Real Properties. The Company does not have an interest in any real property, except for the Leases (as defined below).
Real Properties. Anson has Previously Disclosed to Uwharrie a listing of all real property owned by Anson or the Bank and which are being used or held for future use in connection with their respective businesses (the "Real Property") and all other real estate owned by Anson or the Bank (including without limitation all foreclosed properties owned by the Bank) (the "OREO"). Anson or the Bank, as the case may be, have good and marketable fee simple title to all such Real Property and OREO 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 affect materially the value of the Real Property or OREO 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. To the best of the knowledge and belief of management of Anson, the Real Property and OREO complies in all material respects 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, 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 interferes with Anson's (or will interfere with Uwharrie's) use or materially affects the economic value thereof. Anson is not a party to any real property lease, whether as lessor or lessee.
Real Properties. (a) Neither the Company nor any of its Subsidiaries owns any real property. (b) Section 4.16(b)(i) of the Company Disclosure Letter sets forth a true, correct and complete list of all of the real property leased, subleased, or otherwise occupied by the Company or any of its Subsidiaries (the “Property”), including the address of such Property, and identifying the applicable Contract (each such lease, a “Property Contract,” and the Property Contracts set forth in Section 4.16(b)(ii) of the Company Disclosure Letter shall be “Leased Properties”). The Company and each of its Subsidiaries, as applicable, have good, valid and marketable leasehold interests in all of the Leased Property. To the Knowledge of the Company, as of the date of this Agreement, there are no existing defaults by the landlord or tenant under any of the Property Contracts with respect to the Leased Properties, which defaults remain uncured, and no event which, with notice or lapse of time or both, would become a default by the Company or its Subsidiary, as applicable, or, to the Knowledge of the Company, the counterparties thereto. Each of the Company and its Subsidiaries is in compliance with the terms of all real property leases to which it is a party, and all such real property 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 Company Material Adverse Effect. Each of the Company and its Subsidiaries enjoys peaceful and undisturbed possession under all such real property 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 Company Material Adverse Effect. To the Knowledge of the Company, no fact or condition exists or is threatened that would result in the discontinuation of necessary utilities or services to the Leased Property or the termination of current access to and from the Leased Property. To the Knowledge of the Company, no portion of the Leased Property has been condemned, requisitioned or otherwise taken by any public authority and there is no pending, or, to the Knowledge of the Company, threatened or contemplated condemnation actions or special assessments with respect to the Leased Property. The Company has made available to Parent and Purchaser true, correct and complete copies of all of the Property Contracts with respect t...
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. Except as disclosed pursuant to this Agreement, APCI has good and marketable fee simple title to all of the real properties owned by it, including without limitation those reflected in the APCI 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. SCHEDULE 2.10 hereto describes all real estate owned or leased by Unifirst, exclusive of "other real estate owned" ("OREO") acquired by Unifirst as a result of foreclosure or "deed in lieu" settlements and held by Unifirst for resale. All such real property, if owned by Unifirst, is owned under good, clear and marketable title, free and clear of all claims, liens, charges, security interests or encumbrances of any nature whatsoever except (i) statutory liens securing payments not yet due, (ii) liens which are incurred in the ordinary course of its business, (iii) such imperfections or irregularities of title, claims, liens, charges, security interests or encumbrances as do not materially impair business operations at such property and (iv) as may be set forth in the relevant declaration of condominium. Unifirst is the lessee of all leasehold estates described in SCHEDULE 2.10 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 Unifirst's knowledge, the lessor. True and complete copies of all leases listed in SCHEDULE 2.10 have been delivered by Unifirst to RSFC. The execution of this Agreement and the consummation of the Merger will not constitute a default under or result in the acceleration or termination of any such lease or violate the provisions of any such declaration of condominium.
Real Properties. (a) Schedule 3.18 lists and correctly describes in all material respects: (i) all real properties owned by the Company and, for each of those properties, the address thereof and the use thereof in the business of the Company, and (ii) all real properties of which the Company is the lessee and, for each of those properties, the address thereof and the lease (including its expiration date and any renewal options) relating thereto. (b) The Company has provided Buyer with true, complete and correct copies of all title reports and insurance policies owned or in the possession of the Company and relating to any of the real properties listed as being owned in Schedule 3.18. Except as set forth in Schedule 3.18 or those reports and policies, and except for Permitted Liens, the Company owns in fee, and has good, valid and marketable title to, free and clear of all Liens, each property listed in Schedule 3.18 as being owned. (c) The Company has provided Buyer with true, correct and complete copies of all leases under which the Company is leasing each of the properties listed in Schedule 3.18 as being leased and, except as set forth in Schedule 3.18, (i) each of those leases is in full force and effect and there exists no (x) default or event of default by the Company or, to the knowledge of the Shareholder, any other party to any such lease with respect to any material term or provision of any such lease or (y) event, occurrence, condition or act (including the consummation of the transactions contemplated hereby) which, with the giving of notice, the lapse of time or the happening of any other event or condition, would become a default or event of default by the Company or, to the knowledge of the Shareholder, any other party thereto, with respect to any material term or provision of any such lease, and (ii) the lessee party thereto has not sublet any of the leased space to any Person other than the Company. (d) The fixed assets of the Company are affixed only to one or more of the real properties listed in Schedule 3.18 and, except as set forth in Schedule 3.18, are maintained in accordance with reasonable commercial operating practices and are adequate for the purposes for which they presently are being used or held for use, ordinary wear and tear excepted.
Real Properties. All Real Property owned or leased by --------------- each Credit Party as of the Initial Borrowing Date, and the nature of the interest therein, is correctly set forth in Annex V. Each Credit Party has good and marketable title to, or a validly subsisting leasehold interest in, all properties owned or leased by it, including all Real Property reflected in Annex V or in the financial statements referred to in Section 6.10(b), free and clear of all Liens, other than Liens permitted by Section 8.03.