Common use of Latent Defects Clause in Contracts

Latent Defects. Seller has no actual knowledge of any latent defects on, in, under or above the Land, the Lots or the Improvements (to the extent completed as of the date of this Agreement). Buyer acknowledges that Seller has disclosed that there are issues to be resolved by Seller in connection with the drainage system installed on the Tooby property, which is adjacent to the eastern edge of the Land. For purposes of this representation, the actual knowledge of Seller shall mean the actual knowledge of only ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ and no other person.

Appears in 2 contracts

Sources: Purchase Agreement (Homefed Corp), Option to Purchase Real Property (Homefed Corp)

Latent Defects. Seller has no actual knowledge of any latent defects on, in, under or above the Land, the Lots or the Improvements (to the extent completed as of the date of this Agreement). Buyer acknowledges that Seller has disclosed that there are issues to be resolved by Seller in connection with the drainage system installed on the Tooby property, which is adjacent to the eastern edge of the Land. For purposes of this representation, the actual knowledge of Seller shall mean the actual knowledge of only ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ and no other person.

Appears in 2 contracts

Sources: Purchase Agreement (Homefed Corp), Purchase Agreement (Homefed Corp)

Latent Defects. Seller has no actual knowledge of any latent defects on, in, under or above the Land, the Lots or the Improvements (to the extent completed as of the date of this Agreement). Buyer acknowledges that Seller has disclosed that there are issues to be resolved by Seller in connection with the drainage system installed on the Tooby property, which is adjacent to the eastern edge of the Land. For purposes of this representation, the actual knowledge of Seller shall mean the actual knowledge of only ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ and no other person.

Appears in 1 contract

Sources: Option to Purchase Agreement (Homefed Corp)