Common use of Purchaser’s Warranties and Representations Clause in Contracts

Purchaser’s Warranties and Representations. Purchaser warrants and represents that: (a) Purchaser has the full right, power, and authority to purchase the Property from Seller as provided in this Contract and to carry out Purchaser's obligations hereunder; (b) Purchaser is the type of entity set forth in the preamble to this Contract, duly organized and in good standing under the laws of the state of its organization and is qualified to do business in the State; (c) all requisite action necessary to authorize Purchaser to enter into this Contract and to carry out Purchaser's obligations has been obtained; (d) this Contract has been duly authorized, executed and delivered by Purchaser; and (e) the execution of this Contract and the Closing to occur hereunder do not and will not violate any contract, covenant or other Contract to which Purchaser may be a party or by which Purchaser may be bound. The provisions of this Section shall survive the Closing.