{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "title-to-all", "type": "clause", "offset": [94, 106]}, {"key": "properties-and-assets", "type": "clause", "offset": [120, 141]}, {"key": "latest-audited-balance-sheet", "type": "definition", "offset": [166, 194]}, {"key": "interim-balance-sheet", "type": "definition", "offset": [205, 226]}, {"key": "the-financial-statements", "type": "clause", "offset": [239, 263]}, {"key": "owned-by", "type": "definition", "offset": [273, 281]}, {"key": "otherwise-disposed-of", "type": "definition", "offset": [388, 409]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [433, 467]}, {"key": "consistent-with-past-practice", "type": "clause", "offset": [468, 497]}, {"key": "owned-properties", "type": "definition", "offset": [505, 521]}, {"key": "free-and-clear", "type": "clause", "offset": [525, 539]}, {"key": "liens-securing", "type": "clause", "offset": [600, 614]}, {"key": "contested-in-good-faith", "type": "definition", "offset": [655, 678]}, {"key": "adequate-reserves", "type": "clause", "offset": [689, 706]}, {"key": "real-property-taxes", "type": "definition", "offset": [739, 758]}, {"key": "due-and-payable", "type": "clause", "offset": [767, 782]}, {"key": "rights-of", "type": "clause", "offset": [801, 810]}, {"key": "properties-or-assets", "type": "definition", "offset": [892, 912]}, {"key": "materially-impair", "type": "definition", "offset": [962, 979]}, {"key": "business-operations", "type": "definition", "offset": [980, 999]}, {"key": "leasehold-estates", "type": "clause", "offset": [1324, 1341]}, {"key": "except-for-permitted-encumbrances", "type": "clause", "offset": [1645, 1678]}, {"key": "possession-of-the-properties", "type": "clause", "offset": [1690, 1718]}, {"key": "by-the-lessee", "type": "clause", "offset": [1810, 1823]}, {"key": "to-purchaser", "type": "clause", "offset": [1828, 1840]}, {"key": "the-lessor", "type": "clause", "offset": [1854, 1864]}, {"key": "in-writing", "type": "clause", "offset": [1929, 1939]}, {"key": "condemnation-proceedings", "type": "definition", "offset": [1941, 1965]}, {"key": "the-real-property", "type": "clause", "offset": [1974, 1991]}], "samples": [{"hash": "omArvW3UMD", "uri": "/contracts/omArvW3UMD#properties", "label": "Merger Agreement (Farmers National Banc Corp /Oh/)", "score": 36.8193016052, "published": true}, {"hash": "gdEn1gmofrR", "uri": "/contracts/gdEn1gmofrR#properties", "label": "Merger Agreement (Middlefield Banc Corp)", "score": 36.8193016052, "published": true}, {"hash": "3spCPrR8Guh", "uri": "/contracts/3spCPrR8Guh#properties", "label": "Merger Agreement (Farmers National Banc Corp /Oh/)", "score": 36.8193016052, "published": true}], "snippet": "Either Purchaser or one of its Subsidiaries (a) has good and, as to real property, marketable title to all the material properties and assets reflected in either the latest audited balance sheet or latest interim balance sheet included in the Financial Statements as being owned by either Purchaser or one of its Subsidiaries or acquired after the date thereof (except properties sold or otherwise disposed of since the date thereof in the ordinary course of business consistent with past practice) (the \u201cOwned Properties\u201d), free and clear of all Liens of any nature whatsoever, except (i) statutory Liens securing payments not yet due or which are being contested in good faith for which adequate reserves have been taken, (ii) Liens for real property Taxes not yet due and payable, (iii) easements, rights of way, and other similar encumbrances that do not materially affect the use of the properties or assets subject thereto or affected thereby or otherwise materially impair business operations at such properties and (iv) such imperfections or irregularities of title or Liens as do not materially affect the use of the properties or assets subject thereto or affected thereby or otherwise materially impair business operations at such properties (collectively, \u201cPermitted Encumbrances\u201d), and (b) is the lessee of all leasehold estates reflected in either the Financial Statements or acquired after the date thereof (except for leases that have expired by their terms since the date thereof) (collectively with the Owned Properties that constitute real property, the \u201cReal Property\u201d), free and clear of all Liens of any nature whatsoever, except for Permitted Encumbrances, and is in possession of the properties purported to be leased thereunder, and each such lease is valid without default thereunder by the lessee or, to Purchaser\u2019s Knowledge, the lessor. There are no pending or, to Purchaser\u2019s Knowledge, threatened (in writing) condemnation proceedings against the Real Property.", "size": 254, "hash": "b0e4883579d55b84c60076fe6abfe12b", "id": 4}, {"snippet_links": [{"key": "company-disclosure-letter", "type": "clause", "offset": [27, 52]}, {"key": "true-and-complete-list", "type": "clause", "offset": [66, 88]}, {"key": "date-hereof", "type": "clause", "offset": [100, 111]}, {"key": "owned-in-fee-simple", "type": "definition", "offset": [141, 160]}, {"key": "by-the-company", "type": "clause", "offset": [161, 175]}, {"key": "the-company-subsidiaries", "type": "clause", "offset": [186, 210]}, {"key": "company-owned-real-property", "type": "definition", "offset": [217, 244]}, {"key": "in-the-aggregate", "type": "definition", "offset": [289, 305]}, {"key": "company-material-adverse-effect", "type": "clause", "offset": [367, 398]}, {"key": "company-or-the-company", "type": "definition", "offset": [411, 433]}, {"key": "title-to-all", 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"real-property-leased", "type": "definition", "offset": [1310, 1330]}, {"key": "by-company", "type": "clause", "offset": [1331, 1341]}, {"key": "rental-value", "type": "clause", "offset": [1398, 1410]}, {"key": "pursuant-to-a", "type": "definition", "offset": [1430, 1443]}, {"key": "company-leased-real-property", "type": "definition", "offset": [1470, 1498]}, {"key": "company-real-property", "type": "definition", "offset": [1557, 1578]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [1734, 1761]}, {"key": "full-force-and-effect", "type": "clause", "offset": [1848, 1869]}, {"key": "and-the-company", "type": "clause", "offset": [1871, 1886]}, {"key": "company-subsidiary", "type": "clause", "offset": [1892, 1910]}, {"key": "leasehold-interest", "type": "definition", "offset": [1938, 1956]}, {"key": "quiet-use-and-enjoyment", "type": "clause", "offset": [2013, 2036]}, {"key": "no-disputes", "type": "clause", "offset": [2141, 2152]}, {"key": "written-notice-of-default", "type": "clause", "offset": [2277, 2302]}, {"key": "knowledge-of-the-company", "type": "clause", "offset": [2407, 2431]}, {"key": "other-party", "type": "definition", "offset": [2437, 2448]}, {"key": "breach-or-violation", "type": "clause", "offset": [2484, 2503]}, {"key": "default-under", "type": "clause", "offset": [2514, 2527]}, {"key": "no-event", "type": "clause", "offset": [2559, 2567]}, {"key": "delivery-of-notice", "type": "definition", "offset": [2620, 2638]}, {"key": "passage-of-time", "type": "clause", "offset": [2644, 2659]}, {"key": "the-termination", "type": "clause", "offset": [2733, 2748]}, {"key": "acceleration-of-rent", "type": "clause", "offset": [2766, 2786]}, {"key": "no-security-deposit", "type": "clause", "offset": [2954, 2973]}, {"key": "in-respect-of", "type": "definition", "offset": [3061, 3074]}, {"key": "breach-or-default", "type": "clause", "offset": [3077, 3094]}, {"key": "neither-the-company", "type": "definition", "offset": [3172, 3191]}, {"key": "the-future", "type": "clause", "offset": [3240, 3250]}, {"key": "based-on", "type": "definition", "offset": [3251, 3259]}, {"key": "in-existence", "type": "definition", "offset": [3283, 3295]}, {"key": "brokerage-commissions", "type": "clause", "offset": [3301, 3322]}, {"key": "other-security-interest", "type": "definition", "offset": [3474, 3497]}, {"key": "no-liens", "type": "clause", "offset": [3596, 3604]}, {"key": "created-by", "type": "definition", "offset": [3631, 3641]}, {"key": "any-person", "type": "clause", "offset": [3796, 3806]}], "samples": [{"hash": "hCTCp4HfFzd", "uri": "/contracts/hCTCp4HfFzd#properties", "label": "Merger Agreement (Ares Management LLC)", "score": 31.2039699554, "published": true}, {"hash": "dK5weOWUEm2", "uri": "/contracts/dK5weOWUEm2#properties", "label": "Merger Agreement (Cincinnati Bell Inc)", "score": 31.1957569122, "published": true}, {"hash": "amaVlvwTFeI", "uri": "/contracts/amaVlvwTFeI#properties", "label": "Merger Agreement (Cincinnati Bell Inc)", "score": 31.1957569122, "published": true}], "snippet": "(a) Section 4.15(a) of the Company Disclosure Letter sets forth a true and complete list, as of the date hereof, of all of the real property owned in fee simple by the Company or any of the Company Subsidiaries (the \u201cCompany Owned Real Property\u201d). Except in respects that, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect, either the Company or the Company Subsidiaries: (i) has good and valid fee simple title to all of the Company Owned Real Property, free and clear of all Liens other than Permitted Liens; (ii) is in sole and exclusive possession of the Company Owned Real Property and there are no leases, licenses, occupancy agreements or any other similar arrangement (the \u201cReal Property Leases\u201d) pursuant to which any third party is granted the right to use any Company Owned Real Property, other than Permitted Liens; (iii) has sufficient right of ingress and egress to the Company Owned Real Property in all material respects and enjoys peaceful and quiet possession thereof; and (iv) there are no outstanding options or rights of first offer or refusal to purchase the Company Owned Real Property.