Representations, Warranties and Agreements of Lessor Clause Samples

Representations, Warranties and Agreements of Lessor. Lessor represents, warrants and agrees: 3.1 that during the term of this Lease as long as no Event of Default has occurred, Lessee's use of the Aircraft shall not be interrupted by Lessor or anyone claiming through or under Lessor. 3.2 that Lessor is a limited liability company with authority to enter into, and consummate, the transactions contemplated by, this Lease and that this Lease has been duly authorized, executed and delivered by the Lessor and constitutes a valid, enforceable and binding obligation of the Lessor in accordance with its terms except as enforceability may be limited by bankruptcy, insolvency, reorganization or other laws of general application affecting the enforcement of creditor's rights and general principles of equity, including without limitation, specific performance. LESSEE EXPRESSLY AGREES TO LEASE THE AIRCRAFT "AS-IS, WHERE-IS". LESSOR SHALL NOT BE DEEMED TO HAVE MADE, AND LESSOR HEREBY DISCLAIMS, ANY OTHER REPRESENTATION OR WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER, INCLUDING, WITHOUT LIMITATION, THE DESIGN OR CONDITION OF THE AIRCRAFT, ITS MERCHANTABILITY OR ITS FITNESS FOR ANY PARTICULAR PURPOSE, THE QUALITY OF THE MATERIAL OR WORKMANSHIP OF THE AIRCRAFT TO THE PROVISIONS AND SPECIFICATIONS OF ANY PURCHASE AGREEMENT OR AGREEMENTS RELATING THERETO, THE ABSENCE OF ANY LATENT OR OTHER DEFECTS, WHETHER OR NOT DISCOVERABLE, OR THE ABSENCE OF ANY INFRINGEMENT OR ANY PATENT, TRADEMARK OR COPYRIGHT, NOR SHALL LESSOR BE LIABLE REGARDLESS OF ANY ACTUAL OR ALLEGED NEGLIGENCE OF LESSOR, OR FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES OR FOR STRICT OR ABSOLUTE LIABILITY IN TORT, AND ANY RISKS WITH RESPECT THERETO SHALL BE ASSUMED BY LESSEE. THE FOREGOING SHALL NOT, HOWEVER, BE CONSTRUED TO RELIEVE LESSOR FROM LIABILITY TO LESSEE FOR DAMAGES PROXIMATELY CAUSED BY LESSOR'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OR LESSOR'S ACTS OF NEGLIGENCE IN THE UNDERTAKING OF AFFIRMATIVE ACTS. The warranties set forth hereinabove are in lieu of all other warranties of Lessor, whether written, oral or implied with respect to this Lease or the Aircraft, and Lessor shall not be deemed to have modified in any respect the obligations of Lessee pursuant to Section 5 hereof, which obligations are absolute and unconditional.

Representations, Warranties and Agreements of Lessor. ▇▇▇▇▇▇ represents, warrants and agrees as follows: