Real Estate and Leases. There is set forth in the Disclosure Schedule a brief description of all real estate (including buildings and improvements) owned by Seller according to the character of the property and the location thereof, together with a legal description of such real estate. Seller has good and marketable title to such owned real estate in fee simple free and clear of any encumbrances whatsoever except as set forth on the Disclosure Schedule or the lien of current taxes not yet due and payable. There is also set forth in the Disclosure Schedule a brief description (including in each case the monthly rental payable, the expiration date, a brief description of the property covered and the name of the lessor, including for each lessor in which Seller has, directly or indirectly, any beneficial interest, the name and extent of such interest and name thereof) of every lease or agreement (written or oral) under which Seller is lessee of, or holds or operates, any property, real or personal, owned by any third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. Neither Seller nor any other party thereto is in default under any such lease or agreement nor has any event occurred which with the passage of time or giving of notice would constitute such a default or permit termination, modification, or acceleration thereunder. There are no disputes, oral agreements, or forbearance programs in effect as to any lease. To Seller's and Shareholders' knowledge, the real property and the buildings thereon owned or utilized by Seller in the conduct of the Business do not violate any present building, zoning or other laws or ordinances, or any agreements applicable thereto, and no notice of any such violation has been received by Seller (it being understood that Seller is not assuming additional responsibility other than obligations for which it otherwise would have been liable). Such real estate and improvements presently are, and at Closing will be, structurally sound to Seller's knowledge, in operating condition and repair (ordinary wear and tear excepted), and have been duly maintained in accordance with normal industry practice and applicable laws, rules, and regulations (it being understood that Seller is not assuming additional responsibility other than obligations for which it otherwise would have been liable).
Real Estate and Leases. Schedule 2.17 contains a list of all real property owned by the Seller relating to the Project or in which the Project has a leasehold or other interest (whether as landlord, tenant or otherwise) and of any lien, charge or encumbrance thereupon. Such Schedule also contains a substantially accurate description identifying all such real property and the significant rental terms (including rents, termination dates and renewal conditions). The improvements upon such properties and use thereof by the Project conform to all applicable lease restrictions, zoning and other local ordinances.
Real Estate and Leases. INTENTIONALLY OMITTED.
Real Estate and Leases. (a) Set forth in Section 2.16 of the Telepanel Disclosure Letter is a brief description of every parcel of real estate owned by Telepanel or any Telepanel Subsidiary (including, in each case, a description of the improvements and uses, the annual taxes payable and depreciation reserve of any improvements), and lease agreements (including, in each case, the annual rental payable and the expiration date, the cost and depreciation reserve of any leasehold improvements and a brief description of the property covered) under which Telepanel or any of the Telepanel Subsidiaries is lessee of, or holds or operates, any real estate owned by any third party. Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. Neither Telepanel nor any Telepanel Subsidiary is in default under any such lease or agreement, nor, is any other party to any such lease or agreement in default thereunder, and no event has occurred, or is alleged to have occurred, which constitutes, or with lapse of time or giving of notice or both would constitute, a default by any party to any such lease or agreement, or a basis for a claim of force majeure or other claim of excusable delay or non-performance thereunder other than with respect to any default, event or claim which, individually or in the aggregate, would not have any Material Adverse Effect on Telepanel.
Real Estate and Leases. Set forth in Schedule 5.13 attached hereto is a list of every parcel of real estate owned by Pharmathene or a Pharmathene Subsidiary and a list of each lease agreement under which Pharmathene or any of the Pharmathene Subsidiaries is lessee of, or holds or operates, any real estate owned by any third party (collectively hereinafter referred to as the “Pharmathene Real Properties”). Pharmathene or a Pharmathene Subsidiary has good and marketable title to the properties owned by Pharmathene or a Pharmathene Subsidiary set forth on Schedule 5.13 and all fixtures thereon in fee simple absolute, subject to no Liens. There is no option or right held by any third party to purchase any such properties or any part thereof, or any of the fixtures and equipment thereon. All buildings, driveways and other improvements on such properties, respectively, are within its boundary lines, and no improvements on adjoining properties extend across the boundary lines onto such properties. Each lease agreement described in Schedule 5.13 is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. Neither Pharmathene nor any Pharmathene Subsidiary is in a default under any such lease agreement, nor to the knowledge of Pharmathene is any other party to any such lease agreement in default thereunder, and no event has occurred, or is alleged to have occurred, which constitutes, or with lapse of time or giving of notice or both would constitute, a default by any party to any such lease agreement or a basis for a claim of force majeure or other claim of excusable delay or non-performance thereunder, other than with respect to any default, event or claim which, individually or in the aggregate, would not have any Material Adverse Effect.
Real Estate and Leases. TST does not own, and has not ever owned, any real estate. Schedule 4.11 sets forth a description of all real estate (including buildings and improvements) leased by TST (the “Leased Facilities”) according to the character of the property and the location thereof; and a brief description (including in each case the annual rent payable, the expiration date, a brief description of the property covered and the name of the lessor) of every lease or agreement (written or oral) under which TST is lessee of, or holds or operates, any such Leased Facility (each a “Facility Lease”). Each Facility Lease is in full force and effect and constitutes a legal, valid and binding obligation of the respective parties thereto. Neither TST nor, to Gemtron’s Knowledge, any other party thereto is in default in any material respect under a Facility Lease nor has any event occurred which with the passage of time or giving of notice or both would constitute such a default. Except as disclosed on Schedule 4.11, the Leased Facilities do not violate any building, zoning or other Laws, or any Contracts, applicable thereto, and no notice of any such violation or claimed violation has been received by TST. Except as disclosed on Schedule 4.11, no modifications, alterations, improvements or installations to a Leased Facility have been made which would permit the landlord to require material expenditures by the tenant to place such Leased Facility in conformance with requirements arising under or upon expiration or termination of the Facility Lease therefor.
Real Estate and Leases. Schedule 2.18 contains a list of all real property owned by the Company or in which the Company has a leasehold or other interest (whether as landlord, tenant or otherwise) and of any lien, charge or encumbrance thereupon. Such Schedule also contains a substantially accurate description identifying all such real property and the significant rental terms (including rents, termination dates and renewal conditions). N/A There is no real property owned by VPS, LLC
Real Estate and Leases. 158. The Seller warrants and represents that any and all lease, ground purchase agreements and other similar contracts related to the Power Plant and/or the Company (i) have been disclosed to the Purchaser in Annexe B hereof, and (ii) are valid and enforcable.
Real Estate and Leases. There is disclosed in Schedule 4.12 a description of all real estate (including buildings and improvements) owned or leased by the Corporation according to the character of the property and the location thereof. SCHEDULE 4.12 also includes a brief description (including in each case the annual rental payable, the expiration date, a brief description of the property covered and the name of the
Real Estate and Leases. Other than the Real Estate and the Bedford, Massachusetts facility leased by Buyer to the Company pursuant to a Sublease Agreement dated as of December 29, 1999 (the "Bedford Sublease"), Company does not own or lease any real estate.
