Common use of Licensed Premises Clause in Contracts

Licensed Premises. MTI is the owner of the real property in which the Licensed Premises are located (the "Property"). MTI's license under the Services Agreement to the Company of the Licensed Premises does not violate or conflict with any instrument of record or agreement affecting the Property. MTI has no Knowledge of any eminent domain or similar proceedings against the Property which could adversely affect the Company's use or occupancy of the Licensed Premises during the term of the license. There are no defaults by MTI under any mortgage on the Property which could give rise to the mortgagee's foreclosure on the Property or give rights to any mortgagee to disturb the Company's use or occupancy of the Licensed Premises during the term of the license.