Common use of Representations and Warranties of Placement Agent Clause in Contracts

Representations and Warranties of Placement Agent. (a) Placement Agent is a broker-dealer registered with the SEC and FINRA; (b) there are no judgments, orders, decrees, or like actions, or any proceedings pending, before the SEC, FINRA, any State, or any court or arbitration panel that prohibit or affect it from carrying out its obligations under this Agreement; and (c) this Agreement has been duly authorized and approved by Placement Agent, does not contravene its organizational documents or any agreement or order to which it is a party, and is a legal and valid obligation binding on Placement Agent.