Ownership Representation Sample Clauses
The Ownership Representation clause serves to affirm that a party has legal ownership and the right to transfer or use certain assets, property, or intellectual property involved in the agreement. In practice, this clause requires the party making the representation to confirm that there are no undisclosed claims, liens, or encumbrances affecting the ownership of the specified assets. By including this clause, the agreement ensures that the receiving party can rely on the legitimacy of the ownership, thereby reducing the risk of future disputes or third-party claims.
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Ownership Representation. Each party hereto represents and warrants, and the other party hereby acknowledges, that it has sufficient right, title and interest in and to the technology ostensibly being licensed by it to the other party hereunder to give full force and effect to the license grants set forth in Section 2 above.
Ownership Representation. Subdivider, by signing below and the Final Plat of Oakdale Park Storage, does warrant and represent that it has executed the Final Plat by and through an authorized person, and that it is and shall continue to be the sole owner of 100% of the Replatted Area at date of execution of this Agreement and at date of recording this Agreement, the final plat, and any Easements benefiting Lot 1 and burdening Lot 2 (or benefiting Lot 2 and burdening Lot 1).
Ownership Representation. Each Member represents and warrants to the Company and to the other Members that it is a U.S. person as that term is defined under Section 7701(a)(30) of the Code.
Ownership Representation. The Holder has acquired the Subordinated Debenture, the Subordinated Note and the Warrants for its own account and not with a view to distribution in violation of any securities laws. The Holder has no present intention to sell the Securities in violation of federal or state securities laws and the Holder has no present arrangement (whether or not legally binding) to sell the Securities to or through any person or entity.
Ownership Representation. By signing this Land Owner Agreement, Land Owner warrants that Land Owner is the sole owner of the Property on which the GI Improvements will be constructed, or has secured a sufficient property interest, including any easements or rights of way, that may be necessary to grant access for the completion and maintenance of the GI Improvements.
Ownership Representation. Under no circumstances shall LESSEE represent to any party that the LESSEE is the owner of the property covered by the Lease Agreement or is the agent or trustee of the LESSOR. ▇▇▇▇▇▇ understands and agrees that no authorization to act for, on or in behalf of the LESSOR is granted to the LESSEE.
Ownership Representation. Borrower represents and warrants to Lender that as of the date of this Note, ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ is in Control (as defined in the Deed of Trust) of Borrower and the sole general partner of Borrower is Charter DMN GP, LLC, a Texas limited liability company, an entity Controlled by ▇▇▇ ▇.
Ownership Representation. Under no circumstances will Developer represent to any party that Developer is the owner of the Parking Garage or the agent or trustee of the City. Developer understands and agrees that no authorization to act for, on or in behalf of the City is granted to Developer.
Ownership Representation. The Blackfeet Tribe represents that, according to the records and files of the Blackfeet Indian Agency, Browning, Montana, the Subject Lands are not now subject to any existing oil and gas lease(s) or any other agreement or arrangement which would preclude MEXP from exercising any of its rights granted herein or performing any of its duties and obligations likewise set forth herein. Notwithstanding, MEXP shall not rely on said representation and MEXP has the duty and obligation to verify ownership of the oil and gas mineral estate underlying the Subject Lands.
Ownership Representation. Under no circumstances shall MTW represent to any party that MTW is the owner of the property covered by the Agreement or the agent or trustee of the City. MTW understands and agrees that no authorization to act for, on or in behalf of the City, is granted to MTW.