Common use of Representation and warranties of the Annuitant Clause in Contracts

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.