No Owned Real Properties Sample Clauses

No Owned Real Properties. The Company does not own any real property or any interest (other than a leasehold interest) in any real property.
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No Owned Real Properties. Neither Winsonic, nor any of its Subsidiaries, owns any real property or any interest (other than a leasehold interest) in any real property.
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No Owned Real Properties. Except as disclosed in the Parent Reports, the Parent and its Subsidiaries do not own any real property.
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No Owned Real Properties. ICS does not own any real property or any interest (other than a leasehold interest) in any real property. (c) Leased Properties. Schedule 3.16(c) of the ICS Disclosure Schedule sets ---------------- forth a complete and correct description of all leases of real or personal property under which ICS is lessor or lessee. True, complete and correct copies of all such leases and all amendments, supplements, and modifications thereto (THE "LEASES") (excepting any Lease pertaining to personal property with an annual rent of less than $10,000 and total remaining rental payments of less than $20,000), have been delivered to Buyer. Each Lease is valid and enforceable in accordance with its terms (subject to bankruptcy, insolvency and similar Laws affecting creditor's rights generally and to general equitable principles), is in full force and effect and, to the Knowledge of the Sellers, no event or condition exists that constitutes, or after notice or lapse of time or both would constitute, a default thereunder by ICS, or, to the Knowledge of the Sellers, any other party to any of the Leases. The right, title and interest of ICS in and to the Leases are subject to no Lien, and ICS is in quiet and lawful possession of the demised premises ("Demised Premises")described IN THE LEASES. ICS has established adequate reserves which are reflected in the ICS Financial Statements, for the anticipated costs of any and all renovation, maintenance and/or repair required to be performed at the Demised Premises or required to be paid for by ICS upon termination of any of the Leases. Each Lease represents the entire agreement between the lessor thereunder and ICS, including all representations and warranties, and there exist no agreements between ICS and any party other than as set forth in the Leases. ICS has paid in full all obligations for brokerage commissions and finders' fees incurred in entering into the Leases. Except as set forth on Schedule 3.16(c), the Demised Premises, ---------------- including all fixtures, furnishings, improvements and personalty in the Demised Premises are in good working order, and at Closing shall be in the same condition as on the date hereof; provided, further, that the building and land of which the Demised Premises are a part in good working order, condition and repair, and to the Knowledge of the Sellers, have no structural or mechanical defects. (d) Pending Tax Proceedings. Except as set forth in Schedule 3.16(d) of the ---------------- ICS ...
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No Owned Real Properties. AI, does not own any real property or any interest (other than a leasehold interest) in any real property.
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No Owned Real Properties. Tytess does not own any real property or any interest (other than a leasehold interest) in any real property.
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No Owned Real Properties. Neither Lilien nor Lilien Corp. owns any real property or any interest (other than a leasehold interest) in any real property.
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Related to No Owned Real Properties

  • Owned Real Property The Company does not own any real property.

  • Owned Properties The Company does not own any real property.

  • Owned and Leased Real Properties (a) Neither Public Company nor any of its Subsidiaries owns or has ever owned any real property.

  • Real Property (a) The Company does not own any real property.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Owned Real Estate Neither the Company nor any of its Subsidiaries owns any real property.

  • Real Property Interests Except for leasehold interests disclosed on Schedule 3.20, and except for the ownership or other interests set forth on Schedule 3.20, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property. Schedule 3.20 sets forth, with respect to each parcel of real estate owned by any Credit Party as of the Closing Date, the address and legal description of such parcel.

  • Owned Property Section 5.14

  • Leased Real Property Section 3.13(b) of the Company Disclosure Letter contains a true, correct and complete list of (i) all of the real property that is leased, subleased, licensed or otherwise used or occupied by, the Company or any of its Subsidiaries (such property, the “Leased Real Property”) and (ii) all leases, subleases, licenses or other Contracts pursuant to which the Company or its Subsidiaries use or occupy, or have the right to use or occupy, now or in the future, such Leased Real Property (each, a “Lease”). The Company has made available to Parent true, correct and complete copies of all Leases (including all material modifications, amendments and supplements thereto), and in the case of any oral Lease, a written summary of the material terms of such Lease. The Company and/or one of its Subsidiaries, as the case may be, have and own good, valid and subsisting leasehold interests in the Leased Real Property under each Lease, subject to proper authorization and execution of such Lease by the other party thereto and Permitted Liens, except in each case, as enforcement may be limited by the Enforceability Limitations, except as would not, individually or in the aggregate, have a Company Material Adverse Effect. With respect to each Lease and except as would not, individually or in the aggregate, have a Company Material Adverse Effect or materially and adversely affect the current use by the Company or its Subsidiaries of the Leased Real Property, (i) each Lease is in full force and effect and a valid, binding and legally enforceable obligation of the Company or its applicable Subsidiary, as the case may be, and, to the Knowledge of the Company, the other parties thereto (except in each case as may be limited by the Enforceability Limitations); (ii) each Lease has not been amended or modified in any material respect except as reflected in the modifications, amendments, supplements and side letters thereto made available to Parent; (iii) there is no existing material default or event of default by the Company or any of its Subsidiaries or, to the Knowledge of the Company, any other party thereto, under any Lease (iii) to the Knowledge of the Company, there are no disputes with respect to any Lease; (iv) neither the Company nor any of its Subsidiaries has collaterally assigned or granted any other security interest in such Lease or any interest therein; and (v) there are no Liens (other than Permitted Liens) on the estate or interest created by such Lease. The Leased Real Property is in all material respects in good operating condition and in a state of good and working maintenance and repair, ordinary wear and tear excepted, and is adequate and suitable for its current uses and purposes. There are no physical conditions or defects on any part of the Leased Real Property that would materially impair or would be reasonably expected to materially impair the continued operation of the business of the Company and its Subsidiaries as presently conducted at such Leased Real Property.

  • Leaseholds If the Mortgage Loan is secured by a long-term residential lease, (1) the lessor under the lease holds a fee simple interest in the land; (2) the terms of such lease expressly permit the mortgaging of the leasehold estate, the assignment of the lease without the lessor's consent and the acquisition by the holder of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protections; (3) the terms of such lease do not (a) allow the termination thereof upon the lessee's default without the holder of the Mortgage being entitled to receive written notice of, and opportunity to cure, such default, (b) allow the termination of the lease in the event of damage or destruction as long as the Mortgage is in existence, (c) prohibit the holder of the Mortgage from being insured (or receiving proceeds of insurance) under the hazard insurance policy or policies relating to the Mortgaged Property or (d) permit any increase in rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not terminate earlier than five years after the maturity date of the Mortgage Note; and (6) the Mortgaged Property is located in a jurisdiction in which the use of leasehold estates in transferring ownership in residential properties is a widely accepted practice;

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