REPRESENTATIONS AND WARRANTIES BY CFI Sample Clauses

REPRESENTATIONS AND WARRANTIES BY CFI. CFI represents and ------------------------------------- warrants to IMNF as follows: 4.1 ORGANIZATION AND STANDING, POWERS, QUALIFICATION AND ---------------------------------------------------- AUTHORITY/BOOKS AND RECORDS/ PERMITS AND LICENSES. -------------------------------------------------- A. BDMC is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida, has all requisite corporate power and authority to own its properties and assets and carry on its business as now conducted is duly qualified and authorized to transact business as a mortgage lending company in the State of Florida, and is qualified and in good standing as a foreign corporation in each jurisdiction where the nature of its business required such qualification. B. The copies of the Articles of Incorporation and Bylaws of BDMC attached as Schedule 4.1 are correct and complete. The stock transfer, minute books, and corporate records of BDMC which have been made available to IMNF are correct and complete and constitute the only written records and minutes of the meetings, proceedings, and other actions of the shareholders and the Board of Directors from the date of BDMC's organization to the date hereof. C. BDMC (and/or, where necessary, its employees), has duly obtained and holds in full force and effect all consents, authorizations, licenses, permits, orders, or approvals of, and has made timely declarations and filings with all federal state or local governmental or regulatory bodies that are material and necessary in the conduct of its business as conducted at present, (collectively, the "Permits"). All the Permits were duly obtained, are in full force and effect, and no violations are or have been recorded in respect of any such Permit. To CFI's knowledge, no proceeding is pending or threatened to revoke, deny or limit any such Permit.
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Related to REPRESENTATIONS AND WARRANTIES BY CFI

  • Representations and Warranties by You You represent and warrant that: 2.1.1 You are an insurance company duly organized and in good standing under the laws of your state of incorporation. 2.1.2 All of your directors, officers, employees, and other individuals or entities dealing with the money and/or securities of the Trust are and shall be at all times covered by a blanket fidelity bond or similar coverage for the benefit of the Trust, in an amount not less than $5 million. Such bond shall include coverage for larceny and embezzlement and shall be issued by a reputable bonding company. You agree to make all reasonable efforts to see that this bond or another bond containing such provisions is always in effect, and you agree to notify us in the event that such coverage no longer applies. 2.1.3 Each Account is a duly organized, validly existing segregated asset account under applicable insurance law and interests in each Account are offered exclusively through the purchase of or transfer into a "variable contract" within the meaning of such terms under Section 817 of the Internal Revenue Code of 1986, as amended ("Code") and the regulations thereunder. You will use your best efforts to continue to meet such definitional requirements, and will notify us immediately upon having a reasonable basis for believing that such requirements have ceased to be met or that they might not be met in the future. 2.1.4 Each Account either: (i) has been registered or, prior to any issuance or sale of the Contracts, will be registered as a unit investment trust under the Investment Company Act of 1940 ("1940 Act"); or (ii) has not been so registered in proper reliance upon an exemption from registration under Section 3(c) of the 1940 Act; if the Account is exempt from registration as an investment company under Section 3(c) of the 1940 Act, you will use your best efforts to maintain such exemption and will notify us immediately upon having a reasonable basis for believing that such exemption no longer applies or might not apply in the future. 2.1.5 The Contracts or interests in the Accounts: (i) are or, prior to any issuance or sale will be, registered as securities under the Securities Act of 1933, as amended (the "1933 Act"); or (ii) are not registered because they are properly exempt from registration under Section 3(a)(2) of the 1933 Act or will be offered exclusively in transactions that are properly exempt from registration under Section 4(2) or Regulation D of the 1933 Act, in which case you will make every effort to maintain such exemption and will notify us immediately upon having a reasonable basis for believing that such exemption no longer applies or might not apply in the future.

  • REPRESENTATIONS AND WARRANTIES BY BUYER Buyer hereby represents and warrant as follows:

  • Representations and Warranties by Seller Seller represents and warrants to Buyer as follows:

  • Representations and Warranties by Purchaser The Purchaser represents and warrants to the Seller that:

  • Representations and Warranties; Etc Each Obligor hereby affirms: (a) that as of the date of execution and delivery of this First Amendment, all of the representations and warranties contained in each Loan Document to which such Obligor is a party are true and correct in all material respects as though made on and as of the First Amendment Effective Date (unless made as of a specific earlier date, in which case, was true as of such date); and (b) that after giving effect to this First Amendment and to the transactions contemplated hereby, no Defaults exist under the Loan Documents or will exist under the Loan Documents.