Common use of Real Property and Improvements Clause in Contracts

Real Property and Improvements. Schedule 3.07 contains a list of all interests in real property leased by Seller (the "Real Property"). Seller does not own any real property. The uses for which the buildings, facilities, and other improvements located on the Real Property (the "Improvements") are zoned do not materially restrict, or in any manner materially impair, the use of the Improvements for purposes of the businesses of Seller as conducted on the date of this Agreement. The Seller is the lessee of each of the leasehold estates set forth in Schedule 3.07 as being leased by it, and except as set forth in Schedule 3.07, is in possession of each of the premises purported to be so leased. Each such lease pursuant to which such leasehold estate is granted is valid and without any material default thereunder by Seller, or, to the knowledge of Seller, the landlord. Except as set forth in Schedule 3.07, there are no pending or, to the knowledge of Seller, threatened, condemnation, eminent domain or similar proceeding with respect to the Real Property or the Improvements and no special taxes or assessments relating to any part of the Real Property, and no public improvements that may result in a special tax or assessment against any part of the Real Property, are proposed, in progress or completed. To the knowledge of Seller, there are no structural defects in the buildings and other improvements situated on the real property owned or leased by Seller, and all such facilities are in all material respects in good condition and working order (reasonable wear and tear excepted) and adequate for the operation of Seller's business as currently conducted.

Real Property and Improvements. Schedule 3.07 contains a list of all real property and interests in real property owned or leased by Seller (the "Real Property"). Except as set forth in Schedule 3.07, Seller does not own has good and clear record and marketable title in fee simple to the Real Property set forth in Schedule 3.07 as being owned by it, in each case free and clear of all Encumbrances, other than Permitted Encumbrances and any real propertyEncumbrances described in or incorporated by reference into Schedule 3.07. The uses for which the buildings, facilities, and other improvements located on the Real Property (the "Improvements") are zoned do not materially restrict, or in any manner materially impair, the use of the Improvements for purposes of the businesses of Seller as conducted on the date of this Agreement. The Seller is are the lessee of each of the leasehold estates set forth in Schedule 3.07 as being leased by it, and except as set forth in Schedule 3.07, is in possession of each of the premises purported to be so leased. Each such lease pursuant to which such leasehold estate is granted is valid and without any material default thereunder by Seller, or, to the knowledge of Seller, the landlord. Except as set forth in Schedule 3.07, there are no pending or, to the knowledge of Seller, threatened, condemnation, eminent domain or similar proceeding with respect to the Real Property or the Improvements and no special taxes or assessments relating to any part of the Real Property, and no public improvements that may result in a special tax or assessment against any part of the Real Property, are proposed, in progress or completed. To the knowledge of Seller, there are no structural defects in the buildings and other improvements situated on the real property owned or leased by Seller, and all such facilities are in all material respects in good condition and working order (reasonable wear and tear excepted) and adequate for the operation of Seller's business as currently conducted.