Common use of Specific Representations Clause in Contracts

Specific Representations. The list of possible representations is rather extensive but the following includes the seven most common: 1. Seller has no knowledge of any violations of city, county, state, federal, building, land use, fire, health, safety, environmental, hazardous materials or other governmental or public agency codes, ordinances, regulations, or orders with respect to the Property, or any lands owned by Seller adjacent to the Property. 2. No litigation is pending, threatened or likely with respect to the Property, ▇▇▇▇▇▇'s interest therein, which would inhibit Buyer obtaining clear title to the Property. 3. There are no unrecorded leases, arrangements, agreements, understandings, options, contracts, or rights of first refusal affecting or relating to the Property in any way. 4. Except to the extent this Agreement provides otherwise, the Property will remain in the condition existing as of the execution of this Agreement until Closing. 5. The individual signing this Agreement on behalf of ▇▇▇▇▇▇ has the authority to bind Seller to the agreements set forth herein. 6. Seller has no knowledge that the Property contains sinkholes, caverns, faults, conduits, voids, mines, or other geological anomalies which could affect the development of the Property. 7. The Property is not contaminated with, nor threatened with contamination from outside sources by, any chemical, material or substance to which exposure is prohibited, limited or regulated by any federal, state, county, local or regional authority or which is known to pose a hazard to health and safety and to the best of Seller’s knowledge, the Property has never been used for a landfill, trash pit, dump site, underground improvements, unlawful storage of hazardous or regulated substances, or by a manufacturer of any product or for any other industrial use, nor to the best of Seller’s knowledge, is the Property in violation of any wetlands or other environmental limitation.