Completion Warranties definition
Examples of Completion Warranties in a sentence
In respect of any damages for a breach of any of the Warranties given at the date of this Agreement the due date shall be the date of this Agreement, in respect of the First Completion Warranties the due date shall be the First Completion Date and in respect of the Second Completion Warranties the due date shall be the Second Completion Date, but otherwise the due date shall be the date upon which the relevant amount is agreed or awarded or otherwise became due.
Tenant agrees that the Completion Warranties shall not be effective until such time as construction of the Demised Premises has been completed.
Upon completion of construction of the Demised Premises, the Completion Warranties shall automatically become effective except to the extent of any matters disclosed in the Schedules to this Lease.
The Sellers’ Completion Warranties (other than the Title Warranties) are given by the Sellers jointly and severally and the Title Warranties are given by each Seller on an individual basis, severally, in respect of itself (and, where appropriate, its Sale Shares) only.
Tenant further acknowledges that certain of the representations and warranties made by Landlord and ▇▇▇▇ ▇▇▇▇ herein assume by their nature that the construction of the Demised Premises has been completed (the "Completion Warranties") and/or that Landlord has operated the Demised Premises as an assisted living facility (the "Operational Warranties").