Content Headings

Key Issues

Example clauses

Notes and References

Warranties of the Authority

The Authority represents and warrants to the Concessionaire that:

(a)  The Authority has full power and authority to grant the Concession; 

(b)  The Authority has taken all necessary action to authorise the execution, delivery and performance of this Agreement; 

(c)  This Agreement constitutes the Authority's legal, valid and binding obligation enforceable against it in accordance with the terms hereof. 

(d)  There are no suits or other legal proceedings pending or threatened against the Authority in respect of the Project Site or the Project, which has a Material Adverse Effect. 

See SOPC Section 6.3.

Also see warranties in relation to properties (below).

Example clause adapted from Concession Agreement for Colombo Kathunayake Expressway Project (note confidential), index reference A2, folder 1.