Common use of Representation of the Appraisal Company Clause in Contracts

Representation of the Appraisal Company. Pursuant to current legislation, the Appraisal Company represented: (i) that it does not directly or indirectly own any securities or derivatives that reference a security issued by the Parties; (ii) that it does not have a conflict of interest that would diminish the independence necessary for the performance of its duties; and (iii) that it was not given any type of limitation by either of the Parties, their controlling shareholders and/or administrators to its carrying out of the necessary work.