REPRESENTATIONS AND WARRANTIES OF PHOENIX AND MERGER SUB. Phoenix and Merger Sub represent and warrant to the Company as follows, except as set forth in (x) the Phoenix SEC Reports (as defined below) filed prior to the date hereof (but excluding any disclosure contained in such Phoenix SEC Reports under the heading “Risk Factors” or “Cautionary Note Regarding Forward-Looking Statements”) or (y) the written disclosure schedule delivered by Phoenix to the Company (the “Phoenix Disclosure Schedule”). The Phoenix Disclosure Schedule shall be arranged in parts and subparts corresponding to the numbered and lettered sections and subsections contained in this Section 3. The disclosures in any part or subpart of the Phoenix Disclosure Schedule shall qualify other Sections and subsections in this Section 3 to the extent it is reasonably clear from a reading of the disclosure that such disclosure is applicable to such other Sections and subsections.
REPRESENTATIONS AND WARRANTIES OF PHOENIX AND MERGER SUB. Phoenix and Merger Sub represent and warrant to Sand, except as set forth in the disclosure letter supplied by Phoenix to Sand on or before the date hereof and certified by a duly authorized officer of Phoenix (the "PHOENIX DISCLOSURE LETTER"), as follows:
REPRESENTATIONS AND WARRANTIES OF PHOENIX AND MERGER SUB. A-16 3.1 Organization of Phoenix......................................................................... A-16 3.2 Phoenix and Merger Sub Capital Structure........................................................ A-16 3.3 Obligations With Respect to Common Stock........................................................ A-17 3.4 Authority....................................................................................... A-17 3.5 SEC Filings; Phoenix Financial Statements....................................................... A-18 3.6 Absence of Certain Changes or Events............................................................ A-19 3.7 Tax Returns and Audits.......................................................................... A-19 3.8 Intellectual Property........................................................................... A-20 3.9 Compliance; Permits; Restrictions...............................................................
