REPRESENTATIONS AND WARRANTIES OF SELLERS AND CIVIC. Sellers and Civic severally (and not jointly except that each Seller shall be liable with respect to any breach of Civic's representations and warranties set forth below) represent and warrant to Buyer as follows, and liability for the breach thereof shall be limited to each Seller's respective share of the Indemnity Fund (except that with respect to the representations and warranties set forth below in Sections 3.1, 3.3, 3.4(b) and 3.5(b), liability for the breach thereof shall be limited to the Seller who breaches such representation and warranty, up to the amount of such Seller's respective share of the Purchase Price (plus, if applicable, any amounts received by such Seller with respect to the Civic Stock Options, including the bonuses described in Section 6.15), and the other Sellers shall have no liability or responsibility therefor):
3.1 Organization and Authority of Preferred Stockholders. Each of Alta Communications VI, L.P., Alta Subordinated Debt Partners III, L.P., Alta-Comm S By S, LLC, and BancBoston Ventures, Inc. (i) is a limited partnership, limited liability company, or corporation (as appropriate) duly organized, validly existing, and in good standing, in each case, under the laws of the State of Delaware; and (ii) has the requisite partnership, limited liability company, or corporate (as appropriate) power and authority to execute, deliver and perform this Agreement and the documents contemplated hereby according to their respective terms.
