.12 Contracts 26 29 Section 3.13 Insurance 26 Contracts 29 Section 3.14 Litigation 27 Insurance 29 Section 3.15 Employee Benefits 27 Litigation 30 Section 3.16 Employee and Benefit Matters 30 Section 3.17 Labor Matters 27 30 Section 3.17 3.18 Legal Compliance 28 Section 3.18 Brokers’ Fees 28 30 Section 3.19 Permits 28 Section 3.20 Intellectual Property; IT Systems 29 Section 3.21 Privacy and Data Security 29 Section 3.22 Holding Company 30 Section 3.23 Intra-group Restructuring 30 Section 3.24 Anti-Bribery Laws 30 Article IV. REPRESENTATIONS AND WARRANTIES REGARDING SELLER 31 Section 4.1 Organization 31 Section 4.2 Authorization 31 Section 4.3 Noncontravention 31 Section 4.4 Brokers’ Fees 31 Section 4.5 Litigation 3.20 Permits 31 Section 3.21 Regulatory Status 31 Section 3.22 Intellectual Property 32 Section 3.23 Company Entity Assets 32 Section 3.24 Bank Accounts 32 Section 3.25 Solvency 32 ARTICLE IV REPRESENTATIONS AND WARRANTIES REGARDING SELLERS 33 Section 4.1 Organization 33 Section 4.2 Company Ownership 33 Section 4.3 Tax Matters 33 Section 4.4 Authorization 33 Section 4.5 Noncontravention 33 Section 4.6 Brokers’ Fees 33 Section 4.7 Litigation 34 Section 4.8 Government Authorizations 34 Section 4.9 Legal Compliance 34 Section 4.10 Solvency 34 Section 4.11 No Additional Representations and Warranties 32 Article V. REPRESENTATIONS AND WARRANTIES REGARDING BUYER 32 Section 5.1 Organization 32 Section 5.2 Authorization 33 Section 5.3 Noncontravention 33 Section 5.4 Government Authorizations 33 Section 5.5 Financial Capacity 33 Section 5.6 Investment 33 Section 5.7 Litigation 34 Section 5.8 Brokers’ Fees 34 Section 5.9 Information 34 Section 5.10 No Adverse Proceedings 35 Section 5.11 Solvency 35 Article VI. COVENANTS 35 Section 6.1 Conduct of the Companies 35 Section 6.2 Exceptions 37 Section 6.3 Access to Information; Confidentiality 39 Section 6.4 Consents and Approvals 41 Section 6.5 Public Announcements 43 Section 6.6 Post-Closing Access; Preservation of Records 43 Section 6.7 Tax Indemnification; Tax Matters 44 Section 6.8 Insurance 48 Section 6.9 Termination of Affiliate Contracts 48 Section 6.10 Post-Closing Commercially Reasonable Efforts 48 Section 6.11 Employee Relations and Benefits 49 Section 6.12 Pre-Closing Further Assurances 49 Section 6.13 Post-Closing Further Assurances 49 Section 6.14 Use of Certain Names 49 Section 6.15 Directors’ and Officers’ Indemnity and Insurance 50 Section 6.16 Registration and Publication of Excerpt 51 Section 6.17 Post-signing Breach Notification 5134

Appears in 1 contract

Samples: Purchase and Sale Agreement (Altus Power, Inc.)

