Common use of Agent’s Representations, Warranties and Covenants Clause in Contracts

Agent’s Representations, Warranties and Covenants. [Each entity comprising] Agent hereby represents, warrants and covenants in favor of Merchant as follows: (a) Each entity comprising Agent: (i) is a limited partnership, corporation or limited liability company (as the case may be) duly and validly existing and in good standing under the laws of the State of its organization; (ii) has all requisite power and authority to carry on its business as presently conducted and to consummate the transactions contemplated hereby.

Agent’s Representations, Warranties and Covenants. [Each entity comprising] Agent hereby represents, warrants warrants, and covenants in favor of Merchant as follows: (a) Each entity comprising Agent: Agent is composed of limited liability companies, each of which (i) is a limited partnershipduly formed, corporation or limited liability company (as the case may be) duly and validly existing existing, and in good standing under the laws of the State of its organization; (ii) has all requisite power and authority to carry on its business as presently conducted and to consummate the transactions contemplated hereby.;