Express Covenants Sample Clauses

Express Covenants. 9 Section 4.3. Breaches of Representations/Warranties and Covenants..............................10 Section 4.4. Indemnification............................10 Section 4.5. Buyer's Representations....................11
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Express Covenants. In addition to the covenants contained elsewhere in this Agreement, it is hereby covenanted and agreed as follows:
Express Covenants. All express covenants of Lessee contained in this Lease are in addition to, and not in the place of, the covenants of a lessee under an oil and gas lease that are implied under applicable law.
Express Covenants o Based on freedom of contract, subject to statutory exceptions (such as s 61 RTA (SA) which limits the amount of security bond) § Common Express Covenants: • Rent reviews: interval and formula • Rent Indexation (CPI) • Insurance • Arbitration • Opening house • Restrictive useAllocation of repair responsibilityRestrictions on assignment and subletting o Usual covenants: § Hampshire v Xxxxxxx • Covenants by tenantto pay rates and taxes except those usually paid by Landlord, to keep property in good conditions, to allow the Landlord to enter to inspect every 3 or 6 months. o Covenants implied at Common Law: § Land Lord to give quiet enjoyment • Southwark London Borough Council v Millis § Non-derogation from grant by Land Lord • Xxxxxx v Lidcombe Developments Pty Ltd § Using the premises in a tenant-like manner • Xxxxxx x Xxxx § Land lord under duty to take reasonable care for safety of occupants • Xxxxx v Xxxxxxxx o BUT there is no such thing as absolute safety. o Covenants Implied by Common Law for Business Efficacy: § Liverpool XX x Xxxxx • An implied covenant can exist to keep common parts of the building in repair. • This should not be interpreted too widely. • Do not imply a covenant just because it seems reasonable to do so. § Karaggianis v Maltown Pty Ltd • A covenant to repair the lifts and escalator exist. • The covenant was necessary to give business efficacy. o Covenants Implied by statute: § RPA ss 124-125 • Uniform statutory provisions in all other jurisdictions • Only applies to Torrens system in SA Section 124 ‘Every lease there shall be implied the following covenants by the lessee and the lessor, that is to say:
Express Covenants 

Related to Express Covenants

  • Survival of Representations, Warranties, Covenants and Agreements The representations and warranties made by Sellers and, prior to the Closing, the Companies in this Agreement or any certificate delivered by Sellers (or, prior to the Closing, the Companies) pursuant hereto shall survive the Closing until (and claims based upon or arising out of such representations and warranties may be asserted at any time before but in no event after) the date that is twelve (12) months following the Closing Date; provided, however, (i) the representations and warranties made by the applicable Selling Parties in Section 4.3 and Section 6.3 hereof shall survive the Closing until the later of (x) eighteen (18) months following the Closing or (y) the satisfaction of the Holdback Condition, and (ii) there shall be no limitation on the time within which notice of a claim based on fraud on the part of any party hereto may be made. The termination of the representations and warranties to the extent provided herein shall not affect a party in respect of any claim made by such party in reasonable detail in a writing received by the Indemnifying Party prior to the expiration of the applicable survival period provided herein. The covenants and agreements of the parties contained in this Agreement shall survive the Closing in perpetuity; provided that claims based upon or arising out of the Selling Parties’ covenants in Section 9.1 and Section 9.2 hereof must be made by the Indemnified Parties in reasonable detail in a writing received by the applicable Indemnifying Party prior to the date that is twelve (12) months following the Closing. The Indemnifying Parties’ indemnification obligations pursuant to Section 12.2(a)(iii), Section 12.2(b)(iii), Section 12.3(a) and Section 12.3(b) hereof (other than with respect to obligations arising under Section 9.22, which shall survive the Closing until ten (10) days following the final determination of the Multiemployer Plan Liabilities under Section 9.22) and Buyer’s indemnification obligations pursuant to Section 12.3(c) hereof shall expire on the date that is eighteen (18) months from the Closing Date; provided, however, that the expiration of such indemnification obligations shall not affect an Indemnified Party or Seller Indemnified Party (with respect to their indemnification rights under Section 12.3(c)) in respect of any claim made by such party in reasonable detail in a writing received by the Indemnifying Party or Buyer, as applicable, prior to the expiration of such eighteen (18) month period (or the applicable period described above with respect to obligations arising under Section 9.22 hereof).

  • Nonsurvival of Representations, Warranties and Covenants None of the representations, warranties, covenants, obligations or other agreements in this Agreement or in any certificate, statement or instrument delivered pursuant to this Agreement, including any rights arising out of any breach of such representations, warranties, covenants, obligations, agreements and other provisions, shall survive the Closing and all such representations, warranties, covenants, obligations or other agreements shall terminate and expire upon the occurrence of the Closing (and there shall be no liability after the Closing in respect thereof), except for (a) those covenants and agreements contained herein that by their terms expressly apply in whole or in part after the Closing and then only with respect to any breaches occurring after the Closing and (b) this Article X and any corresponding definitions set forth in Article I.

  • REPRESENTATIONS, COVENANTS, AND WARRANTIES OF THE COMPANY The Company represents, covenants and warrants that:

  • General Representations, Covenants and Warranties To induce each Revolving Credit Lender to establish the credit facility contemplated herein and to induce the Revolving Credit Lenders to provide loans and advances under the Revolving Credit (each of which loans shall be deemed to have been made in reliance thereupon) the Borrowers, in addition to all other representations, warranties, and covenants made by any Borrower in any other Loan Document, make those representations, warranties, and covenants included in this Agreement.

  • Survival of Representations, Warranties and Covenants The representations, warranties and covenants of the Company, Parent and Merger Sub contained in this Agreement will terminate at the Effective Time, except that any covenants that by their terms survive the Effective Time will survive the Effective Time in accordance with their respective terms.

  • REPRESENTATIONS, COVENANTS AND WARRANTIES The Company represents, covenants and warrants as follows:

  • Representations, Warranties and Covenants of Company The Company represents and warrants to, and covenants with, the Subscriber as follows:

  • Survival of Representations and Warranties and Covenants All representations and warranties made by the parties hereto, and all covenants and other agreements of the parties hereto, in this Subscription Agreement shall survive the Closing.

  • Survival of Warranties and Agreements All representations and warranties made herein and all obligations of the Borrower in respect of taxes, indemnification and expense reimbursement shall survive the execution and delivery of this Agreement and the other Loan Documents, the making and repayment of the Loans, the issuance and discharge of Letters of Credit hereunder and the termination of this Agreement and shall not be limited in any way by the passage of time or occurrence of any event and shall expressly cover time periods when the Administrative Agent, any of the other Agents or any of the other Lenders may have come into possession or control of any Property of the Borrower or any of its Subsidiaries.

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