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Document Preview Asset Purchase Agreement |
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Title: |
Asset Purchase Agreement |
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Entities: |
Environmental Remediation Holding Corp.; Kmart Holding Corp.; Morgan Stanley & Co. Inc.; Jenner & Block LLP; Wachtell, Lipton, Rosen & Katz |
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Date: |
2004 |
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Size: |
Preview shows 5KB of 203KB total |
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Price: |
$93 |
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ID: |
#313690 |
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ASSET PURCHASE AGREEMENT
DATED AS OF JUNE 29, 2004
BY AND BETWEEN
SEARS, ROEBUCK AND CO.
AND
KMART CORPORATION
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
----
{S} {C}
ARTICLE I PURCHASE AND SALE ................................................................ 1
Section 1.1. Purchase and Sale of Transferred Assets................................... 1
Section 1.2. Excluded Assets........................................................... 2
Section 1.3. Assumed Liabilities....................................................... 2
Section 1.4. Excluded Liabilities...................................................... 3
ARTICLE II PHARMACY ASSETS ................................................................. 4
Section 2.1. Right to Acquire Pharmacy Assets.......................................... 4
Section 2.2. No Additional Consideration............................................... 5
Section 2.3. Pharmacy Transfer Deliveries.............................................. 5
Section 2.4. Operation of Pharmacies................................................... 5
Section 2.5. Cooperation............................................................... 5
Section 2.6. Seller's Representations and Warranties Relating to Pharmacy Assets....... 6
Section 2.7. Transfer to Designee...................................................... 7
ARTICLE III PURCHASE PRICE ................................................................. 7
Section 3.1. Purchase Price............................................................ 7
Section 3.2. Payment of Purchase Price................................................. 8
ARTICLE IV CLOSINGS ........................................................................ 9
Section 4.1. Initial Closing and Subsequent Closings................................... 9
Section 4.2. Closing Documents......................................................... 10
Section 4.3. Closing Prorations and Adjustments........................................ 13
Section 4.4. Closing Costs............................................................. 15
Section 4.5. Certain Retained Claims................................................... 15
Section 4.6. Take-Back Leases.......................................................... 16
Section 4.7. Cooperation Between the Parties........................................... 17
Section 4.8. Separate Transactions..................................................... 17
Section 4.9. Pre-Closing Allocation of Purchase Price.................................. 17
ARTICLE V PRE-CLOSING COVENANTS ............................................................ 17
Section 5.1. Operation of Transferred Assets........................................... 17
Section 5.2. Reasonable Best Efforts to Consummate the Transactions.................... 20
Section 5.3. Tax-Deferred Exchange..................................................... 24
Section 5.4. Disclosure................................................................ 24
Section 5.5. Additional Approved Sublease Documents.................................... 25
Section 5.6. Purchase of Fee Interest in Leased Properties............................. 25
Section 5.7. Employee Matters.......................................................... 25
Section 5.8. Environmental Due Diligence for Approved Sublease Space................... 27
{/TABLE}
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