Common use of GENVEC Clause in Contracts

GENVEC. GenVec represents and warrants that: (i) it is a corporation ------ duly organized validly existing and in good standing under the laws of the State of Delaware; (ii) when executed and delivered, this Agreement will become valid and binding on GenVec, and enforceable against GenVec in accordance with its terms; (iii) the execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action on the part of GenVec, and (iv) as of the Effective Date, without conducting any inquiry, GenVec is not aware of threatened or pending actions, suits, investigations, claims or proceedings in any way relating to issued patents which GenVec necessarily must acquire license or other rights to in order to commercialize the Licensed Technology.

GENVEC. GenVec represents and warrants that: (i) it is a corporation ------ duly organized validly existing and in good standing under the laws of the State of Delaware; (ii) when executed and delivered, this Agreement will become valid and binding on GenVec, and enforceable against GenVec in accordance with its terms; (iii) the execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action on the part of GenVec, and (iv) as of the Effective Date, without conducting any inquiry, GenVec is not aware of threatened or pending actions, suits, investigations, claims or proceedings in any way relating to issued patents which GenVec necessarily must acquire license or other rights to in order to commercialize the Licensed Technology.