Representations and Warranties Anatomy: Difference between revisions

Revision as of 11:28, 13 May 2019

Representations and Warranties Anatomy™

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Status. It is duly organised and validly existing under the laws of its jurisdiction and is in good standing;
Powers. It has the power to execute, deliver and perform this agreement and has done everything needed to do so;
No breach. 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;
Consents. It has all regulatory approvals needed to enter and perform this agreement and they remain unconditional and in full force; and
Obligations binding. Its obligations are its legal, valid and binding obligations, enforceable in accordance with their terms (subject to general laws affecting creditors’ rights and equitable principles).
No default or potential default

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+{{a|rep|}}
 *{{repprov|Absence of litigation}}
+*{{repprov|Status}}. It is duly organised and validly existing under the laws of its jurisdiction and is in good standing;
+*{{repprov|Powers}}. It has the power to execute, deliver and perform this agreement and has done everything needed to do so;
+*{{repprov|No breach}}. 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;
+*{{repprov|Consents}}. It has all regulatory approvals needed to enter and perform this agreement and they remain unconditional and in full force; and
+*{{repprov|Obligations binding}}. Its obligations are its legal, valid and binding obligations, enforceable in accordance with their terms (subject to general laws affecting [[creditor|creditors]]’ rights and equitable principles).
+*{{repprov|No default or potential default}}