Common use of Representations and warranties of Railways Clause in Contracts

Representations and warranties of Railways. Railways represent and warrants to the Solar Power Developer that: (a) it has full power and authority to execute, deliver and perform its obligations under this Agreement and to carry out the transactions contemplated herein and that it has taken all actions necessary to execute this Agreement, exercise its rights and perform its obligations, under this Agreement; (b) it has taken all necessary actions under the Applicable Laws to authorise the execution, delivery and performance of this Agreement; (c) it has the financial standing and capacity to perform its obligations under this Agreement; (d) this Agreement constitutes a legal, valid and binding obligation enforceable against it in accordance with the terms hereof; (e) it has no knowledge of any violation or default with respect to any order, writ, injunction or any decree of any court or any legally binding order of any Government Instrumentality which may result in any material adverse effect on Railways’ ability to perform its obligations under this Agreement; (f) it has complied with Applicable Laws in all material respects; and (g) it has good and valid right to the Site, and has power and authority to grant access as well as use of the site for solar development and generation till the terms of the agreement are enforceable.

Representations and warranties of Railways. Railways represent and warrants to the Solar Power Developer that: (a) it has full power and authority to execute, deliver and perform its obligations under this Agreement and to carry out the transactions contemplated herein and that it has taken all actions necessary to execute this Agreement, exercise its rights and perform its obligations, under this Agreement; (b) it has taken all necessary actions under the Applicable Laws to authorise the execution, delivery and performance of this Agreement; (c) it has the financial standing and capacity to perform its obligations under this Agreement; (d) this Agreement constitutes a legal, valid and binding obligation enforceable against it in accordance with the terms hereof; (e) it has no knowledge of any violation or default with respect to any order, writ, injunction or any decree of any court or any legally binding order of any Government Instrumentality which may result in any material adverse effect on Railways’ ability to perform its obligations under this Agreement; (f) it has complied with Applicable Laws in all material respects; and (g) it has good and valid right to the Site, and has power and authority to grant access as well as use of the site for solar rooftop development and generation till the terms of the agreement are enforceable.