Owned Premises. No Acquired Company owns any real property.
Owned Premises. The Owned Premises are 100% beneficially owned by the Corporation or a Subsidiary (or to the best of the Corporation’s knowledge, the Joint Venture Entity), and the Corporation or the applicable Subsidiary (and to the best of the Corporation’s knowledge, the Joint Venture Entity) holds the Owned Premises under valid, subsisting and enforceable title documents and such title documents permit the Corporation and such Subsidiary (and to the best of the Corporation’s knowledge, the Joint Venture Entity) to carry on the Business thereon as currently conducted.
Owned Premises. The Owned Premises are the only real property owned by the Corporation or the Subsidiaries. The Owned Premises are 100% beneficially owned by the Corporation or a Subsidiary, and the Corporation or the applicable Subsidiary holds the Owned Premises under valid, subsisting and enforceable title documents and such title documents permit the Corporation and such Subsidiary to carry on the business thereon as currently conducted.
Owned Premises. Seller does not own any real property. --------------
Owned Premises. If you own the Premises, you must submit to us proof of ownership. If you decide to sell the Premises together with the Restaurant at any time before the expiration or termination of the Franchise Agreement, you must notify us of your intention. We have a right of first refusal to purchase the Premises on the same terms and conditions as set forth in Section 14.(c)(i). If the sale will also involve a relocation of the Restaurant, you must submit to us for our approval your proposed plans (including copies of any proposed lease or contract of purchase) for an alternate location.
Owned Premises. 17 SECTION 2.19 Leased Premises .......................................... 17 SECTION 2.20
Owned Premises. 14 SECTION 2.24
Owned Premises. The Company does not own any real estate.
Owned Premises. Schedule 3.19 lists and describes all real -------------- ------------- estate owned by the Company and all buildings and other structures located on such real estate (the "Owned Real Properties"). The Company has good and marketable title in fee simple to all Owned Real Properties and holds sufficient rights in and to all easements or other rights necessary for perpetual access thereto, and owns outright all buildings and other structures, improvements and fixtures thereon, in each case free and clear of all Claims or other interests or rights of third parties, except those which do not and will not have a Material Adverse Effect on the Owned Real Properties as used in the business of Company. There are no encroachments from any of the Owned Real Properties onto adjoining real property and there are no encroachments from any adjoining real property onto any of the Owned Real Properties, except those which do not and will not have a Material Adverse Effect on the Owned Real Properties as used in the business of Company. Each structure located on the Owned Real Properties is structurally sound and adequately maintained and is in good condition and repair consistent with the uses to which it is presently being put. All structures, improvements and fixtures on the Owned Real Properties and the current uses of the Owned Real Properties conform to any and all federal, state and local laws, reclamation laws, zoning, land use, subdivision, wetlands, building, health and safety and other ordinances, laws, rules and regulations, except for those the nonconformance with which do not or would not have a Material Adverse Effect on the Owned Real Properties as used in the business of Company. No notice from any governmental body or other person has been served upon, or received by, Company claiming any violation of any such ordinance, law, rule or regulation, or requiring any substantial work, repairs, reclamation, construction, alterations or installation on or in connection with such Owned Real Properties which has not been complied with or that any right of access or other right enjoyed by Company is being modified or terminated. There are no violations of any covenant, restriction or other agreement or understanding, oral or written, affecting or relating to title or use of the Owned Real Properties and no such covenant, restriction, agreement or understanding could cause a forfeiture or reversion of title or abridge the use thereof. There are no pending or threate...
Owned Premises. SCHEDULE 3.10(B) hereto sets forth the legal description of the Premises owned by the Company or any of the Subsidiaries ("Owned Premises") and all fee title insurance policies, title searches and surveys relating to the Owned Premises. The Company or its Subsidiaries, as the case may be, has good and marketable fee simple title to the Owned Premises, free and clear of all mortgages, liens, security interests, easements, covenants, rights-of-way and other encumbrances or restrictions of any nature whatsoever, except easements, covenants, rights-of-way, zoning restrictions, and other encumbrances or restrictions identified on SCHEDULE 3.10(B), hereto ("Permitted Encumbrances"), none of which prohibit or in any material respect interfere with the operations of the Company or any of the Subsidiaries on the Owned Premises as heretofore conducted. Except as set forth in SCHEDULE 3.10(B), all structures and other improvements on the Owned Premises are within the lot lines and do not encroach on the properties of any other person. No portion of the Owned Premises is located in a flood plain, flood hazard area or designated wetlands area or is listed on the National Priorities List, CERCLIS or any similar listing of contaminated sites. Neither the Company nor any of its Subsidiaries has received any written notice of assessments for public improvements against the Owned Premises (or any portion thereof) or any written notice or order by any governmental or other public authority, any insurance company which has issued a policy with respect to any of the Owned Premises or any board of fire underwriters or other body exercising similar functions that (A) relates to violations of building, safety or fire ordinances or regulations, (B) claims any defect or deficiency with respect to any of the Owned Premises or (C) requests the performance of any repairs, alterations or other work to or in any of the Owned Premises or in the streets bounding the same. There is no pending condemnation, expropriation, eminent domain or similar proceeding against the Company or any of the Subsidiaries affecting all or any portion of the Owned Premises. Except as set forth in SCHEDULE 3.10(C) hereto, none of the Owned Premises is subject to any leases (oral or written).
