Template:Nutshell 2002 ISDA 3(a)

3(a). Basic Representations

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 its obligations under this Agreement and all related documentation to which it is a party and has taken all necessary steps to authorise its execution, delivery and performance;

3(a)(iii) 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;

3(a)(iv) Consents. It has all necessary regulatory approvals it needs to enter into 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).