Common use of Due Organization, Valid Existence and Due Authorization Clause in Contracts

Due Organization, Valid Existence and Due Authorization. Each of Aphton and CLL hereby represents and warrants to the other party that on the date hereof (a) such party is duly incorporated and validly existing and/or registered as applicable under the laws of the relevant jurisdiction and (b) has the full power and authority (i) to own and operate its properties and to conduct its business as described in its articles of association and (ii) to execute, deliver and perform this Agreement.

Due Organization, Valid Existence and Due Authorization. Each of Aphton and CLL SB hereby represents and warrants to the other party that on the date hereof (a) such party is duly incorporated and validly existing and/or registered as applicable under the laws of the relevant jurisdiction and (b) has the full power and authority (i) to own and operate its properties and to conduct its business as described in its articles of association and (ii) to execute, deliver and perform this Agreement.