Representations and Warranties of SPS. SPS represents and warrants to each Payee and the Option Holder that, as of the date hereof and the Option Closing Date:
Representations and Warranties of SPS. 14 SECTION 5.1 Organization.................................................... 15 SECTION 5.2 Articles of Incorporation; Bylaws............................... 15 SECTION 5.3 Capitalization.................................................. 15 SECTION 5.4 Subsidiaries and Material Investments........................... 16 SECTION 5.5 Authority Relative to this Agreement............................ 16 SECTION 5.6 Consents and Approvals; No Violations........................... 17 SECTION 5.7 Financial Statements............................................ 18 SECTION 5.8 Absence of Certain Changes or Events............................ 18 SECTION 5.9 Litigation...................................................... 18 SECTION 5.10 Absence of Undisclosed Liabilities.............................. 19 SECTION 5.11
Representations and Warranties of SPS. Except as otherwise disclosed to Guardian and Guardian Sub in a letter delivered to them of even date herewith (which letter shall contain appropriate references to identify the representations and warranties herein to which the information in such letter relates) (the "SPS Disclosure Letter"), SPS represents and warrants to Guardian and Guardian Sub as follows:
Representations and Warranties of SPS
