6.1 Each party represents and warrants to the other that:
a. It is duly authorized to execute and deliver this Agreement, to enter into the transactions contemplated hereunder and to perform its obligations hereunder and has taken all necessary action to authorize such execution, delivery and performance:
b. It will engage in this Agreement and the transactions contemplated hereunder (other than Agency Transactions )as principal:
c. The person signing this Agreement is, and any person representing a business entity in entering into a transaction will be, duly authorized to do so on its behalf
d. It has obtained all authorizations of any governmental or regulatory body required in connection with this Agreement and the transactions contemplated hereunder and such authorizations are in full force and effect:
e. The execution, delivery and performance of this Agreement and the transactions contemplated hereunder will not violate any law, ordinance, charter, by-law or rule applicable to it or any agreement by which it is bound or by which any of its assets are affected.
f. There exists no judgment, order, injunction or other restraint issued or filed which prohibits the making of the transaction or the consummation of the other transactions contemplated hereby, and no action, suit. litigation or similar proceeding at law or in equity by or before any court. governmental authority, or agency exists or is threatened with respect to the transactions contemplated hereby;
g. It has satisfied itself and will continue to satisfy itself as to the tax implications of the transactions contemplated hereunder;
h. At the time of transfer the other of Shares it will have the full and unqualified right to make such transfer and that upon such transfer of Shares the other party will receive all right, title and interest in and to those Shares or Securities free of any lien, claim charge or encumbrance.
On the date on which any Agreement is entered into pursuant hereto, and on each day on which Shares. Equivalent Securities or Margin Shares are to be transferred under any Agreement. Buyer and Seller shall each be deemed to repeat all of the foregoing representations.
i. The obligations under this Agreement constitute each party's legal. valid and binding obligations, enforceable in accordance with their respective terms subject to applicable bankruptcy, reorganization, insolvency, moratorium, or other similar laws and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law).
6.2 EFH represents and warrants that :