Common use of Current Use Clause in Contracts

Current Use. The use and operation of the Real Property in the conduct of the Business does not violate any instrument of record or agreement affecting the Owned Real Property, or, to the knowledge of the Sellers, the Leased Property. There is no violation of any covenant, condition, restriction, easement or order of any Governmental Authority having jurisdiction over such property or of any other Person entitled to enforce the same affecting the Real Property or the use or occupancy thereof. No damage or destruction has occurred with respect to any of the Real Property that would, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (Leiner Health Products Inc)

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Current Use. The current use and operation of the Owned Real Property in the conduct of the Business does not violate in any material respect any instrument of record or agreement affecting the such Owned Real Property, or, to the knowledge of the Sellers, the Leased Property. There is no violation of any covenant, ordinance, law, regulation, condition, restriction, easement easement, agreement or order of any Governmental Government Authority having jurisdiction over such property or any of any other Person entitled to enforce the same affecting the Owned Real Property that affects such real property or the use or occupancy thereof. No damage or destruction has occurred with respect to any of the Owned Real Property that wouldthat, individually or in the aggregate, has had or resulted in, or will have or result in, a Material Adverse Effectsignificant adverse effect on the operation of the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Trylon Corp/Mi/)

Current Use. The use and operation of the Real Property in by the conduct of the Business Acquired Companies does not violate in any material respect any instrument of record or agreement affecting the Owned Real Property, or, to . To the knowledge Knowledge of the SellersShareholders, the Leased Property. There there is no material violation of any covenant, condition, restriction, easement or order of any Governmental Authority having jurisdiction over such property or of any other Person entitled to enforce the same affecting the Real Property or the use or occupancy thereof. No damage or destruction has occurred with respect to any of the Real Property since January 1, 1998 that would, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tba Entertainment Corp)

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Current Use. The use and operation of the Real Property in the conduct of the Business does do not violate any instrument of record or any other instrument or agreement affecting the Owned Real Property, or, to the knowledge of the Sellers, the Leased Property. There is no violation of any covenant, condition, restriction, easement or order of any Governmental Authority having jurisdiction over such property or of any other Person person entitled to enforce the same affecting the Real Property or the use or occupancy thereof. No damage or destruction has occurred with respect to any of the Real Property since the Balance Sheet Date that would, individually or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Asset Purchase Agreement (SPX Corp)

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