Common use of Capacity to Execute Clause in Contracts

Capacity to Execute. All parties to this Release covenant that they have sufficient capacity to execute this Release and have read this Release and know the contents thereof, and hereby execute this Release of their own free act and will, fully understanding the contents hereof, and say that they have not been influenced to any extent whatsoever in making this Release by any representations or statements by any of the parties to this Release or by any person or persons representing any of the parties to this Release or acting on its behalf. The Releasors further declare that they have carefully read this Release, the terms of which are contractual and not a mere recital, that the entire contents hereof are fully understood by them and that the same is being executed as their own free act and without any pressure or duress of any description.

Appears in 2 contracts

Sources: Note Amendment and Interest Conversion Agreement (Arkanova Energy Corp.), Settlement Agreement (Royal Mines & Minerals Corp)