Common use of Structural Defects Clause in Contracts

Structural Defects. To the best of Seller’s knowledge, there are no material defects in the structural elements of the Improvements and all Improvements (including, without limitation, machinery, equipment, electrical, plumbing, heating and air conditioning systems and equipment) located on the Property are in good mechanical working order, condition and repair, and are structurally safe and sound and have no material defect (reasonable wear and tear excepted), and there is no leak or material defect in any roof located upon the Property.

Appears in 2 contracts

Sources: Contribution and Sale Agreement, Contribution and Sale Agreement (Global Medical REIT Inc.)