Ownership of Real Property. Borrower has, or as of the Closing Date will have, and will continue to have fee simple title to Real Property, subject only to the Permitted Liens. The Borrower is the sole borrower under the Borrower Loan. Borrower shall make no changes to the Property, when it is built, or to the operation thereof that would affect the qualification of the Property under the Act. The Borrower intends to utilize the Property as multifamily rental housing during the Qualified Project Period (as defined in the Tax-Exempt Regulatory Agreement).
Ownership of Real Property. Borrower owns a leasehold estate in the Real Property free and clear of all liens and encumbrances subject only to the lien for real estate taxes for the year in which the closing of the Loan occurs and such other matters as have been approved by Lender in writing.
Ownership of Real Property. Except as would not reasonably be expected to have a Material Adverse Effect, each Credit Party has good, recordable and marketable title, in the case of Real Property (other than Leaseholds), and good title (or valid Leaseholds, in the case of any leased or subleased property), in the case of all other property, to all of its properties and assets necessary in the ordinary conduct of its business, free and clear of Liens other than Permitted Liens. The properties (and interests in properties) owned by the Credit Parties, taken as a whole, are sufficient, in the judgment of the Credit Parties, for conducting the businesses of the Credit Parties and their Restricted Subsidiaries. Schedule 5.12 sets forth all Real Property owned, leased or subleased by the Parent Borrower or any of its Restricted Subsidiaries as of the Closing Date, and the nature of the interest therein, is correctly set forth in, showing, as of the Closing Date, the street address, county or other relevant jurisdiction, state, record owner and estimated fair value thereof or, in the case of any leased or subleased property, the annual base rent payment.
Ownership of Real Property. Notwithstanding anything to the contrary, XXXXXX has and shall at all times retain its fee estate in the Childcare Center, Play Area, and other portions of the ILC that XXXXXX owns (“XXXXXX Property”), and nothing in this Agreement shall be deemed or construed to result in CCAG/NPSS having any lease-hold or other estate or interest in the XXXXXX Property.
Ownership of Real Property. The Company and the Guarantors lease the real property located at 0000 Xxxxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxxxx 00000-0000. The Company has pledged all of the issued and outstanding capital stock of Lutrex Enterprises, Inc. and Global Modular, Inc. to BFI Business Finance pursuant to the terms of that certain Amended and Restated Stock Pledge Agreement dated as of October 26, 2004. These securities are currently in BFI Business Finance’s possession. SCHEDULE B Liens other than Permitted Liens None. SCHEDULE C No Claims or Litigation None. SCHEDULE D Consents SCHEDULE E Organizational Identification Numbers Debtor/Guarantor Jurisdiction of Incorporation Organizational Identification Number Global Diversified Industries, Inc. Nevada C8500-1990 Global Modular, Inc. Nevada C31195-2001 Lutrex Enterprises, Inc. California C2330293 SCHEDULE F Names; Mergers and Acquisitions None. SCHEDULE G Intellectual Property None. SCHEDULE H Pledged Securities Subsidiary Jurisdiction of Incorporation Address Percentage owned by Global Diversified Industries, Inc. Global Modular, Inc. Nevada 0000 Xxxxxxx Xxxxx Xxxxxxxxxx, XX 00000 100% Lutrex Enterprises, Inc. California 0000 Xxxxxxx Xxxxx Xxxxxxxxxx, XX 00000 100% SCHEDULE I Account Debtors None. SCHEDULE J Capital Stock The Company owns 100% of all stock of Global Modular, Inc. and Lutrex Enterprises, Inc. ANNEX B to SECURITY AGREEMENT THE ADMINISTRATIVE AGENT
Ownership of Real Property. Except as would not, individually or in the aggregage, reasonably be expected to have a Material Adverse Effect, each Credit Party has good, recordable and marketable title, in the case of Real Property (other than Leaseholds), and good title (or valid Leaseholds, in the case of any leased or subleased property), in the case of all other property, to all of its properties and assets necessary in the ordinary conduct of its business, free and clear of Liens other than Permitted Liens. The properties (and interests in properties) owned by the Credit Parties, taken as a whole, are sufficient, in the judgment of the Credit Parties, for conducting the businesses of the Credit Parties and their Restricted Subsidiaries. Schedule 5.12 sets forth all Real Property owned by the Parent Borrower or any of its Restricted Subsidiaries as of the Third Amendment Effective Date, showing, as of the Third Amendment Effective Date, the street address, county or other relevant jurisdiction, state, record owner and estimated fair value thereof.
Ownership of Real Property. Seller does not own any real property, and does not own, hold or have any right to exercise any right to purchase any real property, used in, held for use in, or intended to be used in, the ESCO Business.
Ownership of Real Property. As of the Closing Date, the Real Estate listed in Schedule 3.9 constitutes all of the owned Real Estate of each Credit Party and each of their respective Subsidiaries.
Ownership of Real Property. 7.2.1.1 List of real property presently or in the past owned by the Company, together with
Ownership of Real Property. Set forth on Schedule 1 is a list of the addresses of all Real Property owned in fee by any Owner, subject to the Leases and Permitted Exceptions, the legal descriptions of which, to Seller’s knowledge, are set forth on Exhibit A to each of the Commitments.
