Common use of Authority of the Parties Clause in Contracts

Authority of the Parties. 2.1. The Parties have obtained all necessary approvals, permits or power of attorney for the purpose of execution/signing and executing the Agreement. 2.2. The Customer represents that his/her actions are/will not be intended to cheat the Bank. Taking into account this principle, for the purpose of execution and/or enforcement of the Agreement the document and/or information submitted by him/her to the Bank, at the moment of submission, is/will be true, correct and complete. Also, he/she is aware that submission of false documents and/or information represents the punishable offence according to the Legislation.

Appears in 7 contracts

Samples: Stand by Letter of Credit Agreement, Stand by Letter of Credit Agreement, Stand by Letter of Credit Agreement

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