Representations of the Lessor Clause Examples
The 'Representations of the Lessor' clause sets out the statements and assurances made by the lessor regarding their authority, ownership, and ability to lease the property or asset. Typically, this clause confirms that the lessor has the legal right to enter into the lease, that the property is free from undisclosed encumbrances, and that all necessary consents or approvals have been obtained. By including these representations, the clause provides the lessee with confidence in the lessor’s legal standing and helps prevent disputes arising from undisclosed issues or lack of authority.
Representations of the Lessor. Effective as of the date of execution hereof, as of each Closing Date and as of each Funding Date, in each case, with respect to each of the Leased Properties, the Lessor represents and warrants to the Agent, the Lenders and the Lessee as follows:
Representations of the Lessor. The Lessor represents and warrants to each of the other parties hereto as follows:
Representations of the Lessor. The Lessor represents and warrants to the Lessee that:
Representations of the Lessor. 6 6.2. Representations of Lessee............................................... 7 6.3. Representations of the Lessee with Respect to the Advance............... 9
Representations of the Lessor. The Lessor warrants and represents to the other parties hereto that:
(a) The Lessor is a corporation duly organized, validly existing and in good standing under the laws of the State of Ohio and has all requisite corporate power and authority to execute, deliver, and perform its obligations under the Operative Documents to which it is a party.
(b) The Operative Documents to which it is, or will be, a party have been duly authorized by all requisite corporate action, have been duly executed and delivered by the Lessor, and constitute, and each other Operative Document to which the Lessor is a party when executed and delivered by the Lessor will constitute, the valid and binding obligations of the Lessor enforceable against the Lessor in accordance with the respective terms thereof, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
(c) Neither the execution and delivery of the Operative Documents, the consummation of the transactions contemplated thereby nor the fulfillment of or compliance with the provisions thereof will require consent, approval, authorization, filing, registration or qualification under or conflict with or violate any Applicable Law applicable to the Lessor or any of its property, except as contemplated by the Operative Documents. The execution, delivery and performance of its obligations under the Operative Documents to which it is a party do not violate any provisions of the Lessor’s articles of incorporation or regulations.
(d) There are no Lessor Liens attributable to the Lessor on the Collateral, the Property or any part thereof. Tandem Health Care of Ohio, Inc. Participation Agreement
(e) The Lessor is not and will not be funding its Lessor Amounts hereunder with the assets of an “employee benefit plan” (as defined in Section 3(3) of ERISA) which is subject to Title I of ERISA, or “plan” (as defined in Section 4975(c)(1) of the Code).
(f) The Lessor is participating in the Transactions for its own account and not with a view toward redistribution; provided that disposition of its rights hereunder shall remain in its control and the foregoing shall not affect the ability of the Lessor to assign, transfer or sell participations in its rights in accordance with th...
Representations of the Lessor. Effective as of the date hereof, the Lessor represents and warrants to the Agent, the Lenders, and the Lessee as follows:
Representations of the Lessor. The Lessor represents and warrants ----------------------------- to the Lessee that:
Representations of the Lessor. Effective as of the date of execution hereof and as of the Closing Date, the Lessor represents and warrants to the Agent, the Lender and the Lessee as follows:
Representations of the Lessor. Effective as of the date of execution hereof, as of each Closing Date and as of each Funding Date, in each case, with respect to each of the Leased Properties, the Lessor represents and warrants to the Administrative Agent, the Lenders, the Company and the Lessees as follows:
Representations of the Lessor. The Lessor represents and warrants to the Lessee that:
(a) The Lessor is not and will not be funding its Advances hereunder, and is not performing its obligations under the Operative Documents, with the assets of an "employee benefit plan" (as defined in Section 3(3) of ERISA) which is subject to ERISA, or a "plan" (as defined in Section 4975(e)(1) of the Code).