Common use of REPRESENTATIONS AND WARRANTIES OF THE COMPANIES Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF THE COMPANIES. The Companies hereby jointly and severally represent and warrant that this Security Agreement is a valid and binding obligation of the Companies and is enforceable in accordance with its terms. The execution and delivery hereof has been duly authorized by the Board of Directors of each of the Companies, and neither the execution nor performance of this Security Agreement will conflict with any other agreement to which the Companies are a party or by which they are bound.