Page 555 - Onboarding May 2017
P. 555

23.0  REPRESENTATIONS AND WARRANTIES

                              23.1 Representations and Warranties.
                     Distributor represents and warrants that it is a corporation duly organized, validly existing
                     and in good standing under the laws of its state of incorporation. Distributor has the power
                     to own its properties, to carry on its business as now being conducted by it, and to execute,
                     deliver and perform this Agreement.


                     Operator represents and warrants to that it is a corporation duly organized, validly existing
                     and in good standing under the laws of its state of incorporation.  Operator has the power to
                     own its properties, to carry on its business as now being conducted by it, and to execute,
                     deliver and perform this Agreement.

                     Each party represents and warrants that:

                       (a) This Agreement is a valid and binding obligation of the party, enforceable against it
                          in accordance with its terms, except as may be limited by applicable bankruptcy,
                          reorganization, insolvency, moratorium or other similar laws affecting creditors’
                          rights generally, and further subject to general equity principles.

                       (b) There is no action, suit or proceeding pending or, to the knowledge of the party,
                          threatened against or affecting the party, which if decided adversely to the party, may
                          reasonably be expected to have a material adverse effect on the party’s ability to
                          perform its obligations under to this Agreement.

               24.0 CONFIDENTIALITY

                              24.1 Confidentiality.
                     Each party acknowledges that while performing its obligations under this Agreement it
                     may have access to the other party’s Confidential Information.  With respect to all
                     Confidential Information, the parties agree as follows:

                       (a) The receiving party may use the Confidential Information only to perform its
                          obligations under this Agreement.  The receiving party must use the same care to
                          protect the disclosing party’s Confidential Information as it uses to protect its own
                          Confidential Information.  In no event will the receiving party fail to use reasonable
                          care to avoid unauthorized use, including disclosing party’s Confidential Information.

                       (b) Operator may disclose Distributor’s Confidential Information to its agents,
                          contractors and legal representatives or CSCS, if they have a need to know and an
                          obligation to protect the Confidential Information that is at least as restrictive as this
                          Agreement.  Distributor may disclose Operator’s Confidential Information to its
                          agents, contractors and legal representatives if they have a need to know and
                          obligation to protect the Confidential Information that is at least as restrictive as this
                          Agreement.

                       (c) Neither party will disclose to the other party any confidential information of a third






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