Common use of Warranties and Representations of the Lessor Clause in Contracts

Warranties and Representations of the Lessor. The Lessor represents and warrants to the Lessee and, so long as this Agreement is in effect or any part of the Lessor’s obligations to the Lessee remain unfulfilled, shall continue to warrant at all times that: a. The Lessor is a National Banking Association, corporation or other entity in good standing and has the power and authority to enter into the Transaction Documents to which it is a party and to carry out the terms thereof. b. The Transaction Documents executed by the Lessor have been duly authorized, approved, executed and delivered by its authorized representatives and constitute legal, valid and binding obligations of the Lessor enforceable against the Lessor in accordance with their respective terms. c. The Lessor shall not pledge or assign the revenues or any of its other rights under this Agreement except for any assignment pursuant to this Agreement as stated under Section 8.2; and the Lessor shall not mortgage or otherwise encumber the Equipment. d. To the knowledge of the Lessor, there is no litigation or proceeding pending or threatened against the Lessor or any other person affecting the right of the Lessor to execute or deliver this Agreement or to comply with its obligations under this Agreement. The execution and delivery of this Agreement by the Lessor, and compliance by the Lessor with its obligations under this Agreement, will not require the approval of any regulatory body, any parent company, or any other entity, from which approval has not yet been obtained.

Warranties and Representations of the Lessor. The Lessor represents and warrants to the Lessee and, so long as this Agreement is in effect or any part of the Lessor’s 's obligations to the Lessee remain unfulfilled, shall continue to warrant at all times that: a. a) The Lessor is a National Banking Association, corporation or other entity in good standing under the laws of the State of and has the power and authority to enter into the Transaction Documents to which it is a party and to carry out the terms thereof. b. b) The Transaction Documents executed by the Lessor have been duly authorizedau th o rized , approvedap p ro v ed , executed and delivered by ex ecu xxx an d d eliv ered b y its authorized au th o rized representatives and constitute legal, valid and binding obligations of the Lessor enforceable against the Lessor in accordance with their respective terms. c. c) The Lessor shall not pledge or assign the revenues or any of its other rights under this Agreement except for any assignment pursuant to this Agreement as stated under Section 8.2; and the Lessor shall not mortgage or otherwise encumber the Equipment. d. d) To the knowledge of the Lessor, there is no litigation or proceeding pending or threatened against the Lessor or any other person affecting the right of the Lessor to execute or deliver this Agreement or to comply with its obligations under this Agreement. The Neither the execution and delivery of this Agreement by the Lessor, and nor compliance by the Lessor with its obligations under this Agreement, will not require the approval of any regulatory body, any parent company, or any other entity, from which approval has not yet been obtained.

Warranties and Representations of the Lessor. The Lessor represents and warrants to the Lessee and, so long as this Agreement is in effect or any part of the Lessor’s obligations to the Lessee remain unfulfilled, shall continue to warrant at all times that: a. a) The Lessor is a National Banking AssociationAssociation formed under the laws of the United States with its main office located in Columbus, corporation or other entity in good standing OH and has the power and authority to enter into the Transaction Documents to which it is a party and to carry out the terms thereof. b. b) The Transaction Documents executed by the Lessor have been duly authorized, approved, executed and delivered by its authorized representatives and constitute legal, valid and binding obligations of the Lessor enforceable against the Lessor in accordance with their respective terms. c. c) The Lessor shall not pledge or assign the revenues or any of its other rights under this Agreement except for any assignment pursuant to this Agreement as stated under Section 8.2; and the Lessor shall not mortgage or otherwise encumber the Equipment. d. d) To the knowledge of the Lessor, there is no litigation or proceeding pending or threatened against the Lessor or any other person affecting the right of the Lessor to execute or deliver this Agreement or to comply with its obligations under this Agreement. The Neither the execution and delivery of this Agreement by the Lessor, and nor compliance by the Lessor with its obligations under this Agreement, will not require the approval of any regulatory body, any parent company, or any other entity, from which approval has not yet been obtained.

Warranties and Representations of the Lessor. The Lessor represents and warrants to the Lessee and, so long as this Agreement is in effect ef ect or any part of the ofthe Lessor’s obligations to the Lessee remain unfulfilled, shall continue to warrant at all times that: a. The Lessor is a National Banking Association, corporation or other entity in good standing and has the power and authority to enter into the Transaction Documents to which it is a party and to carry out the terms thereof. b. The Transaction Documents executed by the Lessor have been duly authorized, approved, executed and delivered by its authorized representatives and constitute legal, valid and binding obligations of the Lessor enforceable against the Lessor in accordance with their respective terms. c. The Lessor shall not pledge or assign the revenues or any of its other rights under this Agreement except for any assignment pursuant to this Agreement as stated under Section 8.2; and the Lessor shall not mortgage or otherwise encumber the Equipment. d. To the knowledge of the Lessor, there is no litigation or proceeding pending or threatened against the Lessor or any other person affecting the right of the Lessor to execute or deliver this Agreement or to comply with its obligations under this Agreement. The execution and delivery of this Agreement by the Lessor, and compliance by the Lessor with its obligations under this Agreement, will not require the approval of any regulatory body, any parent company, or any other entity, from which approval has not yet been obtained.

Warranties and Representations of the Lessor. The Lessor represents and warrants to the Lessee and, so long as this Agreement is in effect or any part of the Lessor’s 's obligations to the Lessee remain unfulfilled, shall continue to warrant at all times that: a. a) The Lessor is a National Banking AssociationAssociation formed under the laws of the United States with its main office located in Columbus, corporation or other entity in good standing OH and has the power and authority to enter into the Transaction Documents to which it is a party and to carry out the terms thereof. b. b) The Transaction Documents executed by the Lessor have been duly authorized, approved, executed and delivered by its authorized representatives and constitute legal, valid and binding obligations of the Lessor enforceable against the Lessor in accordance with their respective terms. c. c) The Lessor shall not pledge or assign the revenues or any of its other rights under this Agreement except for any assignment pursuant to this Agreement as stated under Section 8.2; and the Lessor shall not mortgage or otherwise encumber the Equipment. d. d) To the knowledge of the Lessor, there is no litigation or proceeding pending or threatened against the Lessor or any other person affecting the right of the Lessor to execute or deliver this Agreement or to comply with its obligations under this Agreement. The Neither the execution and delivery of this Agreement by the Lessor, and nor compliance by the Lessor with its obligations under this Agreement, will not require the approval of any regulatory body, any parent company, or any other entity, from which approval has not yet been obtained.

Warranties and Representations of the Lessor. The Lessor represents and warrants to the Lessee and, so long as this Agreement is in effect or any part of the Lessor’s 's obligations to the Lessee remain unfulfilled, shall continue to warrant at all times that: a. a) The Lessor is a National Banking Association, corporation or other entity in good standing under the laws of the State of and has the power and authority to enter into the Transaction Documents to which it is a party and to carry out the terms thereof. b. b) The Transaction Documents executed by the Lessor have been duly authorized, approved, executed and delivered by its authorized representatives and constitute legal, valid and binding obligations of the Lessor enforceable against the Lessor in accordance with their respective terms. c. c) The Lessor shall not pledge or assign the revenues or any of its other rights under this Agreement except for any assignment pursuant to this Agreement as stated under Section 8.2; and the Lessor shall not mortgage or otherwise encumber the Equipment. d. d) To the knowledge of the Lessor, there is no litigation or proceeding pending or threatened against the Lessor or any other person affecting the right of the Lessor to execute or deliver this Agreement or to comply with its obligations under this Agreement. The Neither the execution and delivery of this Agreement by the Lessor, and nor compliance by the Lessor with its obligations under this Agreement, will not require the approval of any regulatory body, any parent company, or any other entity, from which approval has not yet been obtained.