Purchase and Sale of the Company Interests. 16 Section 2.1 Purchase and Sale of the Company Interests 17 18 Section 2.2 Payment of Purchase Price 17 18 Section 2.3 Closing 17 18 Section 2.4 Funds Flow Schedule; Purchase Price Adjustment 18 Adjustments 20 Section 2.5 Purchase Price Allocation 21 Section 2.6 Transfer Taxes 20 Section 2.6 Pre-Closing Transactions 20 Section 2.7 Withholding Taxes 20 22 Article III. REPRESENTATIONS REPRENSENTATIONS AND WARRANTIES REGARDING THE COMPANY ENTITIES 21 Section 3.1 Organization 21 23 Section 3.2 Noncontravention 22 23 Section 3.3 Capitalization 22 24 Section 3.4 Ownership 22 24 Section 3.5 Government Authorizations 22 24 Section 3.6 Financial Statements 23 24 Section 3.7 Undisclosed Liabilities 23 25 Section 3.8 Absence of Certain Changes 23 25 Section 3.9 Tax Matters 23 25 Section 3.10 Real Property 25 26 Section 3.11 Environmental Matters 25 27 Section 3.12 Contracts 26 28 Section 3.13 Insurance 26 28 Section 3.14 Litigation 27 29 Section 3.15 Employee Benefits 27 Matters 29 Section 3.16 Labor Matters 27 29 Section 3.17 Legal Compliance 28 29 Section 3.18 Brokers' Fees 28 30 Section 3.19 Permits 28 30 Section 3.20 Intellectual Property; IT Systems 29 Regulatory Status 30 Section 3.21 Privacy and Data Security 29 Intellectual Property 30 Section 3.22 Holding Company 30 JV Project Companies 31 Section 3.23 IntraNon-group Restructuring 30 JV Project Company Assets 31 Section 3.24 Anti-Bribery Laws 30 Due Diligence Materials 31 Article IV. REPRESENTATIONS PRESENTATIONS AND WARRANTIES REGARDING SELLER 31 Section 4.1 Organization 31 32 Section 4.2 Authorization 31 32 Section 4.3 Noncontravention 31 32 Section 4.4 Brokers' Fees 31 32 Section 4.5 Litigation 31 32 Section 4.6 No Additional Representations and Warranties 32 Article V. REPRESENTATIONS AND WARRANTIES REGARDING BUYER 32 Section 5.1 Organization 32 Section 5.2 Authorization 33 Section 5.3 Noncontravention 33 Section 5.4 Government Authorizations 33 Section 5.5 Financial Capacity 33 Section 5.6 Investment 33 Section 5.7 Litigation 34 Section 5.8 Brokers’ Fees 34 Section 5.9 Information 34 Section 5.10 No Adverse Proceedings 35 Section 5.11 Solvency 35 Article VI. COVENANTS 35 Section 6.1 Conduct of the Companies 35 Section 6.2 Exceptions 37 Section 6.3 Access to Information; Confidentiality 39 Section 6.4 Consents and Approvals 41 Section 6.5 Public Announcements 43 Section 6.6 Post-Closing Access; Preservation of Records 43 Section 6.7 Tax Indemnification; Tax Matters 44 Section 6.8 Insurance 48 Section 6.9 Termination of Affiliate Contracts 48 Section 6.10 Post-Closing Commercially Reasonable Efforts 48 Section 6.11 Employee Relations and Benefits 49 Section 6.12 Pre-Closing Further Assurances 49 Section 6.13 Post-Closing Further Assurances 49 Section 6.14 Use of Certain Names 49 Section 6.15 Directors’ and Officers’ Indemnity and Insurance 50 Section 6.16 Registration and Publication of Excerpt 51 Section 6.17 Post-signing Breach Notification 5132

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sempra Energy)

