Common use of REPRESENTATION AND WARRANTY OF ASSIGNOR Clause in Contracts

REPRESENTATION AND WARRANTY OF ASSIGNOR. Assignor represents and warrants that: (i) Assignor is the sole owner of the entire Ownership Interest; (ii) Assignor is not in default under or in breach of any of the terms, covenants or provisions of the Operating Agreement, and Assignor knows of no event which, but for the passage of time or the giving of notice, or both, would constitute an event of default under or a breach of the Operating Agreement by Assignor; (iii) Assignor is duly authorized to execute and deliver this Assignment; and (iv) the Ownership Interest is free and clear of any and all liens, security interests, encumbrances, and completing claims.

REPRESENTATION AND WARRANTY OF ASSIGNOR. Assignor represents and warrants that: (i) Assignor is the sole owner of the entire Ownership Interest; (ii) Assignor is not in default under or in breach of any of the terms, covenants or provisions of the Operating Agreement, and Assignor knows of no event which, but for the passage of time or the giving of notice, or both, would constitute an event of default under or a breach of the Operating Agreement by Assignor; (iii) Assignor is duly authorized to execute and deliver this Assignment; and (iv) the Ownership Interest is free and clear of any and all liens, security interests, encumbrances, and completing competing claims.