Common use of REPRESENTATIONS AND WARRANTIES OF THE PRINCIPAL Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF THE PRINCIPAL. The Principal represents and warrants to the Company as follows: (a) All of the representations and warranties made by the Principal pursuant to Article IV of the LLC Agreement are true and correct as of the date hereof. (b) This Agreement constitutes the legal, valid and binding obligation of the Principal, enforceable in accordance with its terms, and the execution, delivery and performance of this Agreement by the Principal does not and will not conflict with, violate or cause a breach of any agreement, contract or instrument to which the Principal is a party or any judgment, order or decree to which the Principal is subject. (c) The Principal believes that he has received all the information he considers necessary in connection with his execution of this Agreement, and the Principal has had an opportunity to ask questions and receive answers from the Company and from counsel regarding the terms, conditions and limitations set forth in this Agreement and the business, properties, prospects and financial condition of the Company and its subsidiaries and to obtain additional information (to the extent the Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any information furnished to the Principal or to which the Principal had access.