Common use of REPRESENTATIONS AND WARRANTIES OF BUYER 27 Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF BUYER 27. 4.1 Status of Buyer 27 4.2 Authorization; No Conflicts 27 4.3 Litigation 28 4.4 Independent Investigation 28 4.5 Brokers and Commissions 28 Article 5 COVENANTS 29 5.1 Conduct of Business by Seller 29 5.2 Affirmative Covenants Relating to Seller 30 5.3 Consents and Closing Conditions 30 5.4 Access to Information 31 5.5 Confidentiality 32 5.6 Exclusivity 32 5.7 Maintenance of Books and Records 33 5.8 Update of Disclosure Schedules 33 5.9 Restrictive Covenants 33 5.10 Further Assurances 34 Article 6 TAX MATTERS 34 6.1 Proration of Taxes 34 6.2 Cooperation on Tax Matters 35 6.3 Tax Proceedings 36 Article 7 EMPLOYEE MATTERS 36 7.1 Employment of Transferred Employees 36 7.2 Third Party Rights; Amendments to Employee Plans 36 Article 8 BUYER’S CONDITIONS TO CLOSING 37 8.1 Representations and Warranties 37 8.2 Performance of Covenants 37 8.3 No Litigation 37 8.4 No Orders 37 8.5 Material Adverse Effect 37 8.6 Consents 37 8.7 Closing Documents 37 8.8 Financing 37 8.9 Audit Financials 37 Article 9 SELLER’S CONDITIONS TO CLOSING 38 9.1 Representations and Warranties 38 9.2 Performance of Covenants 38 9.3 No Litigation 38 9.4 No Orders 38 9.5 Closing Documents 38

Appears in 1 contract

Samples: Asset Purchase Agreement (Novume Solutions, Inc.)

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REPRESENTATIONS AND WARRANTIES OF BUYER 27. 4.1 Status Section 4.1. Organization and Qualification 27 TABLE OF CONTENTS (continued) Section 4.2. Corporate Authorization 27 Section 4.3. Binding Effect 27 Section 4.4. Regulatory Approvals 28 Section 4.5. Non-Contravention 28 Section 4.6. Finders’ Fees 28 Section 4.7. Financial Capability 28 Section 4.8. No Implied Representations and Warranties 29 Article V COVENANTS 29 Section 5.1. Access and Reports 29 Section 5.2. Efforts to Consummate; Certain Governmental Matters. 29 Section 5.3. Interim Operation Covenants of Buyer 27 4.2 AuthorizationSeller 31 Section 5.4. Public Disclosure; Confidentiality. 33 Section 5.5. Intellectual Property; No Conflicts 27 4.3 Litigation 28 4.4 Independent Investigation 28 4.5 Brokers Use of Certain Names. 34 Section 5.6. Bulk Transfer Laws. 35 Section 5.7. Further Assurances. 35 Section 5.8. Notification. 35 Section 5.9. Exclusivity. 36 Section 5.10. Non-Competition; Non-Solicit. 36 Section 5.11. Payoff Letters 37 Section 5.12. Release 37 Section 5.13. Insurance 38 Article VI TAX MATTERS 38 Section 6.1. Transfer Taxes 38 Section 6.2. Allocation of the Purchase Price 39 Section 6.3. Assistance and Commissions 28 Article 5 COVENANTS 29 5.1 Conduct of Business by Seller 29 5.2 Affirmative Covenants Relating to Seller 30 5.3 Consents and Closing Conditions 30 5.4 Access to Information 31 5.5 Confidentiality 32 5.6 Exclusivity 32 5.7 Cooperation 40 Section 6.4. Maintenance of Buyer’s Books and Records 33 5.8 Update of Disclosure Schedules 33 5.9 Restrictive Covenants 33 5.10 Further Assurances 34 40 Article 6 TAX MATTERS 34 6.1 Proration of Taxes 34 6.2 Cooperation on Tax Matters 35 6.3 Tax Proceedings 36 Article 7 EMPLOYEE MATTERS 36 7.1 Employment of Transferred Employees 36 7.2 Third Party Rights; Amendments to Employee Plans 36 Article 8 BUYER’S VII CONDITIONS TO CLOSING 37 8.1 Representations 40 Section 7.1. Conditions to Mutual Obligations 40 Section 7.2. Conditions to Obligations of Buyer 41 Section 7.3. Conditions to Obligations of Seller 41 Article VIII INDEMNIFICATION 42 Section 8.1. Survival 42 Section 8.2. Buyer Acknowledgment. 43 Section 8.3. Indemnification by Seller 44 Section 8.4. Indemnification by Buyer 45 Section 8.5. Limitations on Indemnification. 45 Section 8.6. Adjustments to Losses. 46 Section 8.7. Characterization of Indemnification Payments 47 Section 8.8. Third-Party Claim Indemnification Procedures. 47 TABLE OF CONTENTS (continued) Section 8.9. Direct Claim Indemnification Procedures 48 Section 8.10. Remedies Cumulative 48 Article IX TERMINATION 48 Section 9.1. Termination 49 Section 9.2. Effect of Termination 49 Article X MISCELLANEOUS 50 Section 10.1. Notices 50 Section 10.2. Amendment; Waiver 51 Section 10.3. No Assignment or Benefit to Third Parties 51 Section 10.4. Entire Agreement; Inconsistency 51 Section 10.5. Satisfaction of Obligations 52 Section 10.6. Equitable Relief 52 Section 10.7. Expenses 53 Section 10.8. Schedules 53 Section 10.9. Governing Law; Submission to Jurisdiction; Selection of Forum 53 Section 10.10. WAIVER OF JURY TRIAL 54 Section 10.11. Counterparts 54 Section 10.12. Headings 54 Section 10.13. Severability 54 Section 10.14. Currency 54 Section 10.15. Time is of the Essence 55 TABLE OF CONTENTS (continued) APPENDICES, SCHEDULES AND EXHIBITS APPENDICES Appendix A – Definitions SCHEDULES Schedule 2.1(b) – Transferred Contracts Schedule 2.1(c) – Transferred Brand Assets Schedule 2.1(d) – Additional Transferred Trademarks Schedule 2.1(e) – Domain Names Schedule 2.1(h) – Certain Excluded Books and Warranties 37 8.2 Performance Records Schedule 2.1(i) – Manufacturer Codes Schedule 2.1(j) – Governmental Authorizations and Private Certifications Schedule 2.1(k) – Equipment Schedule 2.2(q) – Other Excluded Assets Schedule 2.3(d) – Promotions Schedule 2.3(g) – Advertising Commitments Schedule 2.7(b)(iii) – Contracts to be Terminated Schedule 2.8 – Nonassignable Contracts Schedule 3.4 – Seller Regulatory Approvals Schedule 3.5 – Seller Non–Governmental Consents Schedule 3.6 – Assets Schedule 3.7 – Financial Information Schedule 3.8 – Litigation and Claims Schedule 3.9 – Compliance with Law Schedule 3.10(a) – Intellectual Property Schedule 3.12 – Contracts Schedule 3.13 – Taxes Schedule 3.14 – Permits and Licenses Schedule 3.15 – Suppliers and Customers Schedule 3.17 – Absence of Changes Schedule 3.18 – Related Party Services and Transactions Schedule 3.19 – Product Warranties; Product Liability Schedule 4.4 – Buyer Regulatory Approvals Schedule 4.5 – Buyer Non-Governmental Consents Schedule 4.6 – Certain Fees Schedule 5.3 – Interim Operation Covenants 37 8.3 No Litigation 37 8.4 No Orders 37 8.5 Material Adverse Effect 37 8.6 Consents 37 8.7 Closing Documents 37 8.8 Financing 37 8.9 Audit Financials 37 Article 9 SELLER’S CONDITIONS TO CLOSING 38 9.1 Representations of Seller Schedule 7.1(b) – Regulatory Approvals Schedule A1 – The Products Schedule A2 – Accounting Principles Schedule A3 – Allocation Principles TABLE OF CONTENTS (continued) EXHIBITS Exhibit A – Form of Xxxx of Sale and Warranties 38 9.2 Performance Assignment and Assumption Agreement Exhibit B – Form of Covenants 38 9.3 No Litigation 38 9.4 No Orders 38 9.5 Closing Documents 38Trademark Assignment Agreement Exhibit C – Form of Transition Services Agreement Exhibit D – Form of Retained Technology License ASSET PURCHASE AGREEMENT, dated as of September 12, 2018 (as it may be amended, supplemented or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”), by and among B&G Foods, Inc., a Delaware corporation (“Seller”), the Selling Subsidiaries named herein (together with Seller, the “Seller Parties”) and The Hershey Company, a Delaware corporation (“Buyer”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Hershey Co)

