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

{{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;  

:{{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;  

:{{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;  

:{{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  

:{{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>