The Xxxx X. Xxxxxxx Trust; The
The Xxxx X. Xxxxxxxxxx Mexican American Cultural Center (ESB-MACC) is dedicated to the preservation, creation, presentation, and promotion of the cultural arts of Mexican Americans and other Latino cultures. Vision Austin will have a greater awareness of the history and contributions of our Mexican American and Latino communities, enhancing quality of life for everyone. The ESB-MACC will xxxxxx, engage, and empower the greater Austin community through renowned arts education and enriching experiences of art and culture. The Center will be a celebrated Pan American cultural institution that will enhance the quality of life for its patrons. Values
The Xxxx X. Xxxxxxxxx Trust shall have sold to the Buyer the equipment currently leased by the Seller for $582,500, and such Trust shall have executed and delivered all documentation related thereto that is reasonably requested by the Buyer.
The Xxxx X. Xxxx Company, whose report is referred to in the Offering Memorandum, as of the date of such report, and is, as of the date hereof, independent mining and geological consultants with respect to the Company. The combined historical financial statements, and pro forma financial information, together with the related notes thereto, set forth in the Offering Memorandum comply as to form in all material respects with the requirements of Regulation S-X under the Securities Act applicable to registration statements under the Securities Act. Such historical financial statements fairly present in all material respects the financial position of the Company at the respective dates indicated and the results of operations and cash flows for the respective periods indicated, subject in the case of unaudited combined financial statements to year-end audit adjustments, in each case in accordance with generally accepted accounting principles ("GAAP") consistently applied throughout such periods. Such pro forma financial information has been prepared on a basis consistent with such historical and proposed transactions contemplated by the Offering Memorandum and this Agreement. The other financial information and data included in the Offering Memorandum, historical and pro forma, are, in all material respects, accurately presented and prepared on a basis consistent with such financial statements and the books and records of the Company. Since the date of the latest audited combined financial statements of the Company included in the Offering Memorandum, the Company has not incurred any liability or obligation, direct or contingent, or entered into any transaction, in each case not in the ordinary course of business, that is material to the Company and there has been no Material Adverse Effect and, except as disclosed in or contemplated by the Offering Memorandum, since the date of the latest audited combined financial statements of the Company included in the Offering Memorandum, there has been no (i) dividend or distribution of any kind declared, paid or made by the Company on any class of its capital stock (other than the payment of regular quarterly cash dividends), (ii) issuance of securities (other than pursuant to the Company's employee benefit plans and agreement and the issuance of the Series A Notes offered hereby) or (iii) material increase in short-term or long-term debt of the Company. The Company has good and marketable title in fee simple to all real property a...
