Representations of CTC. CTC represents and warrants (A) that it is duly organized and existing under the laws of the State of New Jersey, with full corporate power to carry on its businesses as now conducted, to enter into this Agreement and to perform its obligations hereunder, (B) that this Agreement has been duly authorized, executed and delivered by CTC, and constitutes a valid and legally binding obligation of CTC enforceable in accordance with its terms, and (C) that no statute, regulation, rule, order, judgement or contract binding on CTC prohibits its execution or performance of this Agreement.
Representations of CTC. Knowing that NCO and Portfolio rely thereon and except as set forth in the Schedules delivered by CTC to NCO prior to the execution of the Agreement (and subject to Section 5.7 hereof), CTC represents and warrants to NCO and Portfolio as of the date of this Agreement and the Closing Date, and covenants with NCO and Portfolio, as set forth below in each provision of this Section 3.
Representations of CTC. CTC hereby represents and warrants as follows, which warranties and representations shall also be true as of the Effective Date: (a) Except as noted on Exhibit "B", the CTC Stockholders listed on the attached Exhibit "B" are the sole owners of record and beneficially of the issued and outstanding capital stock of CTC.