Declaration Provisions Sample Clauses
Declaration Provisions are clauses that require parties to formally state or affirm certain facts, conditions, or understandings within a contract. These provisions typically obligate one or more parties to confirm the truthfulness of specific information, such as their authority to enter into the agreement, the accuracy of representations, or compliance with relevant laws. By including Declaration Provisions, contracts ensure that all parties are on record regarding key facts, thereby reducing the risk of misunderstandings or disputes over foundational matters.
Declaration Provisions. (1) Party A fully informed the Party B’s scope of business and the scope of the authority.
(2) Party A has read all the terms of this agreement. At the request of Party A, Party B has made corresponding item descriptions to this agreement. Party A has got full informed and understood of the meaning or content of the article and its legal consequence.
(3) The signature and performance of any obligation by Party A to this contract is coincidence with the rules of laws, regulations and rules of constitution or interior organizing document of Party A and approval of allied company internal entitled institution and government entitled agency.
Declaration Provisions. 16.1 In signing and exercising the Contract, both parties have been approved by law or have been given the approval by the competent decision-maker stipulated in their respective articles of corporation or by government supervision department, and obtained the necessary, sufficient and legal authorization.
16.2 In signing the Contract, the parties expressed their true intentions, the signatures and seals were genuine, the signing representatives are authorized, and the Contract has legally binding on both parties.
16.3 Party B has the right to own its whole property, and all the documentation it produced to Party A is true, legal and effective, and contains neither mistake nor omission of facts which disagrees with the truth.
16.4 Party B has read all the content of the Contract. As requested by Party B, Party A has made relevant explanation on the terms and conditions of the Contract. Party B has got a full knowledge and understanding of the significations and legal consequences of the stipulations of the Contract.
16.5 Party A is a legally established bank, and is qualified to operate the business under the Contract.
Declaration Provisions. 12.1 The Borrower fully informed the Lender’s scope of business and the scope of the authority.
12.2 The Borrower has known the terms of this agreement. At the request of the Borrower, the Lender has made corresponding item descriptions to this agreement. The Borrower has got full informed and understood of the meaning or content of the article and its legal consequence.
12.3 The signature and performance of any obligation by the Borrower to this contract is coincidence with the rules of laws, regulations and rules of constitution or interior organizing document of the Borrower and approval of allied company internal entitled institution and government entitled agency.
Declaration Provisions. 16.1 In signing and exercising the Contract, both parties have been approved by law or have been given the approval by the competent decision-maker stipulated in their respective articles of corporation or by government supervision department, and obtained the necessary, sufficient and legal authorization.