Warranties of Landlord. The person executing this Lease on behalf of Landlord warrants to Tenant that Landlord is a valid and existing corporation or other relevant entity, that Landlord has all right and authority to enter into this Lease, and that the person executing on behalf of Landlord is authorized to do so.
Warranties of Landlord. Landlord represents and warrants to Tenant that there are no agreements, restrictions, covenants, encumbrances or easements which will increase any of Tenant's obligations under this Lease or diminish any of Tenant's rights hereunder. In addition, Landlord warrants that it shall not allow any portion of the real property within and adjoining the Project (over which Landlord has any control) to be used for any purposes which would detract from the desirability of the Project to Tenant.
Warranties of Landlord. Landlord warrants that:
(a) Landlord owns the Premises in fee simple and has the right to enter into this Lease. The Premises are free from liens and encumbrances, except for utility easements, unviolated restrictive covenants which do not materially adversely affect Tenant's intended use of the Premises, and other title matters to which the conveyance of the Premises by Landlord to Tenant was subject, including a mortgage for which the mortgagee, Landlord and Tenant have executed a subordination, nondisturbance and attornment agreement. The Premises have legal, direct, pedestrian and vehicular access to and from and abuts one or more publicly dedicated roads;
(b) Except for the corrective environmental work provided by the Asset Purchase Agreement between Landlord and Xxxxx Signtech, Ltd., to Landlord's knowledge the Premises are in compliance with all Environmental, Health and Safety Laws.
(c) Except for the citations that Landlord has separately disclosed to Tenant, Landlord has not received a citation from any regulatory agency for noncompliance with Environmental, Health and Safety Laws. Landlord alone shall be responsible for fines, penalties, and all other damages arising out of any such citation with respect to occurrences or conditions at the Premises prior to the date hereof and for any such items in the portions of the Buildings other than the Premises or resulting from Landlord's use of such land at any time subsequent to the date hereof.
Warranties of Landlord. Landlord warrants and agrees to defend the title to the leased premises and to reimburse Tenant for all damages, expenses and costs suffered or incurred by Tenant as a result of any defect in Landlord's title to the premises.
Warranties of Landlord. Landlord hereby warrants and represents to Tenant that:
(a) Landlord is the owner in fee simple of the land and improvements described on Exhibit A attached hereto. (Said land, and all improvements that may from time to time be thereon, are hereinafter collectively called the Shopping Center, and are delineated on the plot plan attached hereto as Exhibit B).
(b) The demised premises, as hereinafter defined, which were formally occupied as Real Estate Company, are vacant and free and clear of all tenancies and occupancies, and neither such Real Estate Company, nor any entity affiliated or related thereto or to Southern Realtors has any right of occupancy or otherwise therein.
(c) No lease or agreement with any other tenant of the Shopping Center limits or restricts the uses to which Tenant may put the demised premises.
(d) Landlord, and no other party, has the right to lease the demised premises.
Warranties of Landlord. The Landlord hereby represents and warrants to the Tenant that Landlord is the sole owner of the Leased Premises, and has taken all necessary action to authorize the execution, delivery, and performance of this Lease, which constitutes its legally valid and binding agreement enforceable against Landlord in accordance with the terms of this Lease.
Warranties of Landlord. Landlord represents and warrants to ---------------------- Sublessor and Sublessee as follows:
(a) Landlord has succeeded to all of 1-40 Properties' interest in the Lease, the Lease has been properly assigned to and assumed by Landlord, and Landlord has complete power and authority to enter into this Sublease.
(b) The Lease is in full force and effect and there are no defaults presently existing under the Principal Lease, and there are no presently existing circumstances known to Landlord which, with the giving of notice or passage of time or both, would constitute a default under the Principal Lease.
(c) The Assignment in no way adversely affects or impairs Sublessor's rights under the Principal Lease or Sublessor's right to enter into this Sublease.
(d) The Commencement Date of the Principal Lease is January 15, 1996 and the Expiration Date is February 28. 2003.
Warranties of Landlord. Notwithstanding any other provision herein, Landlord warrants the following:
(i) Landlord is a validly formed and duly existing Michigan limited liability company, in good standing under the laws of the State of Wyoming, and has the legal power and authority to execute, deliver and perform this Agreement and to consummate the transactions described herein, all of which have been fully and properly authorized by the member(s) or manager(s) of the company.
(ii) Neither the execution and delivery of this Agreement nor the performance of Landlord’s obligations pursuant hereto or the consummation of the transactions contemplated hereby, will conflict with, or result in a breach or violation of any of the terms or provisions of, or constitute with or without the passage of time or the giving of notice, a default under, any indenture, mortgage, deed of trust, voting trust agreement, loan agreement, bond debenture, note agreement or other evidence of indebtedness, lease, contract or other agreement or instrument to which Landlord is a party.
Warranties of Landlord. 17.1. Landlord represents and warrants to Tenant as conditions of this Lease that:
17.2. Landlord covenants that upon the Delivery Date it will have and will provide Tenant with a copy of its policy of title insurance from Chicago Title Insurance Company evidencing the status of Landlord's title to the Premises. Landlord further covenants that, at the Delivery Date, the Premises will be free from encumbrances, except those set forth in Exhibit E attached hereto and such other encumbrances as do not materially adversely affect Tenant's rights under this Lease ("PERMITTED ENCUMBRANCES"), and that, as of ---------------------- said date, Tenant shall be able to obtain at Tenant's expense a leasehold policy of title insurance in a form satisfactory to Tenant, subject only to the Permitted Encumbrances.
17.3. Tenant, while using the Premises for general office purposes, will not be in violation of any restrictions imposed by any governmental body or authority. Landlord shall hold Tenant harmless from any claims or damages suffered or claimed to be suffered as a result of any such alleged violations pertaining to Tenant's use of the Premises and/or Landlord's warranties.
Warranties of Landlord. 13 21. (INTENTIONALLY OMITTED) .............. 15 22. INSPECTION ........................... 16 23. WRITTEN CONSENT ...................... 16 24.
