Common use of Contractor’s Warranties and Guaranties Clause in Contracts

Contractor’s Warranties and Guaranties. Landlord hereby agrees to obtain industry standard warranties from the Contractor and all subcontractors and assigns to Tenant all warranties and guaranties by Contractor relating to the Tenant Improvements, and Tenant hereby waives all claims against Landlord relating to, or arising out of the construction of, the Tenant Improvements. Landlord will assist Tenant in enforcing all warranties against the applicable parties.

Appears in 3 contracts

Samples: Sorrento Gateway Lease (Sorrento Therapeutics, Inc.), Sorrento Gateway (Sorrento Therapeutics, Inc.), Sorrento Gateway (Sorrento Therapeutics, Inc.)

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Contractor’s Warranties and Guaranties. Landlord hereby agrees to shall obtain industry standard guaranties and warranties from the Contractor and all subcontractors and the Landlord hereby assigns to Tenant all warranties and guaranties by Contractor relating to the Tenant Improvements, and Tenant hereby waives all claims against Landlord relating to, or arising out of the construction of, the Tenant Improvements. Landlord will assist Tenant in enforcing all warranties against the applicable parties.

Appears in 1 contract

Samples: Office Lease (Volcano Corp)

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