Common use of Cooperation by HPP Clause in Contracts

Cooperation by HPP. The HPP Partnerships shall deliver to Claremont copies of all documents in the possession of, or available to, the HPP Partnerships which relate to the HPP Partnerships and/or the financing, operation, management and leasing of each Property. The HPP Partnerships acknowledge that the Services provided by Claremont will be based in large part on information received from the HPP Partnerships. Claremont shall be entitled to assume that all such information (including, without limitation, financial statements and other financial data) received from the HPP Partnerships shall be complete and accurate, and that such information will not contain, or omit to contain, any statement of material fact known by the HPP Partnerships to be false or misleading. Claremont will not (and shall have no obligation to the HPP Partnerships to) undertake to make an independent verification of any such information unless specifically requested to do so by the HPP Partnerships in writing. The HPP Partnerships hereby represent to Claremont that no information furnished or to be furnished by the HPP Partnerships hereunder or in connection with the consulting services to be provided by Claremont hereunder, contains or will contain any untrue statement of a material fact, or omits or will omit to state a material fact necessary to make such information not misleading. The HPP Partnerships hereby agree that they have an affirmative obligation hereunder to disclose any material facts necessary to enable Claremont to provide its Services hereunder.

Appears in 2 contracts

Samples: Asset Management Agreement (Historic Preservation Properties 1989 Limited Partnership), Asset Management Agreement (Historic Preservation Properties 1990 Lp Tax Credit Fund)

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Cooperation by HPP. The HPP Partnerships shall deliver to Claremont Xxxx copies of all documents in the possession of, or available to, the HPP Partnerships which relate to the HPP Partnerships and/or the financing, operation, management and leasing of each Property. The HPP Partnerships acknowledge that the Services provided by Claremont Xxxx will be based in large part on information received from the HPP Partnerships. Claremont Xxxx shall be entitled to assume that all such information (including, without limitation, financial statements and other financial data) received from the HPP Partnerships shall be complete and accurate, and that such information will not nit contain, or omit to contain, any statement of material fact known by the HPP Partnerships to be false or misleading. Claremont Xxxx will not (and shall have no obligation to the HPP Partnerships to) undertake to make an independent verification of any such information unless specifically requested to do so by the HPP Partnerships in writing. The HPP Partnerships hereby represent to Claremont Xxxx that no information furnished or to be furnished by the HPP Partnerships hereunder or in connection with the consulting services to be provided by Claremont Xxxx hereunder, contains or will contain any untrue statement of a material fact, or omits or will omit to state a material fact necessary to make such information not misleading. The HPP Partnerships hereby agree that they have an affirmative obligation hereunder to disclose any material facts necessary to enable Claremont Xxxx to provide its Services hereunder.

Appears in 1 contract

Samples: Asset Management Agreement (Historic Preservation Properties 1990 Lp Tax Credit Fund)

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Cooperation by HPP. The HPP Partnerships shall deliver to Claremont Gunn copies of all documents dxxxxents in the possession of, or available to, the HPP Partnerships which relate to the HPP Partnerships and/or the financing, operation, management and leasing of each Property. The HPP Partnerships acknowledge that the Services provided by Claremont Gunn will be based in large part largx xxrt on information received from the HPP Partnerships. Claremont Gunn shall be entitled to assume tx xssume that all such information (including, without limitation, financial statements and other financial data) received from the HPP Partnerships shall be complete and accurate, and that such information will not nit contain, or omit to contain, any statement of material fact known by the HPP Partnerships to be false or misleading. Claremont Gunn will not (and shall shaxx have no obligation to the HPP Partnerships to) undertake to make an independent verification of any such information unless specifically requested to do so by the HPP Partnerships in writing. The HPP Partnerships hereby represent to Claremont Gunn that no information furnished xxrnished or to be furnished by the HPP Partnerships hereunder or in connection with the consulting services to be provided by Claremont Gunn hereunder, contains or will xx xill contain any untrue statement of a material fact, or omits or will omit to state a material fact necessary to make such information not misleading. The HPP Partnerships hereby agree that they have an affirmative obligation hereunder to disclose any material facts necessary to enable Claremont Gunn to provide its Services hereunderServicxx xereunder.

Appears in 1 contract

Samples: Asset Management Agreement (Historic Preservation Properties 1989 Limited Partnership)

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