Assets and Contracts. (a) The Disclosures contain a true and complete list of all real property leased by the Company, including a brief description of each item thereof and of the nature of the Company's interest therein, and of all tangible personal property owned or leased by the Company having a cost or fair market value of greater than $200,000, including a brief description of each item and of the nature of the interest of the Company therein. All the real property listed in the Disclosures is leased by the Company under valid and enforceable leases having the rental terms, termination dates and renewal and purchase options described in the Disclosures; such leases are enforceable in accordance with their terms, and there is not, under any such lease, any existing default or event of default or event which with notice or lapse of time, or both, would constitute a default by the Company, and the Company has not received any notice or claim of any such default. The Company does not own any real property.
Appears in 4 contracts
Samples: Agreement of Merger and Plan (Towerstream Corp), Agreement of Merger and Plan (Fairview Energy Corporation, Inc.), Agreement of Merger and Plan (Edgemont Resources Corp)
Assets and Contracts. (a) The Disclosures contain a true and complete list of all real property leased by the Company, including a brief description of each item thereof and of the nature of the Company's ’s interest therein, and of all tangible personal property owned or leased by the Company having a cost or fair market value of greater than $200,000, including a brief description of each item and of the nature of the interest of the Company therein. All the real property listed in the Disclosures is leased by the Company under valid and enforceable leases having the rental terms, termination dates and renewal and purchase options described in the Disclosures; such leases are enforceable in accordance with their terms, and there is not, under any such lease, any existing default or event of default or event which with notice or lapse of time, or both, would constitute a default by the Company, and the Company has not received any notice or claim of any such default. The Company does not own any real property.
Appears in 3 contracts
Samples: Agreement of Merger and Plan of Reorganization (Southridge Technology Group, Inc.), Agreement of Merger And (Fitness Xpress Software Inc.), Agreement of Merger And (Farrier Resources Corp)
