Representations and Warranties of Trustor Clause Samples

Representations and Warranties of Trustor. Trustor hereby ----------------------------------------- represents and warrants to Beneficiary as follows, and agrees to give written notice to Beneficiary of any breach of such representations and warranties.
View SourceView Similar (4)
Representations and Warranties of Trustor. Trustor represents and warrants that, except as previously disclosed to Beneficiary in a writing: A. Trustor lawfully possesses and holds the Land and Improvements; B. Trustor has or will have good title to all Property other than the Land and Improvements; C. Trustor has the full and unlimited power, right and authority to encumber the Property and assign the Rents; D. This Deed of Trust creates a first and prior lien on the Property; E. The Property includes all property and rights which may be reasonably necessary or desirable to promote the present and any reasonable future beneficial use and enjoyment of the Land and Improvements;
View Source
Representations and Warranties of Trustor. TRUSTOR hereby represents and warrants to BENEFICIARY and TRUSTEE that: (a) If TRUSTOR is a partnership, corporation, or limited liability company, it is duly organized, validly existing and in good standing under the laws of the state of its organization and is duly qualified to do business in the State of California; (b) TRUSTOR has the requisite power and authority to own and manage its properties, to carry on its business as now being conducted and to own, develop and operate the Property; (c) TRUSTOR is in compliance with all laws, regulations, ordinances and orders of public authorities applicable to TRUSTOR; (d) The execution, delivery and performance by TRUSTOR of the Loan Documents (i) are within the power of TRUSTOR; (ii) have been duly authorized by all requisite corporate, partnership, or limited liability company action, as appropriate; (iii) have received all necessary governmental approval; and (iv) will not violate any provision of law, any order of any court or agency of government, the charter documents of TRUSTOR, or any indenture, agreement or any other instrument to which TRUSTOR is a party or by which TRUSTOR or any of its property is bound, or be in conflict with, result in a breach of or constitute (with due notice and/or lapse of time) a default under any such indenture, agreement or other instrument, or result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon TRUSTOR'S property or assets, except as contemplated by the provisions of the Loan Documents; (e) Each of the Loan Documents, when executed and delivered to BENEFICIARY, will constitute a legal, valid and binding obligation enforceable in accordance with its terms; (f) All financial data that has been given to BENEFICIARY with respect to TRUSTOR: (i) is complete and correct in all material respects; (ii) accurately presents the financial condition of TRUSTOR on each date as of which, and the results of TRUSTOR'S operations for the periods for which, the same have been furnished; and (iii) have been prepared in accordance with generally accepted accounting principles consistently applied throughout the periods covered thereby; (g) There has been no adverse change in the financial condition or operations of TRUSTOR since the date of the most recent of each such financial statement given to BENEFICIARY other than changes in the ordinary course of business, none of which changes has been materially adverse individually or in the aggreg...
View Source
Representations and Warranties of Trustor. The Trustor hereby ----------------------------------------- represents and warrants as follows: (a) Trustor is a duly formed, validly existing Colorado corporation qualified to do business in the State of Arizona, and Trustor has been duly authorized to incur the indebtedness evidenced by the Note and grant this Deed of Trust and enter into other instruments executed and delivered to Beneficiary concurrently herewith or in connection with the Note. (b) This Deed of Trust, the Note and all other instruments executed and delivered to Beneficiary concurrently herewith are valid and legally binding obligations and undertakings of the Trustor and will not conflict with or cause a breach or default in any of the other obligations or undertakings of the Trustor. (c) The execution and delivery of this Deed of Trust, the Note and any other instruments executed and delivered to Beneficiary concurrently herewith, and the full and complete performance of the provisions hereof and thereof will not result in any breach of, or constitute a default under, or result in the creation of any lien, charge or encumbrance (other than those contained herein or in any instrument delivered to Beneficiary concurrently herewith) upon any property or assets of Trustor under any indenture, mortgage, deed of trust, bank loan, or credit agreement or other instrument to which Trustor is a party or by which Trustor is bound. (d) The indebtedness hereby secured is solely for the purpose of carrying on a business or commercial investment.
View Source
Representations and Warranties of Trustor. Trustor hereby represents and warrants, in respect of itself and the Mortgaged Property set forth in the Granting Clauses, as follows:
View Source
Representations and Warranties of Trustor. SECTION 3.1. Due Authorization and Execution 12 SECTION 3.2. Warranty of Title 12 SECTION 3.3. Condition of Mortgaged Property 13 SECTION 3.4. Leases 14 SECTION 3.5. Charges 14 SECTION 3.6. Benefit to the Trustor 14 SECTION 3.7. Insurance 14 SECTION 3.8. Environmental 14 SECTION 4.1. Payment 15
View Source
Representations and Warranties of Trustor 
View Source

