D E B T O Sample Clauses

D E B T O. R ‘ S L E G A L L Y P R O C U R E D R E S O U R C E S a) It has the necessary and sufficient financial and material resources to comply with its payment obligations and other obligations arising from this Agreement and other documents executed under it; representing that said resources are not illegally obtained. a) That prior to signing this Agreement, the "CREDITOR" brought to its knowledge the contents and scope of the Agreement as well as of the other documents that will be executed under it, as well as the costs, fees and expenses that will arise from the execution thereof. Furthermore, it states to have been informed of the Total Annual Cost (TAC) applicable to the operation, which is inserted in "Annex E", subsection a), Annex that is known to it and that contains the general characteristics of the credit granted in its favor. Furthermore, before signing this document, the "CREDITOR" informed the “DEBTOR” of the amount of the periodic payments, the form and frequency of payment and the other applicable financial charges; it also informed the “DEBTOR” of its right to pay off the operation in advance. Finally, it states that it was informed in a timely manner of the regular and default interest rates, especially how to calculate them. b) That as of the date of execution of this Agreement, it is up to date in the payment of its tax, labor, social security and any other obligations that may apply; that it has no civil, commercial or labor lawsuits filed against it, nor are there any administrative proceedings initiated or in the process of being initiated by any authority for the collection of taxes or social security benefits, nor are there any obligations of any kind or nature that could affect its ability to pay and/or the enforceability and collection of the credit granted. It also declares that it is not in breach of any term or condition of any contract, agreement or document to which it is a party, the non-compliance of which could have adverse consequences for its operations, assets, financial situation or payment capacity. c) That the information presented to the "CREDITOR" for the granting of this credit, accurately and faithfully reflects its economic situation, and that such information lacks any falseness. Also, he/she/it represents that such information reasonably and reliably reflects his/her/its economic condition, and therefore, there is no situation or fact of any kind that could result in a state of insolvency for the declarant. d) He...