Common use of Grantor's Warranties Clause in Contracts

Grantor's Warranties. 8.1 The Grantor warrants to the Grantee that it is and will remain until the exercise of either the First Call Option or the First Put Option (as the case may be) or the expiry of the First Option Period (whichever is the later), the beneficial owner of the First Option Shares, subject only to such Options, that it is and will remain until the exercise of either the Second Call Option or the Second Put Option (as the case may be) or the expiration of the Second Option Period (whichever is the later), the beneficial owner of the Second Option Shares, subject only to such Options, and that it has and will have full power and authority to grant Options in respect of the same upon the terms and conditions of this Agreement. 8.2 The Grantee warrants to the Grantor that it has and will have full power and authority to execute and comply with the terms and conditions of this Agreement.

Grantor's Warranties. 8.1 The Grantor warrants to the Grantee that it is and will remain until the exercise of either the First Call Option or the First Put Option (as the case may be) or the expiry of the First Option Period (whichever is the later), the beneficial owner of the First Option Shares, subject only to such Options, that it is and will remain until the exercise of either the Second Call Option or the Second Put Option (as the case may be) or the expiration of the Second Option Period (whichever is the later), the beneficial owner of the Second Option 18 Shares, subject only to such Options, and that it has and will have full power and authority to grant Options in respect of the same upon the terms and conditions of this Agreement. 8.2 The Grantee warrants to the Grantor that it has and will have full power and authority to execute and comply with the terms and conditions of this Agreement.