Purchase and Sale of the Company Interests. 16 18 Section 2.1 Purchase and Sale of the Company Interests 17 18 Section 2.2 Payment of Purchase Price 17 18 Section 2.3 Closing 17 18 Section 2.4 Funds Flow Schedule; Purchase Price Adjustment 18 Adjustments 19 Section 2.5 Transfer Taxes 20 Section 2.6 Pre-Closing Transactions 20 Section 2.7 Withholding Taxes 20 Article 21 ARTICLE III. REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY ENTITIES 21 AND THE BUSINESS 22 Section 3.1 Organization 21 22 Section 3.2 Noncontravention 22 Section 3.3 Capitalization Capitalization, Assets, Liabilities and Operations of the Company 22 Section 3.4 Ownership 22 23 Section 3.5 Government Authorizations 22 23 Section 3.6 Financial Statements 23 Section 3.7 Undisclosed Liabilities 23 Liabilities; No Indebtedness 25 Section 3.8 Absence of Certain Changes 23 25 Section 3.9 Tax Matters 23 25 Section 3.10 Real Property 25 Property; Assets 27 Section 3.11 Environmental Matters 25 27 Section 3.12 Contracts 26 28 Section 3.13 Insurance 26 29 Section 3.14 Litigation 27 Litigation; Governmental Orders 29 Section 3.15 Employee Benefits 27 Matters 29 Section 3.16 Labor Matters 27 31 Section 3.17 Legal Compliance 28 32 Section 3.18 Permits 33 Section 3.19 Intellectual Property; Data Privacy and Security 34 Section 3.20 Compliance with Anti-Corruption Laws 37 Section 3.21 Sanctions 38 Section 3.22 Affiliate Contracts 38 Section 3.23 Regulatory and Product Matters 38 Section 3.24 Books and Records 39 Section 3.25 Customers 39 Section 3.26 Suppliers 39 Section 3.27 Inventory 39 Section 3.28 Brokers’ Fees 28 Section 3.19 Permits 28 Section 3.20 Intellectual Property; IT Systems 29 Section 3.21 Privacy and Data Security 29 Section 3.22 Holding Company 30 Section 3.23 Intra-group Restructuring 30 Section 3.24 Anti-Bribery Laws 30 Article 39 ARTICLE IV. REPRESENTATIONS AND WARRANTIES REGARDING SELLER 31 40 Section 4.1 Organization 31 40 Section 4.2 Authorization 31 40 Section 4.3 Noncontravention 31 40 Section 4.4 Government Authorizations 41 Section 4.5 Litigation 41 Section 4.6 Brokers’ Fees 31 41 Section 4.5 Litigation 31 4.7 Solvency 41 Section 4.6 4.8 No Additional Representations and Warranties 32 Article 42 ARTICLE V. REPRESENTATIONS AND WARRANTIES REGARDING BUYER 32 43 Section 5.1 Organization 32 43 Section 5.2 Authorization 33 43 Section 5.3 Noncontravention 33 44 Section 5.4 Government Authorizations 33 44 Section 5.5 Financial Capacity 33 44 Section 5.6 Investment 33 Solvency 44 Section 5.7 Litigation 34 Investment 44 Section 5.8 Litigation 45 Section 5.9 Information 45 Section 5.10 No Foreign Person 46 Section 5.11 Anti-Money Laundering Compliance and Sanctions 46 Section 5.12 Brokers’ Fees 34 Section 5.9 Information 34 Section 5.10 No Adverse Proceedings 35 Section 5.11 Solvency 35 Article 46 ARTICLE VI. COVENANTS 35 46 Section 6.1 Conduct of the Companies 35 Company 46 Section 6.2 Exceptions 37 Section 6.3 Access to Information; Confidentiality 39 49 Section 6.3 Further Assurances 51 Section 6.4 Regulatory Approvals and Consents and Approvals 41 51 Section 6.5 Public Announcements 43 Section 6.6 Post-Closing Access; Preservation of Records 43 54 Section 6.6 Taxes 55 Section 6.7 Tax Indemnification; Tax Matters 44 Insurance 58 Section 6.8 Insurance 48 Employee Relations and Benefits 58 Section 6.9 Sale or Disposal of Company Interests 60 Section 6.10 Reorganization 60 Section 6.11 Bulk Transfer Laws 64 Section 6.12 Termination of Affiliate Contracts 48 Section 6.10 Post-Closing Commercially Reasonable Efforts 48 Section 6.11 Employee Relations and Benefits 49 Section 6.12 Pre-Closing Further Assurances 49 64 Section 6.13 Post-Closing Further Assurances 49 Section 6.14 Use of Certain Names 49 64 Section 6.14 Non-Competition; Non-Solicitation 65 Section 6.15 Directors’ and Officers’ Indemnity and Insurance 50 Transition Preparations 66 Section 6.16 Registration and Publication of Excerpt 51 GTN Calculations 67 Section 6.17 Post-signing Breach Notification 51[***] 67

Appears in 1 contract

Samples: Purchase and Sale Agreement (Coherus BioSciences, Inc.)

