Representations of Entities Sample Clauses
The "Representations of Entities" clause defines the statements or assurances made by each party regarding their legal status, authority, and capacity to enter into the agreement. Typically, this clause requires each entity to confirm that it is duly organized, validly existing, and in good standing under the laws of its jurisdiction, and that it has the power to execute and perform its obligations. By establishing these baseline facts, the clause helps ensure that all parties are legally capable of fulfilling the contract, thereby reducing the risk of disputes over authority or validity.
Representations of Entities. If Investor is a corporation, partnership, trust or other entity, (i) it is authorized and qualified to purchase and hold the Common Stock, (ii) it has not been formed for the purpose of acquiring the Common Stock, (iii) the person executing this Agreement for and on behalf of such entity has been duly authorized by such entity to do so, (iv) it is willing and able to bear the substantial economic risk of an investment in the Common Stock and has no need for liquidity with respect thereto, and (v) it is able to withstand a complete loss of its investment.