Common use of Facility and Facility Operations Clause in Contracts

Facility and Facility Operations. (1) Included as SCHEDULE 2(F)(1) to the Disclosure Memorandum are copies of the leases (the "Schools Facility Leases") pursuant to which the Schools' Facilities (the "School Facilities") are leased. The Schools' operations are conducted solely at the School Facilities and all of the tangible Assets used in connection with such operations are located at the School Facilities. All of the improvements located at the School Facilities are in good operating condition and repair, subject only to ordinary wear and tear. There is no pending or, to the knowledge of the Shareholders, threatened condemnation proceeding with respect to the School Facilities.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Educational Medical Inc), Stock Purchase Agreement (Educational Medical Inc)

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Facility and Facility Operations. (1) Included as SCHEDULE 2(F)(1) to the Disclosure Memorandum are copies of the leases (the "Schools Facility Leases") pursuant to which the Schools' Facilities (the "School Facilities") are leased. The Schools' operations are conducted solely at the School Facilities and all of the tangible Assets used in connection with such operations are located at the School Facilities. All of the improvements located at the School Facilities are in good operating condition and repair, subject only to ordinary wear and tear. There is no pending or, to the knowledge of the Shareholders, threatened condemnation proceeding with respect to the School Facilities.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Educational Medical Inc), Stock Purchase Agreement (Educational Medical Inc)

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Facility and Facility Operations. (1) Included Attached to the Disclosure Memorandum as SCHEDULE 2(F)(1) to the Disclosure Memorandum are copies of the leases (the "Schools School Facility Leases") pursuant relating to which each of the Schools' Facilities Seller's locations (collectively, the "School Facilities") are leased). The Schools' Each of the School's operations are conducted solely at the School Facilities and all of the tangible School Related Assets used in connection with such operations are located at the School Facilities. All of the improvements located at the School Facilities are in good operating condition and repair, subject only to ordinary wear and tear. There is no pending or, to the knowledge of each of the ShareholdersSellers, threatened condemnation proceeding proceedings with respect to the School Facilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Quest Education Corp)

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