Common use of Power and Authority of Recipient Clause in Contracts

Power and Authority of Recipient. Where the Recipient is not an individual, the Recipient represents and warrants that it is duly incorporated, validly existing, in good standing, and has the power and authority to carry on its business, to hold property and to enter into this Agreement. The Recipient undertakes to initiate all the necessary actions required to remain in good standing and to preserve its legal capacity.

Power and Authority of Recipient. Where the Recipient is not an individual, the The Recipient represents and warrants that it is duly incorporated, incorporated and validly existing, existing and in good standing, standing and has the power and authority to carry on its business, to hold property and to enter into this Agreement. The Recipient Agreement and undertakes to initiate take all the necessary actions required action to remain maintain itself in good standing and to preserve its legal capacity.