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Purchase and Sale of the Company Interests. 16 19 Section 2.1 Purchase and Sale of the Company Interests 17 19 Section 2.2 Payment of Purchase Price 17 19 Section 2.3 Closing 17 Purchase Price Allocation 19 Section 2.4 Funds Flow Schedule; Purchase Price Adjustment 18 Adjustments 20 Section 2.5 Closing 22 Section 2.6 Closing Deliveries 22 Section 2.7 Satisfaction of Conditions 23 Section 2.8 Transfer Taxes 20 Section 2.6 Pre-Closing Transactions 20 Section 2.7 Withholding Taxes 20 Article 23 ARTICLE III. REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY ENTITIES 21 23 Section 3.1 Organization 21 of the Company Entities 23 Section 3.2 Noncontravention 22 24 Section 3.3 Capitalization 22 24 Section 3.4 Ownership 22 Title to the Company Interests 24 Section 3.5 Government Authorizations 22 24 Section 3.6 Financial Statements 23 25 Section 3.7 Undisclosed Liabilities 23 25 Section 3.8 Absence of Certain Changes 23 25 Section 3.9 Tax Matters 23 26 Section 3.10 Real Property 25 26 Section 3.11 Environmental Matters 25 27 Section 3.12 Contracts 26 27 Section 3.13 Insurance 26 28 Section 3.14 Litigation 27 28 Section 3.15 Employee Benefits 27 Matters 28 Section 3.16 Labor Matters 27 Section 3.17 Legal Compliance 28 Section 3.18 3.17 Brokers’ Fees 28 Section 3.19 3.18 Permits 28 Section 3.20 Intellectual Property; IT Systems 3.19 Regulatory Status 29 Section 3.21 Privacy and Data Security 29 Section 3.22 Holding Company 30 Section 3.23 Intra-group Restructuring 30 Section 3.24 Anti-Bribery Laws 30 Article ARTICLE IV. REPRESENTATIONS AND WARRANTIES REGARDING EACH SELLER 31 29 Section 4.1 Organization 31 29 Section 4.2 Authorization 31 29 i Section 4.3 Noncontravention 31 29 Section 4.4 Litigation 30 Section 4.5 Brokers’ Fees 31 Section 4.5 Litigation 31 Section 4.6 No Additional Representations and Warranties 32 Article 30 ARTICLE V. REPRESENTATIONS AND WARRANTIES REGARDING BUYER 32 30 Section 5.1 Organization 32 30 Section 5.2 Authorization 33 30 Section 5.3 Noncontravention 33 30 Section 5.4 Government Authorizations 33 31 Section 5.5 Financial Capacity 33 31 Section 5.6 Investment 33 31 Section 5.7 Litigation 34 31 Section 5.8 Brokers’ Fees 34 32 Section 5.9 Information 34 32 Section 5.10 No Adverse Proceedings 35 FPA/PUHCA 32 Section 5.11 Solvency 35 Article Tax Representations 32 ARTICLE VI. COVENANTS 35 33 Section 6.1 Conduct of the Companies 35 Company 33 Section 6.2 Exceptions 37 Section 6.3 Access to Information; Confidentiality 39 35 Section 6.3 Commercially Reasonable Efforts 36 Section 6.4 Consents and Regulatory Approvals 41 37 Section 6.5 Public Announcements 43 39 Section 6.6 Post-Closing Access; Preservation of Records 39 Section 6.7 Cash Grant Matters 40 Section 6.8 Tax Matters 42 Section 6.9 Further Assurances 43 Section 6.7 Tax Indemnification; Tax Matters 6.10 Assumption of Obligations 43 Section 6.11 Support Obligations 43 Section 6.12 Insurance 44 Section 6.8 Insurance 48 6.13 Non-Solicitation 44 Section 6.9 Termination 6.14 Certain Assets and Liabilities 44 Section 6.15 Sale or Disposal of Affiliate Contracts 48 Company Interests 46 Section 6.10 6.16 Certain Agreements 46 Section 6.17 Post-Closing Commercially Reasonable Efforts 48 47 Section 6.11 Employee Relations and Benefits 49 6.18 Risk of Loss 47 Section 6.12 Pre-Closing Further Assurances 49 Section 6.13 6.19 Additional Post-Closing Further Assurances 49 Covenants 48 Section 6.14 Use 6.20 Release of Certain Names 49 Section 6.15 Directors’ and Officers’ Indemnity and Insurance Liens 50 Section 6.16 6.21 Buyer Registration Statement 50 ARTICLE VII. CONDITIONS TO CLOSING 52 Section 7.1 Conditions Precedent to Obligations of Buyers and Publication Sellers 52 Section 7.2 Conditions Precedent to Obligations of Excerpt 51 Sellers 52 Section 6.17 Post7.3 Conditions Precedent to Obligations of Buyer 53 ii ARTICLE VIII. LIMITATIONS 53 Section 8.1 Remedies 53 Section 8.2 Environmental Waiver and Release 54 ARTICLE IX. SURVIVAL, INDEMNIFICATION AND REMEDIES 54 Section 9.1 Survival 54 Section 9.2 Indemnification 55 Section 9.3 Method of Asserting Claims 56 Section 9.4 Limitations on Remedies 58 Section 9.5 Exclusive Remedies 59 Section 9.6 Tax Characterization 59 ARTICLE X. TERMINATION 59 Section 10.1 Termination Events 59 Section 10.2 Effect of Termination 60 ARTICLE XI. MISCELLANEOUS 61 Section 11.1 Parties in Interest 61 Section 11.2 Assignment 61 Section 11.3 Notices 61 Section 11.4 Amendments and Waivers 62 Section 11.5 Exhibits and Schedules 62 Section 11.6 Headings 63 Section 11.7 Construction 63 Section 11.8 No Other Representations or Warranties 63 Section 11.9 Entire Agreement 63 Section 11.10 Severability 63 Section 11.11 Expenses 64 Section 11.12 Legal Representation 64 Section 11.13 Governing Law 66 Section 11.14 Consent to Jurisdiction; Waiver of Jury Trial 66 Section 11.15 Counterparts 66 iii SCHEDULES Schedule A Schedule B Schedule C Schedule D Schedule E Schedule F Illustrative Adjusted Working Capital Calculation Support Obligations TGOC Contracts Required Consents Participation, Accession and Facility Lease Agreements Retained Property Tax Disputes Buyers Disclosure Schedule Sellers Disclosure Schedule EXHIBITS Exhibit A Form of Seller Parent Guaranty Exhibit B Form of Conservation Easements Exhibit C Form of Subordination Exhibit D-1 Form of Amendment to Shared Facilities Agreement No. 3 Exhibit D-2 Form of Amendment to Shared Facilities Agreement No. 4 Exhibit E-1 Form of Xxxx of Sale and Assignment (ReCon System) Exhibit E-2 Form of Avian Monitoring Data License Agreement PURCHASE AND SALE AGREEMENT This Purchase and Sale Agreement, is entered into as of June 3, 2014, by and among Terra-signing Breach Notification 51Gen Finance Company, LLC, a Delaware limited liability company (“TG Finance”), NTD AWAM Holdings, LLC, a Delaware limited liability company (“NTD AWAM Holdings”), CHIPS Alta Wind X Holding Company, LLC, a Delaware limited liability company (“CHIPS Alta Wind X”), CHIPS Alta Wind XI Holding Company, LLC, a Delaware limited liability company (“CHIPS Alta Wind XI,” and, together with TG Finance, NTD AWAM Holdings and CHIPS Alta Wind X, “Sellers”), on the one hand, and NRG Yield, Inc., a Delaware corporation (“NRG YieldCo”), and NRG Yield Operating LLC, a Delaware limited liability company (“NRG Yield OpCo,” together with NRG YieldCo, “Buyers”), on the other hand. Each of Sellers and Buyers is, individually, a “Party,” and, collectively, the “Parties.” Except to the extent expressly provided otherwise herein, the obligations of the Buyers hereunder shall be joint and several.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Purchase and Sale of the Company Interests. 