REPRESENTATIONS AND WARANTTIES OF SYNNEX AND SYNNEX JAPAN Clause Samples
The "Representations and Warranties of SYNNEX and SYNNEX Japan" clause sets out the specific statements and assurances that both SYNNEX and its Japanese counterpart make regarding their authority, operations, and legal compliance in the context of the agreement. Typically, this clause will detail facts such as each party's valid existence, power to enter into the agreement, and that there are no undisclosed liabilities or pending litigation. Its core function is to provide a factual basis for the transaction, allocate risk by holding each party accountable for the truth of their statements, and protect the other party from hidden issues that could affect the deal.
REPRESENTATIONS AND WARANTTIES OF SYNNEX AND SYNNEX JAPAN. SYNNEX and SYNNEX JAPAN severally and jointly represent and warrant to MCJ as at the date of execution of this Agreement as follows: