Common use of Assignor Representations and Warranties Clause in Contracts

Assignor Representations and Warranties. As of the date hereof and as of the Effective Date, Assignor hereby represents and warrants to Assignee the following: a) Other than the Policy, there are no other insurance policies naming either Seller or Greystar as an insured that provide coverage for wind and/or hail damage to the Property. Insurers are the only carriers obligated to pay any proceeds related to the Insured Event. b) No Rental Value (as defined in Section 7(d) of the Policy) loss resulted from the Insured Event. c) Assignor agrees to cooperate with Assignee’s efforts to obtain payment of the Maximum Depreciation Holdback, but at no cost or expense to Assignor. The foregoing representations and warranties of Assignor in this Paragraph 7 are expressly limited to Assignor’s actual knowledge. As used herein, the actual knowledge of Assignor is limited solely to matters within the actual knowledge (with no duty of due diligence, inquiry or investigation) of Xxxxx Xxxxxx. Assignee acknowledges that the individual named above is named solely for the purpose of defining and narrowing the scope of Assignor’s knowledge and not for the purpose of imposing any liability on or creating any duties running from such individual to Assignee. Assignee covenants that it will bring no action of any kind against such individual related to or arising out of these representations and warranties.

Assignor Representations and Warranties. As of the date hereof and as of the Effective Date, Assignor hereby represents and warrants to Assignee the following: a) Other than the Policy, there are no other insurance policies naming either Seller or Greystar as an insured that which provide coverage for wind and/or hail damage to the Property. Insurers are Insurer is the only carriers carrier obligated to pay any proceeds related to the Insured Event. b) No Rental Value (as defined in Section 7(d) of the Policy) loss resulted from the Insured Event. c) Assignor agrees to cooperate with Assignee’s efforts to obtain payment of the Maximum Depreciation Holdback, but at no cost or expense to Assignor. The foregoing representations and warranties of Assignor in this Paragraph 7 are expressly limited to Assignor’s actual knowledge. As used herein, the actual knowledge of Assignor is limited solely to matters within the actual knowledge (with no duty of due diligence, inquiry or investigation) of Xxxxx Xxxxxx. Assignee acknowledges that the individual named above is named solely for the purpose of defining and narrowing the scope of Assignor’s knowledge and not for the purpose of imposing any liability on or creating any duties running from such individual to Assignee. Assignee covenants that it will bring no action of any kind against such individual related to or arising out of these representations and warranties.

Assignor Representations and Warranties. As of the date hereof and as of the Effective Date, Assignor hereby represents and warrants to Assignee the following: a) Other than the Policy, there are no other insurance policies naming either Seller or Greystar as an insured that provide coverage for wind and/or hail damage to the Property. Insurers are the only carriers obligated to pay any proceeds related to the Insured Event. b) No Rental Value (as defined in Section 7(d) 7(dl of the Policy) loss resulted from the Insured Event. c) Assignor agrees to cooperate with Assignee’s 's efforts to obtain payment of the Maximum Depreciation Holdback, but at no cost or expense to Assignor. The foregoing representations and warranties of Assignor in this Paragraph 7 are expressly limited to Assignor’s 's actual knowledge. As used herein, the actual knowledge of Assignor is limited solely to matters within the actual knowledge (with no duty of due diligence, inquiry or investigation) of Xxxxx Xxxxxx. Assignee acknowledges that the individual named above is named solely for the purpose of defining and narrowing the scope of Assignor’s 's knowledge and not for the purpose of imposing any liability on or creating any duties running from such individual to Assignee. Assignee covenants that it will bring no action of any kind against such individual related to or arising out of these representations and warranties.