Representations and Warranties of GTS And Merger Subsidiary Sample Clauses
Representations and Warranties of GTS And Merger Subsidiary. In order to induce CCI and the Stockholder to enter into this Agreement and to consummate the transactions contemplated under this Agreement, GTS and Merger Subsidiary, jointly and severally, hereby make the following representations and warranties each of which is relied upon by CCI and the Stockholder regardless of any other action, omission to act, investigation made or information obtained by CCI or the Stockholder:
Representations and Warranties of GTS And Merger Subsidiary. In order to induce CCI and the Stockholder to enter into this Agreement and to consummate the transactions contemplated under this Agreement, GTS and Merger Subsidiary, jointly and severally, hereby make the following representations and warranties each of which is relied upon by CCI and the Stockholder regardless of any other action, omission to act, investigation made or information obtained by CCI or the Stockholder:
Section 5.1 Organization, Power and Authority. GTS and Merger Subsidiary are corporations duly organized and validly existing under the laws of the States of Delaware and New Jersey, respectively, with full corporate power and authority to enter into this Agreement and perform their obligations under this Agreement. GTS is duly qualified as a foreign corporation and is in good standing under the laws of each jurisdiction in which the conduct of its business or the ownership of its assets requires such qualification, except where the failure to so qualify would not result in a material adverse effect on GTS or its business.