Real Property and Leaseholds Sample Clauses

Real Property and Leaseholds. 5.22.1. The Company owns all material parcels of real property currently indicated as owned in fee by the Company on the Financial Statements (the "OWNED REAL ESTATE"). The Company holds marketable and legal title to each of the real properties constituting Owned Real Estate, free and clear of all Encumbrances, except for Permitted Encumbrances, and except for Encumbrances the existence of which would not have a Material Adverse Effect.
AutoNDA by SimpleDocs
Real Property and Leaseholds. 3.12.1 Schedule 3.12.1 identifies all parcels of real property owned in fee by the Company or its Subsidiaries as of the date hereof (collectively, the "COMPANY OWNED REAL ESTATE"). The Company or the applicable Subsidiary owns each of the real properties constituting Company Owned Real Estate with good, marketable and insurable fee title, free and clear of all Encumbrances, except for (i) Encumbrances disclosed in the Company Schedules, (ii) liens for taxes, assessments or governmental charges or levies that are not material in amount relative to the property affected, or that are not yet delinquent or are being contested in good faith by appropriate proceedings, during which collection or enforcement is stayed, so long as adequate security has been posted for the payment of such amounts, (iii) any Encumbrance or imperfection of title that does not materially impair the ownership, occupancy or use of the Company Owned Real Estate or Company Leased Real Estate for the purposes for which it is currently owned, occupied or used in connection with the Business, and, (iv) with respect to the Company Leased Real Estate, any Encumbrances placed upon such property by the owner thereof and the provisions of the leases thereof (the items in clauses (i), (ii), (iii) and (iv) above being referred to herein collectively as "REAL PROPERTY PERMITTED ENCUMBRANCES"); provided, however, that no Real Property Permitted Encumbrances may materially interfere with access to or use of such Company Owned Real Estate as the same is presently being used or occupied. Except for the Real Property Permitted Encumbrances and as otherwise set forth in Schedule 3.12.1, none of the Company Owned Real Estate is subject to any right or option of any other Person to purchase or lease or otherwise obtain title to, or an interest in, such Company Owned Real Estate, and no Person other than the Company or its Subsidiaries has any right to occupy or lease any of the Company Owned Real Estate.
Real Property and Leaseholds. (a) To the Knowledge of the Company, each lease agreement and mortgage to which the Company or any Subsidiary is a party is in full force and effect in accordance with its terms.
Real Property and Leaseholds. Except as set forth in Schedule 4.5:
Real Property and Leaseholds. There is listed on the Disclosure Schedule a description of each parcel of real property owned by or leased to the Company or any Subsidiary and used in the Business, including, without limitation, the Affiliated Real Estate (the "Real Property") and a description of each lease of real property used in the Business under which the Company or any Subsidiary is a lessee, lessor, sublessee or sublessor. The Disclosure Schedule also lists each parcel of real estate previously owned or occupied by the Company or any Subsidiary (or any predecessor). Except as indicated in the Disclosure Schedule:
Real Property and Leaseholds. 6.12.1. Section 6.12.1 of the Company Disclosure Letter lists -------------- and identifies all parcels of real property currently owned in fee by the Company (the "Owned Real Estate"). The Company holds, and at the Recap Closing ----------------- Company Sub will (subject to Section 2.3 hereof) hold, marketable and legal ----------- title to each of the real properties constituting Owned Real Estate, free and clear of all Encumbrances, except for Permitted Encumbrances.
Real Property and Leaseholds. (a) Each lease agreement and mortgage to which the Company or any of its Subsidiaries is a party is in full force and effect in accordance with its terms. Neither the Company, any of its Subsidiaries nor any of the other parties to such lease agreements and mortgages are in default (or by the lapse of time and/or giving of notice would otherwise be in default) in respect of such leases and mortgages.
AutoNDA by SimpleDocs
Real Property and Leaseholds. (a) Schedule. Schedule 5.14 sets forth a correct and complete list and legal description of all Real Property and all Leaseholds in which the Company has an interest and its location. The Company has good, marketable and insurable title, in fee simple, to the Real Property, subject to Permitted Liens. Except as set forth in Schedule 5.14, none of the Real Property is subject to any lease or sublease. The Company has a valid leasehold interest in each of the Leaseholds. Except as set forth on Schedule 5.14(a), each of the Leaseholds is the subject of a written lease agreement, and to the Knowledge of the Sellers, there are no oral terms inconsistent with the
Real Property and Leaseholds. No Acquired Entity holds any Owned Real Estate or Leased Real Estate except as set forth on Schedule 4.7. [DualStar to confirm.]
Real Property and Leaseholds. (a) SCHEDULE 5.24 lists and identifies all material parcels of real property currently owned in fee by the Company (the "Owned Real Estate"). The Company holds marketable and legal title to each of the real properties constituting Owned Real Estate, free and clear of all Encumbrances, except for Permitted Encumbrances.
Time is Money Join Law Insider Premium to draft better contracts faster.