Common use of CAPACITY TO SIGN AND OWNERSHIP OF CLAIMS Clause in Contracts

CAPACITY TO SIGN AND OWNERSHIP OF CLAIMS. Each of the parties to this Settlement Agreement represents and warrants that: (i) such party has the right and authority to execute this Settlement Agreement; (ii) such party owns the Claims Related to the Events which are compromised by this Settlement Agreement; (iii) no part of such Claims Related to the Events has been sold, assigned, transferred, conveyed, hypothecated, encumbered or otherwise disposed of in any way; and (iv) the consummation of the transactions contemplated by this Settlement Agreement does not require any consent of any third party, including regulators and lenders to the parties.

Appears in 4 contracts

Samples: Mutual Release and Confidentiality Agreement, Mutual Release and Confidentiality Agreement, Mutual Release and Confidentiality Agreement

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