Representations General. Each Party represents to the other Party continuing throughout the term hereof as follows: (i) there are no suits, proceedings, judgments or orders by or before any governmental authority that materially adversely affect its ability to perform this Agreement or the rights of the other Party hereunder, (ii) it is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation, and it has the legal right, power and authority and is qualified to conduct its business, and to execute and deliver this Agreement and perform its obligations hereunder, (iii) the making and performance by it of this Agreement is within its powers, has been duly authorized by all necessary action on its part, (iv) this Agreement constitutes a legal, valid and binding act and obligation of it, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency, reorganization and other laws affecting creditor's rights generally, and with regard to equitable remedies, to the discretion of the court before which proceedings to obtain same may be pending and (v) there are no bankruptcy, insolvency, reorganization, receivership or other arrangement proceedings pending or being contemplated by it.
Appears in 6 contracts
Samples: Gas Purchase Agreement, Gas Purchase Agreement, Gas Purchase Agreement
