Common use of WARRANTIES AND AUTHORITY Clause in Contracts

WARRANTIES AND AUTHORITY. The Customer [and the [Corporate/Personal] Guarantor] warrant[s] that as at the date of this Agreement, [it has/they have] not assigned or transferred, or purported to assign or transfer, any of [its/their] rights arising out of, in relation to or connected with the Settled Matters. Each Party represents and warrants to the other[s] that: it has the capacity, power and authority to enter into and perform this Agreement and (where applicable) it has authorised each of the individuals named below to sign this Agreement on behalf of the Party set against each name and that this Agreement gives rise to legal, valid and enforceable obligations on each Party; and it will take all necessary further steps and actions to ensure performance of the terms of this Agreement.