Condition of Real Property. All real property owned or leased by the Company or a Subsidiary is free of material structural defects and all building systems contained therein are in good working order in all material respects, subject to ordinary wear and tear or, in each instance, the Company has created an adequate reserve to effect reasonably required repairs, maintenance and capital expenditures. To the knowledge of the Company and the Operating Partnership, water, storm water, sanitary sewer, electricity and telephone service are all available at the property lines of such property over duly dedicated streets or perpetual easements of record benefiting such property. Except as described in the Registration Statement and the Prospectus, to the knowledge of the Company and the Operating Partnership, there is no pending or threatened special assessment, tax reduction proceeding or other action that, individually or in the aggregate, could reasonably be expected to increase or decrease the real property taxes or assessments of any of such property, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.
Condition of Real Property. Except as set forth in Section 3.4 of -------------------------- the RMSI Disclosure Letter, there are no material defects in the physical condition of any land, buildings or improvements constituting part of the Real Property, including without limitation, structural elements, mechanical systems, parking and loading areas, and all such buildings and improvements are in good operating condition and repair.
Condition of Real Property. (a) The Real Property listed on Schedule 1.4(a) constitutes all the real property owned or leased by Seller or others in connection with the operation of the Stations as they are now operated.
Condition of Real Property. Except as set forth in Section 4.19(a)(ii) of the Company Disclosure Letter, all premises constituting a part of the Company Owned Real Property or the Company Leased Real Property are in good operating condition and repair, and there are no material defects in the physical condition of any buildings or improvements constituting part of the Company Owned Real Property or the Company Leased Real Property that, individually or in the aggregate, would materially impair the usefulness of the Company Owned Real Property or the Company Leased Real Property for its current purposes.
Condition of Real Property. The Borrower will at all times cause the real property upon which the entirety of each Theme Park is located to have adequate easements and rights of way over any contiguous real property for the full enjoyment of the intended use thereof.
Condition of Real Property. Neither Seller nor the Company has received notice from any governmental body requiring Seller or the Company to make any repairs or changes to the Real Property, except for written notices with which Seller or the Company has fully complied.
Condition of Real Property. The Real Property and all Personal Property associated therewith is in good condition and repair, subject to normal wear and tear, and the Company has repaired and maintained the Real Property and Personal Property in accordance with industry standards.
Condition of Real Property. The Real Property is sufficient for the Company to conduct its operations as currently conducted. There has not been any interruption of the operations of the Company due to inadequate maintenance of the Real Property.
Condition of Real Property. With respect to each parcel of real property owned, legally or beneficially, by Home or Home Bank, including other real estate owned (" Home's Real Property") and also with respect to each parcel of real property leased by Home or Home Bank ("Home's Leased Real Property "), to its knowledge:
Condition of Real Property. Except as specifically described on Schedule 5.8(c), the representations in this Section 5.8(c) are true. No Company Party has experienced any material disruptions to its operations arising out of any recurring loss of electrical power, flooding, limitations to access to public sewer and water or restrictions on septic service at the Real Property. All utilities servicing the Real Property are publicly provided and maintained, and all facilities located on the Real Property are supplied with utilities necessary for the operation of such facilities. The Real Property is suitable for use in the Ordinary Course of Business and has no deferred repair items unless specifically reserved in the financial statements. The Real Property abuts on and has direct vehicular access to a public road or has access to a public road via a permanent, irrevocable and appurtenant easement benefiting the Real Property. To the Knowledge of Sellers, the present use and occupancy of the Real Property is not in material violation of any zoning, subdivision or other land use, structural safety, or other similar Law (as used in this Section 5.8, sometimes collectively referred to herein as the “Real Property Laws” or individually, a “Real Property Law”). No Company Party has received any notice of violation of any Real Property Law, and, to the Knowledge of Sellers, there is no Basis for the issuance of any such notice or taking of any action for such violation. To the Knowledge of Sellers, there is no pending or anticipated change in any Real Property Law that will materially impair the ownership, lease, use or occupancy of any Real Property or any portion thereof in the continued operation of each Company Party’s business as currently conducted thereon. To the Knowledge of Sellers, all facilities and improvements located on the Real Property have received all material approvals of Governmental Authorities, including all Permits, required in connection with the ownership or operation thereof, and the Real Property has been used, operated, occupied and maintained in accordance with applicable Law in all material respects. To the Knowledge of Sellers, there are no pending or threatened (i) requests, applications or proceedings to alter or restrict any zoning or other use restrictions applicable to any of the Real Property, (ii) condemnation proceedings that would affect any of the Real Property, (iii) public improvements that would result in any material charge being levied or assessed...
