Common use of Statements and Warranties Clause in Contracts

Statements and Warranties. 4.1 A Party hereby states and warrants to the other Parties as below: (1) the said Party is a company or partnership established and effectively subsisting under the laws of the place of establishment; (2) the said Party has the full power and authority to conclude and submit the Agreement and fulfill obligations hereunder; (3) once concluded, the Agreement will constitute obligations lawful, effective and binding upon the said Party; (4) the conclusion and submission of the Agreement and fulfillment of obligations hereunder by the said Party will not breach any applicable law, violate any agreement or contract binding upon the said Party, or make any third party entitled to terminate or revoke any such agreement or contract; and (5) the said party does not fall into any litigation, arbitration, government investigation or legal proceedings which may influence the legitimacy, effectiveness or enforceability of the Agreement, or the completion of the Share Transfer. 4.2 The Seller further states and warrants to the Buyer: (1) the Seller is the legal and registered shareholder of the Target Shares, over which there is no encumbrance; and (2) the Seller will, after the conclusion of the Agreement, coordinate with the Buyer in completing all government registration and record-filing affairs relating to the Share Transfer as soon as possible.

Statements and Warranties. 4.1 A Party hereby states and warrants to the other Parties as below: (1) the said Party is a company or partnership established and effectively subsisting under the laws of the place of establishment; (2) the said Party has the full power and authority to conclude and submit the Agreement and fulfill obligations hereunder; (3) once concluded, the Agreement will constitute obligations lawful, effective and binding upon the said Party; (4) the conclusion and submission of the Agreement and fulfillment of obligations hereunder by the said Party will not breach any applicable law, violate any agreement or contract binding upon the said Party, or make any third party entitled to terminate or revoke any such agreement or contract; and (5) the said party does not fall into any litigation, arbitration, government investigation or legal proceedings which may influence the legitimacy, effectiveness or enforceability of the Agreement, or the completion of the Share Transfer. 4.2 The Seller further states and warrants to the Buyer: (1) as at the Signing Date of the Agreement, the Seller is the legal and registered shareholder of the Target Shares, over which there is no encumbrance; and (2) the Seller will, after the conclusion of the Agreement, coordinate with the Buyer in completing all government registration and record-filing affairs relating to the Share Transfer as soon as possible.

Statements and Warranties. 4.1 A Party hereby states and warrants to the other Parties as below: (1) the said Party is a company or partnership established and effectively subsisting under the laws of the place of establishment; (2) the said Party has the full power and authority to conclude and submit the Agreement and fulfill obligations hereunder; (3) once concluded, the Agreement will constitute obligations lawful, effective and binding upon the said Party; (4) the conclusion and submission of the Agreement and fulfillment of obligations hereunder by the said Party will not breach any applicable law, violate any agreement or contract binding upon the said Party, or make any third party entitled to terminate or revoke any such agreement or contract; and (5) the said party does not fall into any litigation, arbitration, government investigation or legal proceedings which may influence the legitimacy, effectiveness or enforceability of the Agreement, or the completion of the Share Transfer. 4.2 The Seller further states and warrants to the Buyer: (1) the Seller is the legal and registered shareholder of the Target Shares, over which there is no encumbrance; and; (2) the Seller will, after the conclusion of the Agreement, coordinate with the Buyer in completing all government registration and record-filing affairs relating to the Share Transfer as soon as possible.