\n(b) Section 4.15(b) the Company Disclosure Letter sets forth a true and complete list, as of the date hereof, of all of the real property leased by Company or any of the Company Subsidiaries for which the annual rental value exceeds $5,000,000 pursuant to a Real Property Lease (the \u201cCompany Leased Real Property\u201d and, together with the Company Owned Real Property, the \u201cCompany Real Property\u201d). Except in respects that, individually or in the aggregate, have not had and would not reasonably be expected to have a Company Material Adverse Effect, with respect to the Company Leased Real Property and each Real Property Lease: (i) each Real Property Lease is in full force and effect, and the Company or a Company Subsidiary holds a valid and existing leasehold interest under each Real Property Lease; (ii) the possession and quiet use and enjoyment of the Company Leased Real Property under such Real Property Lease has not been disturbed and there are no disputes with respect to any such Real Property Lease; (iii) none of the Company or any Company Subsidiary has given or received any written notice of default pursuant to any such Real Property Lease; (iv) none of the Company or any Company Subsidiary or, to the Knowledge of the Company, any other party to such Real Property Lease, is in breach or violation of, or in default under, such Real Property Lease, and no event has occurred or circumstance exists which, with the delivery of notice, the passage of time or both, would constitute such a breach, violation or default, or permit the termination, modification or acceleration of rent under such Real Property Lease on the part of the Company or any Company Subsidiary, nor, to the Knowledge of the Company, on the part of the other party thereto; (v) no security deposit or portion thereof deposited with respect to such Real Property Lease has been applied in respect of a breach or default under such Real Property Lease which has not been re-deposited in full; (vi) neither the Company nor any Company Subsidiary owes, or will owe in the future based on arrangements currently in existence, any brokerage commissions or finder\u2019s fees with respect to any Real Property Lease; (vii) none of the Company or any Company Subsidiary has collaterally assigned or granted any other security interest in such Real Property Lease or any interest therein, other than Permitted Liens; (viii) there are no Liens on the estate or interest created by such Real Property Lease, other than Permitted Liens; and (ix) none of the Company or any Company Subsidiary has subleased, licensed or otherwise granted any person the right to use or occupy any Company Leased Real Property or any portion thereof.", "size": 369, "hash": "924ba67ee85e0f0fa30fd45ff20a5284", "id": 1}, {"snippet_links": [{"key": "borrower-and-its-subsidiaries", "type": "clause", "offset": [16, 45]}, {"key": "title-to", "type": "clause", "offset": [55, 63]}, {"key": "leasehold-interests", "type": "definition", "offset": [74, 93]}, {"key": "real-and-personal-property", "type": "clause", "offset": [106, 132]}, {"key": "defects-in-title", "type": "clause", "offset": [176, 192]}, {"key": "ability-to", "type": "clause", "offset": [224, 234]}, {"key": "intended-purposes", "type": "definition", "offset": [319, 336]}, {"key": "intellectual-property-material", "type": "definition", "offset": [471, 501]}, {"key": "by-the-borrower", "type": "clause", "offset": [539, 554]}, {"key": "rights-of", "type": "clause", "offset": [603, 612]}, {"key": "any-other-person", "type": "definition", "offset": [613, 629]}, {"key": "in-the-aggregate", "type": "definition", "offset": [687, 703]}, {"key": "material-adverse-effect", "type": "definition", "offset": [753, 776]}], "samples": [{"hash": "70pL1P72N16", "uri": "/contracts/70pL1P72N16#properties", "label": "Credit Agreement (Nextgen Healthcare, Inc.)", "score": 34.5605735779, "published": true}, {"hash": "eKHkCewTbtw", "uri": "/contracts/eKHkCewTbtw#properties", "label": "Revolving Credit Agreement", "score": 30.3408622742, "published": true}, {"hash": "ckNZeARI5Kg", "uri": "/contracts/ckNZeARI5Kg#properties", "label": "Credit Agreement (Quality Systems, Inc)", "score": 29.2518825531, "published": true}], "snippet": "(a) Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.