Common use of Acknowledgement and Representation Clause in Contracts

Acknowledgement and Representation. 2.1 Each of the Coustas Entities acknowledges he or it has received and reviewed the Management Agreement. 2.2 Each of the Coustas Entities hereby represents and warrants that as of the date of this Agreement, collectively the Coustas Entities (a) own at least 80% of the capital stock of the Manager and (b) hold at least 80% of the voting power of the outstanding capital stock of the Manager considered for this purpose as a single class.

Appears in 6 contracts

Samples: Management Agreement (Danaos Corp), Restrictive Covenant Agreement (Danaos Corp), Management Agreement (Danaos Corp)

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