REPRESENTATION AND WARRANTIES BY THE PURCHASER Clause Samples
The 'Representation and Warranties by the Purchaser' clause requires the purchaser to formally declare certain facts about themselves and their ability to enter into the agreement. Typically, this includes confirming that the purchaser has the legal authority to buy, is not restricted by other agreements, and possesses the necessary funds or approvals. By setting out these assurances, the clause helps ensure that the seller can rely on the purchaser’s statements, reducing the risk of disputes or failed transactions due to misrepresentation or lack of capacity.
REPRESENTATION AND WARRANTIES BY THE PURCHASER. 2.1 At execution of this Agreement, the PURCHASER has assured and represented to the Developer and the Vendors as follows :
(i) The PURCHASER shall cause a publication, if necessary, of the proposed transaction in the newspaper.
(ii) The PURCHASER doth hereby declare that the PURCHASER has perused and inspected photocopies of all papers/ documents/ deeds of title and the sanctioned building plan of the proposed building and made himself satisfied with regard to the title of the property and agreed not to raise question in respect of the said UNIT (along with common facilities and benefits etc.) and the said premises.
(iii) The Purchaser doth hereby consent and confirm that the Developer shall be at liberty to have the said Building Plan modified and/or altered for construction reconstruction addition and/or alteration to the Buildings or any part thereto and/or for any change of user of any Unit.
(iv) The Purchaser doth hereby further accepts and confirms that the said Unit is being constructed in accordance with the Building Plan with such sanctionable modifications or alterations therein as may be deemed fit by the Developer or advised by the Architects or directed by the Competent Authority or any other authority and the Purchaser agrees not to raise any objection in respect thereof and shall accept the same and in no event be entitled to any abatement in price or to any compensation on account thereof.
(v) The Purchaser further agrees that on completion of construction if the measurement of the Said Unit increases/decreases from that of as mentioned in this Agreement, such increase/decrease shall be accepted by the Purchaser as final and binding.
(vi) The Purchaser shall not in any manner cause any objection obstruction interference or interruption at any time hereafter in the construction or completion of construction of or in the Building or on other parts of the said premises by the Developer.
(vii) The Purchaser hereby undertake that the Purchaser shall not object, obstruct and or interfere in respect of sale/transfer of other flats/car-parking space/spaces to any other intending PURCHASER/buyers.
(viii) The Purchaser hereby undertakes that the Purchaser shall make the total consideration amount ( as mentioned in Part- I of the Fifth Schedule) within the time schedule morefully mentioned in the Part-II of the Fifth schedule hereunder written. It is agreed that timely payment by the Purchaser shall be the essence of the contract.
(ix) On the basis o...
REPRESENTATION AND WARRANTIES BY THE PURCHASER. The Purchaser represents, warrants and covenants to the Sellers, all of which representations and warranties shall be true at the time of the Closing Date and shall survive the Closing Date for a period of two (2) years therefrom, that:
a. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and has the corporate power to own its properties and carry on its business as now being conducted.
b. The Purchaser has all of the necessary corporate power and authority to execute, deliver and perform this Agreement and to issue and deliver the Purchaser Common Stock and any other shares of the Purchaser's common stock required to be delivered hereunder.
c. The execution, delivery and performance of this Agreement have been duly authorized by the Purchaser. This Agreement constitutes a valid binding obligation of the Purchaser enforceable in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors' rights and by general principles of equity. The execution, delivery and performance by the Purchaser of this Agreement, the consummation of the Exchange, the issuance and sale of the Purchaser Common Stock to the Sellers, and the consummation of the other transactions contemplated by this Agreement to be performed by the Purchaser do not and will not require the authorization, consent, permit or approval of, or declaration to or filing with, any court, regulatory or public body or governmental authority or other third party not already obtained or made, or result in the creation of any lien, security interest, charge or encumbrance upon the capital stock or assets of the Purchaser.
d. The Purchaser has complied, in all material respects, with the terms and provisions of all agreements to which it is a party and all laws, rules, regulations and orders or to which it or its assets are subject.
e. Neither the execution or delivery of this Agreement, nor the issuance of the Purchaser Common Stock or other shares to be issued hereunder, nor the performance, observance or compliance with the terms and provisions of this Agreement, will violate any provision of law, any order of any court or other governmental agency, the Articles of Incorporation or By-laws of the Purchaser or any indenture, agreement or other instrument to which the Purchaser is a party, or which the Purchaser is bound or by which any of its proper...
REPRESENTATION AND WARRANTIES BY THE PURCHASER. The Purchaser represents, warrants and covenants to the Company, all of which representations and warranties shall be true at the time of the Closing Date and shall survive the Closing Date for a period of two (2) years therefrom, that;
(a) It is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida and has the corporate power to own its properties and carry on its business as now being conducted. Purchaser has 1 Billion Shares authorized of which 700 million are issued and outstanding. Purchaser has no preferred shares authorized, issued or outstanding.
REPRESENTATION AND WARRANTIES BY THE PURCHASER. The Purchaser hereby represents and warrants to each of the Sellers as follows:
4.2.1 The Purchaser is duly organized and validly existing under the laws of the State of Delaware, USA, and has all requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby.
4.2.2 No consents, approvals, authorizations or other requirements prescribed by any law, rule or regulation is required to be obtained or satisfied by the Purchaser for the consummation of the transactions contemplated hereby.
4.2.3 The execution of this Agreement and consummation of the transactions contemplated hereby will not result in a breach of any of the terms or provisions of, or constitute a default under, any agreement, or other instrument to which the Purchaser is a party or by which it is bound.
4.2.4 The Purchaser has taken all necessary corporate actions required to pay the consideration provided for in Article 2.
REPRESENTATION AND WARRANTIES BY THE PURCHASER. The Purchaser makes the representations and gives the warranties set forth below, as of the date hereof and as of the Closing Date.