{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dUu0ZeODNt5", "uri": "/contracts/dUu0ZeODNt5#owners-agreement", "label": "Loan and Security Agreement (Empire of Carolina Inc)", "score": 18.0, "published": true}, {"hash": "dBd3wO8ahSA", "uri": "/contracts/dBd3wO8ahSA#owners-agreement", "label": "Loan and Security Agreement (Empire of Carolina Inc)", "score": 18.0, "published": true}], "snippet": "Borrower shall cause to be executed in favor of Bank and delivered to Bank a Owner's Agreement from each owner of property(ies) set forth on Exhibit B.", "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "to-be-executed", "type": "clause", "offset": [21, 35]}, {"key": "in-favor-of", "type": "clause", "offset": [36, 47]}, {"key": "bank-a", "type": "definition", "offset": [70, 76]}], "size": 2, "hash": "fec585c7050b015b8db9a586cddc97d0", "id": 2}, {"samples": [{"hash": "8pcr7p6FvOU", "uri": "/contracts/8pcr7p6FvOU#owners-agreement", "label": "Limited Warranty", "score": 28.114681447, "published": true}, {"hash": "gt86T39hZ1z", "uri": "/contracts/gt86T39hZ1z#owners-agreement", "label": "Limited Warranty", "score": 28.0990960889, "published": true}, {"hash": "2rPjCILu7xo", "uri": "/contracts/2rPjCILu7xo#owners-agreement", "label": "Limited Warranty", "score": 28.0524484944, "published": true}], "snippet": "\u2587\u2587\u2587\u2587\u2587 would not agree to assume the obligations contained in this Warranty in the absence of any of the limitations and exclusions contained herein. Therefore, (1) OWNER\u2019s agreement to each and every term of this Warranty is an essential condition precedent to \u2587\u2587\u2587\u2587\u2587\u2019\u2587 obligations hereunder; (2) in the absence of such agreement by the OWNER the Product(s) is sold AS IS AND WITHOUT ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING OF MERCHANTABILITY OR FITNESS FOR", "snippet_links": [{"key": "to-assume", "type": "clause", "offset": [22, 31]}, {"key": "the-obligations", "type": "clause", "offset": [32, 47]}, {"key": "contained-in", "type": "definition", "offset": [48, 60]}, {"key": "limitations-and-exclusions", "type": "clause", "offset": [104, 130]}, {"key": "agreement-to", "type": "definition", "offset": [172, 184]}, {"key": "term-of-this", "type": "clause", "offset": [200, 212]}, {"key": "condition-precedent", "type": "definition", "offset": [238, 257]}, {"key": "by-the-owner", "type": "clause", "offset": [329, 341]}, {"key": "implied-warranties", "type": "clause", "offset": [398, 416]}], "size": 16, "hash": "e9500c58615a4a41be85047a932983d7", "id": 1}, {"samples": [{"hash": "2v7FoV39uAF", "uri": "/contracts/2v7FoV39uAF#owners-agreement", "label": "Settlement Agreement (Interstate Hotels Co)", "score": 18.0, "published": true}], "snippet": "Simultaneously with the Divestiture, the respective owners of the Exhibit B Hotels, Wyndham, IHC II, LLC and Marriott shall enter into Owner Agreements in the form attached as Exhibit H hereto, and shall use reasonable best efforts to provide written consents from all entities (other than Patriot) which own or have any mortgage interest in the Exhibit B Hotels to provide non-disturbance assurances as set forth in the Submanagement Agreement with respect to such hotels.", "snippet_links": [{"key": "simultaneously-with-the", "type": "clause", "offset": [0, 23]}, {"key": "exhibit-b", "type": "definition", "offset": [66, 75]}, {"key": "owner-agreements", "type": "definition", "offset": [135, 151]}, {"key": "exhibit-h", "type": "definition", "offset": [176, 185]}, {"key": "use-reasonable-best-efforts", "type": "clause", "offset": [204, 231]}, {"key": "to-provide", "type": "definition", "offset": [232, 242]}, {"key": "written-consents", "type": "definition", "offset": [243, 259]}, {"key": "all-entities", "type": "clause", "offset": [265, 277]}, {"key": "provide-non", "type": "clause", "offset": [366, 377]}, {"key": "with-respect-to", "type": "clause", "offset": [445, 460]}], "size": 2, "hash": "3ae62b3fe3774664f3f8575ec1384971", "id": 3}, {"samples": [{"hash": "cwRX3UMrccU", "uri": "/contracts/cwRX3UMrccU#owners-agreement", "label": "Purchase and Sale Agreement (Us Automobile Acceptance SNP Iv Inc)", "score": 18.0, "published": true}], "snippet": "It is acknowledged and agreed that Owners substantially own and