Declaration and Warranty Sample Clauses
A Declaration and Warranty clause serves to affirm that certain statements or facts provided by a party are true and accurate at the time of the agreement. In practice, this clause requires one or both parties to confirm specific details, such as ownership of assets, authority to enter into the contract, or compliance with laws. Its core function is to allocate risk by holding parties accountable for the truthfulness of their representations, thereby protecting the other party from potential misrepresentations or undisclosed issues.
Declaration and Warranty. Plaintiffs declare and warrant that they have read and fully understand this Agreement, and that they voluntarily accept it for the purpose of making a full and complete settlement and compromise of any and all claims arising out of the activities occurring at the Property or the issuance of the City’s Notice, in whatever form or legal theory plaintiffs might assert, or might have asserted, including but limited to any claim for unlawful discrimination, unlawful treatment or harassment, and that this Agreement is intended to, and does, cover not only all known losses and damages, but any further losses or damages not now known or anticipated which may later arise. Plaintiffs and City agree that plaintiffs’ declaration and warranty contained in this paragraph is further consideration for this Agreement.
Declaration and Warranty. 1. Party A has made a formal declaration to Party B: the creditor’s rights in this agreement is bad loan creditor’s rights owned by Party A whose creditor’s rights has passed the litigation time limit, warrantor’s responsibility has become invalid, or it is extremely difficult to find the real debtor, or notwithstanding the creditor’s rights and security interest still exist for invalid mortgage, but can’t be executed or affirmed, or encounter a great difficulties while executing and affirming.
2. Party B has made a formal promise: Party B has fully understood the situation stated above in item 1 and the purchase of the creditor’s rights is conducted willingly by Party B. Party B promise not to terminate and cancel this agreement and do not claim the invalidity of the whole and parts of the agreement after the transaction of transfer has been completed based on the defect of the creditor’s rights, security interest and the reason of strong misunderstanding and unequal principle.
3. Party A and Party B both have agreed: this agreement is deemed to be made through detailed negotiations between both Parties and not to be made by either party separately. Should Party B fail to pay off the transaction cost within the time limit stated in Article 4, Party B shall pay fine for delaying payment at the daily rate of 0.0005 based on the total transaction cost. Party A may cancel this agreement if Party B delay the payment for over 20 working days and Party A will charge Party B 20%of the total transaction cost as default payments.
Declaration and Warranty. Client hereby announces the following declaration and warranty, which is deemed to be announced repetitively by the Client at each time of Bank’s disbursement under this Agreement or its ancillary financing documents.
1) Client is a corporation registered and established pursuant to the law of China (excluding Hongkong, Macro and Taiwan, the same as below). It is authorized to sign this Agreement and any other document relevant to this Agreement. It has adopted any necessary corporate action to legalize, validate and enforce this Agreement and any other relevant documents.
2) Client’s execution and performance of this Agreement does not and will not contradict with any other agreement, document, and article of association, any applicable law, regulation or administrative rule, any document of relevant authority, judgment and decision. The Agreement also does not contradict with any other duties or arrangements made by the Client.
3) Client and its shareholder and subsidiary corporation have not been placed in any proceeding of wind-up, bankruptcy, rehabilitation, merger and acquisition, division, restructuring, dissolution, insolvency, suspension or any other similar legal proceeding, nor are they in any circumstances that would result in the application of such proceeding.
4) Client is not involved in any economic, civil, criminal, administrative or arbitrative proceeding which might cause significant negative effect on it, nor is it involved in any circumstances which might result in the engagement in such proceeding or arbitration procedure.
5) None of the major assets of client’s legal representative, director, superintendent other senior managers and its clients is under any kind of enforced execution, forfeiture, custody, freeze, lien or temporary receiver, nor does any of them get involved in any circumstance giving arise to such measurement.
6) Any financial documents (if any) submitted by the Client are in compliance with the law of China. They are truly, completely and fairly reflecting the financial situation of Client. Any material, document, information provided by the Client during its execution and performance of this Agreement and regarding itself and the guarantor are true, effective, accurate and complete without any concealment or omission;
7) Any business of the Client is strictly complies with the applicable laws and regulations. Client shall operate its business strictly conforming to its business license or within the scope of busine...
Declaration and Warranty. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ declare the Computer to be fully functional without any disabilities in its operations (other than any noted above). I shall honor a refund of the full purchase price in the event the computer should fail to function within fourteen (14) days, providing there is no evidence of physical abuse or trauma to the computer.
Declaration and Warranty. The Customer hereby declares and warrants that it is a juristic person whose:
(a) asset value or annual turnover (calculated in accordance with the prevailing method of calculation prescribed pursuant to the provisions of section 6 of the Consumer Protection Act, No. 68 of 2008), at the time that it enters into this Agreement, equals or exceeds R2 000 000,00 (two million Rand) which is the prevailing threshold value determined by the Minister in terms of the said section 6; and
(b) asset value or annual turnover (together with the combined asset value or annual turnover of all related juristic persons), at the time that it enters into this Agreement, equals or exceeds R1 000 000,00 (one million Rand) which is the _