\n(b) Each of the Borrower and its Subsidiaries owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by the Borrower and its Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.", "size": 313, "hash": "5f3f770bf9091642dae142f134e46786", "id": 2}, {"snippet_links": [{"key": "borrower-and-its-subsidiaries", "type": "clause", "offset": [16, 45]}, {"key": "title-to", "type": "clause", "offset": [70, 78]}, {"key": "leasehold-interests", "type": "definition", "offset": [117, 136]}, {"key": "machinery-and-equipment", "type": "definition", 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[1823, 1844]}, {"key": "real-property-assets", "type": "definition", "offset": [1861, 1881]}, {"key": "assignments-of-leases", "type": "definition", "offset": [1942, 1963]}, {"key": "renewals-or-extensions", "type": "clause", "offset": [2023, 2045]}, {"key": "leasehold-property", "type": "definition", "offset": [2077, 2095]}, {"key": "landlord-or-tenant", "type": "clause", "offset": [2166, 2184]}, {"key": "successor-in-interest", "type": "clause", "offset": [2224, 2245]}, {"key": "sublease-or-assignment", "type": "clause", "offset": [2265, 2287]}, {"key": "as-specified", "type": "clause", "offset": [2296, 2308]}, {"key": "each-agreement", "type": "definition", "offset": [2326, 2340]}, {"key": "in-clause", "type": "clause", "offset": [2348, 2357]}, {"key": "full-force-and-effect", "type": "clause", "offset": [2407, 2428]}, {"key": "neither-the-borrower", "type": "definition", "offset": [2433, 2453]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [2628, 2654]}, {"key": "similar-laws", "type": "definition", "offset": [2902, 2914]}, {"key": "relating-to", "type": "definition", "offset": [2915, 2926]}, {"key": "rights-generally", "type": "clause", "offset": [2950, 2966]}, {"key": "equitable-principles", "type": "definition", "offset": [2973, 2993]}], "samples": [{"hash": "jb8yc2HZGvd", "uri": "/contracts/jb8yc2HZGvd#properties", "label": "Credit and Security Agreement (Audubon West Inc)", "score": 18.0, "published": true}, {"hash": "iPQQRisZM7S", "uri": "/contracts/iPQQRisZM7S#properties", "label": "Credit and Security Agreement (Columbus McKinnon Corp)", "score": 18.0, "published": true}], "snippet": "(a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid, subsisting and enforceable leasehold interests in, all of its Properties material to its business. All machinery and equipment of each of the Borrower and its Subsidiaries is in good operating condition and repair, and all necessary replacements of and repairs thereto have be made so as to preserve and maintain the value and operating efficiency of such machinery and equipment.\n(b) Set forth on SCHEDULE 5.5 hereto is a complete list of all Patents, Trademarks and Copyrights. The Borrower and its Subsidiaries own, or are licensed to use, all Patents, Trademarks and Copyrights and other intellectual property material to their business (collectively, the \"PROPRIETARY RIGHTS\"), and to the knowledge of the Borrower and its Subsidiaries, the use thereof by the Borrower or any of its Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.\n(c) SCHEDULE 5.5 clearly identifies all Patents, Trademarks and Copyrights that have been duly registered in, filed in or issued by the PTO or the United States Register of Copyrights (collectively, the \"REGISTERED PROPRIETARY Rights\"). The Registered Proprietary Rights have been properly maintained and renewed in accordance with all applicable provisions of law and administrative regulations in the United States, as applicable. The Borrower and its Subsidiaries have taken commercially reasonable steps to protect their Registered Proprietary Rights and to maintain the confidentiality of all Proprietary Rights that are not generally in the public domain.\n(d) As of the Closing Date, SCHEDULE 5.5 annexed hereto contains a true, accurate and complete list of (i) all Real Property Assets, whether owned or leased, and (ii) all leases, subleases or assignments of leases (together with all amendments, modifications, supplements, renewals or extensions of any thereof) affecting each Leasehold Property, regardless of whether the Borrower or any of its Subsidiaries is the landlord or tenant (whether directly or as an assignee or successor in interest) under such lease, sublease or assignment. Except as specified in SCHEDULE 5.5, each agreement listed in clause (ii) of the immediately preceding sentence is in full force and effect and neither the Borrower nor any of its Subsidiaries has any knowledge of any default that has occurred and is continuing thereunder, and each such agreement constitutes the legal, valid and binding obligation of the Borrower and each of its Subsidiaries, as applicable, enforceable against the Borrower and each of its Subsidiaries, as applicable, in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally or by equitable principles.", "size": 294, "hash": "0d9212362d25f6ff29a6275278a2872d", "id": 3}, {"snippet_links": [{"key": "title-to", "type": "clause", "offset": [62, 70]}, {"key": "in-the-case", "type": "clause", "offset": [75, 86]}, {"key": "leased-property", "type": "clause", "offset": [90, 