control Seller and derive material monetary benefit from said legal entity. As an inducement to Purchaser to buy the Contracts Owners hereby unconditionally, irrevocably and absolutely guarantee performance of the Seller's obligations representations, warranties and covenants hereunder. INSERT TO CONTINUING PURCHASE AND SALE AGREEMENT - ARTICLE 4 DELINQUENCIES; REPLACEMENT OF CONTRACTS", "snippet_links": [{"key": "agreed-that", "type": "clause", "offset": [23, 34]}, {"key": "monetary-benefit", "type": "clause", "offset": [99, 115]}, {"key": "legal-entity", "type": "definition", "offset": [126, 138]}, {"key": "to-purchaser", "type": "definition", "offset": [157, 169]}, {"key": "the-contracts", "type": "clause", "offset": [177, 190]}, {"key": "performance-of-the-seller", "type": "clause", "offset": [259, 284]}, {"key": "warranties-and-covenants", "type": "clause", "offset": [316, 340]}, {"key": "purchase-and-sale-agreement", "type": "definition", "offset": [373, 400]}, {"key": "article-4", "type": "definition", "offset": [403, 412]}, {"key": "replacement-of", "type": "clause", "offset": [428, 442]}], "size": 2, "hash": "5a3155f5ce57061f6e9c1274741c9a81", "id": 4}, {"samples": [{"hash": "caANQXbz0v8", "uri": "/contracts/caANQXbz0v8#owners-agreement", "label": "Purchase Contract (Apple REIT Ten, Inc.)", "score": 22.3415468857, "published": true}], "snippet": "Simultaneously with the execution of this Agreement, Owner shall obtain from the Fee Owner and Landlord under the TRS Lease Agreement and deliver to Manager, a duly executed \u201cOwner\u2019s Agreement\u201d in favor of Manager, substantially in the form attached hereto as Exhibit C.", "snippet_links": [{"key": "execution-of-this-agreement", "type": "clause", "offset": [24, 51]}, {"key": "obtain-from", "type": "clause", "offset": [65, 76]}, {"key": "fee-owner", "type": "definition", "offset": [81, 90]}, {"key": "lease-agreement", "type": "clause", "offset": [118, 133]}, {"key": "to-manager", "type": "definition", "offset": [146, 156]}, {"key": "duly-executed", "type": "clause", "offset": [160, 173]}, {"key": "in-favor-of", "type": "clause", "offset": [194, 205]}, {"key": "attached-hereto-as-exhibit", "type": "definition", "offset": [241, 267]}], "size": 2, "hash": "1a773de301781351ee2df32e571f1f6d", "id": 5}, {"samples": [{"hash": "7ybjVb4X5oH", "uri": "/contracts/7ybjVb4X5oH#owners-agreement", "label": "Owners Annual Agreement", "score": 21.2908966461, "published": true}], "snippet": "a. An Owners Agreement is available to any Member of a Wesleyan Church or those denominations of like faith and beliefs. This agreement represents unity of purpose, prayer support and a desire to advance God\u2019s kingdom through the ministries of Fairmount Camp.\nb. A new owner shall pay a one-time fee of $50 before entering into any other agreement. This fee is non-refundable and non-transferable (except to a spouse or child who is also a Member of a Wesleyan Church). Should participant cease to be a Member of a Wesleyan Church, or a member of a like denomination, a request should be submitted to the Public Relations Committee of the Camp Board of Trustees regarding a continuation of this agreement.\nc. Own a cottage building and/or lease a cottage site.\nd. Own a campsite slab and/or lease a specific camper site and have first right of reservation and use of a specific undeveloped or slab campsite for the next camping season when annual fees are paid in full no later than May 1st.", "snippet_links": [{"key": "available-to", "type": "definition", "offset": [26, 38]}, {"key": "to-advance", "type": "definition", "offset": [193, 203]}, {"key": "new-owner", "type": "definition", "offset": [265, 274]}, {"key": "entering-into", "type": "clause", "offset": [314, 327]}, {"key": "any-other-agreement", "type": "definition", "offset": [328, 347]}, {"key": "a-member-of", "type": "clause", "offset": [438, 449]}, {"key": "public-relations-committee", "type": "clause", "offset": [605, 631]}, {"key": "board-of-trustees", "type": "definition", "offset": [644, 661]}, {"key": "continuation-of-this-agreement", "type": "clause", "offset": [674, 704]}, {"key": "right-of", "type": "definition", "offset": [835, 843]}, {"key": "camping-season", "type": "definition", "offset": [920, 