Common use of Representations and Warranties by Party A Clause in Contracts

Representations and Warranties by Party A. O the date of execution of this Agreement, and on the date of transfer, Party A hereby makes the following representations and warranties to Party B: (1) Party A is a company legally registered and validly existing under the laws of China; (2) Party A executes and performs this Agreement in its corporate capacity and within its business scope, has taken necessary corporate action for appropriate authorization and obtain the consent and approval of the third party and government department, without any violation of the laws and contract restrictions having a binding on or affecting Party A; (3) Once executed, this Agreement constitutes Party A’s legal, valid and binding obligation, as enforced by Party A.