Common use of Suitability of Premises Clause in Contracts

Suitability of Premises. Tenant acknowledges that it has satisfied itself by its own independent investigation that the Premises are suitable for its intended use, and neither Landlord nor any agent of Landlord has made any representation or warranty as to the present or future suitability of the Premises, common areas, or Building for the conduct of Tenant’s business. Tenant further acknowledges that it is accepting the Premises, and that Landlord is delivering the Premises to Tenant, on an “as is”, “where is” basis, without any representations by Landlord regarding the condition thereof except that Landlord represents and warrants that, as of the Commencement Date, (a) Landlord has not received any written notice of violation of any Applicable Laws and, to the actual knowledge of Landlord without investigation or inquiry, the Premises are not in material violation of any Applicable Laws as of the Commencement Date, (b) the foundation, roof, and structural and exterior walls of the Building are in good working order and (c) to Landlord’s actual knowledge, without investigation or inquiry, the Building Systems are in working order.

Appears in 2 contracts

Sources: Building Lease Agreement (Artes Medical Inc), Building Lease Agreement (Artes Medical Inc)