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

Representations and Warranties of the Grantor. The Grantor hereby represents and warrants to the Management Trustee as follows: (a) Upon the receipt of the initial Trust Property by the Trustees under this Agreement, the Trustees will have good title to such Trust Property. (b) This Trust Agreement has been duly and validly authorized, executed and delivered by, and constitutes a valid and binding agreement of, the Grantor, enforceable in accordance with its terms, subject to Bankruptcy Law and other laws relating to creditors’ rights; and equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceedings therefor may be brought.

Representations and Warranties of the Grantor. The Grantor hereby represents and warrants to the Management Trustee as follows: (a) Upon the receipt of the initial Trust Property by the Trustees Management Trustee under this Agreement, the Trustees Management Trustee will have good title to such Trust Property. (b) This Trust Agreement has been duly and validly authorized, executed and delivered by, and constitutes a valid and binding agreement of, the Grantor, enforceable in accordance with its terms, subject to Bankruptcy Law and other laws relating to creditors’ rights; and equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceedings therefor may be brought.