Lessee’s Representations Sample Clauses
The "Lessee’s Representations" clause requires the lessee to formally declare certain facts or assurances about themselves or the leased property at the outset of the lease agreement. Typically, this includes confirming the lessee’s legal authority to enter into the lease, their financial capacity to meet obligations, and that all information provided to the lessor is accurate and complete. By setting out these representations, the clause helps the lessor assess risk and provides grounds for recourse if any statements are later found to be false or misleading, thereby protecting the lessor’s interests and ensuring transparency in the leasing relationship.
Lessee’s Representations. Lessee covenants, represents and warrants as follows: (a) as of the date hereof, Lessee will be the tenant under the Operating Lease with respect to the Hotels and has full power and authority to enter into this Agreement; (b) throughout the term of this Agreement and except as provided in the Operating Lease, Lessee will pay, keep, observe and perform all payments, terms, covenants, conditions and obligations under any lease or other concession and any real estate taxes or assessments covering or affecting the Hotels; (c) the execution of this Agreement is permitted by the Articles of Incorporation, By-Laws or other organizational documents of Lessee and this Agreement has been duly authorized, executed and delivered and constitutes the legal, valid and binding obligation of Lessee; (d) there is no claim, litigation, proceeding or governmental investigation pending, or as far as is known to Lessee, threatened, against or relating to Lessee, the properties or business of Lessee or the transactions contemplated by this Agreement that does, or may reasonably be expected to, materially and adversely affect the ability of Lessee to enter into this Agreement or to carry out its obligations under this Agreement; and (e) neither the consummation of the actions contemplated by this Agreement on the part of Lessee to be performed, or the fulfillment of the terms, conditions and provisions of this Agreement, conflicts with or will result in the breach of any of the terms, conditions or provisions of, or constitute a default under, any agreement, indenture, instrument or undertaking to which Lessee is a party or by which it is bound.
Lessee’s Representations. Lessee represents and warrants for this Master Lease and each Schedule that the execution, delivery and performance by Lessee have been duly authorized by all necessary corporate action; the individual executing was duly authorized to do so; the Master Lease and each Schedule constitute valid, binding agreements of the Lessee enforceable in accordance with their terms; that all information supplied by Lessee, including but not limited to the credit application and other financial information concerning Lessee, is accurate in all material respects as of the date provided; and if there is any material change in such information prior to manufacturer's or, if appropriate, supplier's shipment of Product under the Schedule, Lessee will advise Lessor of such change in writing.
Lessee’s Representations. If a corporation/partnership, the Lessee represents and warrants to the city that this Agent has full right, power and authority to execute this Agreement on behalf of the Lessee.
Lessee’s Representations. 8.1. I confirm that the data provided by me to the Lessor, necessary for conclusion of this Agreement, are true, accurate, correct and complete. In case of change of the data in the registration form is, I undertake to immediately update such data. By no circumstances the Lessor shall be liable for damage that occurred to the Lessee and/or third persons due to incorrect and/or incomplete personal data provided by the Lessee or failure to amend and supplement such data after it has changed.
8.2. I declare that I am fully acquainted with the Agreement and the General Terms and Conditions, the conditions thereof are clarified before signing of the Agreement and I agree with such conditions; I have received the Agreement; all the conditions of the Agreement have been individually read and discussed.
8.3. I have acquainted and agree with the consequences of the late performance of the undertakings, including, but not limited to penalties, forfeits, grounds of termination of the Agreement, grounds and procedure of compensation of damages.
8.4. I declare that I am familiar with potential risks of using electronic feeds.
8.5. By concluding this Agreement, I give the Lessor my consent to process personal data (Personal Code, address, name, surname, citizenship, mobile phone, e-mail, etc.) of the Lessee (provided by the Lessee and received by third persons) by automatic or other means for the purpose of concluding, administration and performance of the Agreement, also for other purposes for which I have expressed or shall express in the future my consent. Personal data of the Lessee shall be processed for the purpose of direct marketing only after receipt of the explicit consent by the Lessee.
8.6. I am aware and agree that in the course of conclusion and execution of the Agreement the Lessor has the right to collect, evaluate and otherwise handle all legally possessed Lessee’s data (including, but not limited to, personal code, credit rating, etc.) for the purposes of solvency verification, debt management and/or collection of debts. If the Lessee does not fulfill his/hers financial obligations under the concluded Agreement and does not eliminate the violation after warning, the Lessor has the right in accordance with legislation requirements for respective data processing and transfer procedures to use this data for the purposes of debt management and / or collection of debts. The Lessor performs his contractual and legal obligations on the basis of the data speci...
Lessee’s Representations. Lessee represents and warrants that (a) Lessee is a validly existing limited liability company organized under the laws of the State of Delaware and is qualified to do business in all states in which it is required to so qualify due to the nature of its business activities, (b) Lessee has the requisite power and authority to enter into this Lease and (c) this Lease has been duly authorized by all necessary action on behalf of Lessee.
Lessee’s Representations. As a material inducement for Lessor to enter into this Lease, Lessee represents and warrants that (i) except as may be permitted by applicable law, throughout the Lease Term (A) all parts of the Premises will be kept free (by Lessee and others) of Hazardous Materials (as defined below) and (B) no part of the Premises will be used by Lessee or others to generate, manufacture, refine, transport, treat, store, handle, dispose of, transfer, produce or process Hazardous Materials and (ii) Lessee will not suffer or permit any activity in, at or from all or any part of the Premises that will cause or contribute to pollution (by petroleum or petroleum products, or otherwise) of the Premises in whole or in part or any other property. "Hazardous Materials" shall mean all materials which because of their quantity, concentration or physical, chemical or infectious characteristics may cause or pose a present or potential hazard to human health or the environment when improperly handled, treated, stored, transported, disposed of or otherwise managed. The term shall include (without limitation) all petroleum, petroleum products, explosives, radioactive materials, hazardous wastes, hazardous or toxic substances, any material containing 1% or more asbestos by weight or any other substance or material now or hereafter defined as a "hazardous" or "toxic" substance, material or product by the U.S. Environmental Protection Agency or the state in which the Premises is located under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), the Resource Conservation and Recovery Act (RCRA), the Toxic Substances Control Act (TSCA), the Federal Water Pollution Control Act (FWPCA) or comparable state statutes and other Environmental Requirements (as defined below). Lessee shall comply fully with all Environmental Requirements. "Environmental Requirements" shall mean all applicable laws pertaining to the protection of human health and the environment, including (without limitation) employee and community right-to-know laws and all laws regarding the use, generation, storage, transportation, treatment, disposal or other handling of Hazardous Materials. The only Hazardous Materials permitted on the Premises are cleaning products and other materials in ordinary quantities which are used in the ordinary course of business and necessary for the conduct of the Permitted Uses and which Lessee uses in strict compliance with all applicable Environmental Requirements.
Lessee’s Representations. You represent to us that (1) you have complete power and are properly authorized to enter into this Lease;
Lessee’s Representations. Lessee warrants and represents to and covenants with Lessor as follows, and acknowledges that each and every such representation is material to Lessor’s decision to enter into this Lease and the Transaction Documents:
Lessee’s Representations. Lessee represents, warrants and covenants to Operator that:
(a) he will use each Aircraft for and on his own account only and will not use any Aircraft for the purposes of providing transportation of passengers or cargo in air commerce for compensation or hire;
(b) he shall refrain from incurring any mechanics or other lien in connection with inspection, preventative maintenance, maintenance or storage of the Aircraft, whether permissible or impermissible under this Agreement, and he shall not attempt to convey, mortgage, assign, lease or any way alienate any Aircraft or create any kind of lien or security interest involving any Aircraft or do anything or take any action that might mature into such a lien;
(c) during the term of this Agreement, he will abide by and conform to all such laws, governmental, and airport orders, rules, and regulations as shall from time to time be in effect relating in any way to the operation and use of the Aircraft by a time-sharing lessee.
Lessee’s Representations. Lessee represents and warrants to Lessor that as of the Effective Date, Lessee is the sole owner(s) of the Leasehold Interest created by the Lease with respect to the Property, and Lessee has not assigned or encumbered (in part or in whole) any rights, claims, defenses or offsets it may have had under the Lease prior to the execution of this Amendment. Other than any mortgage of record in the Official Records of San Mateo County that encumbers the Leasehold Interest as of the Effective Date, Lessee has not granted any party a security interest affecting the Property.