Representations by the FDIC Sample Clauses

Representations by the FDIC. (a) The FDIC represents and warrants to Contractors that, upon execution by an authorized individual, acting in conformity with his or her delegated authority, this Agreement shall constitute a legal, valid and binding agreement of the FDIC enforceable in accordance with its terms, except to the extent limited by law. (b) The FDIC represents and warrants to Contractors that the person signing on behalf of the FDIC is an authorized individual who has full authority to bind the FDIC. (c) The FDIC represents and warrants to Contractors that the FDIC has not assigned or pledged, directly or by operation of law, to any individual, firm, partnership, corporation, trust, or any other entity any right, title or interest in any claims or disputes being released hereby. (d) As of the Execution Date and except as to the Surviving Issues, to the personal knowledge of the FDIC, the FDIC acknowledges that it is not aware of any claims of the FDIC against or demands of the Contractors regarding the SAMDA or this Agreement, of which the FDIC has not already notified Contractor. For the purposes of this Section 2.2 (d), "the personal knowledge of the FDIC" shall mean the personal knowledge of those people 9 employed by the FDIC who, as of the Execution Date, are assigned to the FDIC's Division of Administration Acquisition Services Branch SAMDA Closeout Section.