REPRESENTATIONS AND WARRANTIES OF SELLER AND. ELIGIBLE LENDER TRUSTEE -----------------------
REPRESENTATIONS AND WARRANTIES OF SELLER AND. PURCHASER 13 6.1 Seller’s Representations 13 6.2 AS-IS 14 6.3 Survival of Seller’s Representations 14 6.4 Definition of Seller’s Knowledge 15 6.5 Representations and Warranties of Purchaser 15 ARTICLE VII OPERATION OF THE PROPERTY 16 7.1 Leases and Property Contracts 16 7.2 General Operation of Property 16 7.3 Liens 17 7.4 Rent-Ready Condition 17 ARTICLE VIII CONDITIONS PRECEDENT TO CLOSING 17 8.1 Purchaser’s Conditions to Closing 17 8.2 Seller’s Conditions to Closing 18 ARTICLE IX BROKERAGE 18 9.1 Indemnity 18 9.2 Broker Commission 18 ARTICLE X DEFAULTS AND REMEDIES 19 10.1 Purchaser Default 19 10.2 Seller Default 19 ARTICLE XI RISK OF LOSS OR CASUALTY 20 11.1 Major Damage 20 11.2 Minor Damage 20 11.3 Closing 21 11.4 Repairs 21 ARTICLE XII EMINENT DOMAIN 21 12.1 Eminent Domain 21 ARTICLE XIII MISCELLANEOUS 21 13.1 Binding Effect of Contract 21 13.2 Exhibits and Schedules 22 13.3 Assignability 22 13.4 Captions 22 13.5 Number and Gender of Words 22 13.6 Notices 22 13.7 Governing Law and Venue 25 13.8 Entire Agreement 25 13.9 Amendments 25 13.10 Severability 25 13.11 Multiple Counterparts/Facsmile Signatures 25 13.12 Construction 25 13.13 Confidentiality 25 13.14 Time of the Essence 26 13.15 Waiver 26 13.16 Attorneys’ Fees 26 13.17 Time Zone/Time Periods 26 13.18 1031 Exchange 26 13.19 No Personal Liability of Officers, Trustees or Directors of Seller’s Partners 27 13.20 No Exclusive Negotiations 27 13.21 ADA Disclosure 27 13.22 No Recording 27 13.23 Relationship of Parties 27 13.24 Dispute Resolution 27 13.25 AIMCO Marks 28 13.26 Non-Solicitation of Employees 28 13.27 Survival 28 13.28 Multiple Purchasers 28 13.29 Radon Gas 29 13.30 Energy Efficiency 29 ARTICLE XIV LEAD-BASED PAINT DISCLOSURE 29 14.1 Disclosure 29 14.2 Consent Agreement 29 THIS PURCHASE AND SALE CONTRACT (this "Contract") is entered into as of the 14th day of November, 2008 (the "Effective Date"), by and between CCIP Society Park East, L.L.C., a Delaware limited liability company, having an address at 0000 Xxxxx Xxxxxx Xxxxxx Xxxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx 00000 ("Seller"), and Paramount Companies of Florida, LLC, a Florida limited liability company, having a principal address at c/o CFH Group LLC, 0000 Xxxx Xxxx, 0xx Xxxxx, Xxxxx Xxxxxx, Xxxxxxx 00000 ("Purchaser").
REPRESENTATIONS AND WARRANTIES OF SELLER AND. THE COMPANY 3 Section 3.1 Organization and Good Standing 3 Section 3.2 Authority and Enforceability 3 Section 3.3 No Conflict 4 Section 3.4 Consents and Approvals 4 Section 3.5 Capital Structure; Title 4 Section 3.6 Financial Statements; No Undisclosed Liabilities 5 Section 3.7 Accounts Receivable 5 Section 3.8 Merger 5 Section 3.9 Absence of Certain Changes 5 Section 3.10 Compliance with Applicable Law 8 Section 3.11 Proceedings 8 Section 3.12 Material Contracts 8 Section 3.13 Oil and Gas Assets 9 Section 3.14 Intellectual Property 9 Section 3.15 Taxes. 9 Section 3.16 Employee Benefits 10 Section 3.17 [Rider.] 10 Section 3.18 Affiliate Transactions 10 Section 3.19 Books and Records 10 Section 3.20 Brokers 10
REPRESENTATIONS AND WARRANTIES OF SELLER AND. STOCKHOLDERS.............................................. 5 ------------ 2.1 Making of Representations and Warranties..................... 5 ---------------------------------------- 2.2 Organization and Qualifications of Seller.................... 5 ----------------------------------------- 2.3 Subsidiaries................................................. 5 ------------ 2.6 Capital Stock of Seller; Beneficial
