Common use of Title and Capacity Clause in Contracts

Title and Capacity. Each party represents and warrants that: it is validly existing under the laws of its place of incorporation or registration; it has the power to enter into and perform its obligations under this Agreement; it has taken all corporate action and holds all Authorisations necessary or desirable to enable its entry into and performance of this Agreement, and it is complying with any conditions attached to the Authorisations; its obligations under this Agreement are enforceable against it under the terms of the Agreement; and the execution, delivery and performance by it of this Agreement (and any other document required to be entered into by it relating to this Agreement) does not and will not: result in a breach of, or constitute a default under, any agreement or arrangement to which it is party or by which it is bound; or result in a breach of any law or order, judgment or decree of any court or Government Agency or regulatory body by which it is bound.