Common use of Representations and Additional Covenants of Repo Custodian Clause in Contracts

Representations and Additional Covenants of Repo Custodian. (a) Repo Custodian represents and warrants that (i) it is duly authorized to execute and deliver this Agreement and to perform its obligations hereunder and has taken all necessary action to authorize such execution, delivery and performance, (ii) the execution, delivery and performance of this Agreement do not and will not violate any ordinance, declaration of trust, partnership agreement, articles of incorporation, charter, rule or statute applicable to it or any agreement by which it is bound or by which any of its assets are affected, (iii) the person executing this Agreement on its behalf is duly and properly authorized to do so, (iv) it has (and will maintain) a copy of this Agreement and evidence of its authorization in its official books and records, and (v) this Agreement has been executed by one of its duly authorized officers at the level of Vice President or higher.

Appears in 139 contracts

Samples: Repo Custodian Agreement (Fidelity Advisor Series Vii), Repo Custodian Agreement (Variable Insurance Products Fund Iv), Repo Custodian Agreement (Fidelity Contrafund)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.