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

Participant’s Representations and Warranties. Participant hereby represents and warrants to Lender that the execution, delivery and performance of this Agreement by Participant (a) has been duly authorized or ratified effective as of the date of execution by all necessary corporate action on the part of Participant; (b) does not and will not contravene the laws of the state of its incorporation providing for the organization and governing of Participant; (c) does not and will not conflict with, or result in a violation of, any applicable laws; and (d) does not and will not require any consent or approval of any creditor or constitute a violation of or default under any agreement or instrument to which Participant is a party or whereby any of its property may be bound.

Participant’s Representations and Warranties. Participant hereby represents and warrants to Lender that the execution, delivery and performance of this Agreement by Participant (ai) has been duly authorized or ratified effective as of the date of execution by all necessary corporate action on the part of Participant; (bii) does not and will not contravene the laws of the state of its incorporation providing for the organization and governing of Participant; (ciii) does not and will not conflict with, or result in a violation of, any applicable laws; and (div) does not and will not require any consent or approval of any creditor or constitute a violation of or default under any agreement or instrument to which Participant is a party or whereby any of its property may be bound.