Implied Covenants definition
Implied Covenants as used in this Agreement means any covenants (including any releases), representations or warranties in or arising as a result of the execution and delivery of the deeds contemplated in Section 8.3(a) of this Agreement, including without limitation, as a result of any statutory provisions which may be applicable thereto.
Implied Covenants. Neither payment of bonuses, rental royalties or compliance with any other covenant or condition of this Lease shall relieve Lessee from any other obligation expressed in this Lease or implied by the law unless this Lease expressly so relieves the Lessee.
Examples of Implied Covenants in a sentence
No Implied Covenants by or Obligations of the Trustee..................................
No Implied Covenants By or Obligations of the Trustee.................
For certainty and without limitation, it is agreed by the Purchaser that, as provided in Section 2.4(e) of this Agreement, any liabilities and obligations of any of the Sellers arising out of the Implied Covenants shall be included in the Assumed Liabilities.