Seller Assurances Clause Samples

Seller Assurances. Seller represents and warrants to Buyer as of Date of Contract and as of closing that: (a), if Seller is an entity other than a natural person, then Seller is duly organized, validly existing and in good standing under the laws of its state of formation; (b) there is no judgment, claim, litigation or proceeding pending or threatened against Seller or the Property; (c) there exists no violation nor has Seller received notice of any violation of any law, ordinance, rule, regulation or code applicable to the Property or Seller's use thereof, or of any order or requirement of any governmental agency having jurisdiction over the Property or Seller's use thereof, and that the Property and Seller's use thereof fully complies with all of the foregoing; (d) there are no contracts, obligations or commitments which have not been disclosed in writing to Buyer which will bind the Property or Buyer after closing; (e) there are no attachments, executions or assignments for the benefit of creditors, receiverships, or voluntary or involuntary proceedings in bankruptcy or pursuant to any other debtor relief laws contemplated or filed by Seller or pending against Seller or the Property, (f) there are no contracts outstanding for the sale, exchange or transfer of the Property; (g) Seller alone holds fee simple title to the Property free and clear of all defects and encumbrances other than Permitted Encumbrances; (h) no persons other than Seller

Seller Assurances. Seller provides the following assurances that the defects will be repaired: . l l C.

Seller Assurances. Seller represents and warrants to Buyer as of Date of Contract and as of closing that: (a) there is no judgment, claim, litigation or proceeding pending or threatened against Seller or the Property; (b) Seller received no notice of any violation of any law, ordinance, rule, regulation or code applicable to the Property, or of any order or requirement of any governmental agency having jurisdiction over the Property; (c) there are no contracts, obligations or commitments which have not been disclosed in writing to Buyer which will bind the Property or Buyer after closing; (d) there are no attachments, executions or assignments for the benefit of creditors, receiverships, or voluntary or involuntary proceedings in bankruptcy or pursuant to any other debtor relief laws contemplated or filed by Seller or pending against Seller or the Property, (e) there are no contracts outstanding for the sale, exchange or transfer of the Property; (f) Seller alone holds fee simple title to the Property free and clear of all defects and encumbrances other than Permitted Encumbrances; (g) there exists dedicated access to the Property; (h) this Contract constitutes a legal, valid and binding obligation of Seller and the person(s) signing this Contract has full authority to do so; and (i) none of the execution, delivery or performance of this Contract will result in a breach of, or conflict with, the terms of any agreement to which Seller is a party, or any judgment, decree, order or award of any court, governmental body or arbitrator, or any law, rule or regulation applicable to Seller. Seller shall indemnify, hold harmless and defend Buyer from and against all losses, claims and liabilities resulting from the inaccuracy or breach of any of the representations or warranties of Seller set forth in this Contract.

Seller Assurances