Template:Pledge GMSLA 2018 13: Difference between revisions
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{{pgmslaprov|13}} '''{{pgmslaprov| | {{pgmslaprov|13}} '''{{pgmslaprov|Lender’s Warranties}}'''<br> | ||
{{pgmslaprov|Lender}} hereby warrants and undertakes to {{pgmslaprov|Borrower}} on a continuing basis to the intent that such warranties shall survive the completion of any transaction contemplated herein that: | {{pgmslaprov|Lender}} hereby warrants and undertakes to {{pgmslaprov|Borrower}} on a continuing basis to the intent that such warranties shall survive the completion of any transaction contemplated herein that: | ||
:{{pgmslaprov|13.1(a)}} it is duly authorised and empowered to perform its duties and obligations under this {{pgmslaprov|Agreement}}, the {{pgmslaprov|Security Agreement}} and the {{pgmslaprov|Control Agreement}}; | :{{pgmslaprov|13.1(a)}} it is duly authorised and empowered to perform its duties and obligations under this {{pgmslaprov|Agreement}}, the {{pgmslaprov|Security Agreement}} and the {{pgmslaprov|Control Agreement}}; | ||
Latest revision as of 18:24, 19 January 2021
13 Lender’s Warranties
Lender hereby warrants and undertakes to Borrower on a continuing basis to the intent that such warranties shall survive the completion of any transaction contemplated herein that:
- 13.1(a) it is duly authorised and empowered to perform its duties and obligations under this Agreement, the Security Agreement and the Control Agreement;
- 13.1(b) it is not restricted under the terms of its constitution or in any other manner from lending Securities in accordance with this Agreement or from otherwise performing its obligations hereunder and under the Security Agreement and the Control Agreement;
- 13.1(c) it is absolutely entitled to pass full legal and beneficial ownership of all Securities provided by it hereunder to Borrower free from all liens, charges and encumbrances; and
- 13.1(d) it is acting as principal in respect of this Agreement, other than in respect of an Agency Loan.