934]}, {"key": "annual-fees", "type": "clause", "offset": [940, 951]}, {"key": "paid-in-full", "type": "clause", "offset": [956, 968]}], "size": 2, "hash": "78104f8561f977990a7602bc5ed92d03", "id": 6}, {"samples": [{"hash": "l7cntZgetLh", "uri": "/contracts/l7cntZgetLh#owners-agreement", "label": "Asset Purchase Agreement (Akrion, Inc.)", "score": 21.0, "published": true}], "snippet": "VantagePoint shall have entered into the Owner\u2019s Agreement in the form of Exhibit D attached hereto (the \u201cOwner\u2019s Agreement\u201d).", "snippet_links": [{"key": "entered-into", "type": "clause", "offset": [24, 36]}, {"key": "the-owner", "type": "definition", "offset": [37, 46]}, {"key": "form-of", "type": "definition", "offset": [66, 73]}, {"key": "exhibit-d", "type": "definition", "offset": [74, 83]}], "size": 1, "hash": "05ac5aff2cdd5eec083ef5ac3032898d", "id": 7}, {"samples": [{"hash": "g8X4B0yU0QH", "uri": "/contracts/g8X4B0yU0QH#owners-agreement", "label": "Securities Purchase Agreement (Firstcity Financial Corp)", "score": 18.0, "published": true}], "snippet": "The IFA Entities and the MG Entities shall have agreed upon a form of amendment and restatement of the Owners Agreement, which shall be in form and substance satisfactory to the IFA Entities and the MG Entities, and the parties to the Owners Agreement shall have executed such amended and restated Owners Agreement to be held in escrow pending Closing.", "snippet_links": [{"key": "ifa-entities", "type": "definition", "offset": [4, 16]}, {"key": "mg-entities", "type": "definition", "offset": [25, 36]}, {"key": "have-agreed", "type": "clause", "offset": [43, 54]}, {"key": "the-owners", "type": "definition", "offset": [99, 109]}, {"key": "form-and-substance", "type": "clause", "offset": [139, 157]}, {"key": "the-parties", "type": "definition", "offset": [216, 227]}, {"key": "amended-and-restated", "type": "definition", "offset": [277, 297]}, {"key": "agreement-to-be", "type": "clause", "offset": [305, 320]}, {"key": "held-in-escrow", "type": "clause", "offset": [321, 335]}, {"key": "pending-closing", "type": "clause", "offset": [336, 351]}], "size": 1, "hash": "e568f99cc1b82d56630904c8eac29816", "id": 8}, {"samples": [{"hash": "cwRX3UMrccU", "uri": "/contracts/cwRX3UMrccU#owners-agreement", "label": "Purchase and Sale Agreement (Us Automobile Acceptance SNP Iv Inc)", "score": 18.0, "published": true}], "snippet": "It is acknowledged and agreed that Owners substantially own and control Seller and derive material monetary benefit from said legal entity. As an inducement to Purchaser to buy the Contracts Owners hereby unconditionally, irrevocably and absolutely guarantee performance of the Seller's obligations representations, warranties and covenants hereunder, including specifically Section 4.1 hereof, and the continued existence of Seller throughout the term of any Contract. In the event of default, including delinquency for a period of thirty (30) days, in any Contract, however, Guarantor shall have the option to select and substitute in a similar instrument acceptable to the Purchaser, of like amount with similar provisions, including yield, term, and aggregate future payments, secured by collateral of equal or greater fair market value, if same is effected within ten (10) days. In no event will the amount collectible under the substituted Contract be any less than the amount collectible under the defaulted Contract.", "snippet_links": [{"key": "agreed-that", "type": "clause", "offset": [23, 34]}, {"key": "monetary-benefit", "type": "clause", "offset": [99, 115]}, {"key": "legal-entity", "type": "definition", "offset": [126, 138]}, {"key": "to-purchaser", "type": "definition", "offset": [157, 169]}, {"key": "the-contracts", "type": "clause", "offset": [177, 190]}, {"key": "performance-of-the-seller", "type": "clause", "offset": [259, 284]}, {"key": "warranties-and-covenants", "type": "clause", "offset": [316, 340]}, {"key": "section-41", "type": "clause", "offset": [375, 386]}, {"key": "continued-existence-of-seller", "type": "clause", "offset": [403, 432]}, {"key": "term-of", "type": "clause", "offset": [448, 455]}, {"key": "event-of-default", "type": "definition", "offset": [477, 493]}, {"key": "period-of", "type": "definition", "offset": [523, 532]}, {"key": "option-to", "type": "clause", "offset": [602, 