Real Properties. The Company does not have an interest in any real property, except for the Leases (as defined below).
Real Properties. Schedule 4.10 hereto describes all real estate owned or leased by Community Bankshares or any of its Subsidiaries, exclusive of "real estate owned" ("REO") acquired as a result of debts previously contracted and held for resale. All such real property, if owned by Community Bankshares or any of its Subsidiaries (the "Real Property"), is owned under good and marketable title, free and clear of all liens, security interests, title defects, pledges, claims, charges mortgages or encumbrances ("Liens"), except statutory Liens securing payments not yet due. Except as set forth in Schedule 4.10: (i) all of the Real Property is free from any zoning Laws and from all special Taxes or assessments, except those generally applicable to other similarly situated properties in the tax districts in which such Real Property is located, (ii) Community Bankshares and each of its Subsidiaries has the exclusive right of possession of each tract comprising its respective Real Property, and (iii) the boundaries of each parcel of such Real Property are contiguous to the rights-of-way of abutting public roads, and there is ingress and egress to and from all of such Real Property. All improvements on such Real Property and the operations therein conducted conform in all material respects to all applicable health, fire, environmental, safety, zoning and building Laws. All buildings, structures, improvements and fixtures owned, leased or used by Community Bankshares or any of its Subsidiaries in the conduct of their respective businesses conform in all material respects (or are otherwise exempt from) all applicable codes and rules adopted by national and local associations and boards of insurance underwriters; and all such buildings, structures, improvements and fixtures are in satisfactory operating condition and repair.
Real Properties. (i) MailKey and the Subsidiaries have good and marketable title to, and valid leasehold interests in, all of the properties and leasehold interests identified on SCHEDULE 4.1(F)(I) hereto pursuant to the true, correct and complete copies of the lease agreements attached to SCHEDULE 4.1(F)(I). MailKey and the Subsidiaries own or lease no other real estate. None of the leasehold interests held by MailKey or the Subsidiaries is subject to any Encumbrance, except (a) liens for ad valorem taxes not yet due or being contested in good faith; and (b) contractual or statutory mechanics or materialmen's liens or other statutory or common law Encumbrances relating to obligations of MailKey that are not delinquent or are being contested in good faith. There are no Encumbrances which materially interfere with the present use of such leasehold interests.
Real Properties. United has Previously Disclosed to FNB a listing of all real property owned or leased by United or any subsidiary (the “Real Property”) and all leases pertaining to any such Real Property to which United or any subsidiary is a party (the “Real Property Leases”). With respect to all Real Property, United or any subsidiary has good and marketable fee simple title to, or a valid and subsisting leasehold interest in, such Real Property and owns the same free and clear of all mortgages, liens, leases, encumbrances, title defects and exceptions to title other than (i) the lien of current taxes not yet due and payable, and (ii) such imperfections of title and restrictions, covenants and easements (including utility easements) which do not materially affect the value of the Real Property and which do not and will not materially detract from, interfere with or restrict the present or future use of the properties subject thereto or affected thereby. With respect to each Real Property Lease (i) such lease is valid and enforceable in accordance with its terms, (ii) there currently exists no circumstance or condition which constitutes an event of default by United or any subsidiary (as lessor or lessee) or its respective lessor or which, with the passage of time or the giving of required notices will or could constitute such an event of default, and (iii) subject to any required consent of United’s lessor, each such Real Property Lease may be assigned to FNB and the execution and delivery of this Agreement does not constitute an event of default thereunder. To the best knowledge and belief of management of United, the Real Property complies with all applicable federal, state and local laws, regulations, ordinances or orders of any governmental authority, including those relating to zoning, building and use permits, except for such noncompliance as does not or would not have a Material Adverse Effect on United and its subsidiaries, and the Real Property may be used under applicable zoning ordinances for commercial banking facilities as a matter of right rather than as a conditional or nonconforming use. All improvements and fixtures included in or on the Real Property are in good condition and repair, ordinary wear and tear excepted, and there does not exist any condition which materially adversely affects the economic value thereof or materially adversely interferes (or will interfere after the Merger) with the contemplated use thereof.
Real Properties. (a) Seller has delivered to Purchaser true and complete copies of the Leases, together with all amendments thereto. To the best of Seller's knowledge, each applicable owner of the Real Properties has good record and marketable title in fee simple to such real property free and clear of all Liens except as set forth in Schedule 2.9(a). Seller has no knowledge or information of any facts, circumstances or conditions which do or would in any way adversely affect the Real Properties or the operation thereof or business thereon as presently conducted or as intended to be conducted. At or prior to Closing, Seller shall cause to be discharged of record all Liens against Seller or Seller's interest affecting the Real Properties. Each Lease is valid and binding in full force and effect and enforceable in accordance with its terms. There are no existing defaults or offsets which any of the applicable landlords has against the enforcement of its Lease by the Seller and neither Seller nor such landlord is in default under the applicable Lease, nor have any events under any such Lease occurred which, with the giving of notice or passage of time or both, would constitute a default thereunder by either party thereto.
Real Properties. (i) Sellers and each of the Company and its Subsidiaries have provided to Buyer true, correct and complete copies of all ownership documents and leases related to Real Property of, or used by, each of the Company and its Subsidiaries . There are no agreements, options, contracts or commitments to sell, transfer or otherwise dispose of the Real Property or that would be affected by a change of control of each of the Company and its Subsidiaries. There are no leases, tenancies, licenses or other rights of occupancy or use for any portion of the Real Property by any other Person, and no Person other than each of the Company and its Subsidiaries occupies or uses any portion of the Real Property.
Real Properties. Except as disclosed pursuant to this Agreement, CTCI has good and marketable fee simple title to all of the real properties owned by it, including without limitation those reflected in the CTCI Financials, free and clear of any liens or encumbrances except for current local property taxes not yet payable and any utility or other easements that do not and will not affect operations upon or about such real properties or the economic value or marketability thereof.
Real Properties. The Schedule of Exceptions sets forth each lease or other agreement (including easements) under which the Company leases or has rights in any real property (the "REAL PROPERTY LEASES," and, each individually, a "REAL PROPERTY LEASE"). The Company has a valid and subsisting leasehold interest in all the real property which is the subject of each Real Property Lease. The Company does not presently own, and has never owned, any real property and does not presently operate, and has never operated, any real property, other than as a lessee.
Real Properties. (i) Boxing does not own or lease any real estate. CKP currently leases real property at those locations identified on Schedule 4.1(f)(i) hereto. CKP does not own or lease any other real estate. None of the leasehold interests held by CKP is subject to any Encumbrance, except (a) liens for ad valorem taxes not yet due or being contested in good faith; and (b) contractual or statutory mechanics or materialmen's liens or other statutory or common law Encumbrances relating to obligations of CKP that are not delinquent or are being contested in good faith. There are no Encumbrances which materially interfere with the present use of such leasehold interests.