REPRESENTATIONS AND WARRANTIES OF MLIM PARENT. Except as set forth in writing in a Schedule attached to the Disclosure Letter delivered by MLIM Parent to BlackRock on the date hereof (the “MLIM Parent Disclosure Letter”) referencing the appropriate section of this Article III (references in this Article III to any “Schedule” being deemed to refer to Schedules to such Disclosure Letter) or otherwise readily apparently pertaining to any section of this Article III, MLIM Parent represents and warrants to BlackRock as follows, as of the date hereof and as of the Closing Date:
REPRESENTATIONS AND WARRANTIES OF MLIM PARENT. Section 3.1 Organization 6 Section 3.2 MLIM Capital Structure 6 Section 3.3 MLIM Business Entities 7 Section 3.4 Title to MLIM Transferred Interests 7 Section 3.5 Authority; Validity of Agreements 7 Section 3.6 Consents and Approvals 8 Section 3.7 No Conflicts 8 Section 3.8 Financial Statements 9 Section 3.9 Absence of Undisclosed Liabilities 10 Section 3.10 Absence of Certain Changes 10 Section 3.11 Assets 10 Section 3.12 Real Property 11 Section 3.13 Material Contracts 12 Section 3.14 Litigation 14 Section 3.15 Affiliate Arrangements 14 Section 3.16 Compliance with Law; Government Regulation; Etc. 15 Section 3.17 MLIM Public Funds 18 Section 3.18 Private MLIM Funds 20 Section 3.19 Assets Under Management; Clients 21 Table of Contents Section 3.20 Taxes 22 Section 3.21 Benefit Plans; Employees 25 Section 3.22 Intellectual Property; Information Technology 27 Section 3.23 Insurance 27 Section 3.24 Compliance with Environmental Law 28 Section 3.25 Books and Records 28 Section 3.26 Derivative Products 28 Section 3.27 Brokers and Finders 28 Section 3.28 No Vote Required 28 Section 3.29 Investment Intention 29 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE BLACKROCK PARTIES Section 4.1 Organization 29 Section 4.2 Capital Structure 30 Section 4.3 Title to Common Stock; Business of New BlackRock and BlackRock Merger Sub 30 Section 4.4 Controlled Affiliates 31 Section 4.5 Authority; Validity of Agreements 31 Section 4.6 Consents and Approvals 31 Section 4.7 No Conflicts 32 Section 4.8 SEC Matters 32 Section 4.9 Absence of Undisclosed Liabilities 33 Section 4.10 Absence of Certain Changes 33 Section 4.11 Litigation 34 Section 4.12 Compliance with Law; Government Regulation; Etc. 34 Section 4.13 BlackRock Benefit Plans; Employees 37 Section 4.14 Intellectual Property; Information Technology 39 Section 4.15 Insurance 39 Section 4.16 Affiliate Arrangements 40 Section 4.17 Real Properties 40 Section 4.18 Material Contracts 41 Section 4.19 Brokers and Finders 42 Section 4.20 [Intentionally Omitted] 42 Section 4.21 Taxes 42 Section 4.22 Board of Directors Approvals 43 ii Table of Contents ARTICLE V COVENANTS Section 5.1 Conduct of Business 43 Section 5.2 Information Prior to Closing 47 Section 5.3 Notification of Certain Matters 48 Section 5.4 No Solicitation, Etc. 49 Section 5.5 Use of Certain Marks 50 Section 5.6 Confidentiality and Announcements 51 Section 5.7 Regulatory Matters; Third-Party Consents 51 Section 5.8 MLIM Client Consents 52 Section 5.9 Expenses 55 Sec...
REPRESENTATIONS AND WARRANTIES OF MLIM PARENT. Section 3.1 Organization...............................................6 Section 3.2 MLIM Capital Structure.....................................6 Section 3.3 MLIM Business Entities.....................................7 Section 3.4 Title to MLIM Transferred Interests........................7 Section 3.5 Authority; Validity of Agreements..........................7 Section 3.6 Consents and Approvals.....................................8 Section 3.7 No Conflicts...............................................8 Section 3.8 Financial Statements.......................................9 Section 3.9 Absence of Undisclosed Liabilities........................10 Section 3.10 Absence of Certain Changes................................10 Section 3.11 Assets....................................................10 Section 3.12
REPRESENTATIONS AND WARRANTIES OF MLIM PARENT. Section 3.1 Organization 6 Section 3.2 MLIM Capital Structure 6 Section 3.3 MLIM Business Entities 7 Section 3.4 Title to MLIM Transferred Interests 7 Section 3.5 Authority; Validity of Agreements 7 Section 3.6 Consents and Approvals 8 Section 3.7 No Conflicts 8 Section 3.8 Financial Statements 9 Section 3.9 Absence of Undisclosed Liabilities 10 Section 3.10 Absence of Certain Changes 10 Section 3.11 Assets 10 Section 3.12 Real Property 11 Section 3.13 Material Contracts 12 Section 3.14 Litigation 14 Section 3.15 Affiliate Arrangements 14 Section 3.16 Compliance with Law; Government Regulation; Etc. 15 Section 3.17 MLIM Public Funds 18 Section 3.18 Private MLIM Funds 20 Section 3.19 Assets Under Management; Clients 21 Table of Contents Section 3.20 Taxes 22 Section 3.21 Benefit Plans; Employees 25 Section 3.22 Intellectual Property; Information Technology 27 Section 3.23 Insurance 27 Section 3.24 Compliance with Environmental Law 28 Section 3.25 Books and Records 28 Section 3.26 Derivative Products 28 Section 3.27 Brokers and Finders 28 Section 3.28 No Vote Required 28 Section 3.29 Investment Intention 29
