Representations of Parties Sample Clauses

Representations of Parties. The parties hereto hereby represent that this Agreement has been duly authorized and, upon execution, will constitute a valid and binding contractual obligation, enforceable in accordance with its terms, of each of the parties hereto.

Representations of Parties. Each Settling State and each Participating Manufacturer hereby represents that this Agreement has been duly authorized and, upon execution, will constitute a valid and binding contractual obligation, enforceable in accordance with its terms, of each of them. The signatories hereto on behalf of their respective Settling States expressly represent and warrant that they have the authority to settle and release all Released Claims of their respective Settling States and any of their respective Settling States' past, present and future agents, officials acting in their official capacities, legal representatives, agencies, departments, commissions and divisions, and that such signatories are aware of no authority to the contrary. It is recognized that the Original Participating Manufacturers are relying on the foregoing representation and warranty in making the payments required by and in otherwise performing under this Agreement. The Original Participating Manufacturers shall have the right to terminate this Agreement pursuant to subsection XVIII(u) as to any Settling State as to which the foregoing representation and warranty is breached or not effectively given.

Representations of Parties. The parties represent as follows:

Representations of Parties. Each party represents that, except as stated herein, it has not made any assignment, sublease, transfer, conveyance, or other disposition of the Lease, or interest in the Lease, or any claim, demand, obligation, liability, action, or cause of action arising from the Lease.

Representations of Parties. Each Party represents and warrants to the other Party as follows: (i) this Agreement constitutes the legal, valid, and binding obligation of such Party, enforceable against him or it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, or other similar laws relating to or affecting creditors’ rights generally, or by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law); (ii) the Party has the absolute and unrestricted right, power, authority, and capacity to execute and deliver this Agreement and to perform his or its obligations under this Agreement; (iii) neither the execution and delivery of this Agreement nor the consummation or performance of any of the transactions contemplated by this Agreement will, directly or indirectly (with or without notice or lapse of time) contravene, conflict with, or result in a violation of (A) any provision of any agreement, contract, obligation, promise or undertaking (whether written or oral and whether express or implied) to which such Party is a party or by which his or its assets are bound or (B) any award, decision, injunction, judgment, order, or ruling, in each case that is binding upon such Party or to which such Party is a party; (iv) the Party will not be required to give any notice to or obtain any approval, consent, ratification, waiver or other authorization from any individual, corporation, general or limited partnership, limited liability company, trust, or other entity in connection with the execution and delivery of this Agreement or the consummation or performance of any of his or its respective covenants set forth in this Agreement, except for such consents, if any, that shall have been obtained on or prior to the Execution Date.

Representations of Parties. Each of the parties hereto severally represents, each with respect only to itself, as of the date hereof, as follows: (a) It is duly organized and existing under the laws of the jurisdiction of its organization, with full power and authority to execute and deliver this Agreement, to enter into the transactions contemplated hereby and to perform all the duties and obligations to be performed by it hereunder; (b) It has duly authorized this Agreement and the transactions contemplated hereby and the performance of all the duties and obligations to be performed hereunder by all necessary corporate action; and (c) It has duly executed and delivered this Agreement and this Agreement constitutes its valid, legal and binding obligation.

Representations of Parties. Each of the parties hereto, severally and not jointly, represents and warrants to the other parties hereto that such party has all requisite power and capacity to execute, deliver and perform this Agreement and that the execution, delivery and performance of this Agreement has been duly authorized by all necessary action on the part of such party and that this Agreement constitutes the legal, valid and binding obligation of such party, enforceable against such party in accordance with its terms except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of Lenders’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or law).

Representations of Parties. Each Party represents and warrants to the other Party hereto that: (a) it is a company duly incorporated, organized and validly subsisting under the laws of its incorporating jurisdiction; (b) it has full power and authority to carry on its business and to enter into this Agreement and any agreement or instrument referred to or contemplated by this Agreement; (c) neither the execution and delivery of this Agreement nor any of the Agreements referred to herein or contemplated hereby, nor the consummation of the transactions hereby contemplated conflict with, result in the breach of or accelerate the performance required by, any agreement to which it is a Party; (d) the execution and delivery of this Agreement and the Agreements contemplated hereby will not violate or result in the breach of the laws of any jurisdiction applicable or pertaining thereto or of its organizational documents.

Representations of Parties. (a) The Shareholders have all power and authority to make, execute and deliver this Agreement and to consummate the transactions contemplated hereunder. (b) Consummation of the transactions contemplated by this Agreement will not violate or result in a breach of or constitute a default under any provision of any indenture, mortgage, lease, agreement, contract, decree, instrument, order, judgment, ordinance, regulation or any other restriction of any kind or character to which the Shareholders or Sterling or Singer is subject or by which any of the parties hereto are bound. (c) Sterling and Singer have full power and authority to make, execute and deliver this Agreement to consummate all of the transactions contemplated hereunder. (d) Each of the parties hereto acknowledge that he or she is a person experienced in business transactions, that he or she has entered into this Settlement Agreement entirely in reliance upon his or her own judgment and that of his or her own advisors and not in reliance on any representations made by any other party hereto and that he or she assumes the full risk of discovery or more complete understanding of any facts, events, law or thing whatsoever which, if presently known or correctly understood, would have affected his or her determination to enter into this Settlement Agreement. Each of the parties signing on behalf of Sterling and Singer hereby (i) certifies that each is signing in their capacity as an officer of the corporation; (ii) represents that he or she has been duly authorized by all necessary corporate action to sign this Agreement on behalf of said corporation and to consummate all of the transactions contemplated hereby; and (iii) represents that he or she has no knowledge of any pending or threatened action, suit, claim, proceeding, inquiry or investigation before any court, governmental agency, board or bureau that might restrain or prevent the consummation of the transactions contemplated by this Agreement or that might reasonably be expected to affect the right of the Shareholders to own the Sterling Shares and sell or otherwise dispose of same after their receipt of said Shares.