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 Party B executes this Agreement in reliance on the 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 any Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in full against any and all losses or liabilities, including but not limited to, any diminution of the value of any Target Assets, arising from breaches of any Warranties by 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.

Appears in 1 contract

Samples: Asset 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 executes of this Agreement in reliance 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 any such Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in full all for and against any and all losses or liabilities, including but not limited to, any diminution the decrease of the value of any Target Risk Operation Service Business Assets, arising from breaches of any Warranties by 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.

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 Party B executes this Agreement in reliance on the 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 any Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in full against any and all losses or liabilities, including but not limited to, any diminution of the value of any Target Western Pipeline Assets, arising from breaches of any Warranties by 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.

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 executes of this Agreement in reliance 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 any such Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in full all for and against any and all losses or liabilities, including but not limited to, any diminution the decrease of the value of any Target Risk Operation Service Business Assets, arising from breaches of any Warranties by Party A. 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 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 ofof 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 executes of this Agreement in reliance 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 any such Warranties. 7.3 Party A hereby further undertakes to indemnify Party B in full all for and against any and all losses or liabilities, including but not limited to, any diminution the decrease of the value of any Target Inspection and Maintenance Business Assets, arising from breaches of any Warranties by 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 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 ofof before or after the Closing.

Appears in 1 contract

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

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