Common use of Additional Warranties and Representations Clause in Contracts

Additional Warranties and Representations. Each Party, solely with respect to such Party and not with respect to any other Party, warrants and represents to the other Party that: 7.2.1 Such Party and such Party’s investment advisors, if any, have carefully reviewed and understand the risks of, and other considerations relating to, the purchase of an interest in HSRE-ESP. 7.2.2 Such Party is acquiring such Party’s interest in HSRE-ESP for investment purposes only for its own account, and not with a view to the resale, assignment, pledge, mortgage, hypothecation, transfer or distribution of all or any part thereof. No other person will have any direct or indirect beneficial interest in or right to such Party’s interest in HSRE-ESP. 7.2.3 Such Party: (1) is authorized and otherwise duly qualified to purchase and hold interests in HSRE-ESP; and