Common use of Operator’s Representations and Warranties Clause in Contracts

Operator’s Representations and Warranties. Operator represents and warrants to WCMRC, with the intentthat WCMRC will rely upon such representations and warranties in entering into this Agreement, that: (a) If the Operator is not a natural person, the Operator is duly formed and validly existing under the laws of the jurisdiction of its formation and has all necessary power, authority and capacity to enter into and carry out its obligations under this Agreement, and the execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement have been duly authorized by all necessary actions on the part of Operator; (b) Operator is not party to, bound or affected by or subject to any indenture, mortgage, lease, agreement, obligation, instrument, charter or by-law provision, statute, regulation, order, judgment, decree, license, permit or law which would be violated, contravened, breached by, or under which default would occur as a result of the execution and delivery of this Agreement, or the performance by Operator of any of its obligations provided under this Agreement; (c) this Agreement is a valid and binding obligation of Operator, enforceable against it in accordance with its terms subject, however, to limitations with respect to enforcement imposed by law in connection with bankruptcy or similar proceedings and to the extent that equitable remedies such as specific performance and injunction are in the discretion of the court from which they are sought; (d) Operator has the financial capability to pay the Membership Fees, as well as any WCMRC Fees and Taxes which may accrue in the course of carrying out Marine Spill Response Services under the terms of this Agreement.

Operator’s Representations and Warranties. Operator represents and warrants to WCMRC, with the intentthat intent that WCMRC will rely upon such representations and warranties in entering into this Agreement, that: (a) If the Operator is not a natural person, the Operator is duly formed and validly existing under the laws of the jurisdiction of its formation and has all necessary power, authority and capacity to enter into and carry out its obligations under this Agreement, and the execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement have been duly authorized by all necessary actions on the part of OperatorofOperator; (b) Operator is not party to, bound or affected by or subject to any indenture, mortgage, lease, agreement, obligation, instrument, charter or by-law provision, statute, regulation, order, judgment, decree, license, permit or law which would be violated, contravened, breached by, or under which default would occur as a result of the execution and delivery of this Agreement, or the performance by Operator of any of its obligations provided under this Agreement; (c) this Agreement is a valid and binding obligation of Operator, enforceable against it in accordance with its terms subject, however, to limitations with respect to enforcement imposed by law in connection with bankruptcy or similar proceedings and to the extent that equitable remedies such as specific performance and injunction are in the discretion of the court from which they are sought; (d) Operator has the financial capability to pay the Membership Fees, as well as any WCMRC Fees and Taxes which may accrue in the course of carrying out Marine Spill Response Services under the terms of this Agreement.