Common use of Mutual Warranty Clause in Contracts

Mutual Warranty. Each party warrants that it has the full right and legal authority to enter into, execute, and perform its obligations under this Agreement and that no pending or threatened claim or litigation known to it would have a material adverse impact on its ability to perform as required by this Agreement.

Mutual Warranty. Each party warrants and represents to the other that (i) it has the full right corporate power and legal authority to enter into, execute, into and perform carry out its obligations under this Agreement, and (ii) the execution and delivery of the Agreement by such party, and that no pending the performance by such party of its obligations pursuant to the Agreement, will not result in any material violation of or threatened claim constitute a default under, any material agreement or litigation known obligation to it would have a material adverse impact on its ability to perform as required by this Agreementwhich such party is currently bound.