Other Warranties and Representations Sample Clauses

Other Warranties and Representations. After giving effect to this Amendment and the consent set forth in Section 2 hereof, all of the warranties and representations of Borrower and each Guarantor contained in the Loan Agreement, the Guarantor Guarantees and the other Loan Documents (including, without limitations, this Amendment) are true and correct in all material respects on and as of the date hereof to the same extent as though made on and as of the date hereof (except those representations and warranties made expressly as of a different date).
AutoNDA by SimpleDocs
Other Warranties and Representations. Borrower has no reason to believe that any warranties or representations made in writing by Guarantor or any other Pledgor to Administrative Agent or any Lender are untrue, incomplete or misleading in any material respect.
Other Warranties and Representations. 14.1.1 The Seller represents and warrants that, at or prior to closing, the Premises will be free and clear of all liens and encumbrances, except any assumed mortgages or liens. The Seller represents and warrants to the Buyer the Seller has the exclusive right, power and authority to sell, convey and transfer the Premises in accordance with the terms of this Contract. 14.1.2 The Seller represents and warrants to the Buyer that, to the best of the Seller’s knowledge, there is no pending or threatened litigation concerning the Premises. 14.1.3 The Seller represents to the Buyer that, to the best of the Seller’s knowledge, the Premises are free of toxic or hazardous substances as those terms are defined under any federal, state or local environmental laws, rules or regulations. 14.1.4 The Seller represents to the Buyer that, to the best of the Seller’s knowledge, the Premises and any improvements thereon are in full compliance with restrictive covenants and all statutes, ordinances, regulations, and/or other administrative enactments including but not limited to Building Codes and Zoning Ordinances for the present use and that neither the Seller nor the Seller’s agent has received notice or has any knowledge of any violation thereof. 14.1.5 The Seller will promptly notify the Buyer if the Seller becomes more than two (2) months in arrears on any obligations to make mortgage loan payments or if the Seller is notified the Premises are subject to a foreclosure proceeding or tax sale. 14.1.6 The Seller shall not do anything, or fail to do anything, between the Contract date and the Closing Date which would affect any of the foregoing representations or which would detrimentally affect the marketability of the Premises.
Other Warranties and Representations. The representations and warranties set forth in this Section 12.3 shall be true as of the date of this Agreement and as of the Close of Escrow. Buyer and Seller, each to the other, hereby represent and warrant that (a) the transaction contemplated by this Agreement has been duly authorized by all necessary actions or approvals on the part of Buyer and Seller, respectively, (b) no other authorizations or approvals are necessary to enable the warranting party to enter into and perform this Agreement, (c) the warranting party is duly organized and existing and in good standing under the laws of the state of its formation and the State of California, (d) the warranting party has full right, capacity, power and authority to enter into this Agreement and carry out the terms of this Agreement, and
Other Warranties and Representations. (a) Warranties as to Each Loan Sold. Seller represents and warrants as to each loan offered for sale under this Agreement that: (1) The applicable loan documents have been duly executed by the loan debtor, acknowledged and recorded; and the loan is valid and complies with all applicable lending laws and regulations; (2) The loan debtor has duly executed appropriate evidence indicating that the loan debtor has received the disclosure materials as required by applicable law and regulations; (3) The full original principal amount of the loan has been advanced to the loan debtor, either by direct payment, or by payment made on the loan debtor's request or approval; the unpaid principal balance is as stated; all costs, fees and expenses incurred in making, closing and recording the loan have been paid; no part of the security property has been released from the lien of the loan; the terms of the loan have in no way been changed or modified; and the loan is current and not in default; (4) Each loan which Seller represents to be insured by a private mortgage insurance company, or to be insured or guaranteed as defined in ARTICLE I of this Agreement, is so insured or guaranteed; (5) There is in force a paid-up title insurance policy on the loan or other documentary evidence affirming the quality and validity of Seller's lien securing the loan, meeting the specifications of ARTICLE II, Section 2.02(b)(13) of this Agreement; (6) The assignment, if any, of the loan from the Seller to Buyer is valid and sufficient; (7) All documents submitted are genuine, and all other representations as to each loan sold are true and correct and meet the requirements and specifications of all parts of this Agreement; and (8) There is in force such flood insurance policy as is required under the Flood Disaster Protection Act of 1973, as amended, and implementing and other regulations; and (9) The improvements on the premises securing each loan are kept insured by hazard insurance policies issued by a company acceptable to Buyer: (1) in an amount at least equal to the outstanding principal of the loan, or the full insurable value of the improvements, whichever is less, (ii) of a type substantially in the form of and at least as protective as the fire and extended coverage contained in the "New York" loss mortgage clause (also known as "standard" or "union" loss mortgage clause) which provides that the Seller's hazard insurance is not invalidated by acts of the loan debtor, and (iii) co...
Other Warranties and Representations. Seller warrants their Servicer will not waive, modify, release or consent to postponement on the part of the loan debtor of any term or provision of the loan contract without the written consent of Buyer.
Other Warranties and Representations. Contractor further warrants and represents that: (1) all products, software, and services to be provided hereunder shall conform to the requirements of the Contact Documents in all material respects, all products and equipment provided hereunder shall be new. and all work performed hereunder shall be performed by persons with the necessary skills, experience and knowledge;
AutoNDA by SimpleDocs
Other Warranties and Representations. All of the warranties and representations of Borrower and each Guarantor contained in the Loan Agreement, the Guarantor Guarantees, and the other Loan Documents (including, without limitation, this Amendment) are true and correct in a material respects on and as of the date hereof (except those representations and warranties made expressly as of a different date).
Other Warranties and Representations. Seller represents and warrants to Purchaser as of the date of this Agreement as follows:
Other Warranties and Representations. The Town makes the following promises and statements of fact, with the intention that Xxxxxx will rely on them in making its decision to enter into the transactions contemplated by this Agreement.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!