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Document Preview Asset Acquisition Agreement |
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Title: |
Asset Acquisition Agreement |
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Entities: |
AirTran Holdings, Inc.; ATA Holdings Corp.; Continental Airlines, Inc.; Delta Air Lines, Inc.; KeyCorp; Smith, Gambrell & Russell |
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Date: |
2004 |
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Size: |
Preview shows 36KB of 248KB total |
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Price: |
$90 |
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ID: |
#873459 |
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Start of Preview |
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ASSET ACQUISITION AGREEMENT
among
AIRTRAN AIRWAYS, INC.,
as Purchaser and Assignee,
and
ATA HOLDINGS CORP.
and
ATA AIRLINES, INC.,
as Sellers
November 16, 2004
TABLE OF CONTENTS
| RECITALS | 1 | |||
| ARTICLE I DEFINITIONS | 1 | |||
|
Section 1.1 |
Definitions | 1 | ||
|
Section 1.2 |
Disclosure Schedules | 1 | ||
| ARTICLE II ACQUISITION OF ASSETS | 2 | |||
|
Section 2.1 |
Acquisition of Transferred Assets | 2 | ||
|
Section 2.2 |
This Section Reserved | 2 | ||
|
Section 2.3 |
Ground Support Equipment | 2 | ||
|
Section 2.4 |
Excluded Assets | 3 | ||
| ARTICLE III ASSUMPTION OF LIABILITIES | 4 | |||
|
Section 3.1 |
Assumed Liabilities | 4 | ||
|
Section 3.2 |
Retained Liabilities | 4 | ||
| ARTICLE IV ACQUISITION PRICE | 5 | |||
|
Section 4.1 |
Acquisition Price | 5 | ||
|
Section 4.2 |
Allocation of Acquisition Price | 5 | ||
|
Section 4.3 |
Adjustments to Acquisition Price. | 6 | ||
|
Section 4.4 |
Prorations | 7 | ||
|
Section 4.5 |
Transfer Taxes | 7 | ||
|
Section 4.6 |
Offsets to Acquisition Price | 7 | ||
| ARTICLE V CLOSING | 8 | |||
|
Section 5.1 |
Closing | 8 | ||
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Section 5.2 |
Deliveries at Closing. At the Closing: | 8 | ||
|
Section 5.3 |
Delivery of Transferred Assets | 9 | ||
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Section 5.4 |
Conditions Precedent to Obligations of AirTran | 9 | ||
|
Section 5.5 |
Conditions Precedent to Obligations of Sellers | 12 | ||
| ARTICLE VI REPRESENTATIONS AND WARRANTIES OF SELLERS | 13 | |||
|
Section 6.1 |
Organization and Good Standing | 13 | ||
|
Section 6.2 |
Authorization and Effect of Agreement | 13 | ||
|
Section 6.3 |
No Conflicts | 14 | ||
|
Section 6.4 |
No Third Party Options | 14 | ||
|
Section 6.5 |
Data | 15 | ||
|
Section 6.6 |
Consents and Approvals | 15 | ||
|
Section 6.7 |
Permits; Compliance with Law | 15 | ||
|
Section 6.8 |
Litigation | 15 | ||
|
Section 6.9 |
Title to and Condition of Assets | 15 | ||
|
Section 6.10 |
U.S. Citizen; Air Carrier | 16 | ||
|
Section 6.11 |
Assumed Contracts | 16 | ||
|
Section 6.12 |
Slots | 16 | ||
|
Section 6.13 |
No Casualty | 17 | ||
|
Section 6.14 |
Insurance | 17 | ||
|
Section 6.15 |
Gates; Gate Property and Ground Support Equipment. | 17 | ||
|
Section 6.16 |
Environmental Matters. | 18 | ||
|
Section 6.17 |
Taxes | 20 | ||
|
Section 6.18 |
Routes | 20 | ||
i
|
Section 6.19 |
Intellectual Property | 21 | ||
|
Section 6.20 |
Real Property. | 21 | ||
|
Section 6.21 |
Disclosure | 22 | ||
| ARTICLE VII REPRESENTATIONS AND WARRANTIES OF PURCHASER | 22 | |||
|
Section 7.1 |
Corporate Organization | 22 | ||
|
Section 7.2 |
Authorization and Effect of Agreement | 22 | ||
|
Section 7.3 |
No Conflicts | 23 | ||
|
Section 7.4 |
Litigation | 23 | ||
|
Section 7.5 |
AirTran 34 Act Reports. | 23 | ||
| ARTICLE VIII PRE-CLOSING COVENANTS | 23 | |||
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Section 8.1 |
Access | 23 | ||
|
Section 8.2 |
Conduct of Business | 24 | ||
|
Section 8.3 |
Notification | 25 | ||
|
Section 8.4 |
No Inconsistent Action | 26 | ||
|
Section 8.5 |
Satisfaction of Conditions | 26 | ||
|
Section 8.6 |
Reserved | 26 | ||
|
Section 8.7 |
Wet Leases | 26 | ||
|
Section 8.8 |
Filings | 27 | ||
|
Section 8.9 |
All Reasonable Efforts | 28 | ||
|
Section 8.10 |
Further Assurances | 28 | ||
|
Section 8.11 |
Publicity | 28 | ||
|
Section 8.12 |
Acquisition and Business Combination Proposals | 29 | ||
|
Section 8.13 |
Bankruptcy Court Approval. | 29 | ||
|
Section 8.14 |
Specific Enforcement of Covenants | 30 | ||
|
Section 8.15 |
Due Diligence | 31 | ||
|
Section 8.16 |
Midway Services Agreement. | 31 | ||
|
Section 8.17 |
Station Services Agreements. | 31 | ||
|
Section 8.18 |
AirTran Services Agreements. | 32 | ||
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Section 8.19 |
Marketing/Code Share Alliance Agreement | 32 | ||
|
Section 8.20 |
Transitional Code Share Agreement | 32 | ||
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Section 8.21 |
Midway Ticket Sales Agreement. | 33 | ||
|
Section 8.22 |
ATA Connection Agreement | 34 | ||
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Section 8.23 |
Assurances Regarding Renegotiation of Assumed Contracts | 34 | ||
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Section 8.24 |
Service Agreements | 34 | ||
| ARTICLE IX POST-CLOSING COVENANTS | 34 | |||
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Section 9.1 |
Maintenance of Books and Records | 34 | ||
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Section 9.2 |
Confidentiality | |||
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End of Preview |
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