REPRESENTATIONS AND WARRANTIES OF SELLER 7. Section 4.1 Existence and Qualification 7 Section 4.2 Power 7 Section 4.3 Authorization and Enforceability 7 Section 4.4 Liability for Brokers’ Fees 8 Section 4.5 Litigation 8 Section 4.6 Liberty PSA 8 Section 4.7 Obligations 9 Section 4.8 Reports 9 Section 4.9 Third Party Costs 9
REPRESENTATIONS AND WARRANTIES OF SELLER 7. Section 4.1 Corporate Organization 7 Section 4.2 Corporate Authority; Authorization of Agreement 7 Section 4.3 No Violation 7 Section 4.4 Financial Statements 7 Section 4.5 No Undisclosed Liabilities 8 Section 4.6 Absence of Changes 8 Section 4.7 Title to Properties; Encumbrances 9 Section 4.8 Sufficiency of Assets 9 Section 4.9 Real Property 9 Section 4.10 Leases 10 Section 4.11 Condition of Tangible Assets 10 Section 4.12 Accounts Receivable 10 Section 4.13 Intellectual Property Matters 10 Section 4.14 Contracts and Commitments 11 Section 4.15 Insurance 11 Section 4.16 Compliance with Laws 11 Section 4.17 Employment Matters 12 Section 4.18 Employee Benefit Plans and Arrangements 12 Section 4.19 Litigation 13 Section 4.20 Governmental Consents 13 Section 4.21 Other Consents 13 Section 4.22 Environmental Matters 13 Section 4.23 Product and Service Warranty 14 Section 4.24 Product and Service Liability 14 Section 4.25 Customers, Suppliers and Sales Representatives 14 Section 4.26 Guarantees 14 Section 4.27 Brokers or Finders 14 Section 4.28 Taxes 14 Section 4.29 Full Disclosure 15 Section 5.1 Organization 15 Section 5.2 Authorization 15 Section 5.3 No Violation 15 Section 5.4 Governmental Consents 16 Section 5.5 Other Consents 16 Section 5.6 No Brokers 16 Section 5.7 Financial Statements 16 Section 5.8 Insurance. 16 Section 5.9 Compliance With the Law 17 Section 5.10 Litigation 17 Section 5.11 Full Disclosure 17 Section 6.1 Satisfaction of Conditions 17 Section 7.1 Satisfaction of Conditions 17 Section 8.1 Payment of Taxes and Certain Expenses 18 Section 8.2 Noncompetition; Nonsolicitation; Nondisclosure 19 Section 8.3 Mail Received After Closing 19 Section 8.4 Cooperation and Records Retention 20 Section 8.5 Offers of Employment 20 Section 8.6 Further Assurances 20 Section 9.1 Representations and Warranties True 20 Section 9.2 Compliance with this Agreement 20 Section 9.3 Documents to be Delivered 20 Section 9.4 Consents, Releases and Approvals 21 Section 9.5 No Injunctions 21 Section 9.6 Material Adverse Changes 21 Section 10.1 Representations and Warranties True 22 Section 10.2 Compliance with this Agreement 22 Section 10.3 Payment of Purchase Price 22 Section 10.4 Documents to be Delivered 22 Section 10.5 No Injunction 22 Section 11.1 Survival of Representations and Warranties 23 Section 11.2 Indemnification by Seller 23 Section 11.3 Indemnification by Purchaser 23
REPRESENTATIONS AND WARRANTIES OF SELLER 7. Section 3.01. Corporate 8 Section 3.02. Authority 8 Section 3.03. No Violation 8 Section 3.04. Financial Statements 9 Section 3.05. Tax Matters 10 Section 3.06. Absence of Certain Changes 12 Section 3.07. No Litigation 14 Section 3.08. Compliance with Laws and Orders 14 Section 3.09. Title; Properties 15 Section 3.10. Insurance 16 Section 3.11. Material Contracts 16 Section 3.12. Labor Matters 17 Section 3.13. Employee Benefit Plans 18 Section 3.14. Capitalization 20 Section 3.15. Intellectual Property 20 Section 3.16. Brokers 21
REPRESENTATIONS AND WARRANTIES OF SELLER 7. Section 4.1 Existence and Qualification 7 Section 4.2 Power 7 Section 4.3 Authorization and Enforceability 7 Section 4.4 Liability for Brokers’ Fees 7 Section 4.5 Litigation 7 Section 4.6 Material Contracts 8 Section 4.7 Capital Projects 8 Section 4.8 Taxes 8 Section 4.9 Audits 8 Section 4.10 Judgments 8 Section 4.11 Compliance with Law and Government Authorizations 8 Section 4.12 Calls on Production 9 Section 4.13 Bankruptcy 9 Section 4.14 Indebtedness 9 Section 4.15 Financial Assurances and Guarantees 9 Section 4.16 Assets Subject to Reversionary Rights 9 Section 4.17 Rights in Third Parties 10 Section 4.18 Royalties 10 Section 4.19 Plugging and Abandonment 10 Section 4.20 No Other Representations or Warranties; Disclosed Materials 10 Section 4.21 Disclaimer 10
REPRESENTATIONS AND WARRANTIES OF SELLER 7. Section 3.01. Organization and Good Standing 7 Section 3.02. Due Qualification 7 Section 3.03. Power and Authority 7 Section 3.04. Binding Obligation 7 Section 3.05. No Violation 7 Section 3.06. No Proceedings 8 Section 3.07. Approvals 8 Section 3.08. Membership Interests 8 Section 3.09. Indebtedness 9 Section 3.10. Principal Place of Business 9 Section 3.11. Title 9 Section 3.12. Solvency 9 Section 3.13. Land Lease Entities and Land Lease Assets 9
REPRESENTATIONS AND WARRANTIES OF SELLER 7. REPRESENTATIONS ----------------------------------------- -- --------------- AND WARRANTIES OF SELLER --------------------------- Each Sellers does hereby warrant and represent to Purchaser on behalf of itself and not on behalf of any other Seller that:
