PACR » Topics » ARTICLE 19. Representations of Authority

This excerpt taken from the PACR 10-K filed Mar 2, 2006.

ARTICLE 19. Representations of Authority

 

Each party represents and warrants to the other party that: (a) it is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and it has the corporate power and is authorized under its governing certificate or articles and its bylaws to carry on its business as now conducted; (b) the execution of this Contract and the consummation of the transactions contemplated hereunder will not result in any violation or default of or conflict with governing documents, any agreement to which it is a party or by which it is bound, or any law, judgment or regulation of any governmental authority; (c) it has performed all corporate actions and received all corporate authorizations necessary to execute and deliver this Contract and to perform its obligations hereunder; (d) upon execution and delivery, this Contract is the valid, binding and enforceable on such party in accordance with its terms; (e) the representative signing on behalf of such party is duly authorized to execute and deliver this Contract on behalf of such party; and (f) such representative’s signature on this Contract is sufficient to bind such party to perform in accordance with the terms and conditions contained in this Contract.

 

Buyer and Seller have caused this Contract to be executed in two counterparts as of the date and year first above written.

 

Pacer International, Inc.

As Buyer

     

JD USA, Inc.

As Seller

/s/ Joseph Doherty


     

/s/ Yoonki Kim


By: Joseph Doherty       By: Yoonki Kim
Title: Vice President, Treasurer       Title: President
Date: February 24, 2006       Date: February 14, 2006
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki