Representations Warranties and Covenants of the Parties. Each party represents, warrants and covenants that as of the date of this Agreement it: a. Is not bound by any agreement or arrangement that would preclude it from entering into this Agreement. b. Has the requisite power and authority to enter into and perform this Agreement and the execution, delivery, and performance of this Agreement has been duly authorized by all necessary action. c. Will comply with all obligations under this Agreement and will take all action necessary to assure that its representations, warranties, and/or covenants in this Agreement are true and correct at all times. Each party will promptly notify the other in the event of any breach of such representations, warranties, and/or covenants.
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Sources: Accounting Services Agreement (Vestin Realty Mortgage II, Inc), Accounting Services Agreement (Vestin Fund Iii LLC), Accounting Services Agreement (Vestin Realty Mortgage II, Inc)
Representations Warranties and Covenants of the Parties. Each party represents, warrants and covenants that as of the date of this Agreement it:
a. Is not bound by any agreement or arrangement that arrangement, which would preclude it from entering into this Agreement.
b. Has the requisite power and authority to enter into and perform this Agreement and the execution, delivery, and performance of this Agreement has been duly authorized by all necessary action.
c. Will comply with all obligations under this Agreement and will take all action necessary to assure that its representations, warranties, and/or covenants in this Agreement are true and correct at all times. Each party will promptly notify the other in the event of any breach of such representations, warranties, and/or covenants.
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