Representations and Warranties by the Fund. The Fund represents, warrants to and agrees with the Distributor, as of the date hereof and as of each Offering Date and Settlement Date, that:
Representations and Warranties by the Fund. The Fund represents and warrants to Claymore as of the date hereof as follows:
Representations and Warranties by the Fund the Manager, the Commodity Subadvisor and the Collateral Subadvisor. The Fund, the Manager, the Commodity Subadvisor and the Collateral Subadvisor jointly and severally represent and warrant to each Underwriter as of the date hereof, as of the Applicable Time referred to in Section 1(a)(i) hereof, as of the Closing Time referred to in Section 2(c) hereof, and as of each Date of Delivery (if any) referred to in Section 2(b) hereof, and agree with each Underwriter, as follows:
Representations and Warranties by the Fund. The Fund represents and warrants to First Trust as of the date hereof as follows:
Representations and Warranties by the Fund. The Fund warrants and represents that: at the time of issuing the Housing Loan, the Borrower is or was a Member of the Fund; at the time of processing the Housing Loan application in respect of the Borrower, it had conducted the affordability assessment checks and has complied with the requirements prescribed in terms of the NCA; it is licensed or has obtained a certificate of approval from the National Credit Regulator to grant Housing Loans to the members; it is registered under section 4 of the Act and that its rules are duly registered in terms of the Act and will not be amended in any manner that will prejudice the Parties’ obligations in terms of this Agreement; in the event of a Default Event, it will deduct and settle the outstanding Housing Loan on behalf of the Borrower; prior to granting the Housing Loan, it has satisfied itself that the property concerned is to be used for housing purposes as set out in clause 5 (five above); and a suitable resolution has been passed by the board of trustees authorizing the Fund to enter into this Agreement and to grant the Housing Loan to the Borrower.
Representations and Warranties by the Fund. The Fund represents and warrants as follows:
