Leased Properties Clause Samples

Leased Properties. Except for short-term space leases entered into by the Company or a Subsidiary in connection with producing a specific Product, Schedule 3.15.2 is a true, correct and complete schedule of all leases, subleases, licenses and other agreements (collectively, the "Real Property Leases") under which the Company or any Subsidiary uses or occupies or has the right to use or occupy, now or in the future, any real property (the land, buildings and other improvements covered by the Real Property Leases being herein called the "Leased Real Property"), which Schedule 3.15 sets forth the date of and parties to each Real Property Lease, the date of and parties to each amendment, modification and supplement thereto, the term and renewal terms (whether or not exercised) thereof and a brief description of the Leased Real Property covered thereby. The Company has heretofore delivered to Metromedia true, correct and complete copies of all Real Property Leases (including all modifications, amendments and supplements). Each Real Property Lease is a legal, valid, binding and enforceable obligation of the Company and is in full force and effect, subject as to enforcement, as to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and to general principles of equity. All rent and other sums and charges payable by the Company or a Subsidiary as tenant under any Real Property Lease are current, no notice of default or termination under any Real Property Lease is outstanding, no termination event or condition or uncured material default on the part of the Company or the applicable Subsidiary, or to the Knowledge of the Company or the applicable Subsidiary on the part of the landlord, exists under any Real Property Lease, and no event has occurred and no condition exists which, with the giving of notice or the lapse of time or both, would constitute such a default or termination event or condition on the part of the Company or the applicable Subsidiary or, to the Knowledge of the Company or the applicable Subsidiary on the part of the landlord. Except as set forth on Schedule 3.15.2, to the Knowledge of the Company or the applicable Subsidiary, none of the Leased Real Property and the Real Property Leases contravenes any zoning ordinance or other administrative regulation or violates any restrictive covenant, easement or other agreement to which the lessee under any such Real Property Lease is bou...

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. 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. Section 2.16(a) of the Disclosure Schedule sets forth a complete list and the location of all real property leased or subleased, whether as landlord or tenant, by the Seller or the Subsidiaries, excluding the Excluded Facilities (the “Leased Real Property”), identifying the parties thereto. The Seller has prior to the date hereof made available to the Buyer correct and complete copies of the leases and subleases (and all amendments, supplements, side letters, estoppels, subordination, nondisturbance and attornment agreements, and other written agreements related thereto) that are in the Seller’s possession (collectively, the “Leases”) covering the properties listed in Section 2.16(a) of the Disclosure Schedule (as amended to the date of this Agreement) and all material licenses, certificates of occupancy, plans, specifications and permits pertaining to the Leased Real Property that are in the possession of the Seller, any of the Subsidiaries or the Owners. Except (x) as otherwise specified in Section 2.16(a) of the Disclosure Schedule or (y) where the failure of any of the following to be true and correct does not have, or would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect: (A) neither the Seller nor any of the Subsidiaries, nor to the Knowledge of the Seller, any of their landlords or tenants, as the case may be, is in default under any Lease beyond any applicable notice, grace or cure period, (B) neither the Seller nor any of the Subsidiaries has received or delivered a written notice of default or objection to any party to any Lease to pay and perform its obligations and (C) to the Knowledge of the Seller, no event with respect to any Lease which with either notice or the passage of time or both would reasonably be expected to become an event of default thereunder; (ii) no Lease has been assigned, sublet, mortgaged, deeded in trust or otherwise encumbered by the Seller or any of the Subsidiaries; and (iii) (A) the Leases constitute all written and oral agreements of any kind for the leasing, rental, use or occupancy of the Leased Real Property and are the result of bona fide arms length negotiations between the parties, (B) no third party has the right to cancel or terminate a Lease; and (C) there are no refunds, credits, concessions, bonuses, free months’ rental, rebates, finish-out allowances in excess of the building’s standard or other agreements or matters affecting the rental for any tenant under ...

Leased Properties. 38 Leases................................................................38

Leased Properties. Schedule 3.9 sets forth a true, correct and complete list of all leases, subleases, licenses and other agreements (collectively, the "Real Property Leases") under which the Company or any Subsidiary uses or occupies or has the right to use or occupy, now or in the future, any real property used in or related to the Business (the land, buildings and other improvements covered by the Real Property Leases being herein called the "Leased Real Property"), which Schedule 3.9 sets forth (i) the date of and parties to each Real Property Lease, (ii) the date of and parties to each amendment, modification and supplement thereto, (iii) the term and renewal terms (whether or not exercised) thereof, (iv) the annual rent payable thereunder and (v) a brief description of the Leased Real Property covered thereby. The Company has heretofore delivered to, or caused to be delivered to, the Prior Purchasers true, correct and complete copies of all Real Property Leases (including all modifications, amendments and supplements). Each Real Property Lease is valid, binding and in full force and effect, all rent and other sums and charges payable by the Company and its Subsidiaries as tenant thereunder are current, no notice of default or termination under any Real Property Lease is outstanding, and no termination event or condition or uncured default on the part of the Company or any of its Subsidiaries or, to the Knowledge of the Company, the landlord, exists under any Real Property Lease.

Leased Properties. Except as disclosed in the SEC Reports filed prior to the date of this Agreement, the Corporation is the valid lessee of all material leasehold estates reflected in the latest audited financial statements included in such SEC Reports or acquired after the date thereof (except for leases that have expired without default by their terms since the date thereof) and is in valid possession of the properties purported to be leased thereunder, and each such lease is in full force and effect and without default thereunder in any material respect by the lessee or, to the Corporation's knowledge, the lessor.

Leased Properties. The Financial Statements and Schedule 2.1(ag) hereto together list all personal property (including equipment leases) and real property leased by the Company or by the Selling Shareholders in connection with the Business (the "Leased Properties") and the aggregate annual rent or other fees payable under all such leases. The Company has a valid leasehold or ownership interest in all of the Leased Properties, free and clear of any liens.

Leased Properties. (a) Waters does not formally lease any real property, but Waters uses with permission of Seller the Leased Property and Waters’ books and records reflect that Waters bears the full cost of the lease respecting the Leased Property with the same effect as if Waters was the lessee of the Leased Property. (b) The Leased Property constitutes all the real estate necessary for the operation of Waters’ business as presently conducted; provided, however, that Buyer understands that certain administrative functions are provided by Seller from Seller’s principal executive office. Seller has a valid leasehold interest in the Leased Property. A true, complete and correct copy of the lease agreement currently understood by the landlord, Seller and Waters to be in effect with respect to the Leased Property has been delivered to Buyer. The lease with respect to the Leased Property is in full force and effect and is valid and enforceable in accordance with its terms against the parties thereto, except as enforcement thereof may be limited by bankruptcy, insolvency, fraudulent transfer or other similar laws affecting the enforcement of creditors’ rights in general or by general principles of equity. All payment for rent and additional rent due under such lease has been duly and timely paid in accordance with the terms of such lease and all other material obligations of Seller thereunder have been satisfied in accordance with the terms thereof. Neither Seller or Waters is in default with respect to any material term or condition of such lease, nor, to the knowledge of Seller, has any event occurred which through the passage of time or the giving of notice, or both, would constitute a default thereunder by Seller or Waters or would cause the acceleration of any obligation of Seller or Waters with respect to the Leased Property, affect or result in the questioning of the rights of Seller or Waters to the continued possession of the Leased Property or create a lien or encumbrance upon Seller’s and/or Waters’ leasehold interest in the Leased Property. Seller shall cooperate with Buyer to (i) obtain from the Leased Property’s landlord consent to the assignment of the lease to Buyer or (ii) consent to a sublease of the Leased Property from Seller to Buyer. (c) Neither Seller or Waters has received any written notice that Seller or Waters is in violation of any building code, zoning ordinance or similar law or regulation applicable to the Leased Property, and, to the knowledge of S...