Common use of Representations by Acquirer Clause in Contracts

Representations by Acquirer. The Acquirer hereby represents and warrants unto Contributor that the following statements are true, correct, and complete as of the date of this Agreement and will be true, correct and complete as of the Closing Date: (a) Organization and Power. The Acquirer is duly organized, validly existing, and in good standing under the laws of the State of Delaware, and has full right, power, and authority to enter into this Agreement and to assume and perform all of its obligations under this Agreement; and, the execution and delivery of this Agreement and the performance by the Acquirer of its obligations hereunder have been duly authorized by all requisite action of the Acquirer and require no further action or approval of the Acquirer’s partners or of any other individuals or entities in order to constitute this Agreement as a binding and enforceable obligation of the Acquirer.

Representations by Acquirer. The Acquirer hereby represents and warrants unto Contributor that the following statements are true, correct, and complete in every material respect as of the date of this Agreement and will be true, correct correct, and complete as of the Closing Date: (a) Organization and Power. The Acquirer is duly organized, organized and validly existing, and in good standing under the laws of the State Commonwealth of DelawareVirginia, and has full right, power, and authority to enter into this Agreement and to assume and perform all of its obligations under this Agreement; and, the execution and delivery of this Agreement and the performance by the Acquirer of its obligations hereunder under this Agreement have been duly authorized by all requisite action of the Acquirer and require no further action or approval of the Acquirer’s 's partners or of any other individuals or entities in order to constitute this Agreement as a binding and enforceable obligation of the Acquirer.