Common use of Condition of the Leased Property Clause in Contracts

Condition of the Leased Property. Lessee acknowledges receipt and delivery of possession of the Leased Property. Lessee has examined and otherwise has knowledge of the condition of the Leased Property and has found the same to be satisfactory for its purposes hereunder. In addition, to the extent permitted by law, Lessor hereby grants to Lessee the right to proceed against any Predecessor in title for breaches of warranties or representations or for latent defects in the Leased Property. Lessor shall fully cooperate with Lessee in the prosecution of any such claim, in Lessor's or Lessee's name. Without limiting the Lessor's representations and warranties contained in this Lease or in the Master Agreement, the Lessor reiterates its disclaimer of warranty contained in Section 1.1.6 hereof.

Condition of the Leased Property. Lessee acknowledges receipt and delivery of possession of the Leased Property. Lessee has examined and otherwise has knowledge of the condition of the Leased Property and has found the same to be satisfactory for its purposes hereunder. In addition, to the extent permitted by law, Lessor hereby grants to Lessee the right to proceed against any Predecessor in title for breaches of warranties or representations or for latent defects in the Leased Property. Lessor shall fully cooperate with Lessee in the prosecution of any such claim, in Lessor's or Lessee's name. Without limiting the Lessor's representations and warranties contained in this Lease or in the Master AgreementLease, the Lessor reiterates its disclaimer of warranty contained in Section 1.1.6 hereof.