Common use of No Material Defects Clause in Contracts

No Material Defects. To THCI's knowledge, and except as set forth on Section 3.19 of the THCI Disclosure Schedule, there are no defects in the roof, foundation, structural, mechanical or HVAC systems and masonry walls in any of the Properties that would have a Material Adverse Effect.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Westfield America Inc), Asset Purchase Agreement (Rouse Company)