Representation and warranties of the Annuitant Clause Samples

The 'Representation and warranties of the Annuitant' clause sets out the specific statements and assurances that the annuitant must make to the other party, typically regarding their legal capacity, authority, and the accuracy of information provided. In practice, this clause may require the annuitant to confirm they are not subject to any legal restrictions, that all personal and financial details disclosed are true, and that entering into the agreement does not violate any other obligations. Its core function is to protect the other party by ensuring the annuitant is eligible and truthful, thereby reducing the risk of disputes or invalid agreements due to misrepresentation.
Representation and warranties of the Annuitant. The Annuitant represents and warrants to the Trustee the following: 12.1 that an entitlement to receive a pension under a pension plan governed by the Act is vested in him(her); 12.2 that he(she) is entitled to effect a transfer of his(her) pension entitlements pursuant to the Act; 12.3 that the funds transferred herein are locked-in funds resulting directly or indirectly from the commuted value of the Annuitant's pension entitlements and are transferred herein pursuant to the Act or the Regulation; and 12.4 that the provisions of the pension plan do not prohibit the Annuitant from entering in this Agreement and, in the event that such prohibition does exist, the Trustee shall not be liable for the consequences to the Annuitant of executing this Agreement nor for anything done by the Trustee in accordance with the provisions hereof. 12.5 that the Trustee is entitled to rely upon the information provided by the Annuitant in order to purchase this locked-in retirement Account. 12.6 That the commuted value of the pension benefits that was transferred herein was not determined on a basis that differentiated on the basis of sex, unless otherwise indicated in writing to the Trustee.
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Representation and warranties of the Annuitant. The Annuitant represents and warrants to the Trustee the following:
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Representation and warranties of the Annuitant. The Annuitant represents and warrants to the Trustee the following: 13.1 that an entitlement to receive a pension under a pension plan governed by the Act is vested in him(her); 13.2 that he(she) is entitled to effect a transfer of his(her) pension entitlements pursuant to the Act; 13.3 that the funds transferred herein are locked-in funds resulting directly or indirectly from the commuted value of the Annuitant’s pension entitlements and are transferred herein pursuant to the Act or the Regulation; and 13.4 that the provisions of the pension plan do not prohibit the Annuitant from entering in this Agreement and, in the event that such prohibition does exist, the Trustee shall not be liable for the consequences to the Annuitant of executing this Agreement nor for anything done by the Trustee in accordance with the provisions hereof.
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Related to Representation and warranties of the Annuitant

  • Representations and Warranties of the Fund The Fund represents and warrants to Price Associates that: 1. It is a corporation or business trust, as the case may be, duly organized and existing and in good standing under the laws of Maryland or Massachusetts, as the case may be. 2. It is empowered under applicable laws and by its Articles of Incorporation or Declaration of Trust, as the case may be, and By-Laws and all required proceedings have been taken to authorize it to enter into and perform this Agreement.

  • Representations and Warranties of the Stockholders Each Stockholder hereby represents and warrants to Parent as follows:

  • Representations and Warranties of the Holders Each Holder represents and warrants, severally and not jointly, to the Company as follows:

  • Representations and Warranties of the Funds 12.1 Each Fund represents and warrants to the Transfer Agent that: (a) It is duly organized and existing and in good standing under the laws of the jurisdiction in which it is organized; (b) It is empowered under applicable laws and by its Articles of Incorporation and By-Laws to enter into this Agreement; (c) All corporate proceedings required by said Articles of Incorporation, By-Laws and applicable laws have been taken to authorize it to enter into this Agreement; (d) A registration statement under the Securities Act of 1933, as amended, is currently effective and will remain effective, and all appropriate state securities law filings have been made and will continue to be made, with respect to all Shares of the Fund being offered for sale; (e) All outstanding Shares are validly issued, fully paid and non-assessable and that, when Shares are hereafter issued in accordance with the terms of the Fund's Articles of Incorporation and its Prospectus, such Shares shall be validly issued, fully paid and non-assessable.

  • Representations and Warranties of the Owner The Owner, as a condition to the consummation of the transactions contemplated hereby, makes the following representations and warranties to the Servicer as of each Closing Date: