Representations of Grantor. So long as this Option remains outstanding and unexpired, Grantor will reserve for issuance upon the exercise of this Option the number of shares of Grantor’s Common Stock that are subject to this Option. The shares of Common Stock of Grantor subject to this Option shall, when issued, be validly issued, fully paid and nonassessable. Grantor will pay, when due and payable, any and all federal and state taxes or fees that may be payable by Grantor with respect to the grant of this Option or the issuance of any shares of Common Stock or certificates therefore subject to this Option. However, this does not include any federal, state or other personal income tax payable by the Grantee by virtue of (i) the grant of this Option; (ii) the issuance of any share of Common Stock upon exercise thereof; or (iii) any subsequent disposition of such shares which shall remain the obligation of the Grantee.
Representations of Grantor. Grantor represents, covenants and warrants that it has full power and authority to enter into this instrument and to convey the Water Line Easement to Grantee.
Representations of Grantor. So long as any of the Options under this Agreement remain outstanding and unexpired, Grantor will reserve for issuance upon the exercise of any of the Options under this Option Agreement the number of shares of Grantor's Common Stock that are subject to this Option Agreement. The shares of Common Stock of Grantor subject to this Option Agreement shall, when issued, be validly issued, fully paid and nonassessable.
Representations of Grantor. Grantor is a limited liability company duly organized, validly existing, and in good standing under the laws of the State of Nevada, and has all requisite power and authority to hold its assets, conduct its activities as currently conducted and to execute, deliver and perform its obligations under this Agreement. The execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated hereby by Grantor have been duly and validly authorized by all necessary action on the part of Grantor. This Agreement has been duly and validly executed and delivered by Grantor, and is the valid and binding obligation of Grantor, enforceable against Grantor in accordance with its terms. Grantor has good record title to the Subject Properties.
Representations of Grantor. To the knowledge of Grantor, (1) such Mortgaged Leases are unmodified and in full force and effect, (2) all rent and other charges therein have been paid to the extent they are payable to the date hereof, (3) Grantor enjoys the quiet and peaceful possession of such Premises, (4) Grantor is not in default under any of the terms thereof and there are no circumstances which, with the passage of time or the giving of notice or both, would constitute an event of default thereunder, (5) the lessor thereunder is not in default under any of the terms or provisions thereof on the part of the lessor to be observed or performed;
Representations of Grantor. Grantor represents and warrants to -------------------------- Measurex that:
Representations of Grantor. Grantor hereby represents and warrants to Grantee as follows:
Representations of Grantor. 34 10.12 Beneficiary's Expense........................34 10.13 Beneficiary's Right to Counsel...............35 10.14
Representations of Grantor. Grantor affirmatively represents and warrants that the written terms of the Note, this Deed of Trust, the Assignment of Leases, the financing statements and other documents executed in connection with the Loan, and each of them, accurately reflect the understanding of Grantor, as to all matters addressed therein, and Grantor further represents and warrants that there are no other agreements or understandings, written or oral, which exist between Grantor and Beneficiary relating to the matters addressed in said documents. Grantor hereby waives any claims against Beneficiary that Grantor may now have or may hereafter acquire to the effect that the actual understanding of Grantor and Beneficiary may not be accurately set forth in such documents.
Representations of Grantor. 21 Section 8.01 ERISA ......................................................21 Section 8.02 NON-RELATIONSHIP ............................................21 Section 8.03 NO ADVERSE CHANGE ...........................................21 Section 8.04 FOREIGN INVESTOR ............................................22 Section 8.05 SECURITIES LAWS ............................................22 ARTICLE
