Common use of Power and Authority of Proponent Clause in Contracts

Power and Authority of Proponent. The Proponent represents and warrants that it is duly incorporated and validly existing and in good standing and has the power and authority to carry on its business, to hold property and to enter into this Agreement and undertakes to take all necessary action to maintain itself in good standing and to preserve its legal capacity.

Power and Authority of Proponent. The Proponent represents and warrants that it is duly incorporated and validly existing and in good standing and has the power and authority to carry on its business, to hold property and to enter into this Agreement and undertakes to take all necessary action to maintain itself in good standing and to preserve its legal capacity.. 6.2 Authorized Signatories Each party represents and warrants that the signatories to the Agreement have been duly authorized to execute and deliver the Agreement. 6.3