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Document Preview Asset Purchase Agreement |
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Title: |
Asset Purchase Agreement |
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Entities: |
International Brotherhood of Teamsters; United Food & Commercial Workers Union; Pepper Hamilton LLP; Vedder, Price, Kaufman & Kammholz P.C. |
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Date: |
2006 |
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Size: |
Preview shows 77KB of 231KB total |
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Price: |
$55 |
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ID: |
#875237 |
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Start of Preview |
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| ARTICLE I DEFINED TERMS | 1 | |||||||||
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1.1 | Definitions. | 1 | |||||||
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1.2 | Terms Defined Elsewhere. | 7 | |||||||
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1.3 | Interpretation. | 9 | |||||||
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| ARTICLE II PURCHASE AND SALE OF ASSETS | 10 | |||||||||
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2.1 | Purchase and Sale of Acquired Assets. | 10 | |||||||
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2.2 | Acquired Assets. | 10 | |||||||
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2.3 | Excluded Assets. | 12 | |||||||
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2.4 | Assumed Liabilities and Excluded Liabilities. | 13 | |||||||
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2.5 | Purchase Price. | 16 | |||||||
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2.6 | Adjustments to Purchase Price. | 16 | |||||||
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2.7 | Allocation. | 19 | |||||||
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2.8 | Dividable Contracts. | 19 | |||||||
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| ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY | 21 | |||||||||
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3.1 | Corporate Status and Authority. | 21 | |||||||
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3.2 | Agreement Not in Breach of Other Instruments Affecting the Company. | 22 | |||||||
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3.3 | Title to Tangible Assets; Sufficiency of Assets. | 22 | |||||||
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3.4 | Owned Real Property. | 22 | |||||||
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3.5 | Leased Real Property. | 23 | |||||||
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3.6 | Intellectual Property. | 23 | |||||||
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3.7 | Actions and Proceedings. | 23 | |||||||
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3.8 | Material Contracts. | 24 | |||||||
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3.9 | Compliance with Applicable Laws. | 25 | |||||||
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3.10 | Environmental Matters. | 26 | |||||||
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3.11 | Taxes. | 27 | |||||||
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3.12 | Brokers. | 28 | |||||||
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3.13 | Financial Information. | 28 | |||||||
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3.14 | Labor Matters. | 28 | |||||||
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3.15 | Employee Benefit Plans; ERISA. | 29 | |||||||
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3.16 | Suppliers and Customers. | 30 | |||||||
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3.17 | Government Approvals. | 30 | |||||||
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3.18 | Inventories. | 30 | |||||||
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3.19 | Labor Problems and Raw Materials. | 31 | |||||||
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3.20 | Absence of Changes. | 31 | |||||||
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3.21 | Undisclosed Liabilities. | 31 | |||||||
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| ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE BUYER | 32 | |||||||||
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4.1 | Corporate Status and Authority. | 32 | |||||||
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4.2 | Agreement Not in Breach of Other Instruments Affecting the Buyer. | 32 | |||||||
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4.3 | Financial Capability. | 32 | |||||||
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4.4 | Compliance with Applicable Law; Actions and Proceedings. | 33 | |||||||
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4.5 | Compliance with Confidentiality Agreement. | 33 | |||||||
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4.6 | Brokers. | 33 | |||||||
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4.7 | Government Approvals. | 33 | |||||||
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| ARTICLE V CERTAIN COVENANTS | 33 | |||||||||
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5.1 | Certain Understandings; Access to Information. | 33 | |||||||
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5.2 | Preservation of Books and Records. | 36 | |||||||
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5.3 | Conduct of Business. | 36 | |||||||
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5.4 | Environmental Notification. | 37 | |||||||
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5.5 | Transition Services. | 38 | |||||||
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5.6 | Co-Pack Agreements. | 38 | |||||||
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5.7 | Mendota Agreements. | 38 | |||||||
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5.8 | Intellectual Property Agreements. | 38 | |||||||
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5.9 | Parking Sublease. | 38 | |||||||
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5.10 | Facilities License. | 39 | |||||||
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5.11 | R&D Facility Agreements. | 39 | |||||||
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5.12 | Energy Supply Agreement. | 39 | |||||||
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5.13 | Employee Services Agreement. | 39 | |||||||
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5.14 | Regulatory and Other Authorizations. | 39 | |||||||
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5.15 | Consents. | 40 | |||||||
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5.16 | No Other Representations or Warranties; Disclaimer Regarding Estimates and Projections. | 40 | |||||||
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5.17 | Real Estate Matters. | 41 | |||||||
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5.18 | Employees and Employee Benefit Plans. | 42 | |||||||
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5.19 | Taxes. | 49 | |||||||
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5.20 | Recalls. | 50 | |||||||
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5.21 | Use of Certain Names. | 50 | |||||||
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5.22 | Use of Certain UPC Codes. | 51 | |||||||
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5.23 | Returns. | 51 | |||||||
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5.24 | Rebates under Supply Agreements. | 51 | |||||||
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5.25 | Reimbursement. | 51 | |||||||
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5.26 | Confidentiality. | 52 | |||||||
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5.27 | Update Information. | 52 | |||||||
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5.28 | Noncompetition, Nonsolicitation and Noninterference. | 52 | |||||||
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5.29 | Forwarding of Collected Payments. | 53 | |||||||
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5.30 | Exclusivity. | 53 | |||||||
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5.31 | Union Matters. | 54 | |||||||
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5.32 | Regulation S-X Compliant Financial Statements. | 54 | |||||||
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5.33 | Liens and Encumbrances. | 55 | |||||||
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5.34 | Cooperation; Further Assurances. | 55 | |||||||
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5.35 | Planning Materials. | 55 | |||||||
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5.36 | Credit Agreement. | 55 | |||||||
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5.37 | Insurance Proceeds. | 55 | |||||||
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5.38 | Customer Deductions. | 56 | |||||||
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5.39 | Microwaveable Bowls. | 56 | |||||||
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| ARTICLE VI CONDITIONS PRECEDENT TO CLOSING | 56 | |||||||||
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6.1 | Conditions to Obligations of the Buyer. | 56 | |||||||
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6.2 | Conditions to Obligations of the Company. | 58 | |||||||
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| ARTICLE VII CLOSING | 59 | |||||||||
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7.1 | Closing Date. | 59 | |||||||
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7.2 | Deliveries by the Company at Closing. | 59 | |||||||
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7.3 | Deliveries by the Buyer at Closing. | 60 | |||||||
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| ARTICLE VIII INDEMNIFICATION | 60 | |||||||||
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8.1 | Survival of Representations and Warranties. | 60 | |||||||
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8.2 | Indemnification Generally. | 61 | |||||||
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8.3 | Limitations of Damages. | 63 | |||||||
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8.4 | Exclusive Remedy. | 64 | |||||||
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8.5 | Tax Treatment. | 64 | |||||||
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| ARTICLE IX TERMINATION | 64 | |||||||||
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9.1 | Termination. | 64 | |||||||
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9.2 | Event of Termination. | 65 | |||||||
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| ARTICLE X MISCELLANEOUS | 65 | |||||||||
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10.1 | Public Announcement. | 65 | |||||||
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10.2 | Payment of Costs and Expenses. | 65 | |||||||
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10.3 | Succession and Assignment. | 66 | |||||||
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10.4 | Entire Agreement. | 66 | |||||||
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10.5 | Severability; Enforceability. | 66 | |||||||
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10.6 | Bulk Sales Laws. | 66 | |||||||
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10.7 | Counterparts. | 66 | |||||||
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10.8 | Notices. | 66 | |||||||
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10.9 | Waivers. | 68 | |||||||
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10.10 | Third Parties. | 68 | |||||||
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10.11 | Rules of Construction. | 68 | |||||||
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10.12 | Governing Law; Consent to Jurisdiction. | 68 | |||||||
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10.13 | STATUTORY COAL NOTICE. | 68 | |||||||
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10.14 | WAIVER OF JURY TRIAL. | 68 | |||||||
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10.15 | Specific Performance. | 69 | |||||||
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Exhibit A |
Form Working Capital Statement | |
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Exhibit B |
Transition Services Agreement | |
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Exhibit C |
College Inn Co-Pack Agreement | |
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Exhibit D |
Terminal Island Co-Pack Agreement | |
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Exhibit E |
Mendota Co-Occupancy Agreement | |
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Exhibit F |
Mendota Lease Agreement | |
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Exhibit G |
Mendota Sublease Agreement | |
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Exhibit H |
Trademark License Agreement | |
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Exhibit I |
Shared IP Agreements | |
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Exhibit J |
Trademark Assignment Agreement | |
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Exhibit K |
Intellectual Property Assignment | |
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Exhibit L |
Domain Name Transfer Agreement | |
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Exhibit M |
Parking Sublease | |
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Exhibit N |
Facilities License | |
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Exhibit O |
R&D Lease & Facility Sharing Agreement | |
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Exhibit P |
R&D Equipment Room Lease | |
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Exhibit Q |
Energy Supply Agreement | |
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Exhibit R |
Pittsburgh Facility Subdivision | |
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Exhibit S |
Easement Agreement | |
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Exhibit T |
Del Monte Industrial Use Covenant | |
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Exhibit U |
Employee Services Agreement |
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End of Preview |
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