Representations and Warranties of the Issuer and Citibank Sample Clauses

The 'Representations and Warranties of the Issuer and Citibank' clause sets out the specific statements of fact and assurances that both the Issuer and Citibank affirm to be true at the time of entering into the agreement. These may include confirmations regarding their legal authority to enter the contract, the accuracy of financial statements, compliance with laws, and the absence of undisclosed liabilities or litigation. By clearly outlining these representations and warranties, the clause allocates risk between the parties and provides a basis for recourse if any statements are later found to be false or misleading.