Common use of Representations and commitments Clause in Contracts

Representations and commitments. relating to the real estate owned by the Contributing Company (i) Draw up and sign first, any supplemental instruments or documents rectifying this Agreement and any other supplemental or rectifying documents and second, any declarations of ownership permitting the accomplishment of the formality of real property disclosure of the transfers of assets included in this contribution; (ii) If applicable, draw up any supplemental and rectifying description of the real estate contributed to repair any omission or error in the prior description and for the purpose of accounting for any real estate transactions of acquisition, sale or exchange that may be currently pending; (iii) Establish the origin of ownership of the real estate owned by the Contributing Company; (iv) Report, if applicable, any liens encumbering the real estate; (v) In addition, to make any rectifications and representations that may be necessary for the purposes of this contribution. The Contributing Company represents that the real estate transferred under this contribution is free of any liens or mortgages.