Common use of Representations and Warranties of the Mortgagor Clause in Contracts

Representations and Warranties of the Mortgagor. (1) The Mortgagor has obtained the necessary authorization to provide the guarantee under this Contract in accordance with relevant regulations and procedures. (2) The Mortgagor has the full and undisputed ownership or right to dispose of the collaterals. (3) The collaterals can be circulated or transferred according to law. (4) The collaterals have not been attached, detained, or repeatedly mortgaged or otherwise. (5) The Mortgagor has not concealed any information about delinquent taxes, project payments, or any other amounts in arrears under the collaterals. (6) The Mortgagor is fully aware of the actual use of the debts under the Master Contract, and the provision of the mortgage guarantee for the Debtor under the Master Contract is completely out of its own free will and reflects the true expression of its intent under this Contract. (7) If the collaterals hereunder have been leased out in whole or in part, the Mortgagor warrants that it shall inform the lessee of the mortgage created thereon and inform the Mortgagee in writing of the lease prior to the execution of this Contract, and shall not change the lease agreement. (8) The Mortgagor has obtained the consent from the co-owner of the collaterals with respect to the mortgage hereunder. (9) The collaterals are free of any other circumstances that adversely affect the exercise of the mortgage rights by the Mortgagee.

Representations and Warranties of the Mortgagor. (1) The Mortgagor has obtained the necessary authorization to provide the guarantee under this Contract in accordance with relevant regulations and procedures. (2) The Mortgagor has the full and undisputed ownership or right to dispose of the collaterals. (3) The collaterals can be circulated or transferred according to law. (4) The collaterals have not been attached, detained, or repeatedly mortgaged and no other person holds any residence right in the collaterals. If the collaterals is attached or otherwisedetained, the mortgagor shall immediately notify the mortgagee. (5) The Mortgagor has not concealed any information about delinquent taxes, project payments, or any other amounts in arrears under the collaterals. (6) The Mortgagor is fully aware of the actual use of the debts under the Master Contract, and the provision of the mortgage guarantee for the Debtor under the Master Contract is completely out of its own free will and reflects the true expression of its intent under this Contract. (7) If the collaterals hereunder have been leased out in whole or in part, the Mortgagor warrants that it shall inform the lessee of the mortgage created thereon and inform the Mortgagee in writing of the lease prior to the execution of this Contract, and shall not change the lease agreement. (8) The Mortgagor has obtained the consent from the co-owner of the collaterals with respect to the mortgage hereunder. (9) The collaterals are free of any other circumstances that adversely affect the exercise of the mortgage rights by the Mortgagee.