REPRESENTATIONS AND WARRANTIES OF PGHL PARTIES. Except as set forth in the PGHL Schedules to this Agreement (each of which qualifies (a) the correspondingly numbered representation, warranty or covenant if specified therein and (b) such other representations, warranties or covenants where its relevance as an exception to (or disclosure for purposes of) such other representation, warranty or covenant is reasonably apparent on its face), PGHL and, solely for the purposes of Section 5.03, Section 5.04 and Section 5.05, each PGHL Party represents and warrants to FTAC as follows:
REPRESENTATIONS AND WARRANTIES OF PGHL PARTIES. 24 Section 5.01 Corporate Organization of PGHL 24 Section 5.02 Subsidiaries 24 Section 5.03 Due Authorization 24 Section 5.04 No Conflict 25 Section 5.05 Governmental Authorities; Consents 25 Section 5.06 Current Capitalization 25 Section 5.07 Capitalization of Subsidiaries 25 Section 5.08 Financial Statements 26 Section 5.09 Undisclosed Liabilities 26 Section 5.10 Litigation and Proceedings 27 Section 5.11 Compliance with Laws 27 Section 5.12 Contracts; No Defaults 28 Section 5.13 PGHL Benefit Plans 30 Section 5.14 Labor Matters 31 Section 5.15 Taxes 32 Section 5.16 Insurance 34 Section 5.17 Permits 35 Section 5.18 Real Property 35 Section 5.19 Intellectual Property and IT Security 35 Section 5.20 Data Privacy 37 Section 5.21 Environmental Matters 37 Section 5.22 Absence of Changes 38 Section 5.23 Brokers’ Fees 38 Section 5.24 Related Party Transactions 38 Section 5.25 Proxy Statement 38 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF FTAC 39 Section 6.01 Corporate Organization 39 Section 6.02 Due Authorization 39 Section 6.03 No Conflict 40 Section 6.04 Litigation and Proceedings 40 Section 6.05 Governmental Authorities; Consents 40 Section 6.06 Compliance with Laws 41 Section 6.07 Financial Ability; Trust Account 41 Section 6.08 Brokers’ Fees 42 Section 6.09 SEC Reports; Financial Statements; Xxxxxxxx-Xxxxx Act; Undisclosed Liabilities 42 Section 6.10 Business Activities 43 Section 6.11 Employee Benefit Plans 44 Section 6.12 Tax Matters 44 Section 6.13 Capitalization 46 Section 6.14 NYSE Stock Market Listing 47 Section 6.15 PIPE Investment 47 Section 6.16 Sponsor Agreement 48 Section 6.17 Forward Purchase Agreement 48 Section 6.18 Contracts; No Defaults; Affiliate Agreements 48 Section 6.19 Title to Property 49 Section 6.20 Investment Company Act 49 Section 6.21 Interest in Competitors 49 Section 6.22 FTAC Stockholders 49 ARTICLE VII COVENANTS OF PGHL AND ITS SUBSIDIARIES 49 Section 7.01 Conduct of Business 49 Section 7.02 Inspection 52 Section 7.03 No Claim Against the Trust Account 53 Section 7.04 Proxy Solicitation; Other Actions 53 ARTICLE VIII COVENANTS OF FTAC 54 Section 8.01 Indemnification and Insurance 54 Section 8.02 Conduct of FTAC During the Interim Period 55 Section 8.03 PIPE Investment; FTAC Financing 57 Section 8.04 Certain Transaction Agreements 58 Section 8.05 Inspection 58 Section 8.06 FTAC NYSE Listing 58 Section 8.07 FTAC Public Filings 58 Section 8.08 Section 16 Matters 58 Section 8.09 Omnibus Incentive Plan 58 Section 8.10 Qualificati...
