REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH Clause Samples
The "Representations and Warranties; Remedies for Breach" clause defines the specific statements of fact and assurances each party makes to the other regarding the subject matter of the agreement, as well as the consequences if these statements prove untrue. In practice, this clause outlines what each party is promising—such as ownership of assets, authority to enter the contract, or compliance with laws—and details the remedies available, like damages or contract termination, if a representation or warranty is breached. Its core function is to allocate risk between the parties and provide clear recourse in the event that critical information turns out to be false or misleading.
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Section 3.01.
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. 7 Section 3.1 Seller Representations and Warranties.............................7
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Section 3.01 Seller Representations and Warranties Relating to the Mortgage Loans................................................ Section 3.02
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Seller Representations and Warranties Relating to the Mortgage Loans..........................................................................................5 Section 3.02 Seller Representations and Warranties......................................................................14
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Section 3.01 Seller Representations and Warranties Relating to the Mortgage Loans............................7 Section 3.02 Seller Representations and Warranties Relating to the Seller...................................15 Section 3.03 Remedies for Breach of Representations and Warranties..........................................17 SELLER'S COVENANTS Section 4.01 Covenants of the Seller........................................................................19 ARTICLE V
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Section 3.01 Seller Representations and Warranties Relating to the Mortgage Loans.
Section 3.02 Seller Representations and Warranties Relating to the Seller Section 3.03 Remedies for Breach of Representations and Warranties
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Section 3.01 Representations and Warranties Relating to the Mortgage Loans.
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Section 3.01 Originator Representations and Warranties Relating to the Mortgage Loans ...............................................................................................6 Section 3.02 Originator Representations and Warranties Relating to the Originator...................6 Section 3.03 Seller Representations and Warranties Relating to the Seller...........................7 Section 3.04 Remedies for Breach of Representations and Warranties..................................9
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Representations and Warranties of the Servicer Section 2.2 Remedies for Breaches of Representations or Warranties.
REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH. Section 3.01 Representations and Warranties Respecting Countrywide. 15 Section 3.02 Representations and Warranties Regarding Individual Mortgage Loans. 17 Section 3.03 Remedies for Breach of Representations and Warranties. 24 Section 3.04 Accrual of Cause of Action. 25 Section 3.05 Representations and Warranties Respecting the Purchaser. 26