Representation and Warranty Clause Example from Business Contracts

Representation and Warranty. Each party hereto hereby represents and warrants to the the other (before and after giving effect to this Amendment) that: (a) It has the corporate power and authority, and the legal right, to execute, deliver and perform this Amendment. (b) It has taken all necessary corporate action to authorize the execution, delivery and performance of this Amendment. (c) This Amendment constitutes the legal, valid and binding obligations of each party and is enforceable against each party in accordance with... their terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). (d) Each of the representations and warranties made by each party hereto is true and correct on the date hereof and as of the Effective Date as if made on and as of such date (except that any representation or warranty which by its terms is made as of an earlier date shall be true and correct as of such earlier date). (e) No Default or Event of Default has occurred and is continuing, or will result from this Amendment. View More