Common use of Representations and Warranties of the Administrator Clause in Contracts

Representations and Warranties of the Administrator. The Administrator represents and warrants to the Trust that: a. It is a Delaware corporation, duly organized, existing and in good standing under the laws of the State of Delaware; b. It has the requisite power and authority to carry on its business in each jurisdiction in which it conducts business; c. All requisite corporate actions have been taken to authorize it to enter into and perform its duties obligations under this Agreement; d. No legal or administrative proceedings have been instituted or threatened which would impair the Administrator’s ability to perform its duties and obligations under this Agreement; and e. The Administrator’s entrance into this Agreement shall not cause a material breach or be in material conflict with any other agreement or obligation of the Administrator or any law or regulation applicable to it.

Representations and Warranties of the Administrator. The Administrator represents and warrants to the Trust Sub-Administrator that: a. It is a Delaware corporationlimited liability company, duly organized, existing and in good standing under the laws of the State of Delaware; b. It has the requisite corporate power and authority under applicable laws and by its charter and by-laws to carry on its business in each jurisdiction in which it conducts businessenter into and perform this Agreement; c. All requisite corporate actions proceedings have been taken to authorize it to enter into and perform its duties obligations under this Agreement; d. No legal or administrative proceedings have been instituted or threatened which would impair the Administrator’s ability to perform its duties and obligations under this Agreement; and e. The Administrator’s Its entrance into this Agreement shall will not cause a material breach or be in material conflict with any other agreement or obligation of the Administrator or any law or regulation applicable to it.

Representations and Warranties of the Administrator. The Administrator represents and warrants to the Trust Sub-Administrator that: a. It is a Delaware corporation, limited liability company duly organized, existing and in good standing under the laws of the State of Delaware; b. It has the requisite power and authority under applicable laws and by its governing documents to carry on its business in each jurisdiction in which it conducts businessenter into and perform this Agreement; c. All requisite corporate actions proceedings have been taken to authorize it to enter into and perform its duties obligations under this Agreement; d. No legal or administrative proceedings have been instituted or threatened which would materially impair the Administrator’s ability to perform its duties and obligations under this Agreement; and e. The Administrator’s Its entrance into this Agreement shall will not cause a material breach or be in material conflict with any other agreement or obligation of the Administrator or any law or regulation applicable to it.