Representations; Resolutions Clause Samples
The 'Representations; Resolutions' clause establishes the statements of fact and assurances made by the parties regarding their authority and ability to enter into the agreement. It typically requires each party to confirm that they have taken all necessary internal actions, such as board approvals or shareholder resolutions, to validly execute and perform the contract. This clause ensures that both parties are legally empowered to proceed, reducing the risk of future disputes over authority or validity of the agreement.
Representations; Resolutions. As of the date hereof, and after giving effect to this First Amendment, each Obligor confirms, reaffirms, and restates the representations and warranties set forth in the Agreement and the Loan Documents. Each Obligor further confirms and reaffirms each and every resolution, certificate, consent, and/or other authorization provided to Lender, and further represents that each such resolution, certificate, consent, and/or other authorization (i) remains in full force and effect, (ii) stands of record on the books of such Obligor, and (iii) may be relied upon by Lender, including without limitation the Authorizations given by Borrower and Guarantor on or about February 21, 2018, as well as any before or after.