Common use of Representations and Warranties by Licensor Clause in Contracts

Representations and Warranties by Licensor. LICENSOR represents and warrants that: (a) It is a corporation duly formed and validly existing under the laws of the State of Delaware and is duly authorized to conduct business in the State of Nevada. (b) It controls and operates each Store listed in Exhibits A & B hereto. (c) To the best of its actual knowledge, no action, authorization or consent of any other person or entity is required in connection with the execution, delivery and performance by LICENSOR of this Agreement and the consummation of the transactions described herein. (d) It expressly disclaims any representation or warranty that it is under any obligation to continuously operate any Store, or any portion thereof. (e) If LICENSOR agrees to sell or otherwise convey any or all of its Stores or its leasehold rights with regard to such properties during the term hereof, LICENSOR represents and warrants that it will cause its successor or assign(s) to agree to accept all obligations imposed on LICENSOR by this Agreement on the same terms and conditions as set forth herein. LICENSOR agrees that it will require its successor(s) or assign(s) to provide its acceptance of this Agreement in writing acceptable to OPERATOR.

Representations and Warranties by Licensor. LICENSOR represents and warrants that: (a) It is a corporation limited liability company duly formed and validly existing under the laws of the State of Delaware and Nevada and/or is duly authorized to conduct business in the State of Nevada. (b) It controls and operates each Store listed in Exhibits Exhibit A & B hereto. (c) To the best of its actual knowledge, no action, authorization or consent of any other person or entity is required in connection with the execution, delivery and performance by LICENSOR of this Agreement and the consummation of the transactions described herein. (d) It expressly disclaims any representation or warranty that it is under any obligation to continuously operate any Store, or any portion thereof. (e) If Should LICENSOR agrees agree to sell or otherwise convey any or all of its Stores or its leasehold rights with regard to such properties during the term hereof, LICENSOR represents and warrants that it will cause its successor or assign(s) assignee to agree to accept all obligations imposed on LICENSOR by this Agreement on the same terms and as conditions as set forth herein. LICENSOR agrees that it will require its successor(s) or assign(s) to provide its acceptance of this Agreement in writing acceptable to OPERATOR.

Representations and Warranties by Licensor. LICENSOR represents and warrants that: (a) It is a corporation duly formed and validly existing under the laws of the State of Delaware California, and is duly authorized to conduct business in the State of Nevada. (b) It controls and operates each Store listed in Exhibits Exhibit A & B hereto. (c) To the best of its actual knowledge, no action, authorization or consent of any other person or entity is required in connection with the execution, delivery and performance by LICENSOR LICENSOR,, of this Agreement and the consummation of the transactions described herein. (d) It LICENSOR expressly disclaims disclaim any representation or warranty that it is under any obligation to continuously operate any Store, or any portion thereof. (e) If Should LICENSOR agrees agree to sell or otherwise convey any or all of its Stores or its leasehold rights with regard to such properties during the term hereof, LICENSOR represents and warrants that it will cause its successor or assign(s) assignee to agree to accept all obligations imposed on LICENSOR by this Agreement on the same terms and as conditions as set forth herein. LICENSOR agrees that it will require its successor(s) or assign(s) to provide its acceptance of this Agreement in writing acceptable to OPERATOR.