REPRESENTATIONS AND WARRANTIES OF BUYER 27. 4.1 Status Section 5.1. Organization and Qualification 27 Section 5.2. Corporate Authorization 27 Section 5.3. Binding Effect 27 Section 5.4. Regulatory Approvals and Third Party Consents 27 Section 5.5. Non-Contravention 27 Section 5.6. Actions 28 Section 5.7. Financial Capability 28 Section 5.8. Investment Representations 28 Section 5.9. Brokers’ Fees 28 Section 5.10. Solvency 28 ARTICLE 6 COVENANTS 28 Section 6.1. Access and Reports 28 Section 6.2. Efforts to Consummate; Certain Governmental Matters 29 Section 6.3. Interim Operation Covenants of Buyer 27 4.2 Authorizationthe Company 30 Section 6.4. Public Disclosure; No Conflicts 27 4.3 Litigation 28 4.4 Independent Investigation 28 4.5 Brokers and Commissions 28 Article 5 COVENANTS 29 5.1 Conduct of Business by Seller 29 5.2 Affirmative Covenants Relating to Seller 30 5.3 Consents and Closing Conditions 30 5.4 Confidentiality 31 Section 6.5. Exclusive Dealing 32 Section 6.6. Non-Competition 32 Section 6.7. Release 33 Section 6.8. Access to Information 31 5.5 Confidentiality 32 5.6 Exclusivity 32 5.7 Maintenance of Books and Records 33 5.8 Update of Disclosure Schedules 33 5.9 Restrictive Covenants 33 5.10 after Closing 34 Section 6.9. Tax Matters 34 Section 6.10. Further Assurances 34 Article 6 TAX MATTERS 34 6.1 Proration 37 Section 6.11. Directors’ and Officers’ Indemnification and Exculpation 37 Section 6.12. Notification of Taxes 34 6.2 Certain Matters 37 Section 6.13. Internal Control over Financial Reporting 38 Section 6.14. Financial Reporting Cooperation on Tax Matters 35 6.3 Tax Proceedings 36 Article 38 Section 6.15. Termination of 401(k) Retirement Plan 38 Section 6.16. Employees 38 Section 6.17. Discretionary Cash Bonus Plan 39 ARTICLE 7 EMPLOYEE MATTERS 36 7.1 Employment of Transferred Employees 36 7.2 Third Party Rights; Amendments to Employee Plans 36 Article 8 BUYER’S CONDITIONS TO CLOSING 37 8.1 Representations 39 Section 7.1. Conditions to Mutual Obligations 39 Section 7.2. Conditions to Obligations of Buyer 40 Section 7.3. Conditions to Obligations of the Members 41 ARTICLE 8 INDEMNIFICATION 41 Section 8.1. Survival 41 Section 8.2. Indemnification by the Securityholders 42 Section 8.3. Indemnification by Buyer 43 Section 8.4. Limitations on Indemnification 43 Section 8.5. Other Provisions 44 Section 8.6. Third-Party Claim Indemnification Procedures 45 Section 8.7. Direct Claim Indemnification Procedures 46 Section 8.8. Indemnification Payment Priority 46 Section 8.9. Characterization of Indemnification Payments 46 Section 8.10. Investigation by Indemnifying Parties 46 Section 8.11. Exclusive Remedy 47 ARTICLE 9 TERMINATION 47 Section 9.1. Termination 47 Section 9.2. Effect of Termination 48 ARTICLE 10 MISCELLANEOUS 48 Section 10.1. Securityholder Representative 48 Section 10.2. Notices 50 Section 10.3. Entire Agreement 51 Section 10.4. Amendment; Waiver 51 Section 10.5. No Assignment or Benefit to Third Parties 51 Section 10.6. Expenses 51 Section 10.7. Disclosure Schedule 51 Section 10.8. Governing Law; Arbitration; Submission to Jurisdiction; Waiver of Jury Trial 52 Section 10.9. Interpretation 53 Section 10.10. Counterparts 53 Section 10.11. Severability 53 Section 10.12. Time of Essence 53 Section 10.13. Injunctive Relief 54 Section 10.14. Waiver of Conflicts Regarding Representation; Non-Assertion of Attorney-Client Privilege 54 THIS UNIT PURCHASE AGREEMENT (this “Agreement”), dated as of October 4, 2018, is entered into by and Warranties 37 8.2 Performance among (i) LendingTree, LLC, a Delaware limited liability company (“Buyer”), (ii) XxxxxXxxxxx.xxx, LLC, a Delaware limited liability company (the “Company”), (iii) each of Covenants 37 8.3 No Litigation 37 8.4 No Orders 37 8.5 Material Adverse Effect 37 8.6 Consents 37 8.7 Closing Documents 37 8.8 Financing 37 8.9 Audit Financials 37 Article 9 SELLER’S CONDITIONS TO CLOSING 38 9.1 Representations the members of the Company set forth on the signature page hereto (each, a “Member,” and Warranties 38 9.2 Performance collectively, the “Members”) and (iv) Xxxxx Xxxxxx, an individual, as the Securityholder Representative (as defined hereunder). Exhibit A hereto contains definitions of Covenants 38 9.3 No Litigation 38 9.4 No Orders 38 9.5 Closing Documents 38certain initially capitalized terms used in this Agreement.

Appears in 1 contract

Samples: Unit Purchase Agreement (LendingTree, Inc.)

