Common use of Representations of Parties Clause in Contracts

Representations of Parties. Each of the parties hereto severally represents, each with respect only to itself, as of the date hereof, as follows: (a) It is duly organized and existing under the laws of the jurisdiction of its organization, with full power and authority to execute and deliver this Agreement, to enter into the transactions contemplated hereby and to perform all the duties and obligations to be performed by it hereunder; (b) It has duly authorized this Agreement and the transactions contemplated hereby and the performance of all the duties and obligations to be performed hereunder by all necessary corporate action; and (c) It has duly executed and delivered this Agreement and this Agreement constitutes its valid, legal and binding obligation.