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

Representations and Warranties of the Trusts. Each Trust represents and warrants to Integrated that: (i) It is a Trust duly incorporated and validly existing under the laws of the jurisdiction of its formation, and has full capacity and authority to enter into this agreement and to carry out its obligations hereunder; (ii) It has all necessary authorizations, licenses and permits to carry out its business as currently conducted; (iii) It has been in, and shall continue to be in compliance in all material respects with all laws and regulations applicable to its business and operations; (iv) This Agreement has been duly authorized by the Trust and, when executed and delivered by the Trust, will constitute a legal, valid and binding obligation of the Trust, enforceable against the Trust in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the right and remedies of creditors and secured parties.