Common use of Borrower's Representation and Warranties Clause in Contracts

Borrower's Representation and Warranties. The Borrower represents and warrants to the Lenders that: (a) the Borrower is a company duly incorporated and validly existing under the laws of British Columbia and is in good standing with respect to the filing of annual reports with the Registrar of Companies for British Columbia; (b) the Borrower has all requisite corporate power capacity and authority to enter into, execute and deliver this Agreement and to execute and deliver the Promissory Note, the Security and to carry out the obligations contemplated herein and therein; (c) the execution and delivery of this Agreement, the Promissory Note and the Security have been duly and validly authorized by the Borrower; and (d) no Event of Default has occurred or is continuing.

Borrower's Representation and Warranties. The Borrower represents and warrants to the Lenders Lender that: (a) the Borrower is a company duly incorporated and validly existing under the laws of British Columbia and is in good standing with respect to the filing of annual reports with the Registrar of Companies for British Columbia; (b) the Borrower has all requisite corporate power capacity and authority to enter into, execute and deliver this Agreement and to execute and deliver the Promissory Note, the Security and to carry out the obligations contemplated herein and therein; (c) the execution and delivery of this Agreement, Agreement and the Promissory Note and the Security have been duly and validly authorized by the Borrower; and (d) no Event of Default has occurred or is continuing.