Common use of University’s Representations and Warranties Clause in Contracts

University’s Representations and Warranties. With respect to each Financing Agreement and its Short-Term Assets, University hereby represents and warrants to Bank that: (a) University has full power, authority and legal right to execute and deliver the Financing Agreement and to perform its obligations under the Financing Agreement, and all such actions have been duly authorized by appropriate findings and actions of University's governing body; (b) the Financing Agreement has been duly executed and delivered by University and constitutes a legal, valid and binding obligation of University, enforceable in accordance with its terms;