Common use of Representations and Warranties and Certain Covenants Clause in Contracts

Representations and Warranties and Certain Covenants. 1. Each of Contracting Party, Assignor and Agent hereby represents and warrants as of the date hereof that it is duly organized, validly existing, and in good standing under the laws of the commonwealth or state of its organization and is qualified and in good standing in each other jurisdiction where the failure to so qualify would have a material adverse effect upon its business or financial condition, and it has all requisite power and authority to conduct its business, to own its properties and to execute, deliver and perform its obligations under this Consent.