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Representations and Warranties Anatomy: Difference between revisions
Representations and Warranties Anatomy (view source)
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{{a|rep|}} | |||
*{{repprov|Absence of litigation}} | *{{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}} | |||