REPRESENTATIONS AND WARRANTIES OF BUYER 27. Section 4.1 Status Corporate Existence and Power 27 Section 4.2 Corporate Authorization 28 Section 4.3 Governmental Authorization 28 Section 4.4 Non-Contravention 29 Section 4.5 Compliance with Laws 29 Section 4.6 Sufficient Funds 29 Section 4.7 No Additional Representations 29 i Table of Buyer 27 4.2 Authorization; No Conflicts 27 4.3 Litigation 28 4.4 Independent Investigation 28 4.5 Brokers and Commissions 28 Article 5 Contents (Continued) ARTICLE V COVENANTS 29 OF PARENT 30 Section 5.1 Conduct of Business by Seller 29 Parent and the Acquired Businesses 30 Section 5.2 Affirmative Covenants Relating to Seller 30 Other Actions 35 Section 5.3 Consents Payoff of Company Indebtedness 35 Section 5.4 Related Party Transactions 35 Section 5.5 Financials 36 Section 5.6 Intercompany Claims; Release 36 Section 5.7 Intercompany Obligations 36 Section 5.8 Tax Liability Reimbursement 37 ARTICLE VI COVENANTS OF BUYER 37 Section 6.1 Conduct of Buyer 37 Section 6.2 Director and Closing Conditions 30 5.4 Officer Liability 37 Section 6.3 Employee Benefits 39 ARTICLE VII COVENANTS OF BUYER AND PARENT 46 Section 7.1 Reasonable Best Efforts 46 Section 7.2 Certain Filings 48 Section 7.3 Access to Information 31 5.5 48 Section 7.4 Public Announcements 49 Section 7.5 Further Assurances 49 Section 7.6 Notices of Certain Events 50 Section 7.7 Exclusivity 50 Section 7.8 Confidentiality 32 5.6 Exclusivity 32 5.7 Maintenance 51 Section 7.9 Preservation of Books and Records 33 5.8 Update 51 Section 7.10 Shared Contracts 51 Section 7.11 Release of Disclosure Schedules 33 5.9 Restrictive Covenants 33 5.10 Further Assurances 34 Article 6 Guarantees 52 Section 7.12 Preferential Purchase Rights; Consents 52 Section 7.13 Additional Businesses 52 Section 7.14 Transition Services Agreement 52 ARTICLE VIII CONDITIONS TO THE TRANSACTIONS 53 Section 8.1 Conditions to the Obligations of Each Party 53 Section 8.2 Additional Conditions to the Obligations of Buyer 53 Section 8.3 Additional Conditions to the Obligations of Parent 54 Section 8.4 Frustration of Closing Conditions 54 ARTICLE IX TERMINATION 54 Section 9.1 Termination 54 Section 9.2 Effect of Termination 55 ARTICLE X TAX MATTERS 34 6.1 Proration 55 Section 10.1 Transfer Taxes 55 Section 10.2 Restructuring Taxes 57 ii Table of Taxes 34 6.2 Cooperation on Contents (Continued) Section 10.3 Tax Matters 35 6.3 Returns 57 Section 10.4 Tax Proceedings 36 Article 7 EMPLOYEE MATTERS 36 7.1 Employment 57 Section 10.5 Assistance and Cooperation 58 Section 10.6 Receipt of Transferred Employees 36 7.2 Third Party Rights; Amendments to Employee Plans 36 Article 8 BUYER’S CONDITIONS TO CLOSING 37 8.1 Payments 58 Section 10.7 Tax Disputes 58 ARTICLE XI MISCELLANEOUS 59 Section 11.1 Notices 59 Section 11.2 Non-Survival of Representations and Warranties 37 8.2 Performance 60 Section 11.3 Amendments; No Waivers 60 Section 11.4 Expenses 61 Section 11.5 Agent for Service of Covenants 37 8.3 No Litigation 37 8.4 No Orders 37 8.5 Process 61 Section 11.6 Successors and Assigns 61 Section 11.7 Governing Law 61 Section 11.8 Enforcement; Jurisdiction 61 Section 11.9 Waiver of Jury Trial 62 Section 11.10 Counterparts; Effectiveness 62 Section 11.11 Entire Agreement 62 Section 11.12 Captions 62 Section 11.13 Severability 62 Section 11.14 Interpretation 62 EXHIBITS Exhibit A – Definitions Exhibit B – Transferred Companies Exhibit C – Allocation Schedule Exhibit D – Illustrative Closing Statement Exhibit E – Transition Services Term Sheet DEFINED TERMS TERM SECTION 2018 Financial Statements Exhibit A 2019 Bonuses Section 6.3(g)(v) Acquired Business Recitals Acquired Business Employee Exhibit A Acquired Business Material Adverse Effect 37 8.6 Consents 37 8.7 Closing Documents 37 8.8 Financing 37 8.9 Audit Financials 37 Article 9 SELLER’S CONDITIONS TO CLOSING 38 9.1 Representations and Warranties 38 9.2 Performance of Covenants 38 9.3 No Litigation 38 9.4 No Orders 38 9.5 Closing Documents 38Section 3.1 Adjustment Notice Section 2.5(b) Affiliate Exhibit A Agreement Preamble Algeria Business Exhibit A Alternative Transaction Section 7.7 Anti-Corruption Laws Section 3.14(d)(i) Anti-Discrimination Laws Section 3.12(i) Assumed Benefit Plans Exhibit A Benefit Plans Section 3.12(a) Business Day Section 11.14

Appears in 1 contract

Samples: Purchase and Sale Agreement (Occidental Petroleum Corp /De/)

REPRESENTATIONS AND WARRANTIES OF BUYER 27. 4.1 Status of Buyer Section 5.1. Organization and Qualification 27 4.2 Authorization; No Conflicts Section 5.2. Corporate Authorization 27 4.3 Litigation Section 5.3. Binding Effect 27 Section 5.4. Regulatory Approvals and Third Party Consents 28 4.4 Independent Investigation Section 5.5. Non-Contravention 28 4.5 Brokers and Commissions Section 5.6. Actions 28 Article 5 Section 5.7. Financial Capability 28 Section 5.8. Investment Representations 28 Section 5.9. Brokers’ Fees 29 Section 5.10. Solvency 29 ARTICLE 6 COVENANTS 29 5.1 Conduct Section 6.1. Access and Reports 29 Section 6.2. Efforts to Consummate; Certain Governmental Matters 29 Section 6.3. Interim Operation Covenants of Business by Seller 29 5.2 Affirmative Covenants Relating to Seller the Company 30 5.3 Consents and Closing Conditions 30 5.4 Section 6.4. Public Disclosure; Confidentiality 32 Section 6.5. Exclusive Dealing 32 Section 6.6. Non-Competition 33 Section 6.7. Release 34 Section 6.8. Access to Information 31 5.5 Confidentiality 32 5.6 Exclusivity 32 5.7 Maintenance of Books and Records 33 5.8 Update of Disclosure Schedules 33 5.9 Restrictive Covenants 33 5.10 Further Assurances after Closing 34 Article 6 TAX MATTERS 34 6.1 Proration of Taxes 34 6.2 Cooperation on Section 6.9. Tax Matters 35 6.3 Tax Proceedings 36 Article Section 6.10. Further Assurances 37 Section 6.11. Directors’ and Officers’ Indemnification and Exculpation 37 Section 6.12. Notification of Certain Matters 38 Section 6.13. Internal Control over Financial Reporting 38 Section 6.14. Financial Reporting Cooperation 38 Section 6.15. Termination of 401(k) Retirement Plan 39 Section 6.16. Employees 39 Section 6.17. Discretionary Cash Bonus Plan 39 ARTICLE 7 EMPLOYEE MATTERS 36 7.1 Employment of Transferred Employees 36 7.2 Third Party Rights; Amendments to Employee Plans 36 Article 8 BUYER’S CONDITIONS TO CLOSING 37 8.1 Representations 40 Section 7.1. Conditions to Mutual Obligations 40 Section 7.2. Conditions to Obligations of Buyer 40 Section 7.3. Conditions to Obligations of the Members 41 ARTICLE 8 INDEMNIFICATION 41 Section 8.1. Survival 41 Section 8.2. Indemnification by the Securityholders 42 Section 8.3. Indemnification by Buyer 43 Section 8.4. Limitations on Indemnification 43 Section 8.5. Other Provisions 44 Section 8.6. Third-Party Claim Indemnification Procedures 45 Section 8.7. Direct Claim Indemnification Procedures 46 Section 8.8. Indemnification Payment Priority 47 Section 8.9. Characterization of Indemnification Payments 47 Section 8.10. Investigation by Indemnifying Parties 47 Section 8.11. Exclusive Remedy 47 ARTICLE 9 TERMINATION 47 Section 9.1. Termination 48 Section 9.2. Effect of Termination 48 ARTICLE 10 MISCELLANEOUS 48 Section 10.1. Securityholder Representative 48 Section 10.2. Notices 50 Section 10.3. Entire Agreement 51 Section 10.4. Amendment; Waiver 51 Section 10.5. No Assignment or Benefit to Third Parties 51 Section 10.6. Expenses 51 Section 10.7. Disclosure Schedule 52 Section 10.8. Governing Law; Arbitration; Submission to Jurisdiction; Waiver of Jury Trial 52 Section 10.9. Interpretation 53 Section 10.10. Counterparts 54 Section 10.11. Severability 54 Section 10.12. Time of Essence 54 Section 10.13. Injunctive Relief 54 Section 10.14. Waiver of Conflicts Regarding Representation; Non-Assertion of Attorney-Client Privilege 54 THIS UNIT PURCHASE AGREEMENT (this “Agreement”), dated as of October 4, 2018, is entered into by and Warranties 37 8.2 Performance among (i) LendingTree, LLC, a Delaware limited liability company (“Buyer”), (ii) XxxxxXxxxxx.xxx, LLC, a Delaware limited liability company (the “Company”), (iii) each of Covenants 37 8.3 No Litigation 37 8.4 No Orders 37 8.5 Material Adverse Effect 37 8.6 Consents 37 8.7 Closing Documents 37 8.8 Financing 37 8.9 Audit Financials 37 Article 9 SELLER’S CONDITIONS TO CLOSING 38 9.1 Representations the members of the Company set forth on the signature page hereto (each, a “Member,” and Warranties 38 9.2 Performance collectively, the “Members”) and (iv) Xxxxx Xxxxxx, an individual, as the Securityholder Representative (as defined hereunder). Exhibit A hereto contains definitions of Covenants 38 9.3 No Litigation 38 9.4 No Orders 38 9.5 Closing Documents 38certain initially capitalized terms used in this Agreement.

Appears in 1 contract

Samples: Unit Purchase Agreement (LendingTree, Inc.)

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REPRESENTATIONS AND WARRANTIES OF BUYER 27. 4.1 Status Section 4.01 Making of Buyer Representations and Warranties 27 4.2 AuthorizationSection 4.02 Organization, Standing and Authority 28 Section 4.03 Capital Stock 28 Section 4.04 Corporate Power; Minute Books 29 Section 4.05 Corporate Authority 29 Section 4.06 SEC Documents; Other Reports; Internal Controls 29 Section 4.07 Financial Statements; Undisclosed Liabilities 31 Section 4.08 Regulatory Approvals; No Conflicts 27 4.3 Litigation 28 4.4 Independent Investigation 28 4.5 Defaults 31 Section 4.09 Agreements with Regulatory Agencies 32 Section 4.10 Absence of Certain Changes or Events 32 Section 4.11 Compliance With Laws 32 Section 4.12 Joint Proxy Statement-Prospectus Information; Registration Statement 33 Section 4.13 Legal Proceedings 33 Section 4.14 Brokers and Commissions 28 Article 5 COVENANTS 29 5.1 Conduct of Business by Seller 29 5.2 Affirmative Covenants Relating to Seller 30 5.3 Consents and Closing Conditions 30 5.4 Access to Information 31 5.5 Confidentiality 32 5.6 Exclusivity 32 5.7 Maintenance of Books and Records 33 5.8 Update of Disclosure Schedules 33 5.9 Restrictive Covenants 33 5.10 Further Assurances Section 4.15 Employee Benefit Plans 34 Article 6 TAX MATTERS 34 6.1 Proration of Taxes 34 6.2 Cooperation on Section 4.16 Labor Matters 35 Section 4.17 Tax Matters 35 6.3 Tax Proceedings Section 4.18 Loans: Nonperforming and Classified Assets 36 Article 7 EMPLOYEE MATTERS 36 7.1 Employment Section 4.19 CRA, Anti-Money Laundering and Customer Information Security 37 Section 4.20 Regulatory Capitalization 37 Section 4.21 Environmental Matters 37 Section 4.22 Intellectual Property 38 Section 4.23 Administration of Transferred Employees 36 7.2 Trust and Fiduciary Accounts 38 Section 4.24 Information Security 38 Section 4.25 Fairness Opinion 38 Section 4.26 Disclosure 38 ARTICLE V COVENANTS 38 Section 5.01 Covenants of Company 38 Section 5.02 Covenants of Buyer 42 Section 5.03 Commercially Reasonable Effort 43 Section 5.04 Stockholder Approval 43 Section 5.05 Registration Statement; Joint Proxy Statement-Prospectus; Nasdaq Listing 44 Section 5.06 Regulatory Filings; Consents 45 Section 5.07 Publicity 46 Section 5.08 Access; Information 47 Section 5.09 No Solicitation by Company 47 Section 5.10 Indemnification; Directors’ and Officers’ Insurance 49 Section 5.11 Employees; Benefit Plans 50 Section 5.12 Notification of Certain Changes 52 Section 5.13 Current Information 53 Section 5.14 Board Packages 53 Section 5.15 Transition; Informational Systems Conversion 53 Section 5.16 Access to Customers and Suppliers 54 Section 5.17 Environmental Assessments 54 Section 5.18 Stockholder Litigation and Claims 54 Section 5.19 Director Resignations 55 Section 5.20 Third Party Rights; Amendments to Employee Plans 36 Article 8 BUYER’S Consents 55 Section 5.21 Coordination 55 Section 5.22 Merger 56 Section 5.23 Charitable Foundation 56 Section 5.24 Certain Transactional Expenses 56 Section 5.25 Stock Exchange De-listing 56 Section 5.26 Coordination of Dividends 56 Section 5.27 Section 16(a) 57 Section 5.28 Representation on Buyer Board and Buyer Bank Board 57 ARTICLE VI CONDITIONS TO CLOSING 37 8.1 Representations CONSUMMATION OF THE MERGER 57 Section 6.01 Conditions to Obligations of the Parties to Effect the Merger 57 Section 6.02 Conditions to Obligations of Company 58 Section 6.03 Conditions to Obligations of Buyer 58 Section 6.04 Frustration of Closing Conditions 59 ARTICLE VII TERMINATION 59 Section 7.01 Termination 59 Section 7.02 Termination Fee; Reimbursement 62 Section 7.03 Effect of Termination 63 ARTICLE VIII DEFINITIONS 63 Section 8.01 Definitions 63 ARTICLE IX MISCELLANEOUS 71 Section 9.01 Survival 71 Section 9.02 Waiver; Amendment 71 Section 9.03 Governing Law; Waiver 72 Section 9.04 Expenses 72 Section 9.05 Notices 72 Section 9.06 Entire Understanding; No Third Party Beneficiaries 73 Section 9.07 Severability 73 Section 9.08 Enforcement of the Agreement 73 Section 9.09 Interpretation 74 Section 9.10 Assignment 74 Section 9.11 Counterparts 74 This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is dated as of September 20, 2018, by and Warranties 37 8.2 Performance among Independent Bank Corp. (“Buyer”), Rockland Trust Company, a wholly owned subsidiary of Covenants 37 8.3 No Litigation 37 8.4 No Orders 37 8.5 Material Adverse Effect 37 8.6 Consents 37 8.7 Closing Documents 37 8.8 Financing 37 8.9 Audit Financials 37 Buyer (“Buyer Bank”), Blue Hills Bancorp, Inc. (“Company”), and Blue Hills Bank a wholly owned subsidiary of Company (“Company Bank”). Capitalized terms used in this Agreement have the meaning set forth in Article 9 SELLER’S CONDITIONS TO CLOSING 38 9.1 Representations and Warranties 38 9.2 Performance of Covenants 38 9.3 No Litigation 38 9.4 No Orders 38 9.5 Closing Documents 38VIII.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independent Bank Corp)

