Representations and Warranties of Tvia Clause Samples
The 'Representations and Warranties of Tvia' clause sets out specific statements and assurances made by Tvia regarding its legal status, authority, financial condition, and other relevant matters at the time of entering into the agreement. Typically, this clause will detail facts such as Tvia's valid organization, its power to execute the agreement, and the accuracy of its financial statements or compliance with laws. Its core practical function is to provide the other party with confidence in Tvia's reliability and to allocate risk by making Tvia legally responsible for the truthfulness of these statements, thereby reducing the likelihood of disputes over undisclosed issues.
Representations and Warranties of Tvia. The representations and warranties of Tvia contained in this Agreement shall be true and accurate as of the date when made and on and after the Handover Date as though such representations and warranties were made at and as of such date, except for changes expressly permitted or contemplated by the terms of this Agreement. Tvia shall have performed and complied with all covenants and agreements required by this Agreement to be performed or complied with by it on or prior to the Handover Date.
Representations and Warranties of Tvia. Tvia hereby represents and warrants to MediaTek as follows:
Representations and Warranties of Tvia. Each of Tvia Inc. and Tvia China represents and warrants to MediaTek that as of the date hereof each of the statements set forth in this Article 3 is true and correct in all respects, except as qualified by the disclosures made herein or as set forth in the schedules attached hereto.