Common use of NO LIABILITIES OR ADVERSE CONDITIONS Clause in Contracts

NO LIABILITIES OR ADVERSE CONDITIONS. Except as and to the extent of the amounts specifically reflected in the Financial Information, Westlake does not have any material liabilities or obligations of any nature with respect to the Center, whether, absolute, accrued, contingent or otherwise and whether due or to become due (including, without limitation, liabilities for taxes and interest, penalties and other charges payable with respect thereto). Furthermore, Westlake does not know or have reason to know of any basis for the assertion against Westlake of any such liability or obligation of any nature not fully reflected in the Financial Information. There are no conditions existing with respect to any of Westlake's facilities, properties, assets or personnel, which might materially and adversely affect any of the Center's properties, business or prospects.