Common use of Representations and Warranties of the Escrow Agent Clause in Contracts

Representations and Warranties of the Escrow Agent. The Escrow Agent covenants and hereby represents and warrants to the Company and the Underwriter as of the Reservation Acceptance of each Offering that it is a duly organized and validly existing “bank” as defined under Exchange Act Section 3(a)(6) and as required under Exchange Act Rule 15c2-4.