Common use of Representations and Warranties by Tenant Clause in Contracts

Representations and Warranties by Tenant. Tenant warrants to Landlord that: (a) the financial statements of Tenant furnished to Landlord are true and correct to the best of Tenant’s knowledge, (b) there has been no significant adverse change in Tenant’s financial condition since the date of the financial statements, (c) the financial statements fairly represent the financial condition of Tenant upon those dates and at the time this Lease is executed, (d) there are no delinquent taxes due and unpaid by Tenant, and (e) Tenant has never voluntarily or involuntarily been named as a debtor in any bankruptcy or involuntary proceedings. Tenant warrants that Tenant has disclosed in writing to Landlord all lawsuits pending or threatened against Tenant, and Tenant has made no material misrepresentation or material omission of facts regarding Tenant’s financial condition or business operations. Tenant acknowledges that Landlord has relied on the information and representations furnished by Tenant to Landlord and that Landlord would not enter into this Lease otherwise.