Lessor Warranties Sample Clauses
The Lessor Warranties clause sets out the assurances or guarantees that the lessor makes regarding the leased property. Typically, this clause confirms that the lessor has the legal right to lease the property, that the property is in a certain condition, and that it complies with relevant laws and regulations. For example, the lessor may warrant that there are no undisclosed liens or encumbrances on the property. The core function of this clause is to protect the lessee by ensuring that the property meets certain standards and that the lessor is authorized to enter into the lease, thereby reducing the lessee’s risk of unforeseen legal or property issues.
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Lessor Warranties. Except as specifically set forth herein, Lessor makes no representations or warranties of any kind whatsoever to Lessee in connection, with the subject matters as described in this Agreement. Specifically, but not by way of limitation, Lessor makes no representations or warranties as to the suitability of the Project for the purposes as intended by Lessee pursuant to the provisions of this Agreement and makes no representations or warranties as to the profitability or other success of the services to be provided by Lessee hereunder.
Lessor Warranties. Lessor hereby delivers to Lessee full and exclusive possession of the property as of the effective date hereof. Lessor agrees that, so long as Lessee is complying with its obligations under this Lease, Lessee will peaceably and quietly have, hold and enjoy the property throughout the term hereof. Lessor represents and warrants that lessor is the owner of the property and has the full right, title, and power to lease the property to Lessee on the terms stated herein without the consent or approval of any other party which has not been obtained.
Lessor Warranties. In connection with its construction of Improvements, Lessor represents and warranties: a. That the air conditioning, heating and ventilation system installed in the demised premises shall meet with any applicable federal and local standards and comply with Title 24 of the California Administrative Code as applied by the Uniform Building Code of the City of Vista as of the time of installation of such system.
Lessor Warranties. Lessor warrants all things have happened and have been done to make its granting of said Lease effective and that Lessee shall have peaceful possession and quiet enjoyment of the leased premises during the term hereof, upon performance of Lessee's covenants herein.
Lessor Warranties. Lessor and, if applicable, its assigns and successors, represent and warrant that throughout the Term of this Lease any RECs transferred to the Judicial Council will conform to the definition and attributes required for compliance with California’s renewables portfolio standard, as set forth in California Public Utilities Commission (“CPUC”) Decision ▇▇-▇▇-▇▇▇, and as may be modified by subsequent decision of the CPUC or by subsequent legislation. To the extent a change in Applicable Laws occurs after execution of this Lease that causes this representation and warranty to be materially false or misleading, it shall not be an Event of Default if Lessor has used commercially reasonable efforts to comply with such change in law. Rebates and Other Incentives. Any grant, rebate, incentive payment, or credit by the Utility paid as a result of the design, construction, and operation of the System shall inure to the benefit of Lessor. The Judicial Council will cooperate in good faith as necessary to enable Lessor to obtain all available incentives and rebates, including assignment to Lessor of any incentive received by the Judicial Council in connection with the System. Nothing in this Section 4.5 is intended to change or modify the Judicial Council’s rights and interests in all Environmental Attributes other than the RECs as provided for in Section 4.4.
Lessor Warranties. Lessor warrants to Lessee that: (i) it has all necessary limited liability company authority to execute and deliver this Agreement and (ii) assuming the accuracy of the representations and warranties given by Lessee to Lessor with respect to the Acquired Assets (as defined in APA) in connection with the Sale-Leaseback Transactions, (A) Lessor has the authority to grant the licenses described this Section 4 to Lessee and the grant of such licenses will not violate any agreement to which Lessor is a party or is bound (the “License-Related Warranties”). Notwithstanding the foregoing or anything herein to the contrary, Lessor’s warranties with respect to any equipment (including Analyzers), software, applications, or information owned or licensed by Lessor or its Affiliate (collectively, the “Lessor Assets”) prior to the Effective Date hereof is not qualified in any respect by the accuracy of any representation or warranty given by Lessee.
Lessor Warranties. Lessor and, if applicable, its assigns and successors, represent and warrant that throughout the Term of this Lease any RECs transferred to the Judicial Council will conform to the definition and attributes required for compliance with California’s renewables portfolio standard, as set forth in California Public Utilities Commission (“CPUC”) Decision ▇▇-▇▇-▇▇▇, and as may be modified by subsequent decision of the CPUC or by subsequent legislation. To the extent a change in Applicable Laws occurs after execution of this Lease that causes this representation and warranty to be materially false or misleading, it shall not be an Event of Default if Lessor has used commercially reasonable efforts to comply with such change in law. Rebates and Other Incentives. Other than RECs, any grant, rebate, incentive payment, or credit by the Utility paid as a result of the design, construction, and operation of the System shall inure to the benefit of Lessor including Federal Investment Tax Credits. Federal Investment Tax Credits shall mean any and all (a) depreciation benefits, (b) investment tax credits, (c) production tax credits and (d) similar tax credits or grants under federal, state, or local law relating to the construction, ownership, or production of electric energy from the Solar PV System. The Judicial Council will cooperate in good faith as necessary to enable Lessor to obtain all available incentives and rebates, including assignment to Lessor of any incentive received by the Judicial Council in connection with the System. Nothing in this section 5.3 is intended to change or modify the Judicial Council’s rights and interests in all Environmental Attributes as provided for in section 5.