Common use of Representations and Warranties by Purchaser Clause in Contracts

Representations and Warranties by Purchaser. Purchaser represents and warrants to Seller as follows: (a) Purchaser is a Georgia corporation duly organized and validly existing and in good standing under the laws of the State of Georgia, and by the Closing Date, will be in good standing under the laws of Minnesota as may be required in order for the Title Company to issue the Title Policy required hereunder; (b) Purchaser has the requisite power and authority to enter into this Agreement and Purchaser's Closing Documents (as such term is defined in Section 9(c) hereof); (c) this Agreement has been duly authorized by all necessary action on the part of Purchaser and this Agreement and Purchaser's Closing Documents have been or will be duly executed and delivered by Purchaser; (d) Purchaser's execution, delivery and performance of this Agreement and Purchaser's Closing Documents will not conflict with or result in violation of Purchaser's organizational documents, or any judgment, order or decree of any court or arbiter, to which Purchaser is a party; and (e) this Agreement and Purchaser's Closing Documents (when signed) are valid and binding obligations of Purchaser, and are enforceable against Purchaser in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, creditor's rights and other similar laws.

Representations and Warranties by Purchaser. Purchaser hereby represents and warrants to Seller as follows: (a) Purchaser is a Georgia corporation duly organized and validly existing and in good standing under the laws of the State of Georgia, and by the Closing Date, will be in good standing under the laws of Minnesota as may be required in order for the Title Company to issue the Title Policy required hereunderMinnesota; (b) Purchaser has the requisite power and authority to enter into and perform its obligations under this Agreement and under each of Purchaser's Closing Documents (as such term is defined in Section 9(c) hereof); (c) this Agreement has and each of Purchaser's Closing Documents have been duly authorized by all necessary action on the part of Purchaser and this Agreement and Purchaser's Closing Documents have been or will be duly executed and delivered by Purchaser; (d) Purchaser's execution, delivery and performance of this Agreement and each of Purchaser's Closing Documents will not conflict with or result in a violation of Purchaser's organizational documents, or any judgment, order order, or decree of any court or arbiter, arbiter to which Purchaser is a party; and (e) this Agreement and each of Purchaser's Closing Documents (when signed) are valid and binding obligations of Purchaser, and are enforceable against Purchaser in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, creditor's creditors' rights and other similar laws.

Representations and Warranties by Purchaser. Purchaser represents and warrants to Seller as follows: (a) Purchaser is a Georgia corporation duly organized and validly existing and in good standing under the laws of the State of Georgia, and by the Closing Date, will be in good standing under the laws of Minnesota Colorado as may be required in order for the Title Company to issue the Title Policy required hereunder; (b) Purchaser has the requisite power and authority to enter into this Agreement and Purchaser's Closing Documents (as such term is defined in Section 9(c) hereof); (c) this Agreement has been duly authorized by all necessary action on the part of Purchaser and this Agreement and Purchaser's Closing Documents have been or will be duly executed and delivered by Purchaser; (d) Purchaser's execution, delivery and performance of this Agreement and Purchaser's Closing Documents will not conflict with or result in violation of Purchaser's organizational documents, or any judgment, order or decree of any court or arbiter, to which Purchaser is a party; and (e) this Agreement and Purchaser's Closing Documents (when signed) are valid and binding obligations of Purchaser, and are enforceable against Purchaser in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, creditor's rights and other similar laws.. 10

Representations and Warranties by Purchaser. Purchaser represents and warrants to Seller as follows: (a) Purchaser is a Georgia corporation duly organized and validly existing and in good standing under the laws of the State of Georgia, and by the Closing Date, will be in good standing under the laws of Minnesota Colorado as may be required in order for the Title Company to issue the Title Policy required hereunder; (b) Purchaser has the requisite power and authority to enter into this Agreement and Purchaser's Closing Documents (as such term is defined in Section 9(c10(c) hereof); (c) this Agreement has been duly authorized by all necessary action on the part of Purchaser and this Agreement and Purchaser's Closing Documents have been or will be duly executed and delivered by Purchaser; (d) Purchaser's execution, delivery and performance of this Agreement and Purchaser's Closing Documents will not conflict with or result in violation of Purchaser's organizational documents, or any judgment, order or decree of any court or arbiter, to which Purchaser is a party; and (e) this Agreement and Purchaser's Closing Documents (when signed) are valid and binding obligations of Purchaser, and are enforceable against Purchaser in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, creditor's rights and other similar laws.