Leased Properties Sample Clauses

Leased Properties. Section 3.22 of the Disclosure Schedule sets forth a list of all of the leases and subleases ("Leases") and each leased and subleased parcel of real property in which the Company has a leasehold or subleasehold interest or to which the Company is a party either as landlord or sublandlord (the "Leased Real Property"). Each of the Leases are in full force and effect, and the Company holds a valid and existing leasehold or subleasehold interest or Landlord or Sublandlord interest as applicable, under each of the Leases described in Section 3.22 of the Disclosure Schedule. The Company has delivered to HK true, correct, complete and accurate copies of each of the Leases. With respect to each Lease set forth on Section 3.22 of the Disclosure Schedule: (i) the Lease is legal, valid, binding, enforceable and in full force and effect; (ii) to the Knowledge of the Company the Lease will continue to be legal, valid, binding, enforceable and in full force and effect on identical terms following the Closing; (iii) neither the Company, nor, to the Knowledge of the Company, any other party to the Lease, is in breach or default, and no event has occurred which, with notice or lapse of time, would constitute such a breach or default by the Company or permit termination, modification or acceleration under the Lease by any other party thereto; (iv) the Company has not, and, to the Knowledge of the Company, no third party has repudiated any provision of the Lease; (v) there are no disputes, oral agreements, or forbearance programs in effect as to the Lease; (vi) the Lease has not been modified in any respect, except to the extent that such modifications are disclosed by the documents delivered to HK; (vii) the Company has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in the Lease (except for Permitted Liens); and (viii) the Lease is fully assignable to HK without the necessity of any consent or the Company shall obtain all necessary consents prior to the Closing.
Leased Properties. Section 2.08(c) of the Winsonic Disclosure Schedule sets forth a complete and correct description of all leases of real or personal property under which Winsonic or any of its Subsidiaries is lessor or lessee. Complete and correct copies of all such leases and all amendments, supplements, and modifications thereto, other than any personal property lease with an annual rent of less than $10,000 and total remaining rental payments of less than $20,000, have been delivered to the Parent and Merger Sub. Each such lease is valid and subsisting and, to Winsonic’s or Shareholder’s knowledge, no event or condition exists that constitutes, or after notice or lapse of time or both would constitute, a default thereunder by Winsonic or any of its Subsidiaries, as the case may be, or, to Winsonic’s or Shareholder’s knowledge, any other party thereto. Winsonic’s and each of its Subsidiaries’ leasehold interests are subject to no Lien, and Winsonic and each of its Subsidiaries is in quiet possession of the properties covered by their respective leases. Winsonic has established adequate reserves which are reflected in the Financial Statements, for the anticipated costs of any property renovation and repairs to Winsonic’s, or its Subsidiaries’, leased premises required to be performed or paid for by it upon termination of any of its leases of real property.
Leased Properties. Schedule 3.26 sets forth a list of all of the leases and subleases for real property and all amendments, modifications and supplements thereto, if any (“Leases”), in which the Company has a leasehold or subleasehold interest. The Company has delivered, or caused to be delivered, to the Frost Group true and complete copies of each of the Leases described in Schedule 3.26. With respect to each Lease listed in Schedule 3.26 and except as set forth in Schedule 3.26, (i) to the knowledge of the Company, each Lease is legal, valid, binding, and enforceable, and in full force and effect; (ii) the Company is not in violation or in default of, in any material respect, or has failed to perform any material obligation under, any Lease, and nothing has occurred that with lapse of time or the giving of notice or both would constitute a material breach or default of any Lease by the Company; and (iii) the Company has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in any Lease.
Leased Properties. Except as could not reasonably be expected to have ----------------- a Material Adverse Effect: the Company has received no notice of any intention by any lessor under a lease to which the Company or any of its Subsidiaries is a party (a "Lease") to cancel or terminate the same (nor has the Company canceled ------- or terminated any Lease), nor has the Company vacated all or any portion of such leased properties; neither the Company nor any of its Subsidiaries is in default under any Lease; except as set forth in Schedule 6.15 of the Disclosure Letter ------------- (i) no Lease has been modified, altered or amended in any respect, (ii) no condition presently exists which would give any lessor the right to cancel or terminate its Lease and (iii) the Company has no interest in any real property other than the leasehold possessory interest set forth in such Lease; and each of the Leases is valid and subsisting and in full force and effect in accordance with its terms and constitutes the legal, valid, binding and enforceable obligation of the lessor thereunder.
Leased Properties. As of the Closing Date, each lease of the Loan Parties (other than any lease which is not material to the operations of the Loan Parties taken as a whole) is in good standing in all material respects and all amounts owing thereunder have been paid by the applicable Loan Party except any such amount the payment obligation in respect of which is in bona fide dispute.
Leased Properties. The attached LEASED REAL PROPERTY SCHEDULE sets forth a list of all of the leases and subleases ("LEASES") and each leased and subleased parcel of real property in which the Company and its Subsidiaries have a leasehold and subleasehold interest (the "LEASED REAL PROPERTY"). The Company and its Subsidiaries hold a valid and existing leasehold or subleasehold interest under each of the Leases. With respect to each Lease listed on the LEASED REAL PROPERTY SCHEDULE, there are no disputes, oral agreements, or forbearance programs in effect as to such Lease and the Company and its Subsidiaries have not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in such Lease. With respect to each lease and sublease listed on the LEASED REAL PROPERTY SCHEDULE: (a) the lease or sublease is legal, valid, binding, enforceable and in full force and effect and will continue to be so on identical terms immediately following the Closing; (b) neither the Company and its Subsidiaries nor any other party to the lease or sublease is in material breach or default, and no event has occurred which, with notice of lapse of time, would constitute such a material breach or default or permit termination, modification or acceleration under the lease or sublease; (c) neither the Company and its Subsidiaries nor any Seller has assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in the leasehold or subleasehold; (d) all buildings, improvements or other property leased or subleased thereunder are supplied with utilities and other services necessary for the operation thereof (including gas, electricity, water, telephone, sanitary and storm sewer, and access to public roads); and (e) with respect to each sublease, to the Knowledge of the Company the representations and warranties set forth in subparagraphs (a) through (d) above are true and correct with respect to the underlying lease.
Leased Properties. SCHEDULE 4.8 lists, as of the Amendment Effective Date, (i) all material real property leased by the Borrower or any of its Subsidiaries, and (ii) all personal property leased by the Borrower or any of its Subsidiaries requiring lease payments in excess of $100,000 per year, including in each case the name of the lessors and a description of the locations of such property. The Borrower and each of its Subsidiaries enjoys peaceful and undisturbed possession under all of its real property leases, and all such leases are valid and in full force and effect. The Borrower has delivered complete and accurate copies of all such leases to the Agent and the Lenders.
Leased Properties. Each Lease is in good standing and all amounts owing under each Lease have been paid by the Borrower or a Credit Party, as applicable.
Leased Properties. Schedule B sets forth a list of all real property leased by the Sellers (the "Leased Real Property") and all of the leases (the "Leases") of the Leased Real Property. With respect to the Leased Real Property, except as disclosed on Schedule B, (a) all obligations of the landlord or lessor under the Leases that have accrued have been performed, and no landlord or lessor is in default under or in arrears in the payment of any sum or in the performance of any obligation required of it under any Lease, and no circumstance presently exists which, with notice or the passage of time, or both, would give rise to a default by the landlord or lessor under any Lease; (b) all obligations of the tenant or lessee under the Leases that have accrued have been performed, and Sellers are not in default under or in arrears in the payment of any sum or in the performance of any obligation required of it under any Lease, and no circumstance presently exists which, with notice or the passage of time, or both, would give rise to a default by Sellers; and (c) there are no consents of any landlord or lessor required to transfer the Leased Real Property to Buyer.