Common use of REPRESENTATIONS AND WARRANTIES OF CONTRIBUTING PARTIES Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF CONTRIBUTING PARTIES. To induce BNP and the REIT to enter into this Agreement and the transactions contemplated hereby, unless otherwise indicated, each of the Contributing Parties jointly and severally represents and warrants that the statements contained in Article V are true, correct and complete on the date hereof and will be true, correct and complete on the Closing Date. It is the express intention and agreement of each of the Contributing Parties that the representations and warranties set forth in Article V shall survive the consummation of the transactions contemplated in this Agreement, but only to the extent expressly provided in Article X hereof.