Representations and Warranties of World Omni Sample Clauses

The "Representations and Warranties of World Omni" clause sets out the specific statements of fact and assurances that World Omni makes to the other party in the agreement. These may include confirmations about World Omni's legal authority to enter into the contract, the accuracy of its financial statements, or the absence of undisclosed liabilities. By clearly outlining these representations and warranties, the clause provides a basis for the other party to rely on the truthfulness of World Omni's disclosures, thereby allocating risk and establishing grounds for remedies if any statements prove to be false.
Representations and Warranties of World Omni. (a) World Omni hereby represents and warrants to WOAR as of the Purchase Date:
View SourceView Similar (114)
Representations and Warranties of World Omni. World Omni hereby represents and warrants to WODFI as of the date of this Reassignment and as of the Removal Date:
View SourceView Similar (5)
Representations and Warranties of World Omni. World Omni which sold the related Receivable hereby represents and warrants to the other parties hereto and to the Noteholders, with respect to such Receivable as of the Closing Date:
View Source
Representations and Warranties of World Omni. 17 Section 12.02 [Reserved]...................................................................................20 Section 12.03 [Reserved]...................................................................................20 Section 12.04
View Source
Representations and Warranties of World Omni 
View Source

Related to Representations and Warranties of World Omni

  • Representations and Warranties of the Vendor The Vendor hereby represents and warrants to the Purchaser(s) as follows: (i) The Vendor has absolute, clear and marketable title with respect to the said Land and the requisite rights to carry out development upon the said Land and absolute, actual, physical and legal possession of the said Land for the Project; (ii) The Vendor has lawful rights and requisite approvals from the competent authorities to carry out development of the Project; (iii) There are no encumbrances upon the said Land or the Project; (iv) There are no litigations pending before any Court of law or Authority with respect to the said Land, Project or the [Flat/]; (v) All approvals, licenses and permits issued by the competent authorities with respect to the Project and the said Land and [Flat] are valid and subsisting and have been obtained by following due process of law. Further, the Vendor has been and shall, at all times, remain to be in compliance with all applicable laws in relation to the Project, said Land, Building and [Flat/] and common areas; (vi) The Vendor has the right to enter into this Agreement and has not committed or omitted to perform any act or thing, whereby the right, title and interest of the Purchaser(s) created herein, may prejudicially be affected; (vii) The Vendor has not entered into any agreement for sale and/or development agreement or any other agreement / arrangement with any person or party with respect to the said Land, including the Project and the said [Flat/] which will, in any manner, affect the rights of Purchaser(s) under this Agreement; (viii) The Vendor confirms that the Vendor is not restricted in any manner whatsoever from selling the said [Flat/] to the Purchaser(s) in the manner contemplated in this Agreement; (ix) At the time of execution of the conveyance deed the Vendor shall handover lawful, vacant, peaceful, physical possession of the[Flat/] to the Purchaser(s) and the common areas to the association of Purchasers or the competent authority, as the case may be; (x) The Schedule Property is not the subject matters of any HUF and that no part thereof is owned by any minor and /or no minor has any right, title and claim over the Schedule Property; (xi) The Vendor has duly paid and shall continue to pay and discharge all governmental dues, rates, charges and taxes and other monies, levies, impositions, premiums, damages and/or penalties and other outgoings, whatsoever, payable with respect to the said Project to the competent authorities till the completion certificate has been issued and possession of the Flat along with common areas (equipped with all the specifications, amenities and facilities) has been handed over to the Purchaser and the Association of Purchasers or the competent authority, as the case may be; (xii) No notice from the Government or any other local body or authority or any legislative enactment, government order, notification (including any notice for acquisition or requisition of the said property) has been received by or served upon the Vendor in respect of the said Land and/or the Project.