Representations and Warranties by Party B. Party B hereby represents and warrants to Party A as follows:
Representations and Warranties by Party B. 6.1 Party B is a limited liability company duly incorporated and validly existing under the PRC laws.
Representations and Warranties by Party B. In order to induce Party A to enter into this agreement, Party B represents and warrants to Party A as follows:
Representations and Warranties by Party B. 23.1. Party B covenants, warrants and represents that, as of the date hereof and as of the Closing except as provided in the Disclosure Schedule attached hereto as Schedule 23], and the bring down of these warranties and representations to be included in the CEO Certificate, that:
Representations and Warranties by Party B. On the date of execution hereof, and on each date of transfer, Party B hereby represents and warrants to Party A as follows:
Representations and Warranties by Party B. (1)Party B represents that it is a legal entity registered and validly existing under the laws of China, with full legal rights over its assets and the authority to conduct its business operations.
Representations and Warranties by Party B. Party B represents and warrants to Party A that from the effective date of this Agreement through the date of completion of transfer of all the Target Equity to Party A:
Representations and Warranties by Party B. 1） Party B warrants that it is a joint stock limited company established and validly existing under the laws of the PRC with due qualification as an entity to sign and execute the Agreement, and has obtained authorizations or approvals from the Board of Directors for the transfer of its investment; （2） Party B warrants that the subject equity interest to be transferred is legally owned by it, and it has duly performed its obligation as a shareholder to make contribution to the registered capital of the Company, for which there shall not be any pledge or other restrictive rights attached to the subject equity interest. It has also dispatched a notice of transfer of the subject equity interest to Germany MTU as per Clause 15.2 of the JV Contract and Clause 13.2 of MTU Articles, with which it is deemed to have completed its obligation of notifying the foreign shareholder of the JV Company. （3） Signing and execution of the Agreement will not: 1) lead to breach of relevant laws and regulations; 2) cause conflicts with its articles or similar documents of such nature; 3) lead to or constitute default under the other agreement or document to which it is a party or bond by it; （4） Party B has taken all appropriate and necessary actions to authorize signing and delivery of the Agreement and all the other agreements and documents as mentioned therein to which it is a party, and authorize execution and compliance with the terms and conditions of the Agreement and such agreements and documents. （5） Party B undertakes to be bond by the agreement on the arrangement for engine maintenance under the four-party agreement among Party A, Party B, JV Company and Germany MTU.
