Common use of Client’s Representations and Warranties Clause in Contracts

Client’s Representations and Warranties. 35.1. The Client gives each declaration and warrant provided in art. 35.2 in favor of BCR, to completing any other declarations and warrantees given by him within any Convention, considering that BCR concluded the Contractual Documentation essentially based on each of such declarations and warrantees. 35.2. The Client declares and warrants BCR that: 35.2.1. he has the capacity of use and exercise as resulted from the Contractual Documentation, being able to contract the Banking Services making the object of Contractual Documentation, to grant guarantees and adequately assume and meet all obligations according to the Contractual Documentation; 35.2.2. he has obtained all the approvals from all the competent authorities and took all the necessary or required measures according to the laws and regulations of Romania to conclude the Contractual Documentation and to adequately meet his obligations derived from it; 35.2.3. the obligations provided to be assumed based on the Contractual Documentation are committing the Client’s accountability and can be foreclosed; 35.2.4. neither the Contractual Documentation and not the compliance with any of its provisions are violating any law, regulation, court decision or of other nature, administrative order or of another kind applicable to the Client, respectively any contract, accord or document legally committing the Client or any of his possessions; 35.2.5. all information the Client supplied to BCR are true, complete and correct at the date they were provided and are not of a deceiving nature in any way; 35.2.6. there is no litigation in the courts of law or arbitrage or any administrative procedure in progress or pending and that there is no compensation request or dispute which might affect the Client’s capacity to meet the obligations assumed by the Contractual Documentation. 35.3. The representations and warrantees above will be regarded as given by the Client when concluding in the future any Convention with BCR, except for the case when he notifies BCR otherwise.

Client’s Representations and Warranties. 35.1. The Client gives each declaration and warrant provided in art. clause 35.2 in favor favour of BCR, to completing any other declarations and warrantees given by him within any Convention, considering that BCR concluded the Contractual Documentation essentially based on each of such declarations and warrantees. 35.2. The Client declares and warrants BCR that: 35.2.1. he has the capacity of use and exercise as resulted from the Contractual Documentation, being able to contract the Banking Services making the object of Contractual Documentation, to grant guarantees and adequately assume and meet all obligations according to the Contractual Documentation; 35.2.2. he has obtained all the approvals from all the competent authorities and took all the necessary or required measures according to the laws and regulations of Romania to conclude the Contractual Documentation and to adequately meet his obligations derived from it; 35.2.3. the obligations provided to be assumed based on the Contractual Documentation are committing the Client’s accountability and can be foreclosed; 35.2.4. neither the Contractual Documentation and not the compliance with any of its provisions are violating any law, regulation, court decision or of other nature, administrative order or of another kind applicable to the Client, respectively any contract, accord or document legally committing the Client or any of his possessions; 35.2.5. all information the Client supplied to BCR are true, complete and correct at the date they were provided and are not of a deceiving nature in any way; 35.2.6. there is no litigation in the courts of law or arbitrage or any administrative procedure in progress or pending and that there is no compensation request or dispute which might affect the Client’s capacity to meet the obligations assumed by the Contractual Documentation. 35.3. The representations and warrantees above will be regarded as given by the Client when concluding in the future any Convention with BCR, except for the case when he notifies BCR otherwise.