Contingent property liabilities. So far as the Sellers are aware, the Subsidiary is not a guarantor of the tenant's covenants in any lease and in particular none of the Companies has entered into an authorised guarantee agreement under the Landlord & Tenant (Covenants) Xxx 0000, s16 in respect of any property. So far as the Sellers are aware, the Subsidiary has not surrendered the lease of any leasehold property to the reversioner without first investigating the reversioner's title and without receiving from the reversioner an absolute release from the tenant's covenants in the relevant lease and from all liability arising under the lease. So far as the Sellers are aware, the Subsidiary has not assigned or transferred any leasehold property of which it was the original tenant or in respect of which it entered into a covenant with the landlord to observe and perform the tenant's covenants under that lease without receiving a full and effective indemnity (a copy of which is annexed to the Disclosure Letter) in respect of its liability under that lease or assigned or otherwise disposed of any leasehold property in such a way that it retains any other residual liability in respect thereof So far as the Sellers are aware, the Subsidiary has not conveyed or transferred any freehold property in respect of which it entered into any covenant (including an indemnity covenant) which continues to bind it without having received a full and effective indemnity (a copy of which is annexed to the Disclosure Letter) in respect of its liability under that covenant.
Contingent property liabilities. No Group Company:
Contingent property liabilities. (a) No Group Company is a guarantor of the tenant’s covenants in any lease, including under any authorised guarantee agreement.
