Common use of Internal Policies Clause in Contracts

Internal Policies. Each party will be deemed to represent to the other party (which representation will be deemed to be repeated for so long as it remains a party to any outstanding hereunder) that the terms and conditions of such Transaction comply with all policies, procedures, by-laws or management directives of such party whether in force by resolution or otherwise. For greater certainty, the other party has no responsibility whatsoever to confirm compliance by such party with respect to any such policy, procedure, by-law or management directive whether it has knowledge of same or not.

Internal Policies. Each party will be deemed to represent to the other party (on the date on which representation will be deemed to be repeated for so long as it remains enters into a party to any outstanding hereunder) Transaction that the terms and conditions of such Transaction comply with all policies, procedures, by-laws or management directives of such party whether in force by resolution or otherwise. For greater certainty, the other party has no responsibility whatsoever to confirm compliance by such party with respect to any such policy, procedure, by-law or management directive whether it has knowledge of same or not.