REPRESENTATIONS AND WARRANTIES OF SELLER CONCERNING. THE BUSINESS 10
REPRESENTATIONS AND WARRANTIES OF SELLER CONCERNING. THE BUSINESS 10 3.1 Qualification; Organization; Subsidiaries, etc. 10 3.2 Capital Structure 11 3.3 Business Financial Statements 12 3.4 No Undisclosed Liabilities 12 3.5 Compliance with Law; Permits 12 3.6 Environmental Laws and Regulations 13 3.7 Employee Benefit Plans 14 3.8 Absence of Certain Changes or Events 17 3.9 Investigations; Litigation 18 3.10 Tax Matters 18 3.11 Labor Matters 19 3.12 Intellectual Property 19 3.13 Real Property 21 3.14 Title to Assets 22 3.15 Material Contracts 22 3.16 Insurance 23 3.17 Equipment and Other Tangible Property 23 3.18 Suppliers and Customers 23 3.19 Absence of Certain Business Practices 24 3.20 Transactions with Affiliates 24 3.21 No Other Assets 24 3.22 No Business Material Adverse Effect 24 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLER CONCERNING ITSELF 25 4.1 Organization 25 4.2 Corporate Authority Relative to this Agreement; No Violation 25 TABLE OF CONTENTS (Continued) Page 4.3 Finders or Brokers 27 4.4 No Additional Representations 26 4.5 Financial Statements Included in SEC Filings 26 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PARENT AND BUYER 26 5.1 Organization 27 5.2 Corporate Authority Relative to this Agreement; No Violation 27 5.3 Investigations; Litigation 28 5.4 Finders or Brokers 28 5.5 Investment Intent 28 5.6 Solvency 28 5.7 Financing 29 5.8 Operations of Buyer 29 ARTICLE 6 COVENANTS 29 6.1 Confidentiality 29 6.2 Tax Matters 29 6.3 Public Announcements 31 6.4 Transaction Costs 31 6.5 Retention of and Access to Records 31 6.6 Payments 32 6.7 Cooperation in Post-Closing Litigation 32 6.8 Cooperation as to Financial Statements 32 6.9 Return of Excluded Assets 32 ARTICLE 7 EMPLOYMENT MATTERS 33 7.1 Employees 33 7.2 Welfare Plans 33 7.3 Severance 34 7.4 Savings Plans 34 7.5 Post-Retirement Benefit Liabilities 34 7.6 Long Term Disability 34 7.7 Life Insurance 34 7.8 Vacation 35 7.9 Cooperation 35 7.10 Post-Closing Date Participation 35 7.11 General 35 ARTICLE 8 INDEMNIFICATION; REMEDIES 35 8.1 Survival 35 8.2 Indemnification by Parent and Buyer 36 8.3 Indemnification by Seller 36 TABLE OF CONTENTS (Continued) Page
REPRESENTATIONS AND WARRANTIES OF SELLER CONCERNING. THE COMPANY AND THE SUBSIDIARIES.................................................................................................................................................. 12 4.1 Organization, Qualification and Corporate Power...................................................................................................................................... 12 4.2 Capitalization............................................................................................................................................................................................ 13 4.3 Non-Contravention................................................................................................................................................................................... 13 4.4 Governmental Consent.............................................................................................................................................................................. 13 4.5 Financial Statements................................................................................................................................................................................. 13 4.6 Absence of Certain Changes..................................................................................................................................................................... 14 4.7 Title to and Condition of Tangible Assets................................................................................................................................................... 16 4.8 Real Property........................................................................................................................................................................................... 16 4.9 Inventories................................................................................................................................................................................................ 17 4.10 Insurance.................................................................................................................................................................................................. 18 4.11 Material Contracts.................................................................................................................................................................................... 18 4.12 Permits..................................................................
REPRESENTATIONS AND WARRANTIES OF SELLER CONCERNING
