REPRESENTATIONS AND WARRANTIES OF DIMON. 23 4.1. Due Incorporation; Interests in Subsidiaries and Other Investee Companies 23 4.2. Capitalization 24 4.3. Authorization; Enforceability 25 4.4. No Violation or Conflict 25 4.5. SEC Documents and Other Reports 26 4.6. No Undisclosed Liabilities 26 4.7. Inventory and Accounts 27 4.8. No Violation of Law 27 4.9. Compliance with Foreign Corrupt Practices Act, Money Laundering and OFAC Laws 28 4.10. Litigation 28 4.11. Absence of Certain Changes or Events 28 4.12. Title to Assets 29 4.13. Performance of DIMON Contracts 29 4.14. ERISA 29 4.15. Taxes 31 4.16. Labor Matters 32 4.17. DIMON Existing Permits 32 4.18. Intangible Assets 33 4.19. Environmental Matters 33 4.20. Required Vote of DIMON Shareholders; Authorization 33 4.21. Brokers or Finders 34 4.22. Opinion of Financial Advisor 34 4.23. Certain Agreements 34 ARTICLE 5 COVENANTS 34 5.1. Conduct of Business by the Company 34 5.2. Conduct of Business by DIMON 36 5.3. Information Supplied 38 5.4. Shareholder Meetings 39 5.5. Filings; Approvals and Consents; Cooperation 39 5.6. Antitrust Filings and Approvals 40 5.7. Listing of DIMON Common Stock 41 5.8. Affiliates 41 5.9. Takeover Statute 42 5.10. Financing 42 5.11. Tax-Free Reorganization 42 5.12. Letters of the Company’s Accountants 43 5.13. Letters of DIMON’s Accountants 43 5.14. Governance 43 5.15. D&O Insurance 44 ARTICLE 6 CONDITIONS 44 6.1. Conditions to Each Party’s Obligation to Effect the Merger 44 6.2. Conditions to DIMON’s Obligation to Effect the Merger 45 6.3. Conditions to the Company’s Obligation to Effect the Merger 46 ARTICLE 7 NO SURVIVAL OF REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION 46 7.1. No Survival of Representations and Warranties 46 7.2. Directors’ and Officers’ Indemnification 47 ARTICLE 8 TERMINATION 47 8.1. Termination 47 8.2. Rights on Termination 49 8.3. Termination Fees 50 8.4. Remedies for Certain Breaches 50 8.5. Remedies Exclusive 50 ARTICLE 9 MISCELLANEOUS 51 9.1. Expenses 51 9.2. Entire Agreement 51 9.3. Amendment 51 9.4. Governing Law 51 9.5. Assignment 51 9.6. Notices 52 9.7. Counterparts; Headings 52 9.8. Interpretation 52 9.9. Specific Performance 52 9.10. No Reliance 53 9.11. Exhibits and Schedules 53 9.12. No Third Party Beneficiary 53 ARTICLE 10 DEFINITIONS 53 10.1. Affiliate 53 10.2. Agreement 53 10.3. Buildings 53 10.4. Company Contracts 53 10.5. Company Existing Permits 53 10.6. Company Real Estate 53 10.7. Company Schedule of Exceptions 54 10.8. Company Shareholders 54 10.9. Control 54 10.10. DIMON Co...
REPRESENTATIONS AND WARRANTIES OF DIMON. DIMON hereby represents and warrants to the Company that, except as set forth on the DIMON Schedule of Exceptions:
