Representations and Warranties Anatomy: Difference between revisions

Revision as of 16:21, 13 May 2019

Representations and Warranties Anatomy™

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 {{a|rep|}}
-*{{repprov|Absence of litigation}}
+{{repprov|Status}} <br>
+{{repprov|Powers}} <br>
+{{repprov|No violation}} <br>
-*{{repprov|Status}}. It is duly organised and validly existing under the laws of its jurisdiction and is in good standing;
+{{repprov|Consents}} <br>
-*{{repprov|Powers}}. It has the power to execute, deliver and perform this agreement and has done everything needed to do so;
+{{repprov|Principal}} <br>
-*{{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|Understanding}} <br>
-*{{repprov|Consents}}. It has all regulatory approvals needed to enter and perform this agreement and they remain unconditional and in full force; and
+{{repprov|Non-reliance}} <br>
-*{{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 representation}} <br>
-*{{repprov|No default or potential default}}
+{{repprov|Unencumbered owner}} <br>
+{{repprov|No default or potential event of default}} <br>
+{{repprov|No litigation}} <br>
+{{repprov|No fiduciary obligation}}  <br>