Common use of Warranty Obligations Clause in Contracts

Warranty Obligations. (a) Except as set forth on WP Disclosure Schedule Section 4.18, none of the WP Entities, to the knowledge of the WP Partners and the WP Entities, has any warranty claims that are not covered by Homebuyers Warranty Corporation, National Home Insurance Company or warranties from subcontractors that materially exceed the amounts reserved therefor on the WP Balance Sheet or any aggregate amounts properly accrued on the books and records of any of the WP Entities since the date of the WP Balance Sheet. (b) Except as set forth on WP Disclosure Schedule Section 4.18, to the knowledge of the WP Partners and the WP Entities, no product manufactured, sold, leased or delivered by any of the WP Entities (except pursuant to applicable law) is subject to any material guaranty, warranty, or other indemnity beyond the applicable standard terms and conditions of sale or lease. (c) To the knowledge of the WP Partners and the WP Entities, except as set forth on WP Disclosure Schedule Section 4.18, none of the WP Entities has any material Liability not fully covered by insurance arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased or delivered by any of the WP Entities. (d) All sales by the WP Entities have been made in accordance with all federal and state consumer disclosure laws and regulations, including, if applicable, the California Subdivided Lands Act and the regulations enacted thereunder.

Warranty Obligations. (a) Except as set forth on WP Xxxxxxx Disclosure Schedule Section 4.185.18, none of the WP Xxxxxxx Entities, to the knowledge of the WP Partners and the WP Xxxxxxx Entities, has any warranty claims that are not covered by Homebuyers Warranty Corporation, National Home Insurance Company or warranties from subcontractors that materially exceed the amounts reserved therefor on the WP Xxxxxxx Balance Sheet or any aggregate amounts properly accrued on the books and records of any of the WP Xxxxxxx Entities since the date of the WP Xxxxxxx Balance Sheet. (b) Except as set forth on WP Xxxxxxx Disclosure Schedule Section 4.185.18, to the knowledge of the WP Partners and the WP Xxxxxxx Entities, no product manufactured, sold, leased or delivered by any of the WP Xxxxxxx Entities (except pursuant to applicable law) is subject to any material guaranty, warranty, or other indemnity beyond the applicable standard terms and conditions of sale or lease. (c) To the knowledge of the WP Partners and the WP Xxxxxxx Entities, except as set forth on WP Xxxxxxx Disclosure Schedule Section 4.185.18, none of the WP Xxxxxxx Entities has any material Liability not fully covered by insurance arising out of any injury to individuals or property as a result of the ownership, possession, or use of any product manufactured, sold, leased or delivered by any of the WP Xxxxxxx Entities. (d) All sales by the WP Xxxxxxx Entities have been made in accordance with all federal and state consumer disclosure laws and regulations, including, if applicable, the California Subdivided Lands Act and the regulations enacted thereunder.