REPRESENTATIONS AND WARRANTIES OF PARTNERSHIP AND ATA. To induce the Contributor to enter into this Agreement, the Partnership and ATA, as applicable, represent and warrant to the Contributor as follows:
REPRESENTATIONS AND WARRANTIES OF PARTNERSHIP AND ATA. 36 7.1 Organization and Authorization 36 7.2 No Consents 36 7.3 No Conflicting Agreements 36 7.4 Litigation 37 7.5 Authorization of Issuance of Securities 37 7.6 No Registration of Securities 37 7.7 Integration 37 SECTION 8. INTERIM OPERATION OF THE PROPERTY AND ADDITIONAL COVENANTS. 38 8.1 Compliance with Laws and Permitted Encumbrances 38 8.2 General Operation 38 8.3 Maintenance; Contracts 38 8.4 New Leases; Vacant Units 39 8.5 Audits of the Property and Operations 39 8.6 Financial Information 39 8.7 Extraordinary Actions 39 8.8 Capital Improvements 39 8.9 Delivery and Use of Annual Financial Statements 40 8.10 Exclusivity 40 8.11 Tax Change Notices; Other Events 40 8.12 Commercially Reasonable Efforts 40 8.13 Admission to Partnership 40 SECTION 9. APPORTIONMENTS; CLOSING COSTS. 41 9.1 Apportionments 41 9.2 Closing Costs. 44
