Eldorado’s Representations Clause Samples
The "Eldorado’s Representations" clause sets out the specific statements and assurances that Eldorado makes regarding its authority, capacity, and the accuracy of information provided in the agreement. Typically, this clause will detail that Eldorado is duly organized, has the legal power to enter into the contract, and that all disclosures or documents it has provided are true and complete. Its core practical function is to allocate risk by ensuring that the other party can rely on Eldorado’s statements, and to provide a basis for remedies if any of these representations are later found to be false or misleading.
Eldorado’s Representations. Eldorado represents and warrants to Buyer, as of the Effective Date and as of the Closing Date (provided that the representations and warranties made with respect to Seller and its Affiliates shall be made only as of the Closing Date after consummation of the Closing (as defined in the Merger Agreement)) as set forth below, as follows: