Common use of Property As Is Clause in Contracts

Property As Is. Licensor is acquiring the Property in “AS IS”, “WHERE IS” and “WITH ALL FAULTS” condition. Licensee understands that all improvements existing on, in, or under the Property and/or the Project as of the date of this Agreement were constructed or installed by HRF or prior occupants of the Property and/or the Project and were not constructed by Licensor. Information on the history and existing condition of the Property and the Project and the improvements existing thereon is limited, and Licensor makes no representations with respect to any previously or currently existing conditions of the Property or the Project.

Property As Is. Licensor is acquiring the Property (or those portions of the Property actually acquired by Licensor from time to time) in “AS IS”, “WHERE IS” and “WITH ALL FAULTS” condition. Licensee understands that all improvements existing on, in, or under the Property and/or the Project as of the date of this Agreement were constructed or installed by HRF or prior occupants of the Property and/or the Project and were not constructed by Licensor. Information on the history and existing condition of the Property and the Project and the improvements existing thereon is limited, and Licensor makes no representations with respect to any previously or currently existing conditions of the Property or the Project.