Common use of The GMACI Agency Representations and Warranties Clause in Contracts

The GMACI Agency Representations and Warranties. The GMACI Agency represents and warrants to each of Good Xxx and Camping World as follows: (a) the execution and delivery of this Agreement has been duly authorized and adopted by all necessary corporate action and it has full power and authority to enter into this Agreement and to consummate the transactions and perform its obligations contemplated hereby. (b) its obligations under this Agreement are legal, valid and binding obligations enforceable against it in accordance with its terms. (c) it is not a party to, or is bound by, any contractual agreement or instrument which would prevent or impede or restrict its performance under this Agreement. (d) during the Term hereof, it shall continue to maintain all licenses, permits and authorizations as are necessary in order for it to perform with its obligations hereunder and in performing its obligations under this Agreement, it will comply with all applicable laws and regulations applicable to it. (e) during the Term hereof, it shall maintain insurance of the types and amounts as are reasonable and customary in consideration of its obligations hereunder.

The GMACI Agency Representations and Warranties. The GMACI Agency represents and warrants to each of Good Xxx Affinity and Camping World as follows: (a) the execution and delivery of this Agreement has been duly authorized and adopted by all necessary corporate action and it has full power and authority to enter into this Agreement and to consummate the transactions and perform its obligations contemplated hereby. (b) its obligations under this Agreement are legal, valid and binding obligations enforceable against it in accordance with its terms. (c) it is not a party to, or is bound by, any contractual agreement or instrument which would prevent or impede or restrict its performance under this Agreement. (d) during the Term hereof, it shall continue to maintain all licenses, permits and authorizations as are necessary in order for it to perform with its obligations hereunder and in performing its obligations under this Agreement, it will comply with all applicable laws and regulations applicable to it. (e) during the Term hereof, it shall maintain insurance of the types and amounts as are reasonable and customary in consideration of its obligations hereunder.