Owner Warranties. Owner warrants that Owner is the record title owner of the Property and is legally entitled to authorize Broker to lease the Property. Owner warrants that if there is a mortgage or mortgages on the Property, Owner is current with regard to payments owing under such mortgage or mortgages.
Owner Warranties. State represents and warrants that:
Owner Warranties. Owner represents and warrants to Bolsa as follows: that Owner is the sole owner of and has the exclusive possession of the Property free and clear of all claims, liens, encumbrances, royalties, options, agreements or rights of third-parties whatsoever, except as specifically set forth in Exhibit A hereto; that all necessary taxes and assessments have been timely made in accordance with all applicable local, state and federal laws; that Owner is in actual possession of the Property and knows of no claim to or possession of the Property adverse to Owner; and that Owner has the full right, power and capacity to enter into this Agreement on the terms and conditions herein contained. Owner covenants that the status of the Property, as represented above, shall not be affected adversely because of any act or omission on the part of Owner during the term of this Agreement. Owner hereby further represents and warrants to Bolsa, its successors and assigns: that the consummation of this Agreement will not result in or constitute a default or an event that, with notice or lapse of time or both, would be a default, breach or violation of any contract, commitment or arrangement to which Owner is a party or by which Owner is bound; that Owner shall not create, permit or suffer any liens or encumbrances, reservations, restrictions or easements on the Property; that to the best of Owner’s knowledge, there are no environmental or physical conditions on the Property which are, or would be, a violation of any applicable federal, state or local law, regulation or ordinance and that Owner has not received any notice of any investigation of any such condition or violation; that Owner has good right and lawful authority to convey the Property; and that Owner shall defend the title to the Property against the lawful claims of all persons whomsoever.
Owner Warranties. Owner represents and warrants that:
Owner Warranties. OWNER, hereby warrants and represents to LICENSEE that, to its knowledge, the PROPERTY does not infringe any intellectual property of any third party in United States.
Owner Warranties. Each Owner severally warrants that it will deliver in respect of all containers sold by it to the Purchaser under this agreement good and marketable title free from any Encumbrance.
Owner Warranties. The Owner warrants that:
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Owner Warranties. Except in the case of a vehicle Loan (as described in Section 2), Owner represents and warrants that Owner possesses good, clear and valid title to and current registration for the vehicle described above in the Key Information Table (the “Vehicle”). Owner warrants that the Vehicle is owned solely and exclusively by Owner, and that other than liens in place in connection with a Loan and previously disclosed to Shift, there are no liens, encumbrances, or judgments on the Vehicle of any kind or nature, including outstanding claims related to state, local or federal taxes and amounts owed in connection with any traffic or motor vehicle violations. Owner further represents and warrants that the description of the Vehicle set forth in the Key Information Table above is true and correct, and the Vehicle is free of any undisclosed defects known to Owner. Owner warrants that the Vehicle has a clean title and history, and that Owner has disclosed to Shift any accidents or repairs known to Owner involving the Vehicle, whether reported or unreported on any applicable Vehicle history report. Owner warrants that Vehicle is free of structural or frame damage, material mechanical deficiencies, rust, salvage or branded title, odometer rollbacks or misreadings, and aftermarket modifications, has never experienced engine failure, and has never been reported stolen, involved in any accident in which the Vehicle’s airbags were deployed and is not currently subject to any open safety recalls, as reported by the National Highway Transportation Safety Administration. Shift shall have the right to perform due diligence to verify that all representations made by Owner are true, complete and correct. Shift may void this Agreement at any time should Shift determine that any representation made by Owner, including with respect to the information set forth in the Key Information Table, is not true, complete or correct. Owner agrees to sign and deliver to Shift any documentation pertaining to the ownership, history or condition of the Vehicle necessary to complete a sale or transfer of the Vehicle to a purchasing person or entity (a “Buyer”), in a form and at a time satisfactory to Shift, as Shift may reasonably request. In the event all necessary proof of insurance, ownership records and title documents are not received within 15 days of the date on which the Vehicle is picked up from the Owner or delivered by Owner to Shift (the “Pickup Date”) or otherwise as reasonably requested by ...
Owner Warranties. 5.1 The Yacht is furnished in proper operating order with all equipment required for legal operation thereof and with registration posted on board;