16 23 Section 2.1 Purchase and Sale of the Company Interests 17 23 Section 2.2 Payment of Purchase Price 17 23 Section 2.3 Closing 17 23 Section 2.4 Funds Flow Schedule; Certain Consents 24 Section 2.5 Purchase Price Adjustment 18 Adjustments 30 Section 2.5 2.6 Purchase Price Allocation 32 Section 2.7 Transfer Taxes 20 33 Section 2.6 Pre-Closing Transactions 20 Section 2.7 2.8 Withholding Taxes 20 Article 33 ARTICLE III. REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY ENTITIES 21 34 Section 3.1 Organization 21 34 Section 3.2 Noncontravention 22 34 Section 3.3 Capitalization 22 34 Section 3.4 Ownership 22 35 Section 3.5 Government Authorizations 22 35 Section 3.6 Financial Statements 23 35 Section 3.7 Undisclosed Liabilities 23 35 Section 3.8 Absence of Certain Changes 23 36 Section 3.9 Tax Matters 23 36 Section 3.10 Real Property 25 38 Section 3.11 Environmental Matters 25 39 Section 3.12 Contracts 26 40 Section 3.13 Insurance 26 40 Section 3.14 Litigation 27 41 Section 3.15 Employee Benefits 27 Matters 41 Section 3.16 Labor Matters 27 42 Section 3.17 Legal Compliance 28 43 Section 3.18 Brokers’ Fees 28 45 Section 3.19 Permits 28 45 Section 3.20 Intellectual Property; IT Systems 29 Regulatory Status 45 Section 3.21 Privacy Intellectual Property 46 Section 3.22 Cybersecurity and Data Security 29 Section 3.22 Holding Company 30 Privacy 47 Section 3.23 Intra-group Restructuring 30 Sufficiency of Assets 48 Section 3.24 Anti-Bribery Laws 30 Article Affiliate Contracts 48 Section 3.25 No Additional Representations and Warranties 48 ARTICLE IV. REPRESENTATIONS AND WARRANTIES REGARDING SELLER 31 49 Section 4.1 Organization 31 49 Section 4.2 Authorization 31 49 Section 4.3 Noncontravention 31 49 Section 4.4 Government Authorizations 50 Section 4.5 Solvency 50 Section 4.6 Ownership 50 Section 4.7 Brokers’ Fees 31 50 Section 4.5 4.8 Litigation 31 50 Section 4.6 4.9 No Additional Representations and Warranties 32 Article 51 ARTICLE V. REPRESENTATIONS AND WARRANTIES REGARDING BUYER 32 51 Section 5.1 Organization 32 51 Section 5.2 Authorization 33 51 Section 5.3 Noncontravention 33 52 Section 5.4 Government Authorizations 33 52 Section 5.5 Financial Capacity 33 52 Section 5.6 Investment 33 54 Section 5.7 Litigation 34 54 Section 5.8 Solvency 54 Section 5.9 Brokers’ Fees 34 Section 5.9 Information 34 55 Section 5.10 No Adverse Proceedings 35 Information 55 Section 5.11 Solvency 35 Article FPA/PUHCA 56 Section 5.12 Tax Matters 56 Section 5.13 No Additional Representations and Warranties 56 ARTICLE VI. COVENANTS 35 57 Section 6.1 Conduct of the Companies 35 Company 57 Section 6.2 Exceptions 37 Section 6.3 Access to Information; Confidentiality 39 Confidentiality; Management Accounts 62 Section 6.3 Certain Third Party Rights 64 Section 6.4 Consents and Approvals 41 Further Assurances 65 Section 6.5 Regulatory Approvals 65 Section 6.6 Public Announcements 43 69 Section 6.6 6.7 Post-Closing Access; Preservation of Records 43 69 Section 6.7 Tax Indemnification; 6.8 Tax Matters 44 Section 6.8 Insurance 48 70 Section 6.9 Termination of Affiliate Contracts 48 Insurance 73 Section 6.10 Post-Closing Commercially Reasonable Efforts 48 Support Obligations 74 Section 6.11 Employee Relations and Benefits 49 75 Section 6.12 Pre-Closing Further Assurances 49 Wrong Pockets 79 Section 6.13 Post-Closing Further Assurances 49 No Solicitation, No Hire 79 Section 6.14 Use of Certain Names 49 Financing 79 Section 6.15 Directors’ and Officers’ Indemnity and R&W Insurance 50 Section 6.16 Registration and Publication of Excerpt 51 Section 6.17 Post-signing Breach Notification 51Policy 84