611]}, {"key": "the-purchaser", "type": "definition", "offset": [672, 685]}, {"key": "like-amount", "type": "definition", "offset": [690, 701]}, {"key": "similar-provisions", "type": "clause", "offset": [707, 725]}, {"key": "future-payments", "type": "definition", "offset": [764, 779]}, {"key": "secured-by-collateral", "type": "clause", "offset": [781, 802]}, {"key": "fair-market-value", "type": "clause", "offset": [823, 840]}, {"key": "in-no-event-will", "type": "clause", "offset": [884, 900]}, {"key": "defaulted-contract", "type": "clause", "offset": [1005, 1023]}], "size": 1, "hash": "767d28d51e3be970c657a85467fb27fb", "id": 9}, {"samples": [{"hash": "q4P20M3W1Y", "uri": "/contracts/q4P20M3W1Y#owners-agreement", "label": "Limited Warranty", "score": 22.1793292266, "published": true}], "snippet": "\u2587\u2587\u2587\u2587\u2587 would not agree to assume the obligations contained in this Warranty in the absence of any of the limitations and exclusions contained", "snippet_links": [{"key": "to-assume", "type": "clause", "offset": [22, 31]}, {"key": "the-obligations", "type": "clause", "offset": [32, 47]}, {"key": "contained-in", "type": "definition", "offset": [48, 60]}, {"key": "limitations-and-exclusions", "type": "clause", "offset": [104, 130]}], "size": 1, "hash": "cd02233eb065e62d24efaabd0cdf5431", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihlvd25lcnMtYWdyZWVtZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["waiver-of-jury-trial-other-waivers", "WAIVER OF JURY TRIAL; OTHER WAIVERS"], ["newco-structure-and-interim-operations", "Newco Structure and Interim Operations"], ["conditions-to-obligations-of-parent-and-buyer", "CONDITIONS TO OBLIGATIONS OF PARENT AND BUYER"], ["conditions-to-obligations-of-the-company", "CONDITIONS TO OBLIGATIONS OF THE COMPANY"], ["representations-and-warranties-with-respect-to-icel", "REPRESENTATIONS AND WARRANTIES WITH RESPECT TO ICEL"]], "children": [["recourse-on-defaulting-class-a-contracts", "RECOURSE ON DEFAULTING CLASS A CONTRACTS"], ["class-b-vehicles-defined", "CLASS B VEHICLES DEFINED"], ["class-a-vehicles-defined", "CLASS A VEHICLES DEFINED"], ["owners-agreement", "OWNERS AGREEMENT"], ["cash-repurchase-of-replacement-of-delinquent-contracts", "CASH REPURCHASE OF REPLACEMENT OF DELINQUENT CONTRACTS"]], "size": 34, "title": "OWNER\u2019s Agreement", "id": "owners-agreement", "related": [["shareholders-agreements", "Shareholders Agreements", "Shareholders Agreements"], ["shareholders-agreement", "Shareholders Agreement", "Shareholders Agreement"], ["stockholders-agreement", "Stockholders Agreement", "Stockholders Agreement"], ["securityholders-agreement", "Securityholders Agreement", "Securityholders Agreement"], ["tax-matters-agreement", "Tax Matters Agreement", "Tax Matters Agreement"]], "related_snippets": [], "updated": "2025-07-07T12:35:11+00:00", "also_ask": ["What are the essential terms that must be included to protect the owner's interests?", "How can the OWNER\u2019s Agreement be structured to maximize negotiation leverage?", "What are the most common legal pitfalls or unenforceable provisions in OWNER\u2019s Agreements?", "How do OWNER\u2019s Agreements differ from similar ownership or management contracts in key jurisdictions?", "What factors do courts consider when determining the enforceability of OWNER\u2019s Agreement clauses?"], "drafting_tip": "Specify the parties and their roles to prevent confusion; define key terms to avoid ambiguity; outline obligations clearly to ensure enforceability.", "explanation": "The OWNER\u2019s Agreement clause defines the terms and conditions under which the owner of a project or property enters into a contractual relationship with another party, such as a contractor or service provider. This clause typically outlines the owner's rights, responsibilities, and obligations, including payment terms, project oversight, and approval processes. For example, it may specify how the owner will review and accept work, or detail the procedures for addressing changes or disputes. Its core practical function is to establish clear expectations and legal boundaries for the owner\u2019s involvement, thereby reducing misunderstandings and ensuring smooth project execution."}, "json": true, "cursor": ""}}