Each Party hereby represents and warrants to the other Parties upon entering into this Contract as follows:
a) it is an Entity duly organised, validly existing and in good standing under the laws of its jurisdiction of incorporation or organisation;
b) the signing and the entering by it into of the Contract, any Additional Agreement, Specification or Annex to which it is a party and each Additional Agreement, Specification or Annex and the carrying out of the transactions contemplated therein, shall not violate any provision of its constitutional documents;
c) it has the power and is authorised to execute, deliver and perform its obligations under the the Contract, any Additional Agreement, Specification or Annex to which it is a party and has taken all necessary action to authorise that execution, delivery, performance and its entry into the Contract and its execution, delivery and the performance of the the Contract, any Additional Agreement, Specification or Annex to do not violate or conflict with any other term or condition of any contract to which it is a party or any constitutional document, rule, law or regulation applicable to it;
d) it has all governmental and regulatory authorisations, approvals and consents necessary for it to legally perform its obligations under the the Contract, any Additional Agreement, Specification or Annex to which it is party;
e) it has negotiated, entered into and executed the the Contract, any Additional Agreement, Specification or Annex to which it is a party as principal (and not as agent or in any other capacity, fiduciary or otherwise);
f) it is acting for its own account (and not as advisor, agent, broker or in any other capacity, fiduciary or otherwise), has made its own independent decision to enter into this the Contract, any Additional Agreement, Specification or Annex and the Contract and each Additional agreement, Specification or Annex is appropriate or proper for it based upon its own judgement, is not relying upon the advice or recommendations of the other Party in so doing, and is capable of assessing the merits of, and understands and accepts, the terms, conditions and risks of the Contract;
g) the other Party is not acting as its fiduciary or adviser;
h) with respect to a Party, it is not insolvent, and there are no pending or threatened legal or administrative proceedings to which it is a party which to the best of its knowledge would materially adversely affect its ability to perform the Contract, any Additional agreement, Specification or Annex to which it is party, such that it could become insolvent.
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