Seller Representations and Warranties Sample Clauses
Seller Representations and Warranties. The Seller represents and warrants to the Purchaser, as of the Closing Date (or if otherwise specified below, as of the date so specified):
Seller Representations and Warranties. 7 Section 3.02. Seller Representations and Warranties Relating to the Mortgage Loans. ...........8
Seller Representations and Warranties. The Seller hereby represents and warrants that the representations and warranties set forth in Section 15 of the Repurchase Agreement are true and correct in all material respects with the same force and effect on and as of the date hereof as though made as of the date hereof.
Seller Representations and Warranties. The Seller hereby represents and warrants to the Purchaser that as of the Closing Date or as of such date specifically provided herein:
(a) The Seller is duly organized, validly existing and in good standing as a national banking association and has the power and authority to own its assets and to transact the business in which it is currently engaged. The Seller is duly qualified to do business and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure to so qualify would have a material adverse effect on (i) its business, properties, assets or condition (financial or other), (ii) the performance of its obligations under this Agreement, (iii) the value or marketability of the Mortgage Loans, or (iv) its ability to foreclose on the related Mortgaged Properties.
(b) The Seller has the power and authority to make, execute, deliver and perform this Agreement and to consummate all of the transactions contemplated hereunder and has taken all necessary action to authorize the execution, delivery and performance of this Agreement. When executed and delivered, this Agreement will constitute the Seller's legal, valid and binding obligation enforceable in accordance with its terms, except as enforcement of such terms may be limited by (i) bankruptcy, insolvency, reorganization, receivership, moratorium or similar laws affecting the enforcement of creditors' rights generally or creditors of national banks and by the availability of equitable remedies, (ii) general equity principles (regardless of whether such enforcement is considered in a proceeding in equity or at law) or (iii) public policy considerations underlying the securities laws, to the extent that such policy considerations limit the enforceability of the provisions of this Agreement which purport to provide indemnification from securities laws liabilities.
(c) The Seller holds all necessary licenses, certificates and permits from all governmental authorities necessary for conducting its business as it is presently conducted, except for such licenses, certificates and permits the absence of which, individually or in the aggregate, would not have a material adverse effect on the ability of the Seller to conduct its business as it is presently conducted. It is not required to obtain the consent of any other party or any consent, license, approval or authorization from, or registr...
Seller Representations and Warranties. Seller, and, if applicable, its successors, represents and warrants that throughout the Delivery Term of this Agreement that: (i) the Project qualifies and is certified by the CEC as an Eligible Renewable Energy Resource (“ERR”) as such term is defined in Public Utilities Code Section 399.12 or Section 399.16; and (ii) the Project’s output delivered to Buyer qualifies under the requirements of the California Renewables Portfolio Standard. To the extent a change in law occurs after execution of this Agreement that causes this representation and warranty to be materially false or misleading, it shall not be an Event of Default if Seller has used commercially reasonable efforts to comply with such change in law. Seller and, if applicable, its successors, represents and warrants that throughout the Delivery Term of this Agreement the Renewable Energy Credits transferred to Buyer conform to the definition and attributes required for compliance with the California Renewables Portfolio Standard, as set forth in California Public Utilities Commission Decision 00-00-000, and as may be modified by subsequent decision of the California Public Utilities Commission or by subsequent legislation. To the extent a change in law occurs after execution of this Agreement that causes this representation and warranty to be materially false or misleading, it shall not be an Event of Default if Seller has used commercially reasonable efforts to comply with such change in law.
Seller Representations and Warranties. Seller represents and warrants, as of the Effective Date and at Closing, but not thereafter:
a) There are no tenants of the Property, or any portion thereof, and no other parties in possession of any portion of the Property claiming under Seller and no other party has a right to acquire the Property or any portion thereof.
b) There are no pending eminent domain proceedings or special assessments of any nature with respect to the Property or any part thereof. Seller has not received any notices of any eminent domain proceedings or special assessments being contemplated with respect to the Property or any part thereof, and Seller, as a municipal authority, does not have any knowledge of any such actions being planned or anticipated.
c) Seller owns good and marketable title to the Property and has full power and authority to execute and deliver this Contract, the Development Agreement and perform all of its obligations under this Contract and the Development Agreement. All consents, authorizations and approvals which may be required in order for Seller to enter into this Contract or consummate the transactions contemplated hereby have been obtained. The person executing the Contract on behalf of Seller has been duly authorized and empowered to bind Seller to the Contract. The Contract and the Development Agreement, each when executed and delivered by Seller, shall constitute the valid and binding agreements of Seller and be enforceable against Seller in accordance with their terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws or regulations presently or hereafter in effect which affect the enforcement of creditors’ rights generally.
d) Seller has not received notice of and to Seller’s knowledge, there are no violations of any applicable federal, state or local statute, law, ordinance, order, requirement rule or regulation, or of any covenant, condition, restriction or easement affecting the Property.
e) During the Seller’s ownership of the Property and prior to Closing, Seller has not caused and to Seller’s knowledge, no event has occurred, and no condition has existed, with respect to the Property which could constitute a prior or existing violation of any applicable environmental law.
f) The Property complies with all applicable laws and ordinances, and the present and intended maintenance, operation, and use of the Property does not violate any environmental, zoning, subdiv...
Seller Representations and Warranties. Seller represents, warrants, and agrees that:
Seller Representations and Warranties. The Seller represents and warrants to the Buyer that:
Seller Representations and Warranties. Seller, and, if applicable, its successors, represents and warrants that throughout the Delivery Term of this Agreement that: (i) the Project qualifies and is certified by the CEC as an Eligible Renewable Energy Resource (“ERR”) as such term is defined in Public Utilities Code Section 399.12 or Section 399.16; and (ii) the Project’s output delivered to Buyer qualifies under the requirements of the California Renewables Portfolio Standard. To the extent a change in law occurs after execution of this Agreement that causes this representation and warranty to be materially false or misleading, it shall not be an Event of Default if Seller has used commercially reasonable efforts to comply with such change in law.
Seller Representations and Warranties. Seller represents and warrants that:
(A) Seller is the sole owner of record of the Property and has full right, power and authority to sell, convey and transfer the Property.
(B) Seller will convey to Buyer good and marketable title to the Property by providing to Buyer a valid general warranty deed.
(C) The Property and the present use of the Property are not in violation of any governmental rules, codes, permits, regulations or limitations, and represents that nothing will be done or allowed to be done on or about the Property between the signing of this Agreement and the date of the Closing which will result in any such violation. (Check all that apply) ☐ ☐ Seller is not a “foreign person” as defined in Section 1445(f) of the Internal Revenue Code of 1986, as amended. Any and all mortgage liens on the Property will have been released on the date of the Closing. ☐ ☐ Seller has neither knowledge nor notice of any pending public agency hearings or appeals affecting the Property and will promptly notify Buyer if Xxxxxx receives notice or learns of any such hearings between the signing of this Agreement and the date of the Closing. Seller is not a “debtor” in a proceeding presently in any bankruptcy court. ☐ Seller has no knowledge of the existence of any municipal lien and/or assessment. ☐ ☐ Seller will notify Buyer immediately of any matters that may impact the Property, including, but not limited to, attachments, liens and any notice zoning matters. Seller shall maintain the current insurance policy on the property until the Closing. ☐ ☐ Any material alterations, additions or improvements to the Property have been made pursuant to and in accordance with the necessary and required filings, permits, authorizations and/or consents. Other: