Common use of Representations and Guarantees Clause in Contracts

Representations and Guarantees. 9.1. The BUYER and the SELLER represent and guarantee the following: 9.1.1. They are legal entities in compliance with the applicable legislation and are duly empowered to sign the present Contract. 9.1.2. The persons signing the present Contract on behalf of the BUYER and the SELLER have a full power and authority to do so, their signing authority has been duly attested to, and all the measures necessary in accordance with the Charter and other constituent documents and applicable legislation have been taken so that the present Contract is signed by the BUYER and the SELLER in accordance with the established procedure and comes into legal force making it possible to enforce its provisions, if necessary. 9.1.3. Signing of the present Contract neither violates, nor contradicts the rights of any third person, at the time of signature of the present Contract, nor violates any legislation or any right or agreement applicable to the BUYER and the SELLER or their respective property. 9.1.4. They have the financial resources sufficient to meet the obligations under the present Contract. 9.1.5. The BUYER and the SELLER guarantee that neither this Contract nor any other document, statement or financial information provided in connection with this Contract contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained herein or therein not misleading.