REPRESENTATIONS OF IMS HOLDCO AND THE PRINCIPALS. A. Each of the Principals severally represents and warrants to and with the Purchaser, as follows:
REPRESENTATIONS OF IMS HOLDCO AND THE PRINCIPALS. Section 3.1 Execution and Validity of Agreements; Restrictive Documents 9 3.1.1 Execution and Validity 9 3.1.2 No Restrictions 10 3.1.3 Non-Contravention 10 3.1.4 Approvals and Consents 10 Section 3.2 Existence and Good Standing 10 Section 3.3 Capital Stock; Equity Ownership; No Options or Restrictions; Subsidiaries and Investments 11 Section 3.4 Financial Statements and No Material Changes 11 Section 3.5 Books and Records 12 Section 3.6 Title to Properties; Encumbrances; No Prior Activities 12 3.6.1 Title to Properties; Encumbrances 12 3.6.2 No Prior Activities 12 Section 3.7 Real Property 13 3.7.1 Owned Real Property 13 3.7.2 Leased Real Property 13 Section 3.8 Contracts 14 Section 3.9 Non-Contravention; Approvals and Consents 15 Section 3.10 Litigation 15 Section 3.11 Taxes 16 Section 3.12 Liabilities 17 Section 3.13 Insurance 17 Section 3.14 Intellectual Properties 18 3.14.1 Definitions 18 3.14.2 Representations 19 3.14.3 Privacy and Security 20 Section 3.15 Compliance with Laws 20 Section 3.16 Client Relations 21 Section 3.17 Accounts Receivable; Work-in-Process; Accounts Payable 21 Section 3.18 Employment Relations 21 Section 3.19 Employee Benefit Matters 22 3.19.1 List of Plans 22 3.19.2 Severance 22 3.19.3 Multi-Employer Plans 23 3.19.4 Welfare Benefit Plans 23 3.19.5 Administrative Compliance 23 3.19.6 Tax-Qualification 24 3.19.7 Funding; Excise Taxes 24 3.19.8 Tax Deductions 25 3.19.9 409A 25 Section 3.20 Interests in Customers, Suppliers, Etc. 25 Section 3.21 Bank Accounts and Powers of Attorney 26 Section 3.22 Compensation of Employoees 26 Section 3.23 No Changes Since the Balance Sheet Date 27 Section 3.24 Corporate Controls 27 Section 3.25 Brokers 27 Section 3.26 Repayment of Loans 28 Section 3.27 Copies of Documents 28
