Common use of Representation of Buyer Clause in Contracts

Representation of Buyer. The Buyer represents to the Seller as follows: (a) The Buyer has the legal authority to execute, deliver and perform the terms and provisions of this Agreement and has taken all necessary legal actions (including any consent of stockholders required by law or by its charter documents if necessary) to authorize the execution, delivery or performance of this Agreement and the transactions contemplated herein. (b) This Agreement, when executed by the Seller and countersigned by the Buyer, will constitute Buyer's legal, valid and binding obligations in accordance with the terms hereof, except as enforceability may be limited by applicable bankruptcy, liquidation, insolvency, reorganization, moratorium or similar laws affecting creditors' rights or general equity principles. The representations made in this Section 4 are continuous representations and shall survive the date hereof.