Common use of Land Leases Clause in Contracts

Land Leases. Exhibit C lists for each of the Properties the Land Lease applicable to that Property. Exhibit C also includes a list of all amendments and modifications thereto. To the best of Seller's knowledge, except as may be shown in said Exhibit, all of the Land Leases are in full force and effect and free from default, Seller is current in the payment of all rentals and other amounts due under the Land Leases, there is no existing event which, with the passage of time and the giving of notice, or both, could become a default under the Land Leases, there are no disputes, claims, or rights of set-off under the Land Leases, and, subject to obtaining the consent of the lessors under the Land Leases and the limited partners of Seller, Seller has the full right, power, and authority to assign its interest in and to the Land Leases to Purchaser.

Land Leases. Exhibit C lists for each of the Properties the Land Lease Leases applicable to that Propertythe Properties. Exhibit C also includes a list of all amendments and modifications thereto. To the best of Seller's knowledge, except as may be shown in said Exhibit, all of the Land Leases are is in full force and effect and free from default, Seller is current in the payment of all rentals and other amounts due under the Land Leases, there is no existing event which, with the passage of time and the giving of notice, or both, could become a default under the Land Leases, there are no disputes, claims, or rights of set-off under the Land Leases, and, subject to obtaining the consent of the lessors lessor under the Land Leases and the limited partners of Seller, Seller has the full right, power, and authority to assign its interest in and to the Land Leases to Purchaser.