Representations and Warranties United and United Terminal, at the time of this Agreement and throughout its Term, warrant that: (i) the UBT Terminal and all its facilities and equipment are and shall remain in compliance with all applicable laws, including Environmental Laws, regulations, approvals and permits issued by regulatory authorities, (ii) to their knowledge, there exists no circumstance or condition that presently or with the passage of time would constitute any violation of any applicable laws, including Environmental Laws, regulations and permits issued by regulatory authorities, (iii) the storage piles and the equipment referred to in this Section 4.1, which are used for the Cargo at the UBT Terminal, shall be well maintained and shall continue to be well maintained and in good running order and repair, ordinary wear and tear excepted. Any repairs required for the UBT Terminal or facilities and equipment to maintain the warranted condition shall be properly accomplished as quickly as reasonably possible. United and United Terminal further represents and warrants that it has expertise in handling and storing Cargo and has, and shall continue to have, during the Term of this Agreement, all the necessary licenses and permits to properly conduct transfer operations. 4.1.2
