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

Warranties and Representations of the Parties. 9.1. The Parties confirm and guarantee that: – they have all the necessary corporate permits and licenses/ authorizations/approvals to enter into this Agreement, obtained in compliance with the procedures for license/authorization/approval and the statutory competence of the bodies, and also have all the rights and powers to conclude it without the need to obtain any additional licenses/authorizations/approvals, as well as they have obtained all the necessary permissions from authorized/competent bodies/organizations; – they are duly registered and have the right to carry out commercial activities in accordance with the governing legislation; – they are registered as taxpayers, have a positive business reputation in the market, their financial position is stable and their assets are sufficient for the proper fulfillment of obligations under this Agreement; – they are not in the process of liquidation, are not a party to criminal or administrative proceedings that prevent to enter into this Agreement; – there are no prohibitions, liens, encumbrances, and/or rights of third parties that prevent the proper fulfillment of this Agreement; – this Agreement has been signed by persons authorized to sign it in accordance with the constituent documents; there are no grounds for recognizing this Agreement as invalid due to lack of authority; – this Agreement is not faked/false and the terms and conditions of this Agreement comply with its actual economic content. 9.2. Pursuant to the understanding, the Parties shall be entitled to request and provide each other (at the request of either Party) duly certified or scanned copies of the certificate of state registration, confirmation of authority to sign this Agreement, licenses, certificates, and other permits, if required for the proper fulfillment of this Agreement. 9.3. The Parties confirm that the warranties and representations set out in this clause are valid. Violation of these may result in liability in accordance with the established procedure. 9.4. The Parties shall guarantee not to interfere in any activity of the other Party, to make demands related to interference in the activity of the other Party, as well as to prohibit the other Party from carrying out entrepreneurial activity.

Warranties and Representations of the Parties. 9.118.1. The Parties confirm and guarantee that: – − they have all the necessary corporate permits and licenses/ authorizationspermissions/approvals to enter into approvals/agreements for the conclusion of this Agreement, obtained in compliance with the procedures for licensepermission/authorizationapproval/approval agreement and the statutory competence of the bodies, and also have all the rights and powers to conclude it without the need to obtain any additional licenses/authorizationspermissions/approvals/agreements, as well as and they have also obtained all the necessary permissions from authorized/competent bodies/organizations; – they − are duly registered and have the right to carry out commercial activities in accordance with the governing legislation; – they − are registered as taxpayers, have a positive business reputation in the market, their financial position is stable and their assets are sufficient for the proper fulfillment of their obligations under this Agreement; – they − are not in the process of liquidation, are not a party to criminal or administrative proceedings that prevent to enter into the conclusion of this Agreement; – − there are no prohibitions, liens, encumbrances, and/or rights of third parties that prevent the proper fulfillment of this Agreement; – − this Agreement has been signed by persons authorized to sign it in accordance with the constituent documents; , there are no grounds for recognizing this Agreement as invalid due to lack of authority; – − this Agreement is not fakedfictitious/false sham and the terms and conditions of this Agreement comply with correspond to its actual economic content. 9.218.2. Pursuant to Based on the understandingagreement, the Parties shall be entitled have the right to request and shall provide each other (at the request of either Party) duly certified or scanned copies of the certificate of state registrationregistration certificate, confirmation of authority to sign this Agreement, licenses, certificates, and other permits, if such are required for the proper fulfillment execution of this Agreement. 9.318.3. The Parties confirm that the warranties guarantees and representations set out forth in this clause chapter are valid. Violation of these them may result in entail liability in accordance with the established procedure. 9.418.4. The Parties shall guarantee not to interfere in with any activity of the other Party, to make put forward demands related to interference in the activity of the other Party, as well as and to prohibit the other Party from carrying out entrepreneurial business activity.