Representations and Warranties of CCRT. As of the date hereof, CCRT hereby represents and warrants to, and agrees with, CAC and Accounts Owner as of the date hereof that:
Representations and Warranties of CCRT. As of the date of this Agreement, CCRT hereby represents and warrants to Buyer that the following are true and correct: (a) CCRT has received or derived, or will receive or derive, substantial direct and indirect benefit from the Purchase Agreement; (b) CCRT is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Georgia and has full corporate power to execute, deliver and perform its obligations under this Agreement; (c) the execution, delivery and performance of this Agreement has been and will remain duly authorized by all necessary corporate action of CCRT, and do not contravene any provision of law or of CCRT’s governing documents or any contractual restriction binding upon CCRT or its assets; (d) all consents, authorizations and approvals of, and registrations and declarations with, any governmental authority necessary for the due execution, delivery and performance of this Agreement have been obtained and remain in full force and effect and all conditions thereof have been duly complied with, and no other action by and no notice to or filing with, any governmental authority is required in connection with the execution, delivery or performance of this Agreement; and (e) this Agreement constitutes a legal, valid and binding obligation of CCRT enforceable against CCRT in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles.
