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Seller in connection herewith are legal, valid and binding obligations of Seller, enforceable in <br />accordance with their respective terms. Neither the execution and delivery of this Agreement by <br />Seller, nor performance of any of its obligations hereunder, nor consummation of the <br />transactions contemplated hereby, shall conflict with, result in a breach of, or constitute a default <br />under, the terms and conditions of the organizational documents pursuant to which Seller was <br />organized, or any indenture, mortgage, deed of trust, agreement, undertaking, instrument or <br />document to which Seller or any affiliate thereof is a party or is bound, or any order or regulation <br />of any court, regulatory body, administrative agency or governmental body having jurisdiction <br />over Seller. <br />5.12 Foreign Person. Seller is not a "foreign person" within the meaning of <br />Section 1445(f) of the Internal Revenue Code. <br />5.13 Misstatements and Omissions. Neither the representations and warranties made <br />by Seller in this Article 5 nor elsewhere in this Agreement contain any untrue statement or any <br />omission of a material fact. <br />ARTICLE 6. BUYER'S REPRESENTATIONS AND WARRANTIES. <br />Buyer makes the following representation and warranties to Seller with the <br />understanding that each such representation and warranty is material and is being relied upon by <br />Seller: <br />6.1 Buyer's AuthoritX. The execution, delivery and performance of this Agreement <br />by Buyer have been duly and validly authorized by all necessary action and proceedings, and no <br />further action or authorization is necessary on the part of Buyer in order to consummate the <br />transactions contemplated herein. <br />6.2 No Conflict. Neither the execution nor delivery of this Agreement by Buyer, nor <br />performance of any of its obligations hereunder, nor consummation of the transactions <br />contemplated hereby, shall conflict with, result in a breach of, or constitute a default under, the <br />terms and conditions of the organizational documents pursuant to which Buyer was organized, or <br />any agreement to which Buyer is a party or is bound, or any order or regulation of any court, <br />regulatory body, administrative agency or governmental body having jurisdiction over Buyer. <br />6.3 Misstatements and Omissions. Neither the representations and warranties made <br />by Buyer in this Article 6 nor elsewhere in this Agreement contain any untrue statement or any <br />omission of a material fact. <br />ARTICLE 7. SURVIVAL OF REPRESENTATIONS AND WARRANTIES AND <br />INDEMNIFICATION. <br />7.1 Survival of Warranties. Buyer and Seller agree that each representation and <br />warranty in Articles 5 and 6, respectively, shall survive the Closing Date and shall not merge <br />with the delivery to Buyer of the Grant Deed. <br />7.2 Notice of Changed Circumstances. If either party becomes aware of any fact or <br />circumstances which would render false or misleading a representation or warranty made by <br />such party, then it shall immediately give notice of such fact or circumstance to the other party, <br />ATTY/AGR/2019.316.1 /YMCA — PURCHASE AND SALE AGREEMENT <br />Page 9 of 27 <br />