Common use of Jersey Representations Clause in Contracts

Jersey Representations. In relation to each Obligor incorporated in Jersey: (a) all returns, resolutions and documents required by any legislation to be filed with the Jersey Registrar of Companies or the Jersey Financial Services Commission in respect of the Obligor have been duly prepared, kept and filed (within all applicable time limits) and are correct; (b) it is exempt from any requirement to hold a business licence under the Control of Housing and Work (Jersey) Law 2012; (c) it does not conduct any unauthorised "financial service business" (as defined in the Financial Services (Jersey) Law 1998); (d) it is not in breach of any approvals, authorisations, consents, licences, permits or registrations issued to it by any regulatory or governmental authority in Jersey and will not be in breach of the same as a result of entering into any of the Finance Documents; (e) it is and will remain an "international services entity" (within the meaning of the Goods and Services Tax (Jersey) Law 2007); (f) it is charged to income tax in Jersey at a rate of zero per cent. under the Income Tax (Jersey) Law 1961; Loan Note Subscription Agreement | DLA Piper | 74 (g) it has not owned and does not own land in Jersey; and (h) it is and will remain a company that is complying in full with its obligations to disclose beneficial owner information to the Jersey Financial Services Commission under the Financial Services (Disclosure and Provision of Information)(Jersey) Law 2020.

Jersey Representations. In relation to each Obligor incorporated in Jersey: (a) all returns, resolutions and documents required by any legislation to be filed with the Jersey Registrar of Companies or the Jersey Financial Services Commission in respect of the Obligor have been duly prepared, kept and filed (within all applicable time limits) and are correct; (b) it is exempt from any requirement to hold a business licence under the Control of Housing and Work (Jersey) Law 2012; (c) it does not conduct any unauthorised "financial service business" (as defined in the Financial Services (Jersey) Law 1998); (d) it is not in breach of any approvals, authorisations, consents, licences, permits or registrations issued to it by any regulatory or governmental authority in Jersey and will not be in breach of the same as a result of entering into any of the Finance Documents; (e) it is and will remain an "international services entity" (within the meaning of the Goods and Services Tax (Jersey) Law 2007); (f) it is charged to income tax in Jersey at a rate of zero per cent. under the Income Tax (Jersey) Law 1961; Loan Note Subscription Agreement | DLA Piper | 74; (g) it has not owned and does not own land in Jersey; and (h) it is and will remain a company that is complying in full with its obligations to disclose beneficial owner information to the Jersey Financial Services Commission under the Financial Services (Disclosure and Provision of Information)(Jersey) Law 2020.