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Provision of Representation and Warranty in Contract
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The Seller hereby represents and warrants as to itself that:
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it is a duly organized legal entity, validly existing and in good standing under the laws of the People's Republic of China;
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Party A is a limited liability company duly incorporated and validly existing under the laws of its place of incorporation, and has all corporate power and authority to executed this agreement, exercise the rights and perform the obligations hereunder in accordance with the provisions of this agreement.
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it is duly incorporated with limited liability and validly exists under the laws of New Zealand;
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it has corporate power and has taken all necessary corporate and other action to enter into and complete this AGREEMENT.
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It is duly organized and registered and in good standing in the United States, has power and authority to enter into and perform?this AGREEMENT and any other agreements and documents executed or delivered by it in connection herewith (collectively, with this AGREEMENT, “the DOCUMENTS”).
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Its execution, delivery and performance of the DOCUMENTS have been duly authorized by all necessary action.
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PARTY A has obtained all consents, approvals and authorizations necessary for the valid execution and delivery of this AGREEMENT and all of the contracts referred to herein to which it is a party; provided, however, that this AGREEMENT shall be subject to the approval of the Examination and Approval Authority before the same may become effective.
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The execution, delivery and performance by the Transferee of this Agreement and the completion by the Transferee of the transfer contemplated hereunder are within the transferee’s corporate power and authority.
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The contractor represents and warrants that the contractor is empowered legally and this contract has been duly authorized, executed, and delivered by the contractor, and constitutes a legal, valid, and binding obligation of the contractor, enforceable in accordance with its terms.
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Party A hereby represents and warrants that Party A is legal owner of the leased property and has the necessary legal capacity to lease the property to Party B. Party A has also obtained all the necessary authorizations from all relevant authorities in the People’s Republic of China in respect of this Agreement and the leasing of the property to Party B, including government approval and/or mortgagee consent ( if applicable) Party A shall be liable to Keep Party B be fully indemnified against any costs, expenses, losses and damages incurred to suffered by Party B as a result of any breach of Party A’s representations or warranties herein ( including but not limited to legal costs)
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The Landlord hereby covenants that the Premises will not be sold or mortgaged to any third person during the term of this Agreement.
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The Seller guarantee that the Equipment supplied under this Contract is made of the best quality materials with first class workmanship, brand new, up to standard in all respects and in good condition.
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The Licensor shall guarantee that the Technical Documentation and Software supplied by the Licensor to the Licensee in accordance with the Contract shall be of the latest and well-proved Technical Documentation and Software which are actually used by the Licensor and that the improved, modified and developed Technical Documentation and Software shall be supplied in time by the Licensor to the Licensee in the course of implementation of the Contract, without charge.
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Licensor guarantees that Know-how is well developed and industrialized, and is exploitable in accordance with Technical Documentation specified in Appendix 2.
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