Public Contracting (page 9 – 10)
This Binding Term Sheet serves the purpose of addressing the health emergency in the Dominican Republic as a result of the COVID-19 pandemic, in the understanding that it is of extreme urgency to the national interest to provide the Dominican population with the doses of the Vaccine. Therefore the execution of this Binding Term Sheet and whatever other agreements necessary to purchase the Vaccine, are exceptional cases under Article 6 of Law 340-06 on Public Contracting. MISPAS, in the exercise of its legal attributions, represents and warrants compliances with all regulatory requirements established in Law 340-06 and all other applicable laws to be able to sign this Binding Term Sheet and all other documentation related to it, including but not limited to the Definitive Agreement, and agrees to hold the Suppliers harmless of any claims and damages directly or indirectly resulting from an inaccuracy of this representation and warranty.
Further, MISPAS acknowledges, represents and warrants that it has obtained all necessary approvals required by Dominican laws to enter into this Binding Term Sheet pending Congressional Approval for the supply of the Vaccine as described in this Binding Term Sheet