|
|
(19 intermediate revisions by the same user not shown) |
Line 1: |
Line 1: |
| {{isdaquote| | | {{nman|isda|2002|3(a)}} |
| (a) '''Basic Representations'''.<br>
| |
| <br>
| |
| (i) ''Status''. It is duly organised and validly existing under the laws of the jurisdiction of its<br>
| |
| organisation or incorporation and, if relevant under such laws, in good standing;<br>
| |
| <br>
| |
| (ii) ''Powers''. It has the power to execute this Agreement and any other documentation relating to<br>
| |
| this Agreement to which it is a party, to deliver this Agreement and any other documentation relating<br>
| |
| to this Agreement that it is required by this Agreement to deliver and to perform its obligations<br>
| |
| under this Agreement and any obligations it has under any {{isdaprov|Credit Support Document}} to which it is<br>
| |
| a party and has taken all necessary action to authorise such execution, delivery and performance;<br>
| |
| <br>
| |
| (iii) ''No Violation or Conflict''. Such execution, delivery and performance do not violate or conflict<br>
| |
| with any law applicable to it, any provision of its constitutional documents, any order or judgment<br>
| |
| of any court or other agency of government applicable to it or any of its assets or any contractual<br>
| |
| restriction binding on or affecting it or any of its assets;<br>
| |
| <br>
| |
| (iv) ''Consents''. All governmental and other consents that are required to have been obtained by it<br>
| |
| with respect to this Agreement or any {{isdaprov|Credit Support Document}} to which it is a party have been<br>
| |
| obtained and are in full force and effect and all conditions of any such consents have been complied<br>
| |
| with; and<br>
| |
| <br>
| |
| (v) ''Obligations Binding''. Its obligations under this Agreement and any {{isdaprov|Credit Support Document}}<br>
| |
| to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with<br>
| |
| their respective terms (subject to applicable bankruptcy, reorganisation, insolvency,<br>
| |
| moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to<br>
| |
| equitable principles of general application (regardless of whether enforcement is sought in a<br>
| |
| proceeding in equity or at law)).|3(a)|1992}}<br>
| |
| | |
| =={{2002ma}}==
| |
| {{isdaquote|
| |
| (a) '''Basic Representations'''.<br>
| |
| <br>
| |
| (i) ''Status''. It is duly organised and validly existing under the laws of the jurisdiction of its organisation<br>
| |
| or incorporation and, if relevant under such laws, in good standing;<br>
| |
| <br>
| |
| (ii) ''Powers''. It has the power to execute this Agreement and any other documentation relating to this<br>
| |
| Agreement to which it is a party, to deliver this Agreement and any other documentation relating to this<br>
| |
| Agreement that it is required by this Agreement to deliver and to perform its obligations under this<br>
| |
| Agreement and any obligations it has under any {{isdaprov|Credit Support Document}} to which it is a party and has<br>
| |
| taken all necessary action to authorise such execution, delivery and performance;<br>
| |
| <br>
| |
| (iii) ''No Violation or Conflict''. Such execution, delivery and performance do not violate or conflict with<br>
| |
| any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or<br>
| |
| other agency of government applicable to it or any of its assets or any contractual restriction binding on or<br>
| |
| affecting it or any of its assets;<br>
| |
| <br>
| |
| (iv) ''Consents''. All governmental and other consents that are required to have been obtained by it with<br>
| |
| respect to this Agreement or any {{isdaprov|Credit Support Document}} to which it is a party have been obtained and are<br>
| |
| in full force and effect and all conditions of any such consents have been complied with; and<br>
| |
| <br>
| |
| (v) ''Obligations Binding''. Its obligations under this Agreement and any {{isdaprov|Credit Support Document}} to<br>
| |
| which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their<br>
| |
| respective terms (subject to applicable bankruptcy, reorganisation, insolvency, moratorium or similar laws<br>
| |
| affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general<br>
| |
| application (regardless of whether enforcement is sought in a proceeding in equity or at law)).|3(a)|2002}}<br>
| |
| {{isdaanatomy}}
| |
| *{{isdasplink2|Basic|Representations}}
| |