Representations and Warranties of Laureate. Laureate represents and warrants that the execution of this agreement has been duly authorized by resolution of its Board of Directors and that this agreement constitutes a valid and binding obligation of Laureate in accordance with its terms.
Representations and Warranties of Laureate. Investments and ------------------------------------------ Laureate Properties, jointly and severally represent, warrant, covenant and agree in favor of NHP, the NHP Subsidiaries and the Real Estate Partnerships (as the Real Estate Partnerships may exist after the Effective Time) as set forth in this Section 5.1. As used in this Section 5.1, the term "Laureate" includes all entities collectively so designated as well as such entity individually. Investments and Laureate Properties will be deemed to have made inquiry of all other entities included in the term "Laureate" as well as of the Shareholders and in making the representations and warranties set forth in this Section 5.1 will be deemed charged with the knowledge of such entities and individuals.
