Common use of Financial Representation Clause in Contracts

Financial Representation. SELLER represents and warrants that it is and will remain throughout the term of this Purchase Order solvent and adequately capitalized and financially capable to perform all obligations necessary to execute the Work, collectively referred to in this General Condition as “financial capability”. From time to time and at BUYER’S request, SELLER shall provide BUYER with information satisfactory to BUYER to verify SELLER’S financial capability and the financial capability of its Subsuppliers within five (5) days of BUYER’S request.

Appears in 2 contracts

Sources: General Contract, General Contract