GENERAL REPRESENTATIONS AND WARRANTIES AND RELATED COVENANTS Clause Samples
The "General Representations and Warranties and Related Covenants" clause sets out the basic assurances and promises each party makes to the other regarding their authority, capacity, and compliance with applicable laws in entering into the agreement. Typically, this clause requires each party to confirm that they are duly organized, have the power to execute the contract, and that doing so does not violate any other agreements or legal obligations. By establishing these baseline guarantees, the clause helps ensure that both parties are legally able to fulfill their obligations, reducing the risk of disputes over authority or legal compliance.
GENERAL REPRESENTATIONS AND WARRANTIES AND RELATED COVENANTS. In order to induce Lenders to enter into this Agreement and to maintain the Loans, and to issue the Letters of Credit, provided for herein, each Loan Party party hereto makes the following representations, covenants and warranties, both as of the Execution Date and (after giving effect to the transactions contemplated hereby to occur on the Effective Date) as of the Effective Date (unless otherwise specified), which representations, covenants and warranties shall survive the execution and delivery of this Agreement and the other documents and instruments referred to herein:
GENERAL REPRESENTATIONS AND WARRANTIES AND RELATED COVENANTS. In order to induce Lenders to enter into this Agreement and to make and maintain the Loans provided for herein, Borrower makes the following representations, covenants and warranties, both as of the Execution Date and (after giving effect to the transactions contemplated hereby to occur on the Effective Date) as of the Effective Date (unless otherwise specified), which representations, covenants and warranties shall survive the execution and delivery of this Agreement and the other documents and instruments referred to herein: