Common use of ICBC Clause in Contracts

ICBC. ICBC represents and warrants that: (a) We are a legal entity organized and validly existing under the laws of British Columbia; (b) We have the power and capacity to enter into this Agreement and to observe, perform and comply with the terms of this Agreement; and (c) We have taken all necessary action to authorize this Agreement. All representations and warranties made by ICBC under this Agreement are material and will be considered to have been relied upon by You, regardless of any investigation by You before or after the Effective Date.

ICBC. ICBC represents and warrants that: (a) We are a legal entity organized and validly existing under the laws of British Columbia; (b) We have the power and capacity to enter into this Agreement and to observe, perform and comply with the terms of this Agreement; and (c) We have taken all necessary action to authorize this Agreement. All representations and warranties made by ICBC under this Agreement are material and will be considered to have been relied upon by You, regardless of any investigation by You before or after the Effective Date.