Common use of Compliance with Representations, Warranties and Covenants Clause in Contracts

Compliance with Representations, Warranties and Covenants. (i) All obligations of Sellers under this Agreement shall have been fully performed and complied with, and no event shall have occurred or condition shall exist which would, upon the Closing Date, or, upon the giving of notice and/or passage of time, constitute a breach or default by Sellers hereunder or under the Lease or any other agreement between or among Buyer or Sellers pertaining to the subject matter hereof, and no event shall have occurred or condition shall exist or information shall have been disclosed by Sellers or discovered by Buyer which has had or would have a material adverse effect on any of the Properties, Sellers or Buyer's willingness to consummate the transaction contemplated by this Agreement, as determined by Buyer in its sole and absolute discretion.

Appears in 3 contracts

Samples: Sale Leaseback Agreement (Uno Restaurant Corp), Sale Leaseback Agreement (Uno Restaurant Corp), Sale Leaseback Agreement (Uno Restaurant Corp)

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Compliance with Representations, Warranties and Covenants. (i) All obligations of Sellers the Seller Entities under this Agreement shall have been fully performed and complied with, and no event shall have occurred or condition shall exist which would, upon the Closing Date, or, upon the giving of notice and/or passage of time, constitute a breach or default by Sellers any of the Seller Entities hereunder or under the Lease or any other agreement between or among Buyer or Sellers any of the Seller Entities pertaining to the subject matter hereof, and no event shall have occurred or condition shall exist or information shall have been disclosed by Sellers any of the Seller Entities or discovered by Buyer which has had or would have a material adverse effect on any of the Properties, Sellers any of the Seller Entities or Buyer's willingness to consummate the transaction contemplated by this Agreement, as determined by Buyer in its sole and absolute discretion.

Appears in 1 contract

Samples: Sale Leaseback Agreement (Avado Brands Inc)

Compliance with Representations, Warranties and Covenants. (i) All obligations of Sellers Seller under this Agreement shall have been fully performed and complied with, and no event shall have occurred or condition shall exist which would, upon the Closing Date, or, upon the giving of notice and/or passage of time, constitute a breach or default by Sellers hereunder or under the Lease Lease, or any other agreement between or among Buyer or Sellers and Seller pertaining to the subject matter hereof, and no event shall have occurred or condition shall exist or information shall have been disclosed by Sellers Seller or discovered by Buyer which has had or would have a material adverse effect on any of the PropertiesPremises or Seller, Sellers or Buyer's willingness to consummate the transaction contemplated by this Agreement, as determined by Buyer in its sole and absolute discretion.

Appears in 1 contract

Samples: Sale Leaseback Agreement (Checkers Drive in Restaurants Inc /De)

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Compliance with Representations, Warranties and Covenants. (i) All obligations of Sellers Seller under this Agreement shall have been fully performed and complied with, and no event shall have occurred or condition shall exist which would, upon the Closing Date, or, upon the giving of notice and/or passage of time, constitute a breach or default by Sellers Seller hereunder or under the Lease or any other agreement between or among Buyer or Sellers Seller pertaining to the subject matter hereof, and no event shall have occurred or condition shall exist or information shall have been disclosed by Sellers Seller or discovered by Buyer which has had or would have a material adverse effect on any of the Properties, Sellers Seller or Buyer's willingness to consummate the transaction contemplated by this Agreement, as determined by Buyer in its sole and absolute discretion.

Appears in 1 contract

Samples: Sale Leaseback Agreement (Chart House Enterprises Inc)

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