Common use of Representations and Warranties of Transferee Clause in Contracts

Representations and Warranties of Transferee. The Transferee hereby represents and warrants to the Transferor that: 1. The Transferee is a limited company duly established and validly existing pursuant to the laws of British Virgin Islands, and possesses all the rights, authorities and capabilities necessary for entering into and performing all the obligations and liabilities hereunder; and once executed the Agreement is legally and validly binding upon the Transferee. 2. The execution, delivery and performance of this Agreement by the Transferee is neither in breach of any laws, administrative regulations, articles of association or other organizational documents of the Transferee nor in breach of any contracts, rules and regulations, court judgment or arbitration award, which are binding upon the Transferee or its property. 3. Such representations, warranties and undertakings shall still remain in force and effect after completion of the transfer of the Subject Equity. .

Representations and Warranties of Transferee. The Transferee hereby represents and warrants to the Transferor that: 1. The Transferee is a limited company duly established and validly existing pursuant to the laws of British Virgin Islands, and possesses all the rights, authorities and capabilities necessary for entering into and performing all the obligations and liabilities hereunder; and once executed the Agreement is legally and validly binding upon the Transferee. 2. The execution, delivery and performance of this Agreement by the Transferee is neither in breach of any laws, administrative regulations, articles of association or other organizational documents of the Transferee nor in breach of any contracts, rules and regulations, court judgment or arbitration award, which are binding upon the Transferee or its property. 3. Such representations, warranties and undertakings shall still remain in force and effect after completion of the transfer of the Subject Equity. .