REPRESENTATIONS AND WARRANTIES OF SELLER 15. Organization of Seller and its subsidiaries 16 6.2 Corporate Authority; Approval and Fairness 16 6.3 Consents of Third Parties; No Violations 17 6.4 Financial Statements 18 6.5 Accounts Receivable 20 6.6 Title to Purchased Assets; Intellectual Property 20 6.7 Ownership and Transfer of Shares 20 6.8 Intellectual Property 21 6.9 Seller Material Agreements and Governmental Contracts 22 6.10 Absence of Certain Developments 25 6.11 Litigation 26 6.12 Financial Advisors 27 6.13 Environmental Matters 27
REPRESENTATIONS AND WARRANTIES OF SELLER 15. Organization and Corporate Power 15
REPRESENTATIONS AND WARRANTIES OF SELLER 15. Section 4.01. Organization 15 Section 4.02. Power and Authority 15 Section 4.03. Enforceability 16 Section 4.04. No Conflict or Violation 16 Section 4.05. Consents and Approvals 16 Section 4.06. Undisclosed Liabilities 16 Section 4.07. Absence of Certain Changes or Events 16 Section 4.08. Tax Matters 16 Section 4.09. Real Property and Easements 17 Section 4.10. Equipment and Machinery 17 Section 4.11. Environmental Compliance 17 Section 4.12. Authorizations and Permits 20 Section 4.13. System Contracts 20 Section 4.14. Compliance with Law; Litigation 20 Section 4.15. Broker’s and Finder’s Fees 19 Section 4.16. Title to the Acquired Assets; Sufficiency 20 Section 4.17. Pending Development Plans 20 Section 4.18. Land Development Agreements/Financial Security Agreements 20 Article V. REPRESENTATIONS AND WARRANTIES OF BUYER 21 Section 5.01. Organization 21 Section 5.02. Authorization and Validity of Agreement 21 Section 5.03. No Conflict or Violation 21 Section 5.04. Consents and Approvals 21 Section 5.05. Broker’s and Finder’s Fees 21 Section 5.06. Financial Wherewithal 22 Section 5.07. Sufficient Funds 22 Section 5.08. Independent Decision 22 - i - Section 5.09. Scheduled Matters 22 Section 5.10. Independent Investigation 22 Section 5.11. Litigation 23
REPRESENTATIONS AND WARRANTIES OF SELLER 15. Section 3.1 Organization; Good Standing; Corporate Power of Seller 15 Section 3.2 Authority; Conflicts 15 Section 3.3 Title to Shares 16 Section 3.4 Organization of the Company 16 Section 3.5 Capital Structure of the Company 16 Section 3.6 Consents and Approvals 16 Section 3.7 Financial Statements. 17 Section 3.8 Absence of Certain Changes 17 Section 3.9 Tax Matters 18 Section 3.10 Governmental Permits 19 Section 3.11 Real Property 20 Section 3.12 Intellectual Property 20 Section 3.13 Title to Personal Property 21 Section 3.14 Compliance with Laws; Litigation 21 Section 3.15 Contracts 22 Section 3.16 Employee Benefit Plans 22 -i- TABLE OF CONTENTS (continued) Page Section 3.17 Labor Matters 23 Section 3.18 Broker’s or Finder’s Fee 25 Section 3.19 Affiliate Contracts 25 Section 3.20 Books and Records 25 Section 3.21 Material Clients 26 Section 3.22 Services 26 Section 3.23 Exclusivity of Representations 26
