Representations, Warranties and Covenants of the Insurer Clause Samples
The "Representations, Warranties and Covenants of the Insurer" clause sets out the specific statements, assurances, and ongoing promises made by the insurer regarding its authority, ability, and intent to enter into and perform under the insurance contract. This clause typically includes details such as the insurer's legal status, compliance with applicable laws, and confirmation that all necessary approvals have been obtained. It may also require the insurer to maintain certain standards or refrain from specific actions throughout the policy term. The core function of this clause is to provide the insured with confidence in the insurer's legitimacy and reliability, thereby reducing the risk of disputes or invalidation of the policy due to misrepresentation or non-compliance by the insurer.
Representations, Warranties and Covenants of the Insurer. The Insurer represents and warrants as of the Closing Date or such other date as specified below, and, in the case of Section 2.12(h) below, covenants during the term of this Insurance Agreement, to each of IndyMac and the Depositor as follows:
Representations, Warranties and Covenants of the Insurer. Insurer hereby represents, warrants and agrees as to the following:
(a) Insurer will comply with all applicable laws, rules and regulations of any governmental or regulatory body (as may be amended from time to time), including the requirements of any and all self-regulatory organizations of which Insurer is a member, as well as the terms of the applicable Fund prospectus and statement of additional information (collectively “Prospectus”).
(b) Insurer will facilitate any audit or review of its files and records undertaken by Invesco.
(c) In the event Insurer delegates its obligation to provide any services hereunder, Insurer agrees that such designee will be aware of and will comply with all representations, warranties and covenants hereunder.
(d) Insurer will provide point of sale disclosure regarding all appropriate facts relating to this Agreement to all Contract owners in compliance with all applicable laws, rules and regulations, if any.
(e) Insurer has obtained and shall maintain, in good standing, its membership with FINRA, and shall be at all times under the term of this Agreement, registered as a broker-dealer under the Securities Exchange Act of 1934, as amended.
Representations, Warranties and Covenants of the Insurer. The Insurer represents, warrants and covenants to the Borrower as follows:
Representations, Warranties and Covenants of the Insurer. The Insurer represents, warrants and covenants to each of IndyMac and the Depositor as follows:
Representations, Warranties and Covenants of the Insurer. The Insurer represents and warrants, as of the Closing Date (or the other date specified below), and covenants to the Sponsor, the Servicer, the Originator and the Depositor as follows:
Representations, Warranties and Covenants of the Insurer. The Insurer represents, warrants and covenants to the Underwriter, EOI, each Affiliated Seller and the Depositor as follows: