Common use of Exchanger's Representations and Warranties Clause in Contracts

Exchanger's Representations and Warranties. the Exchanger hereby represents and warrants to the Exchangee that: (a) the Exchanger is the beneficial owner of the Exchanged Shares free of all liens, charges, security interests, adverse claims, pledges and other encumbrances whatsoever; (b) no person, firm or corporation other than under this agreement has any agreement or option or right capable of becoming an agreement or option for the purchase from the Exchanger of the Exchanged Shares; and