Template:Nutshell 2002 ISDA 3(a): Difference between revisions

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{{isdaprov|3(a)}} '''{{isdaprov|Basic Representations}}''' <br>
{{isdaprov|3(a)}} '''{{isdaprov|Basic Representations}}''' <br>
:{{isdaprov|3(a)(i)}} '''{{isdaprov|Status}}'''. It is duly organised and validly existing under the laws of its jurisdiction and is, where relevant, in good standing;
{{2002 ISDA 3(a)(i)}}
:{{isdaprov|3(a)(ii)}} '''{{isdaprov|Powers}}'''. It has the power to execute, deliver and perform this {{isdaprov|Agreement}} and any {{isdaprov|Credit Support Document}} to which it is a party and has done everything needed to do so;
{{2002 ISDA 3(a)(ii)}}
:{{isdaprov|3(a)(iii)}} '''{{isdaprov|No Violation or Conflict}}'''. Its execution, delivery and performance does not breach law, its constitutional documents, or any court or government order or contractual restriction affecting it or its assets;
{{2002 ISDA 3(a)(iii)}}
:{{isdaprov|3(a)(iv)}} '''{{isdaprov|Consents}}'''. It has all regulatory approvals needed to enter and perform this {{isdaprov|Agreement}} and any {{isdaprov|Credit Support Document}} to which it is a party and they remain unconditional and in full force; and
{{2002 ISDA 3(a)(iv)}}
:{{isdaprov|3(a)(v)}} '''{{isdaprov|Obligations Binding}}'''. Its obligations under this {{isdaprov|Agreement}} and any {{isdaprov|Credit Support Document}} to which it is a party are its legal, valid and binding obligations, enforceable in accordance with their terms (subject to general laws affecting creditors’ rights and equitable principles). <br>
{{2002 ISDA 3(a)(v)}}

Revision as of 15:31, 21 June 2019

3(a) Basic Representations

3(a)(i) Status. It is duly organised and validly existing under the laws of its jurisdiction and is, where relevant, in good standing;
3(a)(ii) Powers. It has the power to execute, deliver and perform this Agreement and any Credit Support Document to which it is a party and has done everything needed to do so;
3(a)(iii) No Violation or Conflict. Its entry into and performance of this Agreement is not contrary to law, its constitutional documents, or any court or government order or contractual restriction affecting it or its assets;
3(a)(iv) Consents. It has all regulatory approvals needed to enter and perform this Agreement and any Credit Support Document to which it is a party and they remain unconditional and in full force; and
3(a)(v) Obligations Binding. Its obligations under this Agreement and any Credit Support Document to which it is a party are its legal, valid and binding obligations, enforceable in accordance with their terms (subject to general laws affecting creditors’ rights and equitable principles).
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