Common use of Customer Representations and Warranties Clause in Contracts

Customer Representations and Warranties. Customer represents and warrants to IBM that as of the date it enters into this Agreement and as of each Commencement Date under this Agreement: a. it has obtained the necessary internal and external approvals, consents and authorizations to enable it to enter into this Agreement; b. the Customer’s signatories to this Agreement have the authority to bind the Customer and do so by its signature; c. this Agreement is a legally valid and binding obligation of Customer, enforceable in accordance with its terms; d. all representations made, and any information supplied to IBM (including those related to its financial status, and each Product, including the prices thereof) are true, accurate and complete; e. its sole purpose in requesting funds directly from IBM is for the reimbursement of its acquisition of Financed Product; f. there exists no material default as to any other agreement to which Customer is a party, and no potential liability of Customer, legal or otherwise, that might impair its ability to comply with this Agreement; g. Customer has selected each Product listed in the Schedule and accepts responsibility for its use and the results obtained therefrom.

Appears in 7 contracts

Samples: Master Loan Agreement, Master Loan Agreement, Master Loan Agreement

AutoNDA by SimpleDocs

Customer Representations and Warranties. Customer represents and warrants to IBM IGF that as of the date it enters into this Agreement and as of each Commencement Date under this Agreement: a. it has obtained the necessary internal and external approvals, consents and authorizations to enable it to enter into this Agreement; b. the Customer’s signatories to this Agreement have the authority to bind the Customer and do so by its signature; c. this Agreement is a legally valid and binding obligation of Customer, enforceable in accordance with its terms; d. all representations made, and any information supplied to IBM IGF (including those related to its financial status, and each Product, including the prices thereof) are true, accurate and complete; e. its sole purpose in requesting funds directly from IBM IGF is for the reimbursement of its acquisition of Financed Product; f. there exists no material default as to any other agreement to which Customer is a party, and no potential liability of Customer, legal or otherwise, that might impair its ability to comply with this Agreement; g. Customer has selected each Product listed in the Schedule and accepts responsibility for its use and the results obtained therefrom.

Appears in 6 contracts

Samples: Master Loan Agreement, Master Loan Agreement, Master Loan Agreement

AutoNDA by SimpleDocs

Customer Representations and Warranties. Customer represents and warrants to IBM that as of the date it enters into this Agreement and as of each Commencement Date under this Agreement: a. it has obtained the necessary internal and external approvals, consents and authorizations to enable it to enter into this Agreement; b. the Customer’s signatories to this Agreement and any subsequent COA have the authority to bind the Customer and do so by its signature; c. this Agreement is a legally valid and binding obligation of Customer, enforceable in accordance with its terms; d. all representations made, and any information supplied to IBM (including those related to its financial status, and each Product, including the prices thereof) are true, accurate and complete; e. its sole purpose in requesting funds directly from IBM is for the reimbursement of its acquisition of Financed Product; f. there exists no material default as to any other agreement to which Customer is a party, and no potential liability of Customer, legal or otherwise, that might impair its ability to comply with this Agreement; g. Customer has selected each Product listed in the Schedule and accepts responsibility for its use and the results obtained therefrom.

Appears in 1 contract

Samples: Master Loan Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!