REPRESENTATIONS AND WARRANTIES OF SELLER 21. 4.1 Organization and Standing 21 4.2 Authority, Validity and Binding Effect 21 4.3 No Violation or Bar 21 4.3.1 Governing Documents 21 4.3.2 Laws, Regulations, Orders and Decrees 21
REPRESENTATIONS AND WARRANTIES OF SELLER 21. Section 4.1 Organization and Qualification of Seller and the Acquired Companies. 21 Section 4.2 Authorization. 22 Section 4.3 Execution; Validity of Agreement. 22
REPRESENTATIONS AND WARRANTIES OF SELLER 21. Section 4.1. Representations and Warranties as to Seller 21 Section 4.2. Representations and Warranties as to Bloom Systems 22 Section 4.3. Representations and Warranties as to QFCP-RC Tariff 23
REPRESENTATIONS AND WARRANTIES OF SELLER 21. 4.1 Organization and Corporate Power 22 4.2 Authorization; No Breach 22 4.3 Subsidiaries 22 4.4 Financial Statements; Financial Information 22 4.5 Absence of Undisclosed Liabilities 23 4.6 Insolvency; Fairness Opinion 23 4.7 Secured Creditors 24 4.8 No Material Adverse Change 24 4.9 Absence of Certain Developments 24 4.10 Purchased Assets and Licensed Patents 25 4.11 Tax Matters 27 4.12 Contracts and Commitments 27 4.13 Table Games Intellectual Property 29 4.14 Litigation 31 4.15 Brokerage 31 4.16 Employees 31 4.17 Product Warranties and Recalls 31 4.18 Insurance 31 4.19 Compliance with Laws; Permits; Certain Operations 32 4.20 Names and Locations 32 4.21 Customers and Suppliers 33 4.22 Inventory 33 4.23 Product Liabilities 33 4.24 Capital Expenditures 33 4.25 Promotions Programs 34 4.26 Insolvency 34 4.27 Affiliated Transactions 34 4.28 Disclosure 34 4.29 Projections 34 4.30 Labor 34 4.31 Game Replacement 34 4.32 Exploitation 34 4.33 Full Disclosure 35 4.34 September 2007 Xxxxxxxx 35 4.35 TCS 35 4.36 Knowledge 35 4.37 Allocation of Risks 35 ARTICLE V COVENANTS OF SELLER 35 5.1 Conduct of Seller’s Table Games Business Pending the Closing 35 5.2 Negative Covenants of the Seller 36
REPRESENTATIONS AND WARRANTIES OF SELLER 21. Section 3.01 Corporate Existence and Power 21 Section 3.02 Corporate Authorization 22 Section 3.03 Noncontravention 22 Section 3.04 Capitalization 22 Section 3.05 Ownership of Equity Interests 23 Section 3.06 Title to Zhuhai Business Assets and Other Business Assets; Sufficiency 23 Section 3.07 Subsidiaries 23 Section 3.08 Financial Statements 23 Section 3.09 Absence of Certain Changes 24 Section 3.10 Indebtedness; No Undisclosed Liabilities 26 Section 3.11 Contracts 26 Section 3.12 Litigation 28 Section 3.13 Compliance with Laws and Court Orders 29 Section 3.14 Properties 29 Section 3.15 Products 30 Section 3.16 Intellectual Property 30 Section 3.17 Permits and Licenses 33 Section 3.18 Inventory 34 Section 3.19 Finders’ Fees 34 Section 3.20 Employees 34 Section 3.21 Labor Matters 34 Section 3.22 Employee Benefit Plans 35 Section 3.23 Environmental Matters 36
REPRESENTATIONS AND WARRANTIES OF SELLER 21. 4.1 Organization and Good Standing 21 4.2 Authority and Binding Effect 21 4.3 No Conflict 22 4.4 Capitalization; Subsidiaries 23 4.5 Sole Business 23 4.6 Financial Information 23 4.7 Books and Records 23 4.8 Ownership of Assets; Project 24 4.9 No Liabilities 24 4.10 Taxes 24 4.11 No Material Change 25 4.12 Pre-Closing Restrictions 25 4.13 Employees; Benefit Plans; ERISA 26 4.14 Compliance with Law 26 4.15 Permits and Consents 27 4.16 Legal Proceedings 27 Page
REPRESENTATIONS AND WARRANTIES OF SELLER 21. Section 4.1 Organization and Qualification; Subsidiaries 21 Section 4.2 Authority; Board Approval 22 Section 4.3 No Conflict 23 Section 4.4 Capitalization 23 Section 4.5 Financial Statements 25 Section 4.6 Undisclosed Liabilities 25 Section 4.7 Absence of Certain Changes or Events 25 Section 4.8 Title; Leased Real Property 28 Section 4.9 Condition of Assets 28 Section 4.10 [Reserved] 29 Section 4.11 Intellectual Property 29 Section 4.12 Privacy and Data Security 30 Section 4.13 Software and IT 31 Section 4.14 Contracts 32 Section 4.15 Litigation 34 Section 4.16 Compliance with Laws; Permits 34 Section 4.17 Environmental Matters 34 Section 4.18 Employee Benefit Matters 35
