Common use of Selling Broker Clause in Contracts

Selling Broker. Dealer hereby represents and warrants that: (a) Selling Broker-Dealer is a corporation, partnership or other entity duly organized and validly existing in good standing under the laws of the jurisdiction in which Selling Broker-Dealer is organized; (b) the execution and delivery of this Agreement and the performance of the transactions contemplated hereby have been duly authorized by all necessary action and all other authorizations and approvals (if any) required for Selling Broker-Dealer's lawful execution and delivery of this Agreement and Selling Broker-Dealer's performance hereunder have been obtained; and (c) upon execution and delivery by Selling Broker-Dealer, and assuming due and valid execution and delivery by WMFD, this Agreement will constitute a valid and binding agreement, enforceable against Selling Broker-Dealer in accordance with its terms.