Representations and Warranties of Franchisee Sample Clauses
The "Representations and Warranties of Franchisee" clause requires the franchisee to formally declare certain facts about themselves and their business as true at the time of entering into the franchise agreement. This typically includes assurances regarding the franchisee’s legal authority to enter the agreement, the accuracy of information provided, and compliance with relevant laws and regulations. By including this clause, the franchisor is protected against misrepresentations or undisclosed issues that could affect the validity or performance of the agreement, thereby allocating risk and ensuring transparency between the parties.
Representations and Warranties of Franchisee. A. Franchisor entered into this Agreement in reliance upon the statements and information submitted to Franchisor by Franchisee in connection with this Agreement. Franchisee represents and warrants that all such statements and information submitted by Franchisee in connection with this Agreement, including, without limitation, all statements made and information given in connection with any application submitted by Franchisee, are true, correct and complete in all material respects. Franchisee agrees to promptly advise Franchisor of any material changes in the information or statements submitted.
B. Franchisee represents and warrants to Franchisor that neither Franchisee (including, without limitation, any and all of its directors and officers), nor any of its affiliates or the funding sources for either is a Specially Designated National or Blocked Person. Neither Franchisee nor any affiliate is directly or indirectly owned or controlled by the government of any country that is subject to an embargo by the United States government. Neither Franchisee nor any affiliate is acting on behalf of a government of any country that is subject to such an embargo. Franchisee further represents and warrants that it is in compliance with any applicable anti-money laundering law, including, without limitation, the USA Patriot Act. Franchisee agrees that it will notify Franchisor in writing immediately upon the occurrence of any event which would render the foregoing representations and warranties of this Paragraph XXIII.B. incorrect. For purposes of this Agreement, “Specially Designated National or Blocked Person” means (i) a person or entity designated by the U.S. Department of Treasury’s Office of Foreign Assets Control from time to time as a “specially designated national or blocked person” or similar status, (ii) a person or entity described in Section 1 of U.S. Executive Order 13224, issued on September 23, 2001, or (iii) a person or entity otherwise identified by government or legal authority as a person with whom Franchisor, or any of the other Marriott Companies or any of their affiliates, are prohibited from transacting business. As of the Effective Date, a list of such designations and the text of the Executive Order are published under the internet website address ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇/▇▇▇▇▇▇▇▇▇▇▇/▇▇▇▇.
Representations and Warranties of Franchisee. A. Franchisor entered into this Agreement in reliance upon the written statements and information submitted to Franchisor by Franchisee in connection with this Agreement. Franchisee represents and warrants that all such statements and information submitted by Franchisee in connection with this Agreement, including, without limitation, all statements made and information given in connection with any application submitted by Franchisee, are true, correct and complete in all material respects. Franchisee agrees to promptly advise Franchisor of any material changes in the information or statements submitted.
Representations and Warranties of Franchisee. Franchisee represents and warrants to Franchisor that:
(a) Franchisee is a corporation duly organized, validly existing and in good standing under the laws of the State of [Insert];
Representations and Warranties of Franchisee. The FRANCHISEE, by acceptance of this AGREEMENT, represents and warrants the conditions presented in the Article 40.
Representations and Warranties of Franchisee. A. Franchisor entered into this Agreement in reliance upon the statements and information submitted to Franchisor by Franchisee in connection with this Agreement. Franchisee represents and warrants that all such statements and information submitted by Franchisee in connection with this Agreement, including, without limitation, all statements made and information given in connection with any application submitted by Franchisee, are true, correct and complete in all material respects. Franchisee agrees to promptly advise Franchisor of any material changes in the information or statements submitted.
B. Franchisee represents and warrants to Franchisor that neither Franchisee (including, without limitation, any and all of its directors and officers), nor any of its affiliates or the funding sources for either is a Specially Designated National or Blocked Person. Neither Franchisee nor any affiliate is directly or indirectly owned or controlled by the government of any country that is subject to an embargo by the United States government. Neither Franchisee nor any affiliate is acting on behalf of a government of any country that is subject to such an embargo. Franchisee further represents and
Representations and Warranties of Franchisee. Franchisee, by acceptance of this Franchise, represents and warrants that:
Representations and Warranties of Franchisee. Franchisee represents and warrants to Franchisor that:
(a) Franchisee is a corporation duly organized, validly existing and in good standing under the laws of the State of [Insert];
(b) Franchisee's execution and delivery of this Agreement, and Franchisee's performance of its obligations under this Agreement, have been duly authorized by all necessary corporate action;
(c) this Agreement is the legal, valid, and binding obligation of Franchisee, enforceable in accordance with its terms; and
(d) Franchisee has reviewed carefully and acknowledges and accepts Article 28 of the Included Provisions.
Representations and Warranties of Franchisee