Waiver and Further Assurances Sample Clauses
The "Waiver and Further Assurances" clause serves two main purposes: it outlines the conditions under which a party may choose to waive certain rights under the agreement, and it obligates the parties to take additional actions necessary to fulfill the contract's intent. In practice, this means that if one party decides not to enforce a specific right or provision at a given time, it does not mean they permanently give up that right in the future. Additionally, both parties agree to cooperate and provide any further documents or actions needed to carry out the agreement fully. This clause ensures flexibility in enforcement while also promoting cooperation to address unforeseen requirements, ultimately supporting the smooth execution and enforcement of the contract.
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Waiver and Further Assurances. The Purchaser hereby acknowledges that it is a sophisticated purchaser of real properties and that it is aware of all disclosures the Seller is or may be required to provide to the Purchaser in connection with the transactions contemplated hereby pursuant to any law, rule or regulation (including those of Massachusetts and those of the state in which the Property is located). The Purchaser hereby acknowledges that, prior to the execution of this Agreement, the Purchaser has had access to all information necessary to acquire the Property and the Purchaser acknowledges that the Seller has fully and completely fulfilled any and all disclosure obligations with respect thereto. The Purchaser hereby fully and completely discharges the Seller from any further disclosure obligations whatsoever relating to the Property. In addition to the actions recited herein and contemplated to be performed, executed, and/or delivered by the Seller and the Purchaser, the Seller and the Purchaser agree to perform, execute and/or deliver or cause to be performed, executed and/or delivered at the Closing or after the Closing any and all such further acts, instruments, deeds and assurances as may be reasonably required to establish, confirm or otherwise evidence the Seller’s satisfaction of any disclosure obligations or to otherwise consummate the transactions contemplated hereby.