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Title: |
Purchase and Sale Agreement |
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Entities: |
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Date: |
2007 |
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Size: |
221KB total |
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Price: |
$63 |
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ID: |
#2857674 |
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Start of Preview |
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PURCHASE AND SALE AGREEMENT
by and between
MIRANT INTERNATIONAL INVESTMENTS, INC.
as the Seller
and
MARUBENI CARIBBEAN POWER HOLDINGS, INC.
as the Purchaser
Dated as of April 17, 2007
TABLE OF CONTENTS
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1. |
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DEFINITIONS AND CONSTRUCTION |
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2 | ||
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1.1. |
Definitions |
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2 | |
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1.2. |
Certain Terms of Construction |
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14 | |
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2. |
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PURCHASE AND SALE AND CLOSING |
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15 | ||
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2.1. |
Purchase and Sale |
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15 | |
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2.2. |
Purchase Price |
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16 | |
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2.3. |
Closing |
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17 | |
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2.4. |
Closing Deliveries by the Seller to the Purchaser |
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18 | |
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2.5. |
Closing Deliveries by the Purchaser to the Seller |
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19 | |
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2.6. |
Purchase Price Allocation |
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20 | |
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2.7. |
Purchaser Security |
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20 | |
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3. |
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REPRESENTATIONS AND WARRANTIES OF THE SELLER |
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21 | ||
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3.1. |
Organization and Qualification |
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21 | |
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3.2. |
Authority |
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21 | |
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3.3. |
Non Contravention, Approvals and Consents |
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21 | |
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3.4. |
Capital Stock |
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22 | |
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3.5. |
Legal Proceedings |
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22 | |
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3.6. |
Brokers |
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22 | |
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4. |
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REPRESENTATIONS AND WARRANTIES REGARDING THE PORTFOLIO COMPANIES |
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22 | ||
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4.1. |
Organization and Qualification |
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23 | |
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4.2. |
Capital Stock |
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23 | |
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4.3. |
Non-Contravention, Approvals and Consents |
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24 | |
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4.4. |
Financial Statements |
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24 | |
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4.5. |
Absence of Certain Changes and Events; Absence of Undisclosed Liabilities |
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25 | |
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4.6. |
Legal Proceedings |
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25 | |
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4.7. |
Permits; Compliance With Laws |
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25 | |
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4.8. |
Material Contracts |
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25 | |
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4.9. |
Taxes |
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26 | |
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4.10. |
Employee Benefit Plans |
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26 | |
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4.11. |
Labor Matters |
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27 | |
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4.12. |
Environmental Matters |
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27 | |
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4.13. |
Intellectual Property |
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28 | |
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4.14. |
Insurance |
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28 | |
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4.15. |
Real Property |
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28 | |
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4.16. |
Affiliate Contracts |
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29 | |
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4.17. |
Title to Assets |
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29 | |
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4.18. |
Information |
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29 | |
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4.19. |
Schedules Complete |
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29 | |
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5. |
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REPRESENTATIONS AND WARRANTIES OF THE PURCHASER |
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29 | ||
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5.1. |
Organization |
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29 | |
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5.2. |
Authority Relative to This Agreement; Enforceability |
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29 | |
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5.3. |
Non-Contravention; Approvals and Consents |
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30 | |
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5.4. |
Legal Proceedings; Compliance with Laws |
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30 | |
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5.5. |
Financing |
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30 | |
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5.6. |
Brokers or Finders |
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31 | |
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5.7. |
Acquisition as Investment |
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31 | |
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5.8. |
Financial Resources |
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31 | |||||||
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5.9. |
No Conflicting Consents |
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5.10. |
Independent Investigation; Acknowledgement |
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31 | ||||||
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5.11. |
Business Conflicts |
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32 | ||||||
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6. |
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COVENANTS |
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32 | |||||||
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6.1. |
Regulatory and Other Approvals |
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6.2. |
Interim Period Information and Access of the Purchaser |
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35 | ||||||
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6.3. |
Interim Period Restrictions on the Seller |
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36 | ||||||
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6.4. |
Resignation of Managers and Officers |
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39 | ||||||
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6.5. |
Use of Certain Names |
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6.6. |
Support Obligations |
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6.7. |
Further Assurances |
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6.8. |
Employee Obligations |
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6.9. |
Employee Benefit Matters |
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42 | ||||||
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6.10. |
Certain Other Terms |
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42 | ||||||
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6.11. |
Insurance |
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43 | ||||||
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6.12. |
Sellers Covenants Relating to the Closing Conditions |
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44 | ||||||
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