General Representations definition
Examples of General Representations in a sentence
General Representations and Warranties: Contractor represents and warrants that it, and its Subcontractors and designers of every tier are, and at all times will be, capable of performing every phase of the Work, and possesses or will timely obtain all necessary licenses and/or permits required to perform the Work, as necessary to complete the Work in accordance with the terms of the Contract.
Except as set forth in paragraph (b) below in, no event shall the Liability of Seller for Losses under clause (i) of this Section 10.01(a) arising out of breaches of the General Representations exceed, in the aggregate, fifty percent (50%) of the Purchase Price, (or, with respect to breaches of the Title Representation and the covenants contained in Sections 1.01(a)(i) and 1.05 exceed, in the aggregate, the Purchase Price).
In no event shall the Liability of Purchaser for Losses under this Article X arising out of breaches of the General Representations exceed, in the aggregate, fifty (50%) of the Purchase Price.
Except as set forth in paragraph (b) below, in no event shall the Liability of Seller for Losses under clause (i) of this Section 10.01(a) arising out of breaches of the General Representations exceed, in the aggregate, fifty percent (50%) of the Purchase Price (or, with respect to breaches of the Title Representation and the covenants contained in Sections 1.01(a)(i) and 1.05 exceed, in the aggregate, the Purchase Price).
Section 8.1. General Representations 22 Section 8.2. No Encumbrance on Security 24 Section 8.3. Repayment of Funding Loan 24 Section 8.4. Servicer 24 Section 8.5. Borrower Loan Agreement Performance.