Representations and warranties of Lending Body. The Lending Body represents and warrants that:
Representations and warranties of Lending Body. The Lending Body represents and warrants that: (validity of obligations): its obligations under the Transaction Documents to which it is a party are valid and binding and are enforceable against it in accordance with their terms, subject to any equitable principles and laws generally affecting creditors’ rights (including laws relating to bankruptcy, insolvency, liquidation, receivership, administration, reorganisation, reconstruction, fraudulent transfer or moratoria); and (arm’s length terms): it enters into the Transaction Documents to which it is a party in good faith and on terms that are reasonable in the circumstances, reflect market costs for the financial accommodation to be provided by the Lending Body to the Owner and are at arm’s length to each other party to any Transaction Document; and (disclosure of terms): true copies of the Partnership Agreement (including any amending documents) have been provided to the Owner and MCC and disclose all terms of the Partnership; and
Representations and warranties of Lending Body. The Lending Body represents and warrants that: (validity of obligations): its obligations under the Transaction Documents to which it is a party are valid and binding and are enforceable against it in accordance with their terms, subject to any equitable principles and laws generally affecting creditors’ rights (including laws relating to bankruptcy, insolvency, liquidation, receivership, administration, reorganisation, reconstruction, fraudulent transfer or moratoria); and (arm’s length terms): it enters into the Transaction Documents to which it is a party in good faith and on terms that are reasonable in the circumstances, reflect market costs for the financial accommodation to be provided by the Lending Body to the Owner and are at arm’s length to each other party to any Transaction Document; and (disclosure of terms): true copies of the Partnership Agreement (including any amending documents) have been provided to the Owner and [INSERT LOCAL GOVERNMENT ABBREVIATION] and disclose all terms of the Partnership; and
