Representations, Warranties and Certain Covenants of Buyer. Buyer represents and warrants to Seller that the following facts are now true and correct and covenants that they will be true and correct as of the Closing.
Representations, Warranties and Certain Covenants of Buyer. 16 Section 4.1 Representations and Warranties of Buyer 16 Section 4.2 Covenants of Buyer 17 ARTICLE V CONDITIONS PRECEDENT TO CLOSING 17 Section 5.1 Conditions Precedent to Seller’s Obligations 17 Section 5.2 Conditions Precedent to Buyer’s Obligations 18 Section 5.3 Waiver of Conditions Precedent 19 ARTICLE VI CLOSING DELIVERIES 19 Section 6.1 Buyer Deliveries 19 Section 6.2 Seller Deliveries 20 Section 6.3 Cooperation 21 ARTICLE VII INSPECTION 21 Section 7.1 General Right of Inspection. 21 Section 7.2 DISCLAIMER 22 Section 7.3 EXAMINATION; NO CONTINGENCIES 22 Section 7.4 RELEASE 25 ARTICLE VIII TITLE AND PERMITTED EXCEPTIONS 26 Section 8.1 Permitted Exceptions 26 Section 8.2 Title Commitment; Surveys 26 Section 8.3 Certain Exceptions to Title; Inability to Convey 27 Section 8.4 Title Policy 27 Section 8.5 Cooperation 28 Page ARTICLE IX TRANSACTION COSTS; RISK OF LOSS 28 Section 9.1 Transaction Costs 28 Section 9.2 Risk of Loss 29 ARTICLE X ADJUSTMENTS 29 Section 10.1 Taxes 29 Section 10.2 Utilities 30 Section 10.3 Parking Lease 30 Section 10.4 Operating Expenses 30 Section 10.5 Miscellaneous Revenues 30 Section 10.6 Replacement Reserve 30 Section 10.7 Accounts Receivable 30 Section 10.8 Consumables 31 Section 10.9 Accounts Payable 31 Section 10.10 Bookings; Booking Deposits 31 Section 10.11 Sales, General Excise, Room and Occupancy Taxes 31 Section 10.12 Retail Merchandise 31 Section 10.13 Incentive Management Fee 32 Section 10.14 Other Adjustments. 32 Section 10.15 Re-Adjustment; Credits Against the Purchase Price 32 ARTICLE XI INDEMNIFICATION 32 Section 11.1 Indemnification by Seller 32 Section 11.2 Indemnification by Buyer 32 Section 11.3 Limitations on Indemnification 33 Section 11.4 Survival 33 Section 11.5 Indemnification as Sole Remedy 33 ARTICLE XII TAX CERTIORARI PROCEEDINGS 34 Section 12.1 Prosecution and Settlement of Proceedings 34 Section 12.2 Application of Refunds or Savings 34 Section 12.3 Survival 34 ARTICLE XIII DEFAULT 34 Section 13.1 BUYER DEFAULT 34 Section 13.2 SELLER DEFAULT 35 ARTICLE XIV OTHER AGREEMENTS; EMPLOYEE MATTERS 35 Section 14.1 Employee Matters 35 ARTICLE XV MISCELLANEOUS 36 Section 15.1 Exculpation 36 Section 15.2 Brokers 37 Section 15.3 Confidentiality; Press Release; IRS Reporting Requirements 37 Section 15.4 Escrow Provisions 38 Page Section 15.5 Successors and Assigns; No Third-Party Beneficiaries 39 Section 15.6 Assignment 39 Section 15.7 Further Assurances 39 Section 15.8 Notices 39 Section 15.9 Entire Agreement ...
Representations, Warranties and Certain Covenants of Buyer