REPRESENTATIONS AND WARRANTIES OF SELLER AND. Stockholders 5 5.2 Representations and Warranties of Buyer 11 ARTICLE VI INDEMNIFICATION 12 6.1 Indemnification 12 6.2 Indemnification Procedures 13 6.3 Cooperation of the Parties 13 6.4 Termination of Indemnification Obligations 13 ARTICLE VII MISCELLANEOUS PROVISIONS 14 7.1 Governing Law, Jurisdiction and Venue 14 7.2 Assignment; Binding Upon Successors and Assigns 14 7.3 Severability 14 7.4 Counterparts 14 7.5 Amendment and Waivers 14 7.6 Attorneys’ Fees 14 7.7 Notices 15 7.8 Construction of Agreement 16 7.9 Further Assurances 16 7.10 Expenses 16 7.11 Entire Agreement 16 Exhibit A List of Acquired Assets Exhibit B List of Excluded Assets Exhibit C Allocation of Purchase Price Exhibit D Form of Bill of Sale Exhibit E Employment Agreements THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made and entered into effective as of February 12, 2022 (the “Effective Date”), by and among BizSecure, Inc., a Delaware corporation (“Seller”); Axxxxxx Xxxxx, an individual (“Axxxx Xx.”); Axxxxxx Xxxxxxxxx-Xxxxx, an individual (“Axxxx Xx.”); Cxxxxxx Xxxxxx, an individual (“Danish”, and together with Axxxx Xx. and Axxxx Xx., the “Stockholders”); and HUMBL, Inc., a Delaware corporation (“Buyer”). Seller, Stockholders and Buyer are sometimes referred to collectively herein as the “Parties,” and individually as a “Party.”
REPRESENTATIONS AND WARRANTIES OF SELLER AND. SHAREHOLDERS 7 3.1 Organization and Qualification Of Seller 7 3.2 Authorized Capitalization 7 3.3 Authorization 8 3.4 Product Rights 8 3.5 Bulk Sale Law 9 3.6 No Conflicting Agreements 9 3.7 Compliance with Applicable Law 9 3.8 Material Misstatements or Omissions 9 3.9 No Known Adverse Effects 10 3.10 Consents and Approvals 10 3.11 Subsidiaries 10 3.12 Litigation 10 3.13 Brokers 10 3.14 Taxes 11 3.15 Ownership 11 3.16 Accounts 11 3.17 License Agreements 12 3.18 Intellectual Property 12 3.19 Customers 12 3.20 Contracts 13 3.21 Financial Statements 13 3.22 Absence of Undisclosed or Contingent Liabilities 13 3.23 No Material Adverse Changes 13 3.24 Absence of Developments 14 3.25 Title to Properties 14 3.26 Tax Matters 15 3.27 Tax Notices 16 3.28 Employees 17 3.29 Employee Benefit Plans 17 3.30 Gifts 18 3.31 Employee Health and Safety 19 3.32 Representations as to Knowledge 19 3.33 Representations Concerning Solvency 19
REPRESENTATIONS AND WARRANTIES OF SELLER AND. PARENT Section 4.01. Organization and Qualification 8 Section 4.02. Authority, Approval and Enforceability 9 Section 4.03. No Violation or Consent 9 Section 4.04. Material Contracts, Agreements, Plans and Commitments 9 Section 4.05. Compliance with Law 10 Section 4.06. Litigation 10 Section 4.07. Environmental Matters 10 Section 4.08. Taxes 11 Section 4.09. Insurance 12 Section 4.10. Labor and Employee Benefits 12 Section 4.11. Brokerage Agreements 12 Section 4.12. Title to Property 13 Section 4.13. Absence of Certain Changes 13 Section 4.14. Permits 13 Section 4.15. Employees 13 Section 4.16. Customers 14 Section 4.17. No Arrangements with Respect to Assets 14 Section 4.18. Limitation of Representations and Warranties 14 Section 4.19. Absence of Certain Businesses Practices 14 Section 4.20. Solvency 15 Section 4.21. Real Property 15 Section 4.22. Intellectual Property 16
REPRESENTATIONS AND WARRANTIES OF SELLER AND. Xxxxx Intercable, Inc. ------------------------------------------------------------------- As an inducement to Buyer to enter into this Agreement and to consummate the transactions contemplated hereby, Seller and Xxxxx Intercable, Inc. (collectively, "the Warranting Parties") jointly and severally represent and warrant to Buyer as follows:
REPRESENTATIONS AND WARRANTIES OF SELLER AND. PURCHASER 6.1
REPRESENTATIONS AND WARRANTIES OF SELLER AND. THE SHAREHOLDERS 16 3.1. Organization. 17 3.2. Qualification; Location of Business and Assets. 17 3.3. Subsidiaries and Investments. 17 3.4. Authority and Enforceability. 17 3.5. Third-Party Consents. 18 3.6. No Conflict or Violation. 18 3.7. Financial Condition and Liabilities. 18 3.8. Absence of Certain Changes. 19 3.9. Accounts Receivable. 21 3.10.