REPRESENTATIONS AND WARRANTIES OF SELLER 21. Section 5.01 Existence 21 Section 5.02 Legal Power 21 Section 5.03 Execution 21 Section 5.04 Brokers 21 Section 5.05 Bankruptcy 22 Section 5.06 Suits and Claims 22 Section 5.07 Taxes 22 Section 5.08 AFEs 22 Section 5.09 Compliance with Laws 22 Section 5.10 Contracts 22 Section 5.11 Production Imbalances 22 Section 5.12 Payments for Production 23 Section 5.13 Bonds 23 Section 5.14 Plugging Obligations; Xxxxx 23 Section 5.15 Personal Property and Equipment 23 Section 5.16 No Alienation 23 Section 5.17 Hydrocarbon Sales Contracts 23 Section 5.18 Area of Mutual Interest and Other Agreements 24 Section 5.19 Leases 24 Section 5.20 Property Expenses 24 Section 5.21 Permits 24 Section 5.22 No Adverse Change 24 Section 5.23 Information 24 Section 5.24 Gathering, Compression, Treating, or Transportation Agreements 25 Section 5.25 Tax Partnerships 25 Section 5.26 Preferential Rights to Purchase and Consents 25 Section 5.27 Payout Status 25 Section 5.28 Hedging 25 Section 5.29 Environmental Representations and Warranties 25 Section 5.30 Notice of Changes 26 Section 5.31 Representations and Warranties Exclusive 26
REPRESENTATIONS AND WARRANTIES OF SELLER 21. Section 3.1. Organization and Authority 21 Section 3.2. Binding Effect 21 Section 3.3. Organization, Qualification and Authority of the Acquired Companies 22 Section 3.4. Insurance and Agency Operations 22 Section 3.5. Capital Structure; Ownership of the Acquired Companies 23 Section 3.6. Governmental Filings and Consents 23 Section 3.7. No Violations 24 Section 3.8. Financial Statements; No Undisclosed Liabilities; Accounting and Internal Controls 24 Section 3.9. Absence of Certain Changes 25 Section 3.10. Litigation; Governmental Orders 25 Section 3.11. Taxes 25 Section 3.12. Employee Benefits 27 Section 3.13. Compliance with Laws; Governmental Authorizations 29 Section 3.14. Intellectual Property 30 Section 3.15. Information Technology 32 Section 3.16. Privacy and Cybersecurity 33 Section 3.17. Material Contracts 34 Section 3.18. Real Property 36 Section 3.19. Finders’ Fees 36 Section 3.20. Insurance Representatives 36 Section 3.21. Insurance Contracts 36 Section 3.22. Reinsurance 37 Section 3.23. Investment Assets 37 Section 3.24. Labor Matters 37 Section 3.25. Reserves; Actuarial Reports 40 Section 3.26. Intercompany Agreements 40 Section 3.27. Insurance 40 ARTICLE IV Representations and Warranties of Purchaser 41 Section 4.1. Organization and Authority 41 Section 4.2. Binding Effect 41 Section 4.3. Governmental Filings and Consents 41 Section 4.4. No Violations 41 Section 4.5. Compliance with Laws 41 Section 4.6. Purchaser Impediments 42 Section 4.7. Finders’ Fees 42 Section 4.8. Financial Capability 42 Section 4.9. Purchase for Own Account 42 ARTICLE V Covenants 43 Section 5.1. Access; Confidentiality 43 Section 5.2. Conduct of Business 45 Section 5.3. Reasonable Best Efforts; Regulatory Matters 48 Section 5.4. Tax Matters 51 Section 5.5. Financial Statements 54 Section 5.6. Examination Reports and Other Regulatory Inquiries 54 Section 5.7. Notification; Supplement to Disclosure Schedules 54 Section 5.8. Employee Matters 55 Section 5.9. Use of Names and Marks 57 Section 5.10. Intercompany Agreements and Accounts 58 Section 5.11. Resignations 58 Section 5.12. Transfer of Assets 58 Section 5.13. Insurance 58 Section 5.14. Release of Guarantees 59 Section 5.15. Non-Competition 60 Section 5.16. Non-Solicitation 61 Section 5.17. Exclusive Dealing 61
REPRESENTATIONS AND WARRANTIES OF SELLER 21. 6.1 Organization 21 6.2 Authorization 21 6.3 Organizational Documents 21 6.4 Right and Title to Acquired Assets 22 6.5 Authorization and Enforceability 22 6.6 Violation; Conflicts 22 6.7 Consents and Approvals 22 6.8 Brokers 22 6.9 Litigation 23 6.10 Compliance with Law 23 6.11 Tax Matters 23 6.12 No Other Agreements to Sell the Acquired Assets 23 6.13 Wind Data 23 6.14 Contracts 24 6.15 Permits 24 6.16 Land Contracts 25 6.17 Environmental Provisions 26 6.18 Complete Project 27 6.19 Schedules 27 6.20 Reports 27