REPRESENTATIONS AND WARRANTIES OF BUYER 27. 4.1 Status Section 4.1Organization, Standing and Power 27 Section 4.2Authority; Noncontravention 27 Section 4.3Capital Resources 28 Section 4.4Litigation 28 Section 4.5Brokers and Other Advisors 29 [CONFIDENTIAL TREATMENT REQUESTED BY AVADEL PHARMACEUTICALS PLC] Section 4.6Independent Investigation 29 ARTICLE V ADDITIONAL AGREEMENTS 29 Section 5.1Confidentiality; Non-Competition 29 Section 5.2Certain Tax Matters 32 Section 5.3Public Announcements 33 Section 5.4Regulatory Matters 34 Section 5.5Access 35 Section 5.6Expenses 35 Section 5.7Wrong Pockets 35 Section 5.8Further Assurances 35 Section 5.9TRIS Make-Whole Payments 36 Section 5.10Name 36 Section 5.11Employment 36 Section 5.12.Conduct of Business Prior to the Closing 37 ARTICLE VI INDEMNIFICATION38 Section 6.1Indemnification of Buyer 27 4.2 Authorization38 Section 6.2Indemnification of Seller Indemnified Parties 39 Section 6.3Limitations 39 Section 6.4.Indemnification Claims 40 Section 6.5Termination of Indemnification 42 Section 6.6Exclusive Remedies 42 ARTICLE VII GENERAL PROVISIONS 42 Section 7.1Rules of Construction 42 Section 7.2Notices 42 Section 7.3Consents and Approvals 43 Section 7.4Counterparts 43 Section 7.5Entire Agreement; No Conflicts 27 4.3 Litigation 28 4.4 Independent Investigation 28 4.5 Brokers and Commissions 28 Article 5 COVENANTS 29 5.1 Conduct of Business by Seller 29 5.2 Affirmative Covenants Relating to Seller 30 5.3 Consents and Closing Conditions 30 5.4 Access to Information 31 5.5 Confidentiality 32 5.6 Exclusivity 32 5.7 Maintenance of Books and Records 33 5.8 Update of Disclosure Schedules 33 5.9 Restrictive Covenants 33 5.10 Further Assurances 34 Article 6 TAX MATTERS 34 6.1 Proration of Taxes 34 6.2 Cooperation on Tax Matters 35 6.3 Tax Proceedings 36 Article 7 EMPLOYEE MATTERS 36 7.1 Employment of Transferred Employees 36 7.2 Third Party RightsBeneficiaries 43 Section 7.6Assignment 43 Section 7.7Governing Law 44 Section 7.8Enforcement 44 Section 7.9Severability 45 Section 7.10Amendment; Amendments to Employee Plans 36 Article 8 BUYER’S CONDITIONS TO CLOSING 37 8.1 Representations and Warranties 37 8.2 Performance of Covenants 37 8.3 No Litigation 37 8.4 No Orders 37 8.5 Material Adverse Effect 37 8.6 Consents 37 8.7 Closing Documents 37 8.8 Financing 37 8.9 Audit Financials 37 Article 9 SELLER’S CONDITIONS TO CLOSING 38 9.1 Representations and Warranties 38 9.2 Performance of Covenants 38 9.3 No Litigation 38 9.4 No Orders 38 9.5 Closing Documents 38Waiver 45

Appears in 1 contract

Samples: Asset Purchase Agreement (Avadel Pharmaceuticals PLC)

REPRESENTATIONS AND WARRANTIES OF BUYER 27. Section 4.1 Status Organization of Buyer 27 Section 4.2 AuthorizationAuthorization and Non-Contravention; No Conflicts 27 Required Filings and Consents 28 Section 4.3 Litigation 28 4.4 Independent Investigation 28 4.5 Brokers and Commissions 28 Article 5 Funds Available 29 ARTICLE 5. PRECLOSING COVENANTS OF SELLER 29 Section 5.1 Assignment of Contracts 29 Section 5.2 Conduct of Business by Seller Prior to Closing 29 5.2 Affirmative ARTICLE 6. CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER 29 Section 6.1 Representations, Warranties and Covenants Relating to Seller 30 5.3 29 Section 6.2 Consents and Approvals 30 Section 6.3 Taxes 31 Section 6.4 Delivery of Documents 31 Section 6.5 Employees 31 Section 6.6 Satisfaction of Conditions 32 Section 6.7 Payoff Letters; UCC Termination Statements 32 ARTICLE 7. CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER 32 Section 7.1 Representations, Warranties and Covenants 32 Section 7.2 Transfer Documents 32 Section 7.3 Satisfaction of Conditions 32 Section 7.4 Escrow Agreement 33 Section 7.5 Employees 33 Section 7.6 Employee Benefit Plans 33 ARTICLE 8. OTHER AGREEMENTS 33 Section 8.1 Further Assurances; Assignments and Consents 33 Section 8.2 Fees and Expenses 33 Section 8.3 Noncompetition 33 Section 8.4 Allocation of Purchase Price 35 Section 8.5 Tax Apportionments 35 Section 8.6 Certain Taxes 36 Section 8.7 Promotional Materials 36 Section 8.8 Packaging and Labels 36 Section 8.9 Post-Closing Conditions 30 5.4 Access Cooperation 36 Section 8.10 Bulk Sales 36 Page ii – TABLE OF CONTENTS Section 8.11 Stockholder’s Right to Information 31 5.5 Confidentiality 32 5.6 Exclusivity 32 5.7 Maintenance Purchase Product 36 Section 8.12 Post-Closing Consulting Arrangements 37 Section 8.13 Name Change 37 ARTICLE 9. INDEMNIFICATION 37 Section 9.1 Survival of Books Representations and Records 33 5.8 Update Covenants 37 Section 9.2 Indemnification by Stockholders 37 Section 9.3 Indemnification by Buyer 39 Section 9.4 Defense of Disclosure Schedules 33 5.9 Restrictive Covenants 33 5.10 Further Assurances 34 Article 6 TAX MATTERS 34 6.1 Proration of Taxes 34 6.2 Cooperation on Tax Matters 35 6.3 Tax Proceedings 36 Article 7 EMPLOYEE MATTERS 36 7.1 Employment of Transferred Employees 36 7.2 Third Party RightsClaims 39 Section 9.5 Reliance 41 ARTICLE 10. ARBITRATION 41 Section 10.1 Notice of Dispute/Negotiated Resolution 41 Section 10.2 Arbitration 41 ARTICLE 11. MISCELLANEOUS 42 Section 11.1 Notices 42 Section 11.2 Interpretation 43 Section 11.3 Counterparts 44 Section 11.4 Entire Agreement; Amendments to Employee Plans 36 Article 8 BUYER’S CONDITIONS TO CLOSING 37 8.1 Representations No Third Party Beneficiaries 44 Section 11.5 Governing Law 44 Section 11.6 Assignment 44 Section 11.7 Amendment 44 Section 11.8 Certain Remedies 44 Section 11.9 Severability 45 Section 11.10 Attorneys’ Fees 45 Exhibits: Exhibit A – Escrow Agreement ASSET PURCHASE AGREEMENT Asset Purchase Agreement (this “Agreement”) dated as of May 23, 2007, by and Warranties 37 8.2 Performance of Covenants 37 8.3 No Litigation 37 8.4 No Orders 37 8.5 Material Adverse Effect 37 8.6 Consents 37 8.7 Closing Documents 37 8.8 Financing 37 8.9 Audit Financials 37 Article 9 SELLER’S CONDITIONS TO CLOSING 38 9.1 Representations among Compton Acquisition, Inc., an Oregon corporation (“Buyer”), Runco International, Inc., a California corporation (“Seller”), and Warranties 38 9.2 Performance of Covenants 38 9.3 No Litigation 38 9.4 No Orders 38 9.5 Closing Documents 38Xxx Xxxxx and Xxxx Xxxxx (each a “Stockholder” and together, the “Stockholders”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Planar Systems Inc)

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