Common use of Representations, Warranties and Covenants of the Funds Clause in Contracts

Representations, Warranties and Covenants of the Funds. 3.01 Each Fund represents, warrants and covenants that such Fund has and will have the legal right, power and authority to enter into and carry out all of its obligations in respect of Lending Transactions and Investments contemplated by this Agency Agreement and that this Agency Agreement and each Counterparty Agreement constitutes a legal, valid and binding obligation enforceable against it in accordance with its terms.