Common use of FIRB Approval Clause in Contracts

FIRB Approval. The Buyer acknowledges and agrees that, if the warranty in clause 10.2 is false or untrue in any respect whatsoever, the Buyer indemnifies the Seller against any loss that the Seller may suffer as a direct or indirect result of the Seller having relied on this warranty when entering into this contract including any consequential loss that the Seller may sustain.

Appears in 2 contracts

Sources: Contract for Houses and Residential Land, Contract for Houses and Residential Land