OWNER REPRESENTATIONS definition

OWNER REPRESENTATIONS. Owner represents that, unless otherwise specified in writing, Owner is unaware of: (i) any recorded Notice of Default affecting the Property; (ii) any delinquent amounts due under any loan secured by, or other obligation affecting, the Property; (iii) any bankruptcy, insolvency or similar proceeding affecting the Property; (iv) any litigation, arbitration, administrative action, government investigation, or other pending or threatened action that does or may affect the Property or Owner's ability to transfer it; and (v) any current, pending or proposed special assessments affecting the Property. Owner shall promptly notify Broker in writing if Owner becomes aware of any of these items during the term of this Agreement. Owner's Initials ( ) ( ) Broker's Initials ( ) ( )
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OWNER REPRESENTATIONS. Owner represents and warrants: that Owner has full power and authority to enter into this Agreement; that there are no written or oral agreements affecting the Property other than disclosed tenant leases, copies of which have been furnished to Manager; that there are no recorded easements, restrictions, reservations or rights of way which adversely affect the use of the Property for the purposes intended under this Agreement; that the Property is zoned for the intended use; that all permits for the operation of the Property have been secured and are current; that any underlying mortgages or related liens permit rental of the Property or Property steps have been taken to ensure the Property being used in a manner consistent with how it has been represented to third parties, that the building and its construction and operation do not violate any applicable statutes, laws, ordinances, rules, regulations, orders or the like; that the information supplied by Owner is dependable and accurate; and that any loans, notes, mortgages, dues or trust deeds are fully paid or a re current without defaults . Termination
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OWNER REPRESENTATIONS means each of the representations and warranties set out in Clauses18.2 (Binding obligations), 18.3 (Non-conflict with other obligations), paragraphs (b) and (c) of 18.5 (Validity and admissibility in evidence), 18.6 (Governing law and enforcement), 18.8 (No filing or stamp taxes), 18.9 (No default), 18.10 (No misleading information), paragraph (d) of 18.11 (Financial statements), paragraph (a) of 18.12 (Pari passu ranking), 18.13 (No proceedings),18.14 (Title), 18.16 (Shares), 18.18 (Sanctions), 18.19 (Corruption) and Clause 18.22 (Additional Owner representations).
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Examples of OWNER REPRESENTATIONS in a sentence

  • Note that as there is no changes proposed to the policy that Council does not need to place the policy on public display and seek submissions GENERAL BUSINESS6 BUSINESS OWNER REPRESENTATIONS - PARKING WILLIAM STREET (28.00006) Cr North - Concerns at parking in area near Council.

  • This provides for regular data collection and analysis on demand and supply-side access to finance required to form the basis for effective policymaking.

  • SECTION 3 – PROJECT OWNER REPRESENTATIONS, COVENANTS, AND WARRANTIES(a) The Project Owner (i) is an authorized and qualified to transact in the City any and all business contemplated by this Declaration; (ii) possesses all requisite power, authority, licenses and permits to own its properties and assets and to conduct its business; and (iii) has all legal right, power and authority to execute and deliver this Declaration.

  • PROPERTIES TO BE MANAGED UNDER THIS AGREEMENT: See Attachment “A” OWNER REPRESENTATIONS: Owner (s) has the (i) legal authority to lease the property, (ii) no other real estate broker represents Owner in connection with the management of Property (iii) there is no pending or anticipated foreclosure, bankruptcy or other proceeding that could affect the ability to lease the Property.


More Definitions of OWNER REPRESENTATIONS

OWNER REPRESENTATIONS. Owner represents that unless otherwise specified in writing, Owner is unaware of: (i) any recorded Notice of Default affecting the Property; (ii) any delinquent amounts due under any loan secured by, or other obligation affecting, the Property; (iii) any bankruptcy, insolvency or similar proceeding affecting the Property; (iv) any litigation, arbitration, administrative action, government investigation, or other pending or threatened action that does or may affect the Property or Owner’s ability to transfer it; and
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OWNER REPRESENTATIONS. Owner represents: (1) it is the legal owner of the premises to be improved; (2) that it has received and read this contract; (3) it fully understands the terms and conditions of this contract and has had the opportunity to retain counsel to have the terms and conditions explained; (4) this contract and the attached Proposal comprise the entire agreement between Owner and Seamless; (5) there are no other oral or written agreements between the parties other than this contract; (6) no statements, promises, commitments or representations have been made by Seamless to induce Owner to execute this contract; (7) that Owner agrees to sign a Completion Certificate upon completion of work.
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Related to OWNER REPRESENTATIONS

  • Specified Representations means the representations and warranties of the Borrower and set forth in Sections 5.01(a) (solely as it relates to the Loan Parties), 5.01(b)(ii), 5.02 (other than 5.02(b)), 5.04, 5.12, 5.15, 5.16 (subject to the proviso to Section 4.01(a)(iv)) and 5.20 (limited to the use of proceeds of the Loans on the Closing Date).

  • Seller Fundamental Representations means the representations and warranties of Seller contained in Section 3.01 (Existence and Power), Section 3.02 (Authorization), Section 3.05 (Group Companies) (other than Section 3.05(e)) and Section 3.21 (Finders’ Fees).

  • Buyer Fundamental Representations has the meaning set forth in Section 8.01.

  • Representations means the written Representations and Warranties provided by Borrower to Silicon referred to in the Schedule.

  • DTC Representation Letter means the Blanket Letter of Representation from the Issuer and the Paying Agent to DTC which provides for a book-entry system, or any agreement between the Issuer and Paying Agent and a successor securities depository duly appointed.

  • Specified Acquisition Agreement Representations means the representations and warranties made by, or with respect to, the Target and its subsidiaries in the Acquisition Agreement that are material to the interests of the Lenders, but only to the extent that the Borrower (or its applicable affiliate) has the right (taking into account applicable cure provisions) to terminate its obligations under the Acquisition Agreement or to decline to consummate the Acquisition (in each case, in accordance with the terms thereof) as a result of a breach of any such representations and warranties.