Common use of Representations and Warranties of the Manager Clause in Contracts

Representations and Warranties of the Manager. The Manager represents and warrants that as of the Effective Date and the first day of each Extension: (a) It is duly formed, validly existing and in good standing under the Laws of the state of its formation; (b) This Agreement constitutes a legal, valid and binding obligation enforceable against it in accordance with its terms, except as enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting the rights of creditors generally and (ii) general principles of equity; and (c) The execution, delivery and performance of this Agreement have been duly authorized by all requisite action and do not and will not conflict with or result in the violation of: (i) any provisions of its organizational documents, (ii) any Law to which it is subject or (iii) any material agreement or instrument to which it is a party or by which it, its property or its assets are bound or affected.