REPRESENTATIONS AND WARRANTIES OF BUYER 21. Section 5.01 Organization; Corporate Power. 22
REPRESENTATIONS AND WARRANTIES OF BUYER 21. Section 3.1 Corporate Organization and Authority 21 Section 3.2 Absence of Conflicts and Consent Requirements 22 Section 3.3 No Material Misstatements or Omissions 22 Section 3.4 Brokers 22 Section 3.5 Sufficiency of Funds 22 Section 3.6 Independent Investigation 22
REPRESENTATIONS AND WARRANTIES OF BUYER 21. Section 7.1 Buyer’s Representations and Warranties 21 Section 7.2 Intentionally Omitted 22 Section 7.3 Buyer’s Independent Investigation 22 Section 7.4 Buyer’s Release of Seller 24 Section 7.5 Discharge 25 ARTICLE 8 LEASES; MAINTENANCE OF PROPERTY 25 Section 8.1 New Leases; Lease Modifications 25 Section 8.2 Lease Expenses 25 Section 8.3 Lease Enforcement 25 Section 8.4 Certain Interim Operating Covenants 26 ARTICLE 9 CLOSING AND CONDITIONS 27 Section 9.1 Escrow Instructions 27 Section 9.2 Closing 28 Section 9.3 Seller’s Closing Documents and Other Items 30 Section 9.4 Buyer’s Closing Documents and Other Items 31 Section 9.5 Intentionally Omitted 32 Section 9.6 Prorations and Closing Costs 33 Section 9.7 Brokers 37 Section 9.8 Expenses 37 ARTICLE 10 MISCELLANEOUS 39 Section 10.1 Amendment and Modification 39 Section 10.2 Risk of Loss/Condemnation and Insurance Proceeds/Condemnation Awards 39 Section 10.3 Notices 40 Section 10.4 Assignment 41 Section 10.5 Governing Law and Consent to Jurisdiction 41 Section 10.6 Counterparts 41 Section 10.7 Entire Agreement 41 Section 10.8 Severability 42 Section 10.9 Attorney Fees 42 Section 10.10 Payment of Fees and Expenses 42 Section 10.11 Confidential Information 42 Page Section 10.12 Performance Due On Day Other Than Business Day 42 Section 10.13 Tax Deferred Exchange 42 Section 10.14 No Joint Venture 43 Section 10.15 No Memorandum 43 Section 10.16 Waiver of Jury Trial 43 Section 10.17 Not an Offer 43 Section 10.18 Limited Liability 43 Section 10.19 No Third Party Beneficiaries 43 Section 10.20 Time of Essence 43 Section 10.21 No Waiver 44 Section 10.22 Further Acts 44 EXHIBITS AND SCHEDULE Exhibit A Description of Land Exhibit B List of Leases Exhibit C Disclosure Items Exhibit D List of Service and Other Contracts Exhibit E Form of Deed Exhibit F Form of Xxxx of Sale Exhibit G Form of Assignment and Assumption of Leases Exhibit H Form of Assignment and Assumption of Contracts Exhibit I Due Diligence Items Exhibit J Form of Manager’s General Release and Termination Agreement Exhibit K Form of Seller Indemnity Agreement Exhibit L PIP Exhibit M Forms of Applications for Good Standing Schedule 1.1-1 List of Advance Bookings Schedule 1.1-2 Description of Liquor License
REPRESENTATIONS AND WARRANTIES OF BUYER 21. 5.1 The Standard 21 5.2 Organization, Standing, and Power 22 5.3 Authority; No Breach By Agreement 22 5.4 Capital Stock 22 5.5 Buyer Subsidiaries 23 5.6 SEC Filings; Financial Statements 23 5.7 Absence of Undisclosed Liabilities 24 5.8 Absence of Certain Changes or Events 24 5.9 Tax Matters 24 5.10 Environmental Matters 25 5.11 Compliance with Laws 25 5.12 Legal Proceedings 25 5.13 Material Contracts 26 5.14 Reports 26 5.15 Statements True and Correct 26 5.16 Tax and Regulatory Matters 26 5.17 Brokers and Finders 27
REPRESENTATIONS AND WARRANTIES OF BUYER 21. Section 4.1. Corporate 22 Section 4.2. Authority 22 Section 4.3. No Violation 22 Section 4.4. No Litigation 22 Section 4.5. No Brokers or Finders 22
REPRESENTATIONS AND WARRANTIES OF BUYER 21. Section 4.1. Organization; Existence and Authority of Buyer 21
REPRESENTATIONS AND WARRANTIES OF BUYER 21. Section 5.1 Power and Authority of Buyer 21 Section 5.2 Approvals 21 Section 5.3 Non-Contravention 21 Section 5.4 Binding Effect 21 Section 55 Finders' Fees 22 ARTICLE VI COVENANTS 22 Section 6.1 Access 22 Section 6.2 Conduct of Business 22 Section 6.3 Reasonable Efforts; Further Assurances 24 Section 6.4 Confidentiality 24 Section 6.5 Public Disclosure 25 Section 6.6 Notice of Certain Matters 25 Section 6.7 Exclusivity 25 Section 6.8 Certain Actions by Buyer Prior to Closing 26 Section 6.9 Non-Competition and Non-Solicitation 26 ARTICLE VII OTHER ACTIONS 27 Section 7.1 Board Approvals 27 ARTICLE VIII CLOSING 27
REPRESENTATIONS AND WARRANTIES OF BUYER 21. Section 6.1 Buyer Organization; Good Standing21 Section 6.2 Authority; Execution and Delivery22
REPRESENTATIONS AND WARRANTIES OF BUYER 21. Section 7.01 Organization 22 Section 7.02 Authority; No Conflict; Required Filings and Consents 22 Section 7.03 Brokers 23 Section 7.04 Financing 23 Section 7.05 Licensability of Principals 23 Section 7.06 Permits; Compliance with Gaming Laws 23 Section 7.07 Litigation 24 Section 7.08 Solvency 24 Section 7.09 Due Diligence Investigation 24
