Common use of Representations and Warranties of Recipient Clause in Contracts

Representations and Warranties of Recipient. Recipient makes the following representations and warranties to MTI, which shall be deemed to survive until the Termination Date: 5.1 The Recipient has the authority to execute and deliver this Agreement and any other documents, certificates or agreements required by MTI to be executed in connection with this Agreement, without limitation, and to execute the transactions contemplated thereby. 5.2 The Recipient is a [corporation, partnership, sole proprietorship, limited liability company or other business entity]in good standing to do business under the laws of the State of Maine, and has authority to conduct its business. 5.3 Recipient shall use its best efforts to assure that all activities described in the Application are implemented, except as described in this Agreement. 5.4 Recipient has disclosed any relationship, direct or indirect, between Recipient, its Officers, Directors, members or employees, and MTI, and are in compliance with the conflict of interest provisions of 5 M.R.S.A. Chapter 407, Section 15307.

Representations and Warranties of Recipient. Recipient makes the following representations and warranties to MTI, which shall be deemed to survive until the Termination Date: 5.1 The Recipient has the authority to execute and deliver this Agreement and any other documents, certificates or agreements required by MTI to be executed in connection with this Agreement, including, without limitation, the Security Agreement, and to execute the transactions contemplated thereby. 5.2 The Recipient is a [corporation, partnership, sole proprietorship, limited liability company or other business entity]in entity] in good standing to do business under the laws of the State of Maine, and has authority to conduct its business. 5.3 Recipient shall use its best efforts to assure that all activities described in the Application are implemented, except as described in this Agreement. 5.4 Recipient has disclosed any relationship, direct or indirect, between Recipient, its Officers, Directors, members or employees, and MTI, and are is in compliance with the conflict of interest provisions of 5 M.R.S.A. Chapter 407, Section 15307.

Representations and Warranties of Recipient. Recipient makes the following representations and warranties to MTI, which shall be deemed to survive until the Termination Date: 5.1 The Recipient has the authority to execute and deliver this Agreement and any other documents, certificates or agreements required by MTI to be executed in connection with this Agreement, without limitation, and to execute the transactions contemplated thereby. 5.2 The Recipient is a [corporation, partnership, sole proprietorship, limited liability company or other business entity]in entity] in good standing to do business under the laws of the State of Maine, and has authority to conduct its business. 5.3 Recipient shall use its best efforts to assure that all activities described in the Application are implemented, except as described in this Agreement. 5.4 Recipient has disclosed any relationship, direct or indirect, between Recipient, its Officers, Directors, members or employees, and MTI, and are in compliance with the conflict of interest provisions of 5 M.R.S.A. Chapter 407, Section 15307.