Common use of Representations, Warranties and Covenants of Grantor Clause in Contracts

Representations, Warranties and Covenants of Grantor. As a material inducement to Optionee to enter into this Option Agreement and to consummate the transactions contemplated hereby, the Grantor hereby makes to Optionee each of the representations, warranties and covenants set forth in this Article III, which representations and warranties are true as of the date hereof and as of the date of the Final Closing. As a condition to Optionee’s obligation to complete the purchase of the Property after the exercise of the Purchase Option, (i) such representations and warranties must continue to be true as of the date of the Initial Closing and as of the date of the Final Closing and (ii) Grantor shall have complied with all of the covenants contained herein.

Representations, Warranties and Covenants of Grantor. As a material inducement to Optionee to enter into this Option Agreement and to consummate the transactions contemplated hereby, the Grantor hereby makes to Optionee each of the representations, representations and warranties and covenants set forth in this Article III, which . The representations and warranties set forth in this Article III are true as of the date hereof and as of the date of the Final Closinghereof. As a condition to Optionee’s 's obligation to complete the purchase of the Property Grantor's Asset Management Rights after the exercise of the Grantor's Purchase Option, (i) such representations and warranties must continue to be true as of the date of the Initial Closing and as of the date of the Final Closing and (ii) Grantor shall have complied with all of the covenants contained hereinClosing.