REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND ACQUISITION SUB. The Purchaser and the Acquisition Sub represent and warrant, to and for the benefit of the Seller as follows:
REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND ACQUISITION SUB. 7.1 ORGANIZATION AND STANDING OF THE PURCHASER AND ACQUISITION SUB. The Purchaser and Acquisition Sub are corporations duly organized, validly existing and in good standing under the laws of the State of Florida, and each s entitled to own or lease its property and to carry on its business as and in the places where such properties are now owned, leased or operated. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action on the part of the Purchaser and Acquisition Sub, and will not result in a breach or default under, or result in the creation of any lien, security interest, charge or encumbrance upon the Company Shares, or any of the properties or assets of the Purchaser or Acquisition Sub as a result of the terms, conditions or provisions of any contract, note, mortgage or any other agreement, instrument or obligation to which the Purchaser or Acquisition Sub is a party or by which they or any of their properties or assets may be bound.
REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND ACQUISITION SUB. The Purchaser and Acquisition Sub represent and warrant to the Shareholders, as of the date hereof and as of the Closing Date, as set forth below.
