Asset Purchase Agreement - ALI CLE

Table of Contents(continued)Page5.2.3. Financing..............................................................................................395.2.4. Subsequent Monthly Financial Statements..........................................395.2.5. No Material Adverse Effect.................................................................405.2.6. Ancillary Agreements ..........................................................................405.2.7. U.S. Transfer Documents.....................................................................415.2.8. Opinion of Counsel..............................................................................425.2.9. Environmental Assessment..................................................................425.2.10. Title Policies ........................................................................................425.2.11. Surveys.................................................................................................435.2.12. Consents and Estoppels........................................................................435.2.13. FIRPTA Certificate..............................................................................445.3. Conditions to Obligations of Seller .......................................................................445.3.1. Representations, Performance, etc.......................................................445.3.2. Opinion of Counsel..............................................................................455.3.3. Consents and Approvals ......................................................................455.3.4. Ancillary Agreements ..........................................................................45ARTICLE VIEmployees and Employee Benefit Plans6.1. Employment of Seller’s Employees.......................................................................456.2. Pension Benefit Plans. ...........................................................................................476.3. Welfare and Fringe Benefit Plans..........................................................................496.4. Workers’ Compensation ........................................................................................516.5. Employment Taxes. ...............................................................................................51ARTICLE VIITermination7.1. Termination............................................................................................................527.2. Effect of Termination.............................................................................................53ARTICLE VIIIIndemnification8.1. Indemnification by Seller.......................................................................................538.2. Indemnification by Buyer ......................................................................................558.3. Certain Limitations. ...............................................................................................5521764211v18iii