Representations by the Lessee Clause Samples
The 'Representations by the Lessee' clause requires the lessee to formally declare certain facts or assurances about themselves or the leased property as part of the lease agreement. Typically, this includes confirming the lessee's legal authority to enter into the lease, their financial stability, and that there are no undisclosed legal issues affecting their ability to fulfill the lease terms. By obtaining these representations, the lessor gains assurance about the lessee's reliability and the validity of the agreement, thereby reducing the risk of future disputes or breaches.
Representations by the Lessee. The Lessee makes the following representations and warranties as the basis for the undertakings on its part herein contained:
Representations by the Lessee. The Lessee hereby represents and warrants to the Lessor that on the date hereof:
1. The representations and warranties of the Lessee set forth in the Lease are true and correct in all material respects as though made on and as of the date hereof.
2. The Lessee has satisfied or complied with all requirements set forth in the Lease to be satisfied or complied with on or prior to the date thereof.
Representations by the Lessee. The Lessee hereby represents and warrants to the Lessor that on the date hereof:
1. The representations and warranties of the Lessee set forth in the Lease are true and correct in all material respects as though made on and as of the date hereof.
2. The Lessee has satisfied or complied with all requirements set forth in the Lease to be satisfied or complied with on or prior to the date thereof, including without limitation affixing nameplates as required by Lease Section 5.13.
3. No default or Event of Default under the Lease has occurred and is continuing on the date hereof.
4. The Lessee has obtained, and there are in full force and effect, such insurance policies with respect to the Aircraft as are required to be obtained under the terms of the Lease.
5. The balance sheet and statement of income of the Lessee or any consolidated group of companies of which the Lessee is a member, heretofore delivered to the Lessor, have been prepared in accordance with generally accepted accounting principles, and fairly represent the financial position of the Lessee or any consolidated group of companies of which the Lessee is a member, on and as of the date thereof and the results of its or their operations for the period or periods covered thereby. Since the date of such balance sheet, there has been no material adverse change in the financial or operating condition of the Lessee, or any consolidated group of companies of which Lessee is a member. This Lease Supplement and Receipt may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.
Representations by the Lessee. The Lessee makes the following representations as the basis for the undertakings on its part herein contained:
(a) The Lessee a third-class city duly organized and existing under the laws of the State.
(b) The Lessee has lawful power and authority to enter into this Lease, the Indenture and the Base Lease and to carry out its obligations under this Lease, the Indenture and the Base Lease and by proper action of its City Council has been duly authorized to execute and deliver this Lease, the Indenture and the Base Lease, acting by and through its duly authorized officers.
(c) The execution and delivery of this Lease, the Indenture and the Base Lease, the consummation of the transactions contemplated thereby, and the performance of or compliance with the terms and conditions of this Lease, the Indenture and the Base Lease by the Lessee will not conflict with or result in a breach of any of the terms, conditions or provisions of, or constitute a default under, any mortgage, deed of trust, lease or any other restriction or any agreement or instrument to which the Lessee is a party or by which it or any of its property is bound, or any order, rule or regulation applicable to the Lessee or any of its property of any court or governmental body, or result in the creation or imposition of any prohibited lien, charge or encumbrance of any nature whatsoever upon any of the property or assets of the Lessee under the terms of any instrument or agreement to which the Lessee is a party.
(d) The acquisition, construction, improving, furnishing and equipping of the Project and the leasing of the Project Site by the Lessor to the Lessee will advance the purposes of the Act, and the Project upon completion thereof will constitute essential governmental property to the Lessee.
(e) The Project Site and all other property of the Lessee will comply in all material respects with all presently applicable building and zoning, health, environmental and safety ordinances and laws and all other applicable laws, rules and regulations.
(f) This Lease, the Indenture and the Base Lease constitute legal, valid and binding obligations of the Lessee enforceable in accordance with their terms, except to the extent limited by bankruptcy, insolvency, reorganization or other laws affecting creditors’ rights generally.
(g) To the knowledge of the Lessee, there is no litigation or proceeding pending or threatened against the Lessee or any other person affecting the right of the Lessee to execute t...
Representations by the Lessee. The Lessee makes the following representations as the basis for the undertakings on its part herein contained:
(a) The Lessee, a limited liability company duly incorporated, existing and in good standing under the laws of the State of New Jersey, and qualified to do business under the laws of the State of Georgia, has the power to enter into this Lease and to perform its obligations contained herein, and has been duly authorized to execute and deliver this Lease.
(b) The Lessee is not subject to any provision under its Certificate of Formation, as amended or its Operating Agreement, as amended, or any contractual limitation or provision of any nature whatsoever which in any way limits, restricts or prevents the Lessee from entering into this Lease or performing any of its obligations hereunder.
(c) All of the Project will be located in the County.
Representations by the Lessee. The Lessee hereby represents and warrants to the Lessor that on the date hereof:
1. The representations and warranties of the Lessee set forth in the Lease are true and correct in all material respects as though made on and as of the date hereof.
2. The Lessee has satisfied or complied with all requirements set forth in the Lease to be satisfied or complied with on or prior to the date thereof.
3. No default or Event of Default under the Lease has occurred and is continuing on the date hereof.
4. The Lessee has obtained, and there are in full force and effect, such insurance policies with respect to the Aircraft as are required to be obtained under the terms of the Lease. This Lease Supplement and Receipt may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.
Representations by the Lessee. The Lessee hereby represents warrants to the Lessor that on the date hereof:
1. The representations and warranties of the Lessee set forth in the Lease are true and correct in all material respects as though made on and as of the date hereof.
2. The Lessee has satisfied or complied with all requirements set forth in the Lease to be satisfied or complied with on or prior to the date thereof.
3. No default or Event of Default under the Lease has occurred and is continuing on the date hereof.
4. The Lessee has obtained, and there are in full force and effect, such insurance policies with respect to the Aircraft as are required to be obtained under the 66 terms of the Lease.
Representations by the Lessee. The Lessee hereby represents and warrants to the Lessor and any Assignees that on the Date of Acceptance set forth above:
(a) the representations and warranties of the Lessee set forth in the Lease are true and correct in all material respects as though made on and as of such Date of Acceptance; (b) the Lessee has satisfied or complied with all requirements set forth in the Lease to be satisfied or complied with on or prior to such Date of Acceptance; (c) no Default or Event of Default under this Lease has occurred and is continuing on such Date of Acceptance; and (d) the Asset(s) are insured in accordance with the provisions of the Master Lease Agreement. LESSEE: BY: NAME: TITLE: Dell Customer Communication - Confidential Total Financed Amount $2,415,315.00 02/01/2024 1 $ 501,588.47 $ 501,588.47 $ - $ 2,006,353.86 02/01/2025 2 $ 501,588.47 $ 379,966.55 $ 121,621.91 $ 1,504,765.40 02/01/2026 3 $ 501,588.47 $ 407,282.65 $ 94,305.82 $ 1,003,176.93 02/01/2027 4 $ 501,588.47 $ 436,562.53 $ 65,025.94 $ 501,588.47 02/01/2028 5 $ 501,588.47 $ 467,947.36 $ 33,641.11 $ - #Internal Use - Confidential FORT BEND COUNTY, TEXAS PURCHASE ORDER BUYER: VENDOR: ▇▇▇▇▇ ▇▇▇▇▇▇▇ 13795 SHIP TO: P.O. NUMBER: PAGE #: P.O. DATE: DELIVERY BY: INFORMATION TECHNOLOGY 234130 Page 1 of 1 12/21/2023 12/21/2023 DELL FINANCIAL SERVICES ACH PYMTS- CNTCT DIR-TS0-4299 BILL TO: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ COUNTY AUDITOR 301 ▇▇▇▇▇▇▇ RICHMOND, TX 77469 77469 Deliveries must be made to the address and suite number listed above The contents of this section are required by Texas Law and are included by County regardless of content.
Representations by the Lessee. The Lessee hereby represents and warrants to lessor that (i) no Event of Default or event which, with the giving of notice or the lapse of time or both, would become such an Event of Default under the Lease has occurred and is continuing, and (ii) the Lessee has obtained and there are in full force and effect, all insurance policies with respect to the Equipment and public liability required to be obtained under the Lease.
Representations by the Lessee. (a) The Lessee is a corporation organized under the laws of the state of Delaware. The Lessee is not in violation of any provision of its Organizational Documents. The Lessee is duly authorized to do business in the State and has lawful power and authority to enter into each of the Lessee Documents, acting by and through its officers.
(b) The Lessee has the requisite authority to own or lease and operate its properties and to carry on its business and has obtained all material permits, licenses, consents and approvals as are necessary or required therefor.
(c) The Lessee has the power and authority to enter into, execute and deliver the Lessee Documents, and to perform its obligations under and consummate the transactions contemplated by the Lessee Documents, and has by proper corporate action, duly authorized the execution and delivery of the Lessee Documents and the performance of the Lessee's duties and obligations thereunder.
(d) The Lessee Documents are valid and binding agreements of the Lessee, enforceable in accordance with their respective terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or other laws or equitable principles of general application affecting remedies or creditors' rights or by general equitable principles which may limit the right to obtain equitable remedies.
(e) The execution and delivery of the Lessee Documents, the consummation of the transactions contemplated hereby and thereby and the fulfillment of or compliance with the terms and conditions hereof and thereof will not (with the passage of time or the giving of notice, or both) conflict with or result in or constitute a breach of or default under any indenture, mortgage, deed of trust, lease or other agreement or instrument to which the Lessee is a party or by which it or any of its property is bound, or violate any provision of the Organizational Documents of the Lessee, or of any constitutional or statutory provision, or of any order, rule or regulation of any court or governmental authority applicable to the Lessee or its property.
(f) There is not now pending or, to the knowledge of the Lessee, threatened, any suit, action or proceeding against or affecting the Lessee by or before any court, arbitrator, administrative agency or other governmental authority which, if decided adversely to the Lessee, would materially affect the validity of any of the transactions contemplated by the Lessee Documents and th...