Common use of Execution by Parties Clause in Contracts

Execution by Parties. Any person or party executing this Agreement in a representative capacity, acknowledges, warrants and represents 1) that he or she is an official representative of the firm or corporation in whose name he or she is executing this Agreement, 2) that he or she possesses full and complete authority to bind said firm or corporation to the full and faithful performance of all conditions, terms, provisions, covenants, warranties and representations as contained in this Agreement, and 3) that all other parties are relying on these representations and warranties as a material inducement to execute, deliver and otherwise consummate the transactions contemplated under this Agreement, the CCF Agreement, the Credit Documents and the Definitive Supplemental Documents.