Common use of Representations and Warranties by Xxxxx Clause in Contracts

Representations and Warranties by Xxxxx. Buyer represents and warrants to Seller that Buyer is a municipal corporation under the laws of the State of Minnesota; that Xxxxx is duly qualified to transact business in the State of Minnesota; that Buyer has the power and authority to execute this Agreement and any Buyer’s Closing Documents signed by it; that this Agreement and all such documents have been duly authorized by all necessary city action on the part of Buyer and at the Closing shall have been duly executed and delivered; that the execution, delivery, and performance by Xxxxx of such documents does not conflict with or violate Buyer’s charter, or any judgment, order or decree of any court or arbiter or any agreement by which Buyer is bound; and that all such documents are valid and binding obligations of Buyer and are enforceable in accordance with their terms. Buyer represents and warrants that it has not retained a broker and has no knowledge of any brokerage fees associated with the sale or purchase of the Property other than Seller’s brokerage arrangement with Xxxx Xxxxxxxx and The Xxxxxxxx Group, Inc. These representations and warranties constitute a primary inducement for Seller to enter into this Agreement and shall survive the execution of this Agreement and continue for one (1) year following the delivery of the deed required by this Agreement. If said representations and warranties are at any time found to be false or inaccurate, Buyer will be in material breach of this Agreement.

Representations and Warranties by Xxxxx. Buyer represents and warrants to Seller that Buyer is a municipal corporation under the laws of the State of Minnesota; that Xxxxx is duly qualified to transact business in the State of Minnesota; that Buyer has the power and authority to execute this Agreement and any Buyer’s Closing Documents signed by it; that this Agreement and all such documents have been duly authorized by all necessary city action on the part of Buyer and at the Closing shall have been duly executed and delivered; that the execution, delivery, and performance by Xxxxx Buyer of such documents does not conflict with or violate Buyer’s charter, or any judgment, order or decree of any court or arbiter or any agreement by which Buyer is bound; and that all such documents are valid and binding obligations of Buyer and are enforceable in accordance with their terms. Buyer represents and warrants that it has not retained a broker and has no knowledge of any brokerage fees associated with the sale or purchase of the Property other than Seller’s brokerage arrangement with Xxxx Xxxxxxxx and The Xxxxxxxx Group, Inc. These representations and warranties constitute a primary inducement for Seller to enter into this Agreement and shall survive the execution of this Agreement and continue for one (1) year following the delivery of the deed required by this Agreement. If said representations and warranties are at any time found to be false or inaccurate, Buyer will be in material breach of this Agreement.

Representations and Warranties by Xxxxx. Buyer represents and warrants to Seller that Buyer is a municipal corporation under the laws of the State of Minnesota; that Xxxxx is duly qualified to transact business in the State of Minnesota; that Buyer has the power and authority to execute this Agreement Agreement, the Condemnation Intent Letter and any Buyer’s Closing Documents signed by it; that this Agreement and all such documents have been duly authorized by all necessary city action on the part of Buyer and at the Closing shall have been duly executed and delivered; that the execution, delivery, and performance by Xxxxx of such documents does not conflict with or violate Buyer’s charter, or any judgment, order or decree of any court or arbiter or any agreement by which Buyer is bound; and that all such documents are valid and binding obligations of Buyer and are enforceable in accordance with their terms. Buyer represents and warrants that it has not retained a broker and has no knowledge of any brokerage fees associated with the sale or purchase of the Property other than Seller’s brokerage arrangement with Xxxx Xxxxxxxx and The Xxxxxxxx Group, Inc. These representations and warranties constitute a primary inducement for Seller to enter into this Agreement and shall survive the execution of this Agreement and continue for one (1) year following the delivery of the deed required by this Agreement. If said representations and warranties are at any time found to be false or inaccurate, Buyer will be in material breach of this Agreement.