Related to Representations and Warranties of Trustor

  • Representations and Warranties of Trustee The Trustee represents and warrants that: (i) the Trustee is duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or association; (ii) neither the execution nor the delivery by the Trustee of this Trust Agreement, nor the consummation by it of the transactions contemplated hereby nor compliance by it with any of the terms or provisions hereof will contravene any Federal or New York law, governmental rule or regulation governing the banking or trust powers of the Trustee or any judgment or order binding on it, or violate its charter documents or by-laws or constitute a default under (or an event which, without notice or lapse of time or both, would constitute a default) under, or result in the breach or acceleration of any material contract, indenture, mortgage, agreement or instrument to which it is a party or by which any of its properties may be bound; (iii) the Trustee has full power, authority and right to execute, deliver and perform its duties and obligations as set forth herein and in each Supplement to which it is a party and has taken all necessary action to authorize the execution, delivery and performance by it of this Trust Agreement; (iv) this Trust Agreement has been duly executed and delivered by the Trustee and constitutes, subject to due execution by the Depositor, the legal, valid and binding obligation of the Trustee, enforceable in accordance with its terms, except as enforcement may be limited by the applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law); (v) the Trustee is not in violation, and the execution and delivery of the Trust Agreement by the Trustee and its performance and compliance with the terms thereof will not constitute a violation, of any order or decree of any court or any order or regulation of any federal, state, municipal or governmental agency having jurisdiction over the Trustee or its properties, which violation would reasonably be expected to have a material adverse effect on the condition (financial or otherwise) or operations of the Trustee or its properties or on the performance of its duties hereunder; (vi) there are no actions or proceedings against, or investigations of, the Trustee pending, or, to the knowledge of the Trustee, threatened, before any court, administrative agency or other tribunal (A) that could reasonably be expected to prohibit its entering into the Trust Agreement, (B) seeking to prevent the issuance of the Certificates contemplated by the Trust Agreement or (C) that could reasonably affect the performance by the Trustee of its obligations under, or the validity or enforceability against the Trustee of, the Trust Agreement; and (vii) no consent, approval, authorization or order of any court, governmental agency or body is required for the execution, delivery and performance by the Trustee of, or compliance by the Trustee with, the Trust Agreement, or for the consummation of the transactions contemplated by the Trust Agreement, except for such consents, approvals, authorizations and orders, if any, that have been obtained prior to the Closing Date. The representations and warranties of the Trustee set forth in this Section 7.10 shall survive the receipt of Underlying Securities by the Trustee and shall survive the delivery of the Trust Agreement by the Trustee to the Depositor.

  • Representations and Warranties of the Trust The Trust hereby represents and warrants to the Custodian, which representations and warranties shall be deemed to be continuing throughout the term of this Agreement, that: (a) It is duly organized and existing under the laws of the jurisdiction of its organization, with full power to carry on its business as now conducted, to enter into this Agreement and to perform its obligations hereunder; (b) This Agreement has been duly authorized, executed and delivered by the Trust in accordance with all requisite action and constitutes a valid and legally binding obligation of the Trust, enforceable in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties; and (c) It is conducting its business in compliance in all material respects with all applicable laws and regulations, both state and federal, and has obtained all regulatory approvals necessary to carry on its business as now conducted; there is no statute, rule, regulation, order or judgment binding on it and no provision of its charter, bylaws or any contract binding it or affecting its property which would prohibit its execution or performance of this Agreement.

  • Representations and Warranties of MSDW TRUST MSDW TRUST represents and warrants to the Fund that: 3.1 It is a federally chartered savings bank whose principal office is in New Jersey. 3.2 It is and will remain registered with the U.S. Securities and Exchange Commission ("SEC") as a Transfer Agent pursuant to the requirements of Section 17A of the 1934 Act. 3.3 It is empowered under applicable laws and by its charter and By-Laws to enter into and perform this Agreement. 3.4 All requisite corporate proceedings have been taken to authorize it to enter into and perform this Agreement. 3.5 It has and will continue to have access to the necessary facilities, equipment and personnel to perform its duties and obligations under this Agreement.

  • Representations and Warranties of ▇▇▇▇ ▇▇▇▇ hereby represents and warrants to the Seller and the Servicer as of the Initial Closing Date and each Subsequent Closing Date:

  • Representations and Warranties of ▇▇▇▇▇ ▇▇▇▇▇ hereby represents and warrants to Amylin as of the Effective Date that: