Representation and Guarantee. 1. The mortgager makes following representations and guarantee to the mortgagee: (1) The mortgager is an independent legal body that is of essential right abilities and can fulfill duties under the contract with its own name and bear civil responsibilities independently. (2) The mortgager has right to sign the contract and has finished all the authority and approval for entering into the contract and fulfilling its duties under the contract. All the clauses are the expressions of true intention and interest, which restrict the mortgager legally. (3) The mortgager promises to observe laws and principles. The signing and carrying out of the contract should not violate the laws (laws here refers to laws and regulations, rules, local laws and regulations, judicial interpretation), regulations, documents from administrative civil rights administration, judgment, adjudication. At the same time, it should not violate any contract singed by or any responsibilities shouldered by the mortgager.
Appears in 6 contracts
Samples: Maximum Mortgage Contract of Movables (Toda International Holdings Inc.), Maximum Real Estate Mortgage Contracts (Toda International Holdings Inc.), Maximum Mortgage Contract of Movables (Toda International Holdings Inc.)
