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

Representations and Warranties of the Assignee. 3.1 The Assignee represents and warrants that (a) it possesses the legal capacity under Mexican law to acquire, hold and deal as a proprietor (i) Mining Concession located within the territory of Mexico in accordance with article 11 of the Mining Act, and (ii) real estate property located outside of the constitutionally-restricted area within Mexico in accordance with article 10-A of the Foreign Investment Act and article 8 of its Regulations, (b) it is, with respect to all required filings with the Registrar of Companies of its incorporating jurisdiction, the Mines Recorders’ Office and the Foreign Investment Registry, in good standing, (c) it has obtained all necessary approvals, consents, licenses and registrations to enter into and perform its obligations hereunder, and in particular, to acquire the Assignment and the Option.

Representations and Warranties of the Assignee. 3.1 The Assignee represents and warrants that (a) it possesses the legal capacity under Mexican law to acquire, hold and deal as a proprietor (i) Mining Concession Concessions located within the territory of Mexico in accordance with article 11 of the Mining Act, and (ii) real estate property located outside of the constitutionally-restricted area within Mexico in accordance with article 10-A of the Foreign Investment Act and article 8 of its Regulations, (b) it is, with respect to all required filings with the Registrar of Companies of its incorporating jurisdiction, the Mines Recorders’ Office and the Foreign Investment Registry, in good standing, (c) it has obtained all necessary approvals, consents, licenses and registrations to enter into and perform its obligations hereunder, and in particular, to acquire the Assignment and the Option.

Representations and Warranties of the Assignee. 3.1 The Assignee represents and warrants that (a) it possesses the legal capacity under Mexican law to acquire, hold and deal as a proprietor (i) Mining Concession mining concessions located within the territory of Mexico in accordance with article 11 of the Mining Act, and (ii) real estate property located outside of the constitutionally-restricted area within Mexico in accordance with article 10-A of the Foreign Investment Act and article 8 of its Regulations, (b) it is, with respect to all required filings with the Registrar of Companies of its incorporating jurisdiction, the Mines Recorders’ Office and the Foreign Investment Registry, in good standing, (c) it has obtained all necessary approvals, consents, licenses and registrations to enter into and perform its obligations hereunder, and in particular, to acquire the Assignment and the Option.