REPRESENTATIONS AND WARRANTIES OF AMD. Licensee hereby represents, warrants, covenants and agrees that:
REPRESENTATIONS AND WARRANTIES OF AMD. As an inducement to Fujitsu, Fujitsu Sub and the Joint Venture to enter into this Agreement and to consummate the transactions contemplated hereby, AMD and AMD Investments represent and warrant to Fujitsu, Fujitsu Sub and the Joint Venture as follows:
REPRESENTATIONS AND WARRANTIES OF AMD. 33 5.1 Corporate Existence and Power 33 5.2 Authorization 33 5.3 Governmental Authorization 34 5.4 Non-Contravention 34 5.5 Inventory 34 5.6 Properties; Leases 35 5.7 Litigation; Other Proceedings 36 5.8 Contracts 36 5.9 Permits 37 5.10 Compliance with Laws 37 5.11 Employment Agreements; Change in Control; and Employee Benefits 38 5.12 Labor and Employment Matters 38 5.13 Insurance 39 5.14 Tax Matters 39 5.15 Environmental Matters 39 5.16 Capitalization of AMD Contributed Subsidiaries 41 5.17 Brokers 42 5.18 Related Party Agreements 42 5.19 No Other Agreements to Sell AMD Contributed Assets 42 5.20 Absence of Changes 42 5.21 Securities Act; Investment Company Act 42 5.22 Sufficiency of Contributed Assets 43 5.23 Warranty Claims 43 5.24 Financial Statements 43 5.25 AMD Member 43 5.26 Value of Assets 43 ARTICLE VI. REPRESENTATIONS AND WARRANTIES OF FUJITSU 43
REPRESENTATIONS AND WARRANTIES OF AMD. 15 5.1 Corporate Existence and Power 15 5.2 Authorization 15 5.3 Governmental Authorization 15 5.4 Non-Contravention 16 5.5 Properties; Leases 16 5.6 Litigation; Other Proceedings 17 5.7 Contracts 17 5.8 Permits 18 5.9 Compliance with Laws 18 5.10 Employment Agreements; Change in Control; and Employee Benefits 19 5.11 Labor and Employment Matters 19 5.12 Insurance 19 5.13 Environmental Matters 19 5.14 Intellectual Property 20 5.15 Capitalization of AMD Contributed Subsidiaries 20 5.16 Brokers 21 TABLE OF CONTENTS (continued) Page 5.17 Related Party Agreements 21 5.18 No Other Agreements to Sell AMD Sold Assets 21 5.19 Absence of Changes 21 5.20 Value of Assets 21 ARTICLE VI. AMD COVENANTS 21 6.1 Required Consents 21 6.2 Maintenance of Insurance Policies 22 6.3 Litigation and Adverse Developments 22 6.4 Further Assurances 22 6.5 No Sale of Assets 23 ARTICLE VII. MUTUAL COVENANTS 23 7.1 Transition 23 7.2 Diligence in Pursuit of Conditions Precedent 23 7.3 Covenant to Satisfy Conditions 23 7.4 Taxes 23 7.5 Ancillary Documents 24 7.6 Resale and Other Tax Certificates 24 ARTICLE VIII. CONDITIONS TO CLOSING 24 8.1 Conditions to AMD’s Obligations 24 8.2 Conditions to the Joint Venture’s Obligations 25 ARTICLE IX. SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS AND INDEMNIFICATION 26 9.1 Survival of Representations and Warranties 26 9.2 Indemnification of Joint Venture by AMD 26 9.3 Indemnification of AMD by the Joint Venture 26 9.4 Indemnification of Fujitsu by AMD 27 9.5 Limitations on Indemnification 27 9.6 Procedure for Indemnification 28 9.7 Defense of Tax Claims 30 9.8 Environmental Management 31 TABLE OF CONTENTS (continued) Page ARTICLE X. [INTENTIONALLY OMITTED] 32 ARTICLE XI. MISCELLANEOUS 32 11.1 Notices 32 11.2 Amendments; No Waivers 33 11.3 Rights and Remedies Cumulative 33 11.4 Successors and Assigns 33 11.5 Language 33 11.6 Construction; Interpretation 33 11.7 Severability 33 11.8 Counterparts 34 11.9 Entire Agreement 34 11.10 Governing Law 34 11.11 Dispute Resolution 34 11.12 Press Release 34 11.13 Confidential Information 34 11.14 Expenses 35 11.15 Consequential Damages 35 11.16 Third-Party Beneficiaries 35 11.17 No Other Representations 36 EXHIBITS EXHIBIT A AMD Listed Assets EXHIBIT B AMD Contracts EXHIBIT C AMD Assumed Permits EXHIBIT D Form of Promissory Note ANNEXES ANNEX A Individuals for Knowledge of AMD ANNEX B Individuals for Knowledge of AMD Facility Managers ANNEX C Other Permitted Liens ASSET PURCHASE AGREEMENT This ASSET PURCHAS...
REPRESENTATIONS AND WARRANTIES OF AMD. AMD hereby represents and warrants to the Company as of the date of this Agreement and as of the Closing as follows:
REPRESENTATIONS AND WARRANTIES OF AMD. 9 3.1 Organization of AMD and the Company......................................................... 10 ----------------------------------- 3.2 Authorization............................................................................... 10 ------------- 3.3 Intellectual Property....................................................................... 10 --------------------- 3.4 Absence of Certain Changes or Events........................................................ 11 ------------------------------------ 3.5 Contracts and Commitments................................................................... 12 ------------------------- 3.6 No Conflict or Violation.................................................................... 13 ------------------------ 3.7 Consents and Approvals...................................................................... 13 ---------------------- 3.8 Financial Statements........................................................................ 14 -------------------- 3.9 Litigation.................................................................................. 14 ---------- 3.10 Compliance with Law......................................................................... 14 ------------------- 3.11 No Brokers.................................................................................. 14 ---------- 3.12 Employee Benefit Plans...................................................................... 14 ---------------------- 3.13 Tax Matters................................................................................. 15 ----------- 3.14 Personal Property........................................................................... 17 ----------------- 3.15 Inventory................................................................................... 18 --------- 3.16 Permits..................................................................................... 18 ------- 3.17 Labor Relations............................................................................. 18 --------------- 3.18 Insurance................................................................................... 18 --------- 3.19 Capitalization of the Company............................................................... 18 ----------------------------- 3.20 Necessary Assets............................................................................ 19 ---------------- 3.21 Product Liability and Recalls..................................................................
REPRESENTATIONS AND WARRANTIES OF AMD. To induce LLC to enter into this Agreement, AMD hereby makes the following representations and warranties to LLC, except as otherwise set forth on the Disclosure Schedule. Except for representations and warranties contained in this Article III, AMD makes no representations, express or implied, written or oral, with respect to AMD, the Company, the Business, the CPD Assets or otherwise. Without limiting the generality of the foregoing sentence, AMD makes no representation or warranty to LLC with respect to: (a) any projections, estimates or budgets (or the likelihood of such projections, estimates or budgets being achieved) of future revenues, expenses, expenditures, results of operations of or other matters related to the 9 Business or the Company; or (b) except as expressly covered by a representation and warranty contained in this Article III, any other information or documents (financial or otherwise) made available to LLC or its counsel, accountants or advisors with respect to the Company, the Business and/or the CPD Assets. For purposes of the following representations and warranties, references to AMD shall be deemed to include the Company, as applicable, with respect to the CPD Assets and Assumed Liabilities being transferred as described in the Reorganization Agreement.
