REPRESENTATIONS AND WARRANTIES OF SELLERS REGARDING. THE MANDARA ENTITIES..............................8 SECTION 2.1 ORGANIZATION....................................................................................9 SECTION 2.2
REPRESENTATIONS AND WARRANTIES OF SELLERS REGARDING. THE GROUP COMPANIES 17 5.1. Organization 17 5.2. Capitalization 18 5.3. Subsidiaries 18 5.4. Financial Statements 18 5.5. No Undisclosed Liabilities 19 5.6. Absence of Certain Recent Changes 19 5.7. Taxes 19 5.8. Governmental Permits 21 5.9. Compliance with Laws 22 5.10. Health Care Regulatory Matters 22 5.11. Legal Proceedings 24 5.12. Real Property 24 5.13. Personal Property 25 5.14. Intellectual Property 25 5.15. Material Contracts 26 5.16. Accounts Receivable 27 5.17. Employee Benefits 27 5.18. Labor Matters 29 Table of Contents (continued) Page 5.19. Environmental Matters 30 5.20. Insurance 31 5.21. Related Party Transactions 31 5.22. Brokers 31 5.23. Disclaimer of Other Representations and Warranties 31 Article VI. REPRESENTATIONS AND WARRANTIES OF BUYER 32 6.1. Organization 32 6.2. Authorization, Validity and Effect of Agreement 32 6.3. No Conflicts; Consents and Approvals 33 6.4. Legal Proceedings 33 6.5. Financing 34 6.6. Investment Representations 34 6.7. No Brokers 34 Article VII. PRE-CLOSING COVENANTS 35 7.1. Access to Information 35 7.2. Further Actions; Consents of Third Parties; Governmental Approvals 35 7.3. Operations Prior to the Closing 37 7.4. Notification 38 7.5. Updated Schedules 38 7.6. Exclusivity 39 7.7. Additional Agreements 39 7.8. Risk of Loss 39 7.9. Condemnation 40 7.10. Options Cash Out 40 Article VIII. ADDITIONAL AGREEMENTS 40 8.1. Tax Matters 40 8.2. Confidentiality 44 8.3. Employment Matters 45 8.4. Access to Records after Closing 45 8.5. Tail Insurance 45 8.6. Cost Reports 46 8.7. Further Assurances 47 8.8. Covenant Not to Compete 47 8.9. Enforceability 48 Article IX. CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER 49 9.1. No Misrepresentation or Breach of Warranties 49 9.2. Performance of Obligations 49 9.3. No Material Adverse Effect 49 9.4. No Restraint 49 Table of Contents (continued) Page 9.5. Governmental Approvals 49 9.6. Third-Party Consents 49 9.7. Seller Ancillary Agreements 50 9.8. Guarantys 50 9.9. Manager Non-Compete 50 9.10. Waiver of Closing Conditions 50 Article X. CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLERS 51 10.1. No Misrepresentation or Breach of Warranties 51 10.2. Performance of Obligations 51 10.3. No Restraint 51 10.4. Governmental Approvals 51 10.5. Third Party Consents 51 10.6. Buyer Ancillary Agreements 51 10.7. Waiver of Closing Conditions 51 Article XI. INDEMNIFICATION 52 11.1. Indemnification by Sellers 52 11.2. Indemnification by Buyer 54 11.3. Notice of Claims 54 11.4. Resolution of Indemni...
REPRESENTATIONS AND WARRANTIES OF SELLERS REGARDING the Target Companies 14 2.1. Organization and Corporate Power 15 2.2. Capitalization 15 2.3. Subsidiaries 15 2.4. Investments; Indebtedness 16 2.5. Authorization; No Breach 16 2.6. Financial Statements 16 2.7. Absence of Undisclosed Liabilities 17 2.8. Accounts Receivable 17 2.9. Absence of Certain Developments 17 2.10. Assets 19 2.11. Tax Matters 19 2.12. Contracts and Commitments 21 2.13. Intellectual Property Rights 22 2.14. Litigation 23 2.15. Brokerage 23 2.16. Insurance 23 2.17. Labor Matters 23 2.18. Employee Benefits 24 2.19. Compliance with Laws; Permits; Prohibited Payments 26 2.20. Environmental Matters 27 2.21. Affiliate Transactions 27 2.22. Real Property 28 2.23. Healthcare 29 ARTICLE III Representations and Warranties of Sellers 31 3.1. Power and Authority 31 3.2. Authorization; No Breach 31 3.3. Title to Equity Interests 32 3.4. Brokerage 32
REPRESENTATIONS AND WARRANTIES OF SELLERS REGARDING. THE TRANSACTION 34 5.1 Due Organization of Sellers................................34 5.2 Due Authorization..........................................35 5.3 Consents and Approvals; No Conflicts.......................35 5.4
