Common use of CONTRIBUTOR'S REPRESENTATIONS Clause in Contracts

CONTRIBUTOR'S REPRESENTATIONS. The Contributor represents and warrants to the Company that: (1) The Contributor is the owner of the Contributed Assets and has the right to transfer them to the Company free and clear of any liens, encumbrances, or claims; (2) The Contributed Assets are transferred on an "AS IS" basis, and the Contributor makes no representations or warranties regarding the feasibility, security, or legal compliance of the Contributed Assets; (3) The Contributor has the full power and authority to enter into this Agreement and to perform its obligations hereunder.