Representations and Warranties as to Class E Preferred Stock. In the case of the initial deposit of the Class E Preferred Stock hereunder, the Company and, in the case of subsequent deposits thereof, each person so depositing Class E Preferred Stock under this Deposit Agreement shall be deemed thereby to represent and warrant that such Class E Preferred Stock and each certificate therefor are valid and that the person making such deposit is duly authorized to do so. The Company hereby further represents and warrants that such Class E Preferred Stock, when issued, will be validly issued, fully paid and nonassessable. Such representations and warranties shall survive the deposit of the Class E Preferred Stock and the issuance of Receipts.
