Premises Warranties Clause Samples
The "Premises; Warranties" clause defines the representations and guarantees made by one or both parties regarding the condition, ownership, or suitability of the premises involved in the agreement. Typically, this clause outlines specific assurances about the state of the property, such as compliance with laws, absence of defects, or the authority to lease or sell. By clearly stating these warranties, the clause allocates risk and ensures that both parties have a mutual understanding of the premises' condition, thereby reducing the likelihood of disputes over undisclosed issues.
Premises Warranties. Buyer will provide Seller with a copy of any applicable warranties as soon as reasonably possible after construction of the Premises is complete, and before construction or installation of the Solar Facility begins. Seller will use reasonable efforts to ensure that any warranties of which it has had notice are not invalidated or rendered void by Seller’s construction or installation or maintenance of the Solar Facility. In the event that Seller’s acts or omissions negatively impact any warranties and result in actual damage, Seller agrees to indemnify Buyer for such damage.
Premises Warranties