Common use of Undertaking and Warranty Clause in Contracts

Undertaking and Warranty. 5.1 Each Party hereto represents, warrants and undertakes to the other Party that this Agreement is valid, effective and equally binding to the Parties. 5.2 Party B guarantees that it has the right to provide the Leases Premises to the Tenants for use. Where, on any occasions or for any reasons, the property right and/or use right of the Leased Premises is subject to any objection, which causes Party A or the Tenants unable to realize its/their use right under this Agreement or any other damages, Party B, as the Landlords or the parent company of the Landlords, shall compensate Party A or the Tenants for any and all direct economic losses thus incurred to Party A or the Tenants. 5.3 Party A guarantees that it, as the parent company of the Tenants, shall compensate any and all direct economic losses where the Leased Premises are damaged intentionally by the Tenants. 5.4 Party B guarantees that the Leased Premises provided and delivered to the Tenants for use shall be in good conditions as required by the Tenants, and that Party B shall conduct regular inspection and repairs to these premises. Where the Tenants suffer any loss during the term of the Leased Premises due to the poor management of the Landlords, the Landlords shall compensate any and all direct economic losses thus incurred to the Tenants. 5.5 Party B guarantees that the comprehensive management services provided by Party B and its subsidiaries shall be in conformity to the state standards and industrial specifications and meet the following basic requirements:

Appears in 3 contracts

Samples: Agreement on Use of Premises and Related Management Services (China Mobile LTD /Adr/), Agreement on Use of Premises and Related Management Services (China Mobile LTD /Adr/), Agreement on Use of Premises and Related Management Services (China Mobile LTD /Adr/)

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Undertaking and Warranty. 5.1 Each Party hereto represents, warrants and undertakes to the other Party that this Agreement is valid, effective and equally binding to the Parties. 5.2 Party B guarantees that it has the Landlords have the right to provide the Leases Premises to the Tenants for use. Where, on any occasions or for any reasons, the property right and/or use right of the Leased Premises is subject to any objection, which causes Party A or the Tenants unable to realize its/their use right under this Agreement or any other damages, Party B, as the Landlords or the parent company of the Landlords, shall bear and compensate Party A or the Tenants for any and all direct economic losses thus incurred to Party A or the Tenants. 5.3 Party A guarantees that it, as the parent company of the Tenants, shall compensate any and all direct economic losses incurred to the Landlords where the Leased Premises are damaged intentionally by the Tenants. 5.4 Party B guarantees that the Leased Premises provided by the Landlords and delivered to the Tenants for use shall be in good conditions as required by the Tenants, and that Party B shall conduct regular inspection and repairs to these premises. Where the Tenants suffer any loss during the term use of the Leased Premises due to the poor management of the Landlords, the Landlords shall compensate any and all direct economic losses thus incurred to the Tenants. 5.5 Party B guarantees that the comprehensive management services provided by Party B and its subsidiaries shall be in conformity to the state standards and industrial prevailing specifications and meet the following basic requirements:

Appears in 1 contract

Samples: Agreement on Use of Premises and Related Management Services (China Mobile LTD /Adr/)

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Undertaking and Warranty. 5.1 Each Party hereto represents, warrants and undertakes to the other Party that this Agreement is valid, effective and equally binding to the Parties. 5.2 Each Party B guarantees that that, as the Landlord, it has the right to provide the Leases Leased Premises to the Tenants for use. Where, on any occasions or for any reasons, the property right and/or use right of the Leased Premises is subject to any objection, which causes Party A or the Tenants unable to realize its/their use right under this Agreement or any other damages, Party B, as the Landlords or the parent company of the Landlords, shall bear and compensate Party A or the Tenants for any and all direct economic losses thus incurred to Party A or the Tenants. 5.3 Party A guarantees that it, as the parent company of the Tenants, shall The Tenants guarantee to compensate any and all direct economic losses incurred to the Landlords where the Leased Premises are damaged intentionally by the Tenants. 5.4 Party B guarantees The Landlords guarantee that the Leased Premises provided by the Landlords and delivered to the Tenants for use shall be in good conditions as required by the Tenants, and that Party B the Landlords shall conduct regular inspection and repairs to these premises. Where the Tenants suffer any loss during the term use of the Leased Premises due to the poor management of the Landlords, the Landlords shall compensate any and all direct economic losses thus incurred to the Tenants. 5.5 Party B guarantees The Service Providers guarantee that they and their subsidiaries shall provide the comprehensive management services provided by Party B and its subsidiaries shall be in conformity to the state national standards and industrial prevailing specifications and meet the following basic requirements:

Appears in 1 contract

Samples: Agreement on Use of Premises and Related Management Services (China Mobile LTD /Adr/)

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