Declarations by the parties a. The parties hereby declare that this Agreement is being entered into subject to the provisions of the Budget Control Regulations of the Association (hereinafter – "the Budget Regulations"), and subject to all the remaining statutes and regulations of the Association.
Declarations by the parties. The Parties declare - each with regard to itself alone - that they have investigated the legal and tax situation in connection with this Agreement and the transaction and that subject to the fulfillment of the conditions precedent set forth in section 8 below, there is no restriction, and/or prohibition and/or impediment under the provisions of any agreement whatsoever, whether written or oral, and/or an impediment under any law for their purposes to their engagement herein and to the performance of their obligations under the provisions hereof, and that their engagement herein and the performance thereof (subject to the fulfillment of all the conditions precedent set forth in section 8 below) by them does not and shall not constitute a breach of any obligation whatsoever of any of them, as the case may be.
Declarations by the parties. 3.1 Each of the parties relies, at the time of its engagement in this Agreement, on the representations made by the other party in this Section 3.
