Owner Representations and Covenants Sample Clauses

Owner Representations and Covenants. Owner represents to and covenants with Owner as follows:
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Owner Representations and Covenants. The Owner represents and covenants to the Underwriter and the City, as more particularly set forth below, that:
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Owner Representations and Covenants. Owner hereby represents and warrants that:
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Owner Representations and Covenants. (a) The Owner represents to Smugglers’ that the Premises meets Smugglers’ Quality Home standards set forth in Exhibit A and shall cause the Premises to meet the standards while this Agreement is in effect. Smugglers’ may, at its own expense and with sufficient notice to, and approval from, the Owner, from time to time, inspect the Premises to determine compliance and, if it determines that the standard is not met, terminate this Agreement on notice to the Owner without compliance with the requirements of Section 2.02(a). Provided however, that Smugglers shall set forth expressly the reasons why the Premises have not met said Quality Home standards and Smugglers’ has given the Owner the opportunity to remedy or cure within 72 hours of providing the Owner express notice. Failure to approve Smugglers’ request to inspect shall be deemed an inspection failure and express notice shall be given accordingly.
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Owner Representations and Covenants. Owner represents to and covenants with Contractor as follows:
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Related to Owner Representations and Covenants

  • Representations and Covenants In accordance with IRS Notice 2001-82 and IRS Notice 88-129, the Interconnection Customer represents and covenants that (i) ownership of the electricity generated at the Large Generating Facility will pass to another party prior to the transmission of the electricity on the CAISO Controlled Grid, (ii) for income tax purposes, the amount of any payments and the cost of any property transferred to the Participating TO for the Participating TO's Interconnection Facilities will be capitalized by the Interconnection Customer as an intangible asset and recovered using the straight-line method over a useful life of twenty (20) years, and (iii) any portion of the Participating TO's Interconnection Facilities that is a “dual-use intertie,” within the meaning of IRS Notice 88-129, is reasonably expected to carry only a de minimis amount of electricity in the direction of the Large Generating Facility. For this purpose, “de minimis amount” means no more than 5 percent of the total power flows in both directions, calculated in accordance with the “5 percent test” set forth in IRS Notice 88- 129. This is not intended to be an exclusive list of the relevant conditions that must be met to conform to IRS requirements for non-taxable treatment. At the Participating TO’s request, the Interconnection Customer shall provide the Participating TO with a report from an independent engineer confirming its representation in clause (iii), above. The Participating TO represents and covenants that the cost of the Participating TO's Interconnection Facilities paid for by the Interconnection Customer without the possibility of refund or credit will have no net effect on the base upon which rates are determined.

  • Representations and Covenants of the Agent The Agent represents and warrants that it is duly registered as a broker-dealer under FINRA, the Exchange Act and the applicable statutes and regulations of each state in which the Placement Shares will be offered and sold, except such states in which the Agent is exempt from registration or such registration is not otherwise required. The Agent shall continue, for the term of this Agreement, to be duly registered as a broker-dealer under FINRA, the Exchange Act and the applicable statutes and regulations of each state in which the Placement Shares will be offered and sold, except such states in which it is exempt from registration or such registration is not otherwise required, during the term of this Agreement. The Agent shall comply with all applicable law and regulations in connection with the transactions contemplated by this Agreement, including the issuance and sale through the Agent of the Placement Shares.

  • Survival of Covenants, Representations and Warranties All covenants, agreements, representations and warranties made herein or in any documents or other papers delivered by or on behalf of the Borrowers, or any of them, pursuant hereto shall be deemed to have been relied upon by the Lenders, regardless of any investigation made by or on behalf of the Lenders and shall survive the execution and delivery of this Master Agreement and the making by the Lenders of the Loans as herein contemplated and shall continue in full force and effect so long as any Loan, Obligation or any other amount due under this Agreement remains outstanding and unpaid or unsatisfied.

  • Representations and Warranties and Covenants 9 4.1 GENERALLY ........................................................... 9 4.2

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