Common use of Representations, Warranties and Covenants of Party A Clause in Contracts

Representations, Warranties and Covenants of Party A. 7.1 Party A hereby makes the representations, warranties and covenants in accordance with the terms set forth under Exhibit 1 ("Warranties") to Party B, and acknowledges that the execution by Party B of this Agreement is based on the reliance of Party B on such Warranties. 7.2 Each Warranty of Party A set forth in Exhibit 1 shall be severable and independent, and none of other provisions in this Agreement or the exhibits hereto may limit such Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in all for and against all losses or liabilities, including but not limited to, the decrease of the value of any Risk Operation Service Business Assets, arising from breaches of any Warranties by Party. In the event of any breach by Party A of Article 1 or 2 of Exhibit 1 hereto, Party B shall have the right to terminate this Agreement. 7.4 Party A shall promptly inform Party B in writing of any violations of the Warranties or any matters not consistent with the Warranties it becomes aware of before or after the Closing.

Appears in 1 contract

Samples: Risk Operation Service Business Assets Transfer Agreement (Petrochina Co LTD)

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Representations, Warranties and Covenants of Party A. 7.1 Party A hereby makes the representations, warranties and covenants in accordance with the terms set forth under Exhibit 1 ("Warranties") to Party B, and acknowledges that the execution by Party B of executes this Agreement is based in reliance on the reliance of Party B on such Warranties. 7.2 Each Warranty of Party A set forth in Exhibit 1 shall be severable and independent, and none of other provisions in this Agreement or the exhibits hereto may limit such any Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in all for full against any and against all losses or liabilities, including but not limited to, the decrease any diminution of the value of any Risk Operation Service Business Western Pipeline Assets, arising from breaches of any Warranties by Party. Party A. In the event of any breach by Party A of Article 1 or 2 of Exhibit 1 hereto, Party B shall have the right to terminate this Agreement. 7.4 Both before and after the Closing, Party A shall promptly inform Party B in writing of any violations of the Warranties or any matters not consistent with the Warranties it becomes aware of before or after the Closingof.

Appears in 1 contract

Samples: Asset Transfer Agreement (Petrochina Co LTD)

Representations, Warranties and Covenants of Party A. 7.1 Party A hereby makes the representations, warranties and covenants in accordance with the terms set forth under Exhibit 1 ("Warranties") to Party B, and acknowledges that the execution by Party B of this Agreement is based on the reliance of Party B on such Warranties. 7.2 Each Warranty of Party A set forth in Exhibit 1 shall be severable and independent, and none of other provisions in this Agreement or the exhibits hereto may limit such Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in all for and against all losses or liabilities, including but not limited to, the decrease of the value of any Risk Operation Service Business Assets, arising from breaches of any Warranties by Party. Party A. In the event of any breach by Party A of Article 1 or 2 of Exhibit 1 hereto, Party B shall have the right to terminate this Agreement. 7.4 Both before and after the Closing, Party A shall promptly inform Party B in writing of any violations of the Warranties or any matters not consistent with the Warranties it becomes aware of before or after the Closingof.

Appears in 1 contract

Samples: Risk Operation Service Business Assets Transfer Agreement (Petrochina Co LTD)

Representations, Warranties and Covenants of Party A. 7.1 Party A hereby makes the representations, warranties and covenants in accordance with the terms set forth under Exhibit 1 ("Warranties") to Party B, and acknowledges that the execution by Party B of this Agreement is based on the reliance of Party B on such Warranties. 7.2 Each Warranty of Party A set forth in Exhibit 1 shall be severable and independent, and none of other provisions in this Agreement or the exhibits hereto may limit such Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in all for and against all losses or liabilities, including but not limited to, the decrease of the value of any Risk Operation Service Inspection and Maintenance Business Assets, arising from breaches of any Warranties by Party. Party A. In the event of any breach by Party A of Article 1 or 2 of Exhibit 1 hereto, Party B shall have the right to terminate this AgreementAgreement at its discretion. 7.4 Party A shall promptly inform Party B in writing of any violations of the Warranties or any matters not consistent with the Warranties it becomes aware of before or after the Closing.

Appears in 1 contract

Samples: Equity and Assets Transfer Agreement (Petrochina Co LTD)

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Representations, Warranties and Covenants of Party A. 7.1 Party A hereby makes the representations, warranties and covenants in accordance with the terms set forth under Exhibit 1 ("Warranties") to Party B, and acknowledges that the execution by Party B of executes this Agreement is based in reliance on the reliance of Party B on such Warranties. 7.2 Each Warranty of Party A set forth in Exhibit 1 shall be severable and independent, and none of other provisions in this Agreement or the exhibits hereto may limit such any Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in all for full against any and against all losses or liabilities, including but not limited to, the decrease any diminution of the value of any Risk Operation Service Business Target Assets, arising from breaches of any Warranties by Party. Party A. In the event of any breach by Party A of Article 1 or 2 of Exhibit 1 hereto, Party B shall have the right to terminate this Agreement. 7.4 Both before and after the Closing, Party A shall promptly inform Party B in writing of any violations of the Warranties or any matters not consistent with the Warranties it becomes aware of before or after the Closingof.

Appears in 1 contract

Samples: Asset Transfer Agreement (Petrochina Co LTD)

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