105]}, {"key": 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Each of the Company and its Subsidiaries has (i) good and marketable title in fee simple to all Owned Real Property and (ii) good leasehold title to all Leased Real Property, in each case, free and clear of all Liens except Permitted Liens. No parcel of Owned Real Property or Leased Real Property is subject to any governmental decree or order to be sold or is being condemned, expropriated or otherwise taken by any public authority with or without payment of compensation therefor, nor, to the knowledge of the Company, has any such condemnation, expropriation or taking been proposed. All leases of Leased Real Property and all amendments and modifications thereto are in full force and effect, and there exists no default under any such lease by the Company, any of its Subsidiaries or any other party thereto, nor any event which, with notice or lapse of time or both, would constitute a default thereunder by the Company, any of its Subsidiaries or any other party thereto, except as, individually or in the aggregate, has not had and would not reasonably be expected to have a Material Adverse Effect. Assuming all consents, approvals and authorizations listed in Section 4.5 of the Company Disclosure Letter relating to any Leased Real Property have been obtained, all leases of Leased Real Property shall remain valid and binding in accordance with their terms following the Effective Time.\n(c) There are no contractual or legal restrictions that preclude or materially restrict the ability to use any Owned Real Property or, to the knowledge of the Company, Leased Real Property by the Company or any of its Subsidiaries for the current or contemplated use of such real property. To the knowledge of the Company, there are no material latent defects or material adverse physical conditions affecting the Owned Real Property or Leased Real Property. All plants, warehouses, distribution centers, structures and other buildings on the Owned Real Property or Leased Real Property are adequately maintained in all material respects and are in good operating condition and repair for the requirements of the business of the Company and its Subsidiaries as currently conducted.\n(d) Each of the Company and its Subsidiaries has complied with the terms of all leases to which it is a party, and all such leases are in full force and effect, except for any such noncompliance or failure to be in full force and effect that, individually or in the aggregate, has not had and would not reasonably be expected to have a Material Adverse Effect. Each of the Company and its Subsidiaries enjoys peaceful and undisturbed possession under all such leases, except for any such failure to do so that, individually or in the aggregate, has not had and would not reasonably be expected to have a Material Adverse Effect. 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true}, {"hash": "6wXxt9ialcI", "uri": "/contracts/6wXxt9ialcI#properties", "label": "Purchase Agreement (Realty Income Corp)", "score": 29.238193512, "published": true}], "snippet": "Except as otherwise disclosed in the General Disclosure Package and the Prospectus: (i) the Company and its subsidiaries have good and marketable title (either in fee simple or pursuant to a valid leasehold interest) to all properties and assets described in the Statutory Prospectus and the Prospectus as being owned or leased, as the case may be, by them and to all properties reflected in the Company\u2019s most recent consolidated financial statements included in the Statutory Prospectus and the Prospectus, and neither the Company nor any of its subsidiaries has received notice of any claim that has been or may be asserted by anyone adverse to the rights of the Company or any subsidiary with respect to any such properties or assets (or any such lease) or affecting or questioning the rights of the Company or any such subsidiary to the continued ownership, lease, possession or occupancy of such property or assets, except for such claims that would not, singly or in the aggregate, have a Material Adverse Effect; (ii) all liens, charges, encumbrances, claims or restrictions on or affecting the properties and assets of the Company or any of its subsidiaries which are required to be disclosed in the Registration Statement, the Statutory Prospectus or the Prospectus are disclosed therein, and all such liens, charges, encumbrances, claims or restrictions which are not disclosed in the Statutory Prospectus and the Prospectus could not reasonably be expected, singly or in the aggregate, to have a Material Adverse Effect; (iii) no person or entity, including, without limitation, any tenant under any of the leases pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its