Possession: As Is Sample Clauses

Possession: As Is. Subject to the terms and conditions of this Agreement, the District shall deliver possession of the Premises to the City on the date specified in Section 14.2 herein. Except for latent defects which would not reasonably have been revealed by an inspection of the Premises, by assuming possession of the Premises the City shall for all purposes of the provisions of this Agreement be deemed to have accepted the Premises and to have acknowledged it to be in a condition acceptable to the City . Except as specifically provided for herein, the City waives any right or claim against the District for any cause directly or indirectly, arising out of the condition of the Premises, appurtenances thereto, and the improvements and fixtures thereon. The City agrees that the Premises shall be leased under the terms of this Agreement in an "as-is,” “where is" condition, with no representation or warranty being made by the District of any type or nature, except as expressly stated in writing in this Agreement. The City acknowledges and agrees that it is leasing the Premises solely upon the basis of its own investigation of the Premises and not on the basis of any representation, express or implied, written or oral, made by Seller or its agents or employees, except as set forth in writing in this Agreement. All implied warranties, including, without limitation, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE being expressly disclaimed. The City acknowledges that, except as provided herein, any and all engineering data, water data or filings, feasibility or marketing reports, appraisals, soil reports, financial statements, rent rolls, copies of contracts, leases or other information of any type which is furnished to the City or its agents are furnished on the express condition that the City shall make an independent verification of the accuracy of such information, all such information being furnished without any warranty.
Sample 1
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Possession: As Is. Subject to Landlord’s obligations under Section IX.B., the Premises shall be accepted by Tenant on the Commencement Date in “as is” condition and configuration. Tenant was in possession of the Premises prior to the Commencement Date and agrees that the Premises are in good order and satisfactory condition, and that there are no representations or warranties by Landlord regarding the condition of the Premises or the Building.
Sample 1
Possession: As Is. It is acknowledged that Tenant is taking possession of the Leased Premises in its "As Is" condition. Tenant shall not make any alterations or improvements without first obtaining Landlord's prior written consent. Any such alterations, additions or improvements shall be made by the Tenant, in a good workmanlike manner, without cost to the Landlord. All alterations, additions, and improvements shall become the property of the Landlord. However, upon written notice by the Landlord to the Tenant prior to the expiration of this Lease, Tenant agrees to remove said alterations, additions, or other improvements, thereby restoring the demised premises back to its original condition, as Tenant's sole expense.
Sample 1

Related to Possession: As Is

  • Possession and Control The Grantor has exclusive possession and control of its Equipment and Inventory.

  • Possession and Use of Collateral Subject to the provisions of the Security Documents, the Issuer and the Guarantors shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral (other than monies or U.S. government obligations deposited pursuant to Article VIII, and other than as set forth in the Security Documents and this Indenture), to operate, manage, develop, lease, use, consume and enjoy the Collateral (other than monies and U.S. government obligations deposited pursuant to Article VIII and other than as set forth in the Security Documents and this Indenture), to alter or repair any Collateral so long as such alterations and repairs do not impair the creation or perfection of the Lien of the Security Documents thereon, and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.

  • Possession and Use Contractor may possess, use and reproduce Confidential Information solely for the Purpose. Contractor shall not use the Confidential Information for any other purpose.

  • Possession Of Premises Tenant shall not be entitled to possession of the premises designated for lease until the security deposit and first month’s rent (or prorated portion thereof), less any applicable promotional discount, is paid in full and the premises designated for lease is vacated by the prior tenant.

  • Possession of the Property The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on .

  • Possession of Collateral Agent and Secured Parties appoint each Lender as agent (for the benefit of Secured Parties) for the purpose of perfecting Liens in any Collateral held or controlled by such Lender, to the extent such Liens are perfected by possession or control. If any Lender obtains possession or control of any Collateral, it shall notify Agent thereof and, promptly upon Agent’s request, deliver such Collateral to Agent or otherwise deal with it in accordance with Agent’s instructions.

  • Possession of Property Possession of the Property free and clear of all uses and encroachments, except the Permitted Exceptions, shall be delivered to Purchaser at closing.

  • Possession and Transfer of Collateral Unless an Event of Default exists hereunder, the Borrower shall be entitled to possession or use of the Collateral (other than Instruments or Documents, Tangible Chattel Paper, Investment Property consisting of certificated securities and other Collateral required to be delivered to the Bank pursuant to this Section 6). The cancellation or surrender of any Note, upon payment or otherwise, shall not affect the right of the Bank to retain the Collateral for any other of the Obligations. The Borrower shall not sell, assign (by operation of law or otherwise), license, lease or otherwise dispose of, or grant any option with respect to any of the Collateral, except that the Borrower may sell Inventory in the ordinary course of business and may sell property, plant and Equipment in the ordinary course of business.

  • Possession and Assembly of Collateral Secured Party may, without notice, demand or initiate legal process of any kind, take possession of any or all of the Collateral (in addition to Collateral of which Secured Party already has possession), wherever it may be found, and for that purpose may pursue the same wherever it may be found, and may at any time enter into any of Grantor's premises where any of the Collateral may be or is supposed to be, and search for, take possession of, remove, keep and store any of the Collateral until the same shall be sold or otherwise disposed of and Secured Party shall have the right to store and conduct a sale of the same in any of Grantor's premises without cost to Secured Party. At Secured Party's request, Grantor will, at Grantor’s sole expense, assemble the Collateral and make it available to Secured Party at a place or places to be designated by Secured Party which is reasonably convenient to Secured Party and Grantor.

  • Title to Properties; Possession Under Leases (a) Such Borrower and each of its Subsidiaries have good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes.

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