Representations and Warranties Regarding Ground Lease Sample Clauses

Representations and Warranties Regarding Ground Lease. Mortgagor represents and warrants in favor of Mortgagee as follows:
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Representations and Warranties Regarding Ground Lease. Trustor represents and warrants in favor of Beneficiary as follows:
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Representations and Warranties Regarding Ground Lease. Grantor hereby represents and warrants that (i) each Ground Lease is in full force and effect as between the parties thereto, (ii) Borrower is not in default under any Ground Lease and, to the knowledge of Borrower, there are no defaults by the other party thereto, (iii) a true and complete copy of each Ground Lease, as amended, has been delivered to Beneficiary and each Ground Lease constitutes the entire agreement with the landlord thereunder, (iv) to the knowledge of Grantor, there is no existing default or event of default which with the passage of time and/or the giving of notice or both would constitute a default under a Ground Lease by any party thereto, (v) each Ground Lease permits the interest of Grantor as lessee thereunder to be encumbered by a mortgage, (vi) the term of each Ground Lease (including all renewal options of Borrower, as lessee) extends to a date not earlier than June 10, 2012.
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Representations and Warranties Regarding Ground Lease. LF3 and TRS warrant and represent to Lender that, as of the date of this Mortgage: (i) the Ground Lease is in full force and effect in accordance with its terms; (ii) LF3 and TRS have not waived, canceled or surrendered any of its rights under the Ground Lease; (iii) LF3 and TRS is the sole owner of, and has good and marketable title to, its leasehold estate ("Leasehold Estate") created by the Ground lease; (iv) the Leasehold Estate and the Land are free and clear of all liens, encumbrances and other matters affecting title, other than the lien of this Mortgage and the easements, restrictions and other matters listed in the schedule of exceptions to coverage in the title insurance policy issued to Lender in connection with the execution and recordation of this Mortgage and insuring Lender's interest in the Leasehold Estate; (v) there is no existing default under the Ground Lease (a "Ground Lessee Default") and no event has occurred which, with the passage of time or the giving of notice, or both, would constitute a Ground Lessee Default; and (vi) to the best of LF3'sand TRS's knowledge there is no existing default by the lessor ("Ground Lessor") under the Ground Lease (a "Ground Lessor Default") and no event has occurred which, with the passage of time or the giving of notice, or both, would constitute a Ground Lessor Default.
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Related to Representations and Warranties Regarding Ground Lease

  • Representations and Warranties Regarding the Trust Depositor 17 Section 3.02. Representations and Warranties Regarding the Servicer 18 ARTICLE FOUR PERFECTION OF TRANSFER AND PROTECTION OF SECURITY INTERESTS 20 Section 4.01. Custody of Contracts 20 Section 4.02. Filing 21 Section 4.03. Name Change or Relocation 21 Section 4.04. Costs and Expenses 21 ARTICLE FIVE SERVICING OF CONTRACTS 22 Section 5.01. Responsibility for Contract Administration 22 Section 5.02. Standard of Care 22 Section 5.03. Records 22 Section 5.04. Inspection 22 Section 5.05. Trust Accounts 22 Section 5.06. Enforcement 24 Section 5.07. Trustees to Cooperate 25 Section 5.08. Costs and Expenses 25 Section 5.09. Maintenance of Security Interests in Motorcycles 26 Section 5.10. Successor Servicer/Lockbox Agreements 26 Section 5.11. Separate Entity Existence 26 ARTICLE SIX THE TRUST DEPOSITOR 26 Section 6.01. Covenants of the Trust Depositor 26

  • Representations and Warranties Regarding Each Contract Seller represents and warrants as to each Contract as of the execution and delivery of this Agreement and as of the Closing Date, that:

  • Representations and Warranties Regarding the Company (a) The Company represents and warrants to, and agrees with, the several Underwriters, as of the date hereof and as of the Closing Date and as of each Option Closing Date, if any, as follows:

  • Representations and Warranties; No Defaults The following statements shall be true on the date of such Loan or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds thereof:

  • Representations and Warranties Regarding the Seller The Seller represents, warrants and covenants to the Purchaser that as of the date hereof and as of each Closing Date:

  • Certain Representations and Warranties Regarding the Collateral Each Pledgor represents and warrants that on the date hereof (i) each Subsidiary of such Pledgor, and the direct ownership thereof, is listed in Annex A hereto; (ii) the Stock held by such Pledgor consists of the number and type of shares of the stock of the corporations as described in Annex B hereto; (iii) such Stock constitutes that percentage of the issued and outstanding capital stock of the issuing corporation as is set forth in Annex B hereto; (iv) the Notes held by such Pledgor consist of the promissory notes described in Annex C hereto where such Pledgor is listed as the lender; (v) the Limited Liability Company Interests held by such Pledgor consist of the number and type of interests of the Persons described in Annex D hereto; (vi) each such Limited Liability Company Interest constitutes that percentage of the issued and outstanding equity interest of the issuing Person as set forth in Annex D hereto; (vii) the Partnership Interests held by such Pledgor consist of the number and type of interests of the Persons described in Annex E hereto; (viii) each such Partnership Interest constitutes that percentage or portion of the entire partnership interest of the Partnership as set forth in Annex E hereto; (ix) the Pledgor has complied with the respective procedure set forth in Section 3.2(a) hereof with respect to each item of Collateral described in Annexes A through E hereto; and (x) on the date hereof, such Pledgor owns no other Securities, Limited Liability Company Interests or Partnership Interests.

  • REPRESENTATIONS AND WARRANTIES REGARDING THE SELLERS Each Seller, severally and not jointly, represents and warrants to Purchaser as follows:

  • REPRESENTATIONS AND WARRANTIES REGARDING SELLER Seller represents and warrants, as of the execution and delivery of this Agreement and as of the Closing Date, that:

  • Representations and Warranties; Reaffirmation (a) Borrower hereby represents and warrants to each Lender as follows:

  • Representations and Warranties; No Default On the Amendment Effective Date, after giving effect to the amendment of the Loan and Security Agreement contemplated hereby:

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