Common use of Vendor’s Representations and Warranties Clause in Contracts

Vendor’s Representations and Warranties. 1. The Vendor represents and warrants to the Purchaser that: (a) It is the beneficial owner of an undivided l00% interest in and to the Property; (b) The claims comprising the Property have been, to the best of the information and belief of the Vendor, properly located and staked and recorded in compliance with the laws of the jurisdiction in which they are situate, are accurately described in Schedule “A” and are valid and subsisting mineral claims as at the date of this Agreement; (c) The Property is in good standing under all applicable laws and regulations, all assessment work required to be performed and filed has been performed and filed, all taxes and other payments have been paid and all filings have been made; (d) The Property is free and clear of any encumbrances, liens or charges and neither the Vendor nor, to the best of the Vendor’s knowledge, any of its predecessors in interest or title, have done anything whereby the Property may be encumbered; (e) It has the right to enter into this Agreement and to deal with the Property in accordance with the terms of this Agreement, there are no disputes over the title to the Property, and no other party has any interest in the Property or the production therefrom or any right to acquire any such interest; and (f) It is a company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, amalgamation or continuation.

Appears in 2 contracts

Samples: Purchase Agreement (Skyflyer Inc.), Purchase Agreement (Aztek Ventures Inc.)

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Vendor’s Representations and Warranties. 1. The Vendor represents and warrants to the Purchaser that: (a) It Vendor is the sole and beneficial owner of an undivided l00% interest in and to the Property; (b) The claims comprising the Property have been, to the best of the information and belief of the Vendor, properly located and staked and recorded in compliance with the laws of the jurisdiction in which they are situate, are accurately described in Schedule “A” and are valid and subsisting mineral claims as at the date of this Agreement; (c) The Property is in good standing under all applicable laws and regulations, all assessment work required to be performed and filed has been performed and filed, all taxes and other payments have been paid and all filings have been made; (d) The Property is free and clear of any encumbrances, liens or charges and neither the Vendor nor, to the best of the Vendor’s knowledge, any of its her predecessors in interest or title, have done anything whereby the Property may be encumbered;; and (e) It He has the right to enter into this Agreement and to deal with the Property in accordance with the terms of this Agreement, there are no disputes over the title to the Property, and no other party has any interest in the Property or the production therefrom there from or any right to acquire any such interest; and (f) It is a company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, amalgamation or continuation.

Appears in 2 contracts

Samples: Purchase Agreement (Claridge Ventures, Inc.), Purchase Agreement (Abby Inc.)

Vendor’s Representations and Warranties. 1. The Vendor represents and warrants to the Purchaser that: (a) It Vendor is the sole and beneficial owner of an undivided l00% interest in and to the Property; (b) The claims concession comprising the Property have been, to the best of the information and belief of the Vendor, properly located and staked and recorded in compliance with the laws of the jurisdiction in which they are situate, are accurately described in Schedule “A” and are valid and subsisting mineral gas claims as at the date of this Agreement; (c) The Property is in good standing under all applicable laws and regulations, all assessment work required to be performed and filed has been performed and filed, all taxes and other payments have been paid and all filings have been made; (d) The Property is free and clear of any encumbrances, liens or charges and neither the Vendor nor, to the best of the Vendor’s knowledge, any of its her predecessors in interest or title, have done anything whereby the Property may be encumbered;; and (e) It He has the right to enter into this Agreement and to deal with the Property in accordance with the terms of this Agreement, there are no disputes over the title to the Property, and no other party has any interest in the Property or the production therefrom there from or any right to acquire any such interest; and (f) It is a company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, amalgamation or continuation.

Appears in 2 contracts

Samples: Purchase Agreement (Abby Inc.), Purchase Agreement (Abby Inc.)

Vendor’s Representations and Warranties. 1. The Vendor represents and warrants to the Purchaser that: (a) It is the sole recorded and beneficial owner of an undivided l00100% interest in and to the Property; (b) The claims comprising the Property have been, to the best of the information and belief of the Vendor, properly located and staked and recorded in compliance with the laws of the jurisdiction in which they are situatesituated, are area accurately described in Schedule "A" and are valid and subsisting mineral claims as at the date of this Agreement; (c) The Property is in good standing under all applicable laws and regulations, all assessment work required to be performed and filed has been performed and filed, all taxes and other payments have been paid and all filings have been made; (d) The the Property is free and clear of any encumbrances, liens or charges and neither the Vendor nor, to the best of the Vendor’s 's knowledge, any of its her predecessors in interest or title, have done anything whereby the Property may be encumbered;; and (e) It it has the right to enter into this Agreement and to deal with the Property in accordance with the terms of this Agreement, there are no disputes over the title to the Property, and no other party has any interest in the Property or the production therefrom or any right to acquire any such interest; and (f) It is a company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, amalgamation or continuation.

Appears in 1 contract

Samples: Purchase Agreement (Green Star Mining Corp.)

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Vendor’s Representations and Warranties. 1. The Vendor represents and warrants to the Purchaser that: (a) It Vendor is the sole and beneficial owner of an undivided l00% interest in and to the Property; (b) The claims comprising the Property have been, to the best of the information and belief of the Vendor, properly located and staked and recorded in compliance with the laws of the jurisdiction in which they are situate, are accurately described in Schedule “A” and are valid and subsisting mineral gas claims as at the date of this Agreement; (c) The Property is in good standing under all applicable laws and regulations, all assessment work required to be performed and filed has been performed and filed, all taxes and other payments have been paid and all filings have been made; (d) The Property is free and clear of any encumbrances, liens or charges and neither the Vendor nor, to the best of the Vendor’s knowledge, any of its her predecessors in interest or title, have done anything whereby the Property may be encumbered;; and (e) It He has the right to enter into this Agreement and to deal with the Property in accordance with the terms of this Agreement, there are no disputes over the title to the Property, and no other party has any interest in the Property or the production therefrom there from or any right to acquire any such interest; and (f) It is a company duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, amalgamation or continuation.

Appears in 1 contract

Samples: Purchase Agreement (Abby Inc.)

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