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;
{{Nutshell 2002 ISDA 3(a)(i)}}
:{{isdaprov|3(a)(ii)}} '''{{isdaprov|Powers}}'''. It has the power to execute, deliver and perform its obligations under this {{isdaprov|Agreement}} and all related documentation to which it is a party and has taken all necessary steps to authorise its execution, delivery and performance;
{{Nutshell 2002 ISDA 3(a)(ii)}}
:{{isdaprov|3(a)(iii)}} '''{{isdaprov|No Violation or Conflict}}'''. Its execution, delivery and performance does not breach applicable law, its constitutional documents, or any court or government order or contractual restriction affecting it or any of its assets;
{{Nutshell 2002 ISDA 3(a)(iii)}}
:{{isdaprov|3(a)(iv)}} '''{{isdaprov|Consents}}'''. It has all necessary regulatory approvals it needs to enter into 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
{{Nutshell 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>
{{Nutshell 2002 ISDA 3(a)(v)}}

Latest revision as of 17:38, 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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