Common use of BREACH OF REPRESENTATIONS, WARRANTIES AND COVENANTS Clause in Contracts

BREACH OF REPRESENTATIONS, WARRANTIES AND COVENANTS. Notwithstanding the provisions of 8.2 above, Seller shall indemnify Purchaser for all reasonable costs incurred as a result of the failure of any of Seller's representations, warranties or covenants contained herein to remain true as of the date of closing.

Appears in 7 contracts

Samples: Purchase Contract (Apple Residential Income Trust Inc), Purchase Contract (Apple Residential Income Trust Inc), Purchase Contract (Apple Residential Income Trust Inc)

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BREACH OF REPRESENTATIONS, WARRANTIES AND COVENANTS. Notwithstanding the provisions of 8.2 above, Seller shall indemnify Purchaser for all reasonable costs (not to exceed $50,000) incurred as a result of the failure of any of Seller's representations, warranties or covenants contained herein to remain true as of the date of closingclosing caused by an act of Seller.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

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BREACH OF REPRESENTATIONS, WARRANTIES AND COVENANTS. Notwithstanding the provisions of 8.2 above, Seller shall indemnify Purchaser for all reasonable direct, out of pocket costs incurred as a result of the willful failure of any of Seller's representations, warranties or covenants contained herein to remain true as of the date of closing, but in no event shall Seller's liability exceed the amount of $25,000.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

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