REPRESENTATIONS AND WARRANTIES OF STARWOOD RELATING TO VISTANA. Except as otherwise disclosed or identified in (i) the Starwood SEC Documents filed on or prior to the date hereof (excluding any risk factor disclosure and disclosure of risks included in any “forward-looking statements” disclaimer included in such Starwood SEC Documents that are predictive, forward-looking or primarily cautionary in nature); provided, this exception shall apply only to the extent that the relevance of such disclosure to the applicable representation and warranty is reasonably apparent on its face, or (ii) Vistana Disclosure Schedule, Starwood hereby represents and warrants to ILG and Merger Sub as follows:
REPRESENTATIONS AND WARRANTIES OF STARWOOD RELATING TO VISTANA. Section 5.01. Organization of Vistana 26 Section 5.02. Subsidiaries 26 Section 5.03. Due Authorization 27 Section 5.04. No Conflict 27 Section 5.05. Governmental Consents 28 Section 5.06. Capitalization of Vistana 28 Section 5.07. Capitalization of Subsidiaries 28 Section 5.08. Financial Statements 29 Section 5.09. Undisclosed Liabilities 29 Section 5.10. Litigation and Proceedings 29 Section 5.11. Legal Compliance 30 Section 5.12. Material Contracts 31 Section 5.13. Vistana Benefit Plans 33 Section 5.14. Labor Relations 34 Section 5.15. Tax Matters 35 Section 5.16. Brokers’ Fees 36 Section 5.17. Insurance 36 Section 5.18. Permits 36 Section 5.19. Real Property 36 Section 5.20. Intellectual Property 37 Section 5.21. Environmental Matters 40 Section 5.22. Absence of Changes 40 Section 5.23. Affiliate Matters 41 Section 5.24. Proxy Statement; Registration Statements 41 Section 5.25. Board and Shareholder Approval 41 Section 5.26. ILG Common Stock 41 Section 5.27. Sufficiency of the Vistana Assets 42 Section 5.28. Timeshare Matters 42 Section 5.29. No Other Representations and Warranties 42 ARTICLE VI
