Representations and Warranties of the Company Clause Example from Business Contracts

Representations and Warranties of the Company. The Company hereby represents and warrants to the Clay Family Holders as follows: (a) Authority. The Company has all necessary power and authority to enter into, and be bound by the terms of, this Letter Agreement, and the execution, delivery and performance of the undertakings contemplated by this Letter Agreement have been duly authorized by the Company. (b) Enforceability. This Letter Agreement, when executed and delivered by the Company in accordance with the provisions hereof, shall be a le...gal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the enforcement of creditors' rights generally. View More