Representations and Warranties of Sellers and Stayers. Buyer has agreed to purchase the Quotas referred to in Exhibit 2.3 in reliance upon all the representations, warranties and covenants made by Sellers and Stayers, as the case may be in this Agreement concerning the situation and business standing of PGS and its subsidiaries and PGSPar. With full knowledge that such representations and warranties are fundamental to the purpose of this Agreement, Sellers and/or Stayers as the case may be, hereby, jointly and severally represent and warrant that:
