Capacity of Participants. Each of the Participants represents and warrants as follows:
Capacity of Participants. Each of the parties hereto represents and warrants as follows:
Capacity of Participants. Lessee and Lessor, each for itself -------------------------- represent and warrant as follows:
Capacity of Participants. Each Participant represents and warrants to the other Participant as follows: (i) it is a corporation duly incorporated, qualified to transact business, and in good standing under the Laws of its jurisdiction and in the USA (ii) it has the full right, power and capacity to enter into and perform this Agreement and all transactions contemplated herein, and all corporate, board of directors and other actions required to authorize it to enter into and perform this Agreement have been properly taken; (iii) it will not breach any other agreement or arrangement by entering into or performing this Agreement, and this Agreement has been duly executed and delivered by it and is valid and binding upon it in accordance with its terms; and (iv) it has relied solely on its own appraisals and estimates as to the potential of the Properties, and upon its own geologic, engineering and other interpretations related thereto.
Capacity of Participants. Each of the Participants represents and warrants as follows: That it is a corporation duly incorporated and in good standing in its state of incorporation and that it is qualified to do business and is in good standing in those states where necessary in order to carry out the purposes of this Agreement; That it has the capacity to enter into and perform this Agreement and all transactions contemplated herein and that all corporate and other actions required to authorize it to enter into and perform this Agreement have been properly taken; That it will not breach any other agreement or arrangement by entering into or performing this Agreement; That this Agreement has been duly executed and delivered by it and is valid and binding upon it in accordance with its terms; and That no consent or approval of any third party or governmental agency is required (i) for the execution and delivery of or the performance of its financial obligations under this Agreement, or (ii) for the performance of all its other obligations under this Agreement, except for such consents or approvals as have been obtained and evidence thereof delivered to the other Participant, and except for such consents or approvals which, while necessary for Operations, are not presently necessary and which it reasonably expects will be acquired in a timely fashion.
Capacity of Participants. Each of the Participants represents and warrants as of the Effective Date as follows:
Capacity of Participants. (a) FGMI hereby represents and warrants as follows:
Capacity of Participants. 4 2.2. REPRESENTATIONS AND WARRANTIES RELATING TO PROPERTY...................................................5 2.3. REMEDIES FOR BREACH OF REPRESENTATIONS AND WARRANTIES OF TITLE TO THE PROPERTIES......................6 2.4. DISCLOSURES...........................................................................................7 2.5.
Capacity of Participants. 5 2.2 Indemnifications . . . . . . . . . . . . . . . . . . . . . . . 6 2.3
Capacity of Participants. 2.1 Each Participant represents and warrants to the other Participant as follows: it is a corporation duly incorporated, qualified to transact business, and in good standing under the laws of its jurisdiction and in Saskatchewan; it has the capacity to enter into and perform this Agreement and all transactions contemplated herein, and all corporate, board of directors and other actions required to authorize it to enter into and perform this Agreement have been properly taken; and it will not breach any other agreement or arrangement by entering into or performing this Agreement, and this Agreement has been duly executed and delivered by it and is valid and binding upon it in accordance with its terms.
