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; | :{{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 | :{{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; | ||
:{{isdaprov|3(a)(iii)}} '''{{isdaprov|No Violation or Conflict}}'''. Its execution, delivery and performance does not breach | :{{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; | ||
:{{isdaprov|3(a)(iv)}} '''{{isdaprov|Consents}}'''. It has all | :{{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 | ||
:{{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> | :{{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> | ||
Revision as of 11:44, 3 April 2018
- 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 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;
- 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).