Appears in 1 contract

Samples: Purchase and Sale Agreement (Consolidated Edison Inc)

Purchase and Sale of the Company Interests. 16 Section 2.1 Purchase and Sale of the Company Interests 17 16 Section 2.2 Payment of Purchase Price 17 16 Section 2.3 Closing 17 16 Section 2.4 Funds Flow Schedule; Purchase Price Adjustment 18 17 Section 2.5 Transfer Taxes 20 Section 2.6 Pre-Closing Transactions 20 Section 2.7 Withholding Taxes 20 Article III. REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY ENTITIES 21 20 Section 3.1 Organization 21 20 Section 3.2 Noncontravention 22 20 Section 3.3 Capitalization 22 20 Section 3.4 Ownership 22 21 Section 3.5 Government Authorizations 22 21 Section 3.6 Financial Statements 23 21 Section 3.7 Undisclosed Liabilities 23 22 Section 3.8 Absence of Certain Changes 23 22 Section 3.9 Tax Matters 23 Matters. 22 Section 3.10 Real Property 25 23 Section 3.11 Environmental Matters 25 24 Section 3.12 Contracts 26 24 Section 3.13 Insurance 26 25 Section 3.14 Litigation 27 25 Section 3.15 Employee Benefits 27 Labor Matters 25 Section 3.16 Labor Matters 27 Legal Compliance 26 Section 3.17 Legal Compliance 28 Section 3.18 Brokers’ Fees 28 26 Section 3.18 Permits 26 Section 3.19 Permits 28 Intellectual Property 27 Section 3.20 Intellectual Property; IT Systems 29 Section 3.21 Privacy and Data Security 29 Section 3.22 Holding Company 30 Section 3.23 Intra-group Restructuring 30 Section 3.24 Anti-Bribery Laws 30 27 Article IV. REPRESENTATIONS AND WARRANTIES REGARDING SELLER 31 27 Section 4.1 Organization 31 28 Section 4.2 Authorization 31 28 Section 4.3 Noncontravention 31 28 Section 4.4 Brokers’ Fees 31 28 Section 4.5 Litigation 31 28 Section 4.6 Solvency 28 Section 4.7 No Additional Representations and Warranties 32 Article V. REPRESENTATIONS AND WARRANTIES REGARDING BUYER 32 Section 5.1 Organization 32 Section 5.2 Authorization 33 Section 5.3 Noncontravention 33 Section 5.4 Government Authorizations 33 Section 5.5 Financial Capacity 33 Section 5.6 Investment 33 Section 5.7 Litigation 34 Section 5.8 Brokers’ Fees 34 Section 5.9 Information 34 Section 5.10 No Adverse Proceedings 35 Section 5.11 Solvency 35 Article VI. COVENANTS 35 Section 6.1 Conduct of the Companies 35 Section 6.2 Exceptions 37 Section 6.3 Access to Information; Confidentiality 39 Section 6.4 Consents and Approvals 41 Section 6.5 Public Announcements 43 Section 6.6 Post-Closing Access; Preservation of Records 43 Section 6.7 Tax Indemnification; Tax Matters 44 Section 6.8 Insurance 48 Section 6.9 Termination of Affiliate Contracts 48 Section 6.10 Post-Closing Commercially Reasonable Efforts 48 Section 6.11 Employee Relations and Benefits 49 Section 6.12 Pre-Closing Further Assurances 49 Section 6.13 Post-Closing Further Assurances 49 Section 6.14 Use of Certain Names 49 Section 6.15 Directors’ and Officers’ Indemnity and Insurance 50 Section 6.16 Registration and Publication of Excerpt 51 Section 6.17 Post-signing Breach Notification 5129

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sempra Energy)

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