properties (whether directly or indirectly through other partnerships, limited liability companies, business trusts, joint ventures or otherwise) has an option or right of first refusal or any other right to purchase any of such properties, except for such options, rights of first refusal or other rights to purchase which, individually or in the aggregate, are not material with respect to the Company and its subsidiaries considered as one enterprise; (iv) each of the properties of the Company or any of its subsidiaries has access to public rights of way, either directly or through insured easements, except where the failure to have such access would not, singly or in the aggregate, have a Material Adverse Effect; (v) each of the properties of the Company or any of its subsidiaries is served by all public utilities necessary for the current operations on such property in sufficient quantities for such operations, except where the failure to have such public utilities would not, singly or in the aggregate, have a Material Adverse Effect; (vi) each of the properties of the Company or any of its subsidiaries complies with all applicable codes and zoning and subdivision laws and regulations, except for such failures to comply which would not, either individually or in the aggregate, have a Material Adverse Effect; (vii) all of the leases under which the Company or any of its subsidiaries holds or uses any real property or improvements or any equipment relating to such real property or improvements are in full force and effect, except where the failure to be in full force and effect would not, singly or in the aggregate, have a Material Adverse Effect, and neither the Company nor any of its subsidiaries is in default in the payment of any amounts due under any such leases or in any other default thereunder and the Company knows of no event which, with the passage of time or the giving of notice or both, would constitute a default under any such lease, except such defaults that would not, individually or in the aggregate, have a Material Adverse Effect; (viii) there is no pending or, to the best knowledge of the Company, threatened condemnation, zoning change, or other proceeding or action that could in any manner affect the size of, use of, improvements on, construction on or access to the properties of the Company or any of its subsidiaries, except such proceedings or actions that, either singly or in the aggregate, would not have a Material Adverse Effect; and (ix) neither the Company nor any of its subsidiaries nor any lessee of any of the real property or improvements of the Company or any of its subsidiaries is in default in the payment of any amounts due or in any other default under any of the leases pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its real property or improvements (whether directly or indirectly through partnerships, limited liability companies, joint ventures or otherwise), and the Company knows of no event which, with the passage of time or the giving of notice or both, would constitute 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[["assets", "Assets", "Assets"], ["property", "Property", "Property"], ["real-properties", "Real Properties", "Real <strong>Properties</strong>"], ["the-properties", "The Properties", "The <strong>Properties</strong>"], ["properties-and-leases", "Properties and Leases", "<strong>Properties</strong> and Leases"]], "related_snippets": [], "updated": "2026-06-11T05:32:52+00:00", "also_ask": ["What essential elements must be included in a 'Properties' clause to ensure clear asset identification?", "How can the 'Properties' clause be strategically drafted to maximize client protection in asset disputes?", "What are the most common risks or ambiguities in 'Properties' clauses that could undermine enforceability?", "How does the treatment of 'Properties' clauses differ across key jurisdictions or under different legal systems?", "What standards do courts apply when interpreting or enforcing 'Properties' clauses in litigation?"], "drafting_tip": "Define 'Properties' precisely to avoid ambiguity; specify ownership and usage rights to prevent disputes; list included and excluded items to ensure clarity.", "explanation": "The 'Properties' clause defines the specific assets, items, or rights that are subject to the agreement. It typically lists or describes the properties involved, such as real estate, equipment, intellectual property, or other tangible or intangible assets, and may include identifying details like addresses, serial numbers, or legal descriptions. By clearly specifying what is included or excluded, this clause ensures both parties have a mutual understanding of the subject matter, reducing the risk of disputes over what is covered by the contract."}, "json": true, "cursor": ""}}