Common use of ELI Clause in Contracts

ELI. II represents and warrants to the Company that (a) the Shares ▇▇e owned by ELI-II and represent all of the capital stock of the Company owned ▇▇ ELI-II or any affiliate thereof or of Rohit M. Desai, (b) the Shar▇▇ are being sold free and clear of ▇▇▇ ▇▇▇▇▇▇▇ances, liens of any kind whatsoever ("Encumbrances"), other than the restrictions imposed by Federal and state securities law, (c) ELI-II is authorized to enter into this Agreement and consummate ▇he transactions contemplated hereby and (d) it is fully familiar with the financial condition of the Company and has had an adequate opportunity to ask and have answered questions regarding the financial and business condition of the Company.

ELI. II represents and warrants to the Company that (a) the Shares a▇▇e ▇ owned by ELI-II and represent all of the capital stock of the Company owned ▇▇ ELI-II or any affiliate thereof or of Rohit M. Desai, (b) the SharShare▇ ▇▇ are re being sold free and clear of ▇▇▇ all ▇▇▇▇▇▇▇ances▇▇▇▇▇, liens of any kind whatsoever ("Encumbrances"), other than the restrictions imposed by Federal and state securities law, (c) ELI-II is authorized to enter into this Agreement and consummate th▇ ▇he transactions ransactions contemplated hereby and (d) it is fully familiar with the financial condition of the Company and has had an adequate opportunity to ask and have answered questions regarding the financial and business condition of the Company.