Common use of Prior Representations Clause in Contracts

Prior Representations. All representations and warranties previously made by Existing Agent set forth in the Agency Agreement that were made to Client under the Agency Agreement shall be deemed to be made by New Agent in favor of Client as of the Closing Date (except that, for the avoidance of doubt, New Agent does not make the representations and warranties previously made by the Existing Agent in Clause 4.03 of the Agency Agreement). All representations and warranties previously made by Client set forth in the Agency Agreement that were made to Existing Agent under the Agency Agreement shall be deemed to be made by Client in favor of New Agent as of the Closing Date.