Representations and Warranties of Indian to be True. Except to --------------------------------------------------- the extent waived in writing by Coral Group (i) the representations and warranties of Indian herein contained shall be Substantially True (hereinafter defined) as of the Effective Time with the same effect as though made at such time (except if a representation and warranty speaks as of a different date, in which case it shall be Substantially True as of such date); and (ii) Indian shall have performed all material obligations and complied with all material covenants required by this Agreement to be performed or complied with by it at or prior to the Effective Time. Indian shall have also delivered to Coral Group a certificate of Indian, dated the Effective Date, signed by two of its officers, to both of the aforementioned effects. If Coral Group and Indian are able to agree on a basis upon which to adjust the consideration to be received among them in the Merger and Reorganization, after taking into account any representation or warranty that is not Substantially True as provided in this Section 6.02, then, for purposes of Section 1.14(b), this condition shall be deemed satisfied, regardless of the fact that Indian's representations and warranties will not be Substantially True at the Effective Time.
