Common use of WAIVER OF SECTION 1542 PROTECTIONS Clause in Contracts

WAIVER OF SECTION 1542 PROTECTIONS. As of the Closing, the Fund expressly acknowledges that it has had, or has had and waived, the opportunity to be advised by independent legal counsel and hereby waives and relinquishes all rights and benefits afforded by Section 1542 of the California Civil Code and does so understanding and acknowledging the significance and consequence of such specific waiver of Section 1542 which provides:

WAIVER OF SECTION 1542 PROTECTIONS. As of the Closing, each of the Fund and DE2005 REIT hereto expressly acknowledges that it has had, or has had and waived, the opportunity to be advised by independent legal counsel and hereby waives and relinquishes all rights and benefits afforded by Section 1542 of the California Civil Code and does so understanding and acknowledging the significance and consequence of such specific waiver of Section 1542 which provides: