REPRESENTATIONS AND WARRANTIES OF SOUTHERN FINANCIAL. 7 Section 3.1. Organization ............................................................... 8 Section 3.2. Capitalization ............................................................. 8 Section 3.3. Approvals; Authority ....................................................... 9 Section 3.4. Investments ................................................................ 9 Section 3.5. Financial Statements ....................................................... 9 Section 3.6. Loan Portfolio ............................................................. 10
REPRESENTATIONS AND WARRANTIES OF SOUTHERN FINANCIAL. Southern Financial represents and warrants to Bankshares that each of the statements made in this Article III are true and correct in all material respects. Southern Financial agrees that, on or prior to the date hereof, it shall provide Bankshares with disclosure schedules ("Disclosure Schedules") referred to in this Article III and that at the Closing it shall provide Bankshares with supplemental Disclosure Schedules reflecting any changes in the information contained in the Disclosure Schedules which have occurred in the period from the date of delivery of such Disclosure Schedules to the date of Closing.
