Common use of Warranties of Seller Clause in Contracts

Warranties of Seller. Seller represents and warrants to Buyer as follows: (a) It has not entered into any other contracts to sell, mortgage, or assign the Assets. (b) As of the date of closing, the Assets shall be free and clear of all liens, encumbrances, chattel mortgages or conditional sales contracts. (c) It has taken all corporate action, and other legally required action, including permits and consents required by the governmental authorities in the jurisdiction where the Assets are situated, necessary to sell and transfer the Assets to Buyer and has received/obtained full corporate, legal, govern-mental and other necessary authority to do so.