REPRESENTATIONS AND WARRANTIES 20 Clause Samples
The 'Representations and Warranties' clause sets out the specific statements of fact and assurances that each party makes to the other regarding the subject matter of the agreement. These statements may cover aspects such as the authority to enter into the contract, the accuracy of financial information, or the absence of undisclosed liabilities. By clearly outlining these assurances, the clause helps allocate risk between the parties and provides a basis for legal remedies if any representation or warranty is later found to be untrue.
REPRESENTATIONS AND WARRANTIES 20. Section 7.1 Representations and Warranties of the Development Owner 20 Section 7.2 Covenants 23 Section 7.3 Cost Certification 26 ARTICLE VIII RESERVE ACCOUNTS 27 Section 8.1 Replacement Reserve 27
REPRESENTATIONS AND WARRANTIES 20. Section 3.1 Representations and Warranties of the Company 20 Section 3.2 Representations and Warranties of the Purchaser and the Parent 20 ARTICLE 4 COVENANTS 21 Section 4.1 Conduct of Business of the Company 21 Section 4.2 Interim Period Consents 25 Section 4.3 Covenants Relating to the Arrangement 25 Section 4.4 Cooperation Regarding Reorganization 26 Section 4.5 Bump Transactions 27 Section 4.6 Financing Cooperation 28 Section 4.7 Regulatory Approvals 30 Section 4.8 Access to Information; Confidentiality 31 Section 4.9 Public Communications 31 Section 4.10 Notice and Cure Provisions 32 Section 4.11 Insurance and Indemnification 32 Section 4.12 TSX De-listing 33
REPRESENTATIONS AND WARRANTIES 20. Section 5.1 Borrower's Representations 21 Section 5.2 Warranty of Title. 21 Section 5.3 Status of Property 21 Section 5.4 No Foreign Person 22 Section 5.5 Separate Tax Lot 22
REPRESENTATIONS AND WARRANTIES 20. Section 4.01. Representations and Warranties of the Seller Relating to the Seller 20 Section 4.02. Representations and Warranties of the Seller Relating to the Agreement and the Receivables 21 Section 4.03. Representations and Warranties of TRS 23 ARTICLE V COVENANTS 25 Section 5.01. Covenants of the Seller 25 Section 5.02. Records 27
REPRESENTATIONS AND WARRANTIES 20. Section 4.01 Representations and Warranties 20 US_303658666v4
REPRESENTATIONS AND WARRANTIES 20. Representations and Warranties of the Key Holder 20
REPRESENTATIONS AND WARRANTIES 20. 4.1 Corporate Existence; Compliance with Law 20 4.2 Executive Offices; FEIN 20 4.3 Corporate Power, Authorization, Enforceable Obligations 20 4.4 Financial Statements 21 4.5 Material Adverse Effect 21 4.6 Ownership of Property; Liens 21 4.7 Labor Matters 22 4.8 Ventures, Subsidiaries and Affiliates; Outstanding Stock and Indebtedness 22 4.9 Government Regulation 23 4.10 Margin Regulations 23 4.11 Taxes 23 4.12 ERISA 24 4.13 No Litigation 24 4.14 Brokers 24 4.15 Intellectual Property 24 4.16 Full Disclosure 25 4.17 Environmental Matters 25 4.18 Insurance 25 4.19 Deposit and Disbursement Accounts 25 4.20 Government Contracts 26 4.21 Customer and Trade Relations 26 4.22 Reserved 26 4.23 Solvency 26 4.24 Reserved 26 4.25 Reserved 26 4.26 Reserved 26 4.27 Foreign Assets Control Regulations, Etc. 26 4.28 SEC Filings 27
REPRESENTATIONS AND WARRANTIES 20. Section 4.01. Representations and Warranties of the Seller Relating to the Seller 20 Section 4.02. Representations and Warranties of the Seller Relating to the Agreement and the Receivables 21 Section 4.03. Representations and Warranties of TRS 23 ARTICLE V COVENANTS 25 Section 5.01. Covenants of the Seller 25 Section 5.02. Records 27 ARTICLE VI REPURCHASE OBLIGATION 28 Section 6.01. Reassignment of Ineligible Receivables 28 Section 6.02. Reassignment of Other Receivables 28 ARTICLE VII CONDITIONS PRECEDENT 30 Section 7.01. Conditions to TRS’s Obligations Regarding Initial Receivables 30 Section 7.02. Conditions Precedent to the Seller’s Obligations 30 ARTICLE VIII TERM AND PURCHASE TERMINATION 32 Section 8.01. Term 32 Section 8.02. Purchase Termination 32 ARTICLE IX MISCELLANEOUS PROVISIONS 33 Section 9.01. Amendment 33 Section 9.02. Governing Law 33 Section 9.03. Notices 33 Section 9.04. Severability of Provisions 34 Section 9.05. Assignment 34 Section 9.06. Acknowledgement and Agreement of the Seller 34 Section 9.07. Further Assurances 34 Section 9.08. No Waiver; Cumulative Remedies 35 Section 9.09. Counterparts 35 Section 9.10. Binding; Third-Party Beneficiaries 35 Section 9.11. Merger and Integration 35 Section 9.12. Headings 35 Section 9.13. Schedules and Exhibits 35 Section 9.14. Survival of Representations and Warranties 35 Section 9.15. Nonpetition Covenant 36 EXHIBIT A FORM OF AGGREGATE ADDITION ACCOUNT SUPPLEMENTAL CONVEYANCE A-1 EXHIBIT B FORM OF SUPPLEMENTAL CONVEYANCE FOR NEW ACCOUNTS B-1 SCHEDULE 1 LIST OF ACCOUNTS S-1 AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of April 1, 2018, by and between AMERICAN EXPRESS NATIONAL BANK, a national banking association (together with its successors and assigns, “AENB”), as seller, and AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., a New York corporation (together with its successors and assigns, “TRS”), as purchaser.
REPRESENTATIONS AND WARRANTIES 20. 1 The Contractor represents and warrant that: 20.