REPRESENTATIONS, WARRANTIES AND COVENANTS OF GRANTEE. (a) The Grantee represents and warrants that he or she is acquiring this Option and, in the event this Option is exercised, the Shares (unless the Shares are subject to a then effective registration statement under the Securities Act), for investment, for his or her own account and not with a view to the distribution thereof, and that he or she has no present intention of disposing of this Option or the Shares (unless the Shares are subject to a then effective registration statement under the Securities Act) or any interest therein or sharing ownership thereof with any other person or entity.
REPRESENTATIONS, WARRANTIES AND COVENANTS OF GRANTEE. Grantee represents, warrants, and covenants to the Company as follows:
REPRESENTATIONS, WARRANTIES AND COVENANTS OF GRANTEE. (a) Grantee hereby represents and warrants to Issuer that Grantee has all requisite corporate power and authority to enter into this Agreement and, subject to any approvals or consents referred to herein, to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Grantee. This Agreement has been duly executed and delivered by Grantee.
REPRESENTATIONS, WARRANTIES AND COVENANTS OF GRANTEE. Grantee represents, warrants and covenants to Grantor as follows: This Agreement, when executed and delivered by the Grantee, will constitute a valid and legally binding obligation of the Grantee, enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other laws of general application affecting enforcement of creditors' right generally. Grantee will cause Parliament to obtain the federal, state and local licenses or permits that are necessary to conduct its business within the Territory as a distributor of the Products and to engage in the transactions intended by this Agreement. Grantee shall maintain a distributor network of adequate size to represent and promote the sales of the Products. Such sales force shall be kept properly informed as to all advertising, marketing and promotional programs and policies regarding the Products. Grantee shall use all reasonable efforts (i) to sell, or cause its designee to sell, to its customers only containers of the Products of saleable quality and (ii) to remove any unsaleable Products from its or any sub-distributor's or retailer's inventory in the Territory. Grantee shall furnish reports or information concerning the Products that Grantor may from time to time reasonably request. Grantee shall timely file, or cause its designee to timely file, all registrations, price schedules, and reports for the Products that are required by applicable laws or regulations in appropriate form, with copies thereof to the Grantor. Grantee shall conduct, and cause its designee to conduct, its activities under this Agreement in accordance with local, state and federal laws and regulations regarding the sale of the Products. Grantee shall comply with all covenants made by the Grantor in that certain License Agreement with Roy Yamaguchi, dated as of Xxxxx 00, 0000 (the "Yamaguchi License") for so long as said Yamaguchi License is in effect, with the exception of any obligations arising under Section 3 thereunder relating to royalties.
REPRESENTATIONS, WARRANTIES AND COVENANTS OF GRANTEE. Grantee represents, warrants and covenants that:
REPRESENTATIONS, WARRANTIES AND COVENANTS OF GRANTEE. Section 3.01.
