Common use of Real Property and Leases Clause in Contracts

Real Property and Leases. The Company does not own any real property. Attached hereto as Schedule 1.11(A) are true and correct copies of every lease or agreement under which the Company is lessee or sublessee of, or holds or operates, any real property owned by any third party. To the knowledge of the Stockholders, each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the Company and, to the knowledge of the Stockholders, the other parties thereto. To the knowledge of the Stockholders, the Company is not in default in any material respect under any such lease or agreement nor has any event occurred which, with the passage of time or giving of notice or both, would constitute such a default nor will the Company take any action or fail to take required action between the date hereof and the Closing