REPRESENTATIONS AND WARRANTIES OF SELLER AND Sample Clauses
REPRESENTATIONS AND WARRANTIES OF SELLER AND. ELIGIBLE LENDER TRUSTEE -----------------------
REPRESENTATIONS AND WARRANTIES OF SELLER AND. PURCHASER 35 6.1 Seller’s Representations 35 6.2 AS-IS 37 6.3 Survival of Seller’s Representations 39 6.4 Definition of Seller’s Knowledge 39 6.5 Representations and Warranties of Purchaser 39 ARTICLE VII OPERATION OF THE PROPERTY 42 7.1 Leases and Property Contracts 42 7.2 General Operation of Property 42 7.3 Liens and Title Defects 42 7.4 Tax Appeals 43 7.5 Westway Village Repair Work 44 ARTICLE VIII CONDITIONS PRECEDENT TO CLOSING 45 8.1 Purchaser’s Conditions to Closing 45 8.2 Seller’s Conditions to Closing 46 ARTICLE IX BROKERAGE 47 9.1 Indemnity 47 9.2 Broker Commission 48 9.3 Texas Real Estate License Act 48 ARTICLE X DEFAULTS AND REMEDIES 48 10.1 Purchaser Default 48 10.2 Seller Default 49 ARTICLE XI RISK OF LOSS OR CASUALTY 50 11.1 Major Damage 50 11.2 Minor Damage 50 11.3 Closing 51 11.4 Repairs 51 ARTICLE XII EMINENT DOMAIN 51 12.1 Eminent Domain 51 ARTICLE XIII MISCELLANEOUS 52 13.1 Binding Effect of Contract 52 13.2 Exhibits and Schedules 52 13.3 Assignability 52 13.4 Captions 52 13.5 Number and Gender of Words 52 13.6 Notices 52 13.7 Governing Law and Venue 55 13.8 Entire Agreement 55 13.9 Amendments 55 13.10 Severability 55 13.11 Multiple Counterparts/Facsimile Signatures 55 13.12 Construction 56 13.13 Confidentiality 56 13.14 Time of the Essence 56 13.15 Waiver 56 13.16 Attorneys’ Fees 56 13.17 Time Zone/Time Periods 57 13.18 1031 Exchange 57 13.19 No Personal Liability of Officers, Trustees or Directors of Seller’s Partners 57 13.20 No Exclusive Negotiations 57 13.21 ADA Disclosure 58 13.22 No Recording 58 13.23 Relationship of Parties 58 13.24 Dispute Resolution 58 13.25 AIMCO Marks 59 13.26 Non-Solicitation of Employees 59 13.27 Survival 59 13.28 Multiple Purchasers 59 13.29 Sellers’ Several Obligations 59 13.30 Obligation to Close on all Properties 60 13.31 Texas Statutory Utility District Notice for the Xxxxx of 60 Inverness Property 60
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 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 Bxxx 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 (“Arana Sr.”); Axxxxxx Xxxxxxxxx-Xxxxx, an individual (“Arana Jr.”); Cxxxxxx Danish, an individual (“Danish”, and together with Arana Sr. and Arana Jr., 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. 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. PURCHASER 14 6.1 Seller’s Representations 14 6.2 AS-IS 15 6.3 Survival of Seller’s Representations 16
REPRESENTATIONS AND WARRANTIES OF SELLER AND. STOCKHOLDERS 3.01. Corporate Existence and Power......................................4 3.02. Corporate Authorization............................................4 3.03.
REPRESENTATIONS AND WARRANTIES OF SELLER AND. STOCKHOLDER 10 2.1 Making of Representations and Warranties 10 2.2 Organization and Qualifications of Seller 10 2.3 Subsidiaries 11 2.4 Capital Stock of Seller; Beneficial Ownership 11
REPRESENTATIONS AND WARRANTIES OF SELLER AND. THE SHAREHOLDERS 13 3.1 Representations and Warranties Relating to Seller 13 3.2 Representations and Warranties Relating to the Shareholders 15 3.3 Representations and Warranties Relating to the Company and its Subsidiaries 17 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER 33 4.1 Organization and Good Standing 33 4.2 Authorization and Enforceability 33 4.3 Buyer Stock 34 4.4 SEC Filings 34 4.5 No Material Adverse Changes 34 4.6 Brokerage 34 4.7 No Violation of Laws or Agreements 34 4.8 Consents 35 4.9 Financial Capability 35 4.10 Disclosure 35 4.11 Reliance 35 ARTICLE V CERTAIN OBLIGATIONS OF THE PARTIES 35 5.1 Conduct of Business Pending the Closing 35 5.2 Shareholder Actions 38 5.3 Fulfillment of Agreements 39 5.4 Access, Information and Documents 39 5.5 Negotiations 39 5.6 Public Announcements 40 5.7 Mutual Covenants 40 5.8 Supplements to Schedules 40 5.9 Key Employees 40 5.10 Confidentiality 41 ARTICLE VI CONDITIONS TO THE CLOSING; TERMINATION 41 6.1 Conditions Precedent to Obligations of Buyer with respect to the Closing 41 6.2 Conditions Precedent to Obligations of Seller and the Company with respect to the Closing 44 6.3 Termination 45 ARTICLE VII POST-CLOSING COVENANTS AND AGREEMENTS 45 7.1 Stock Purchase Note and Solar Tool Loan 45 7.2 Solar Tool Development Process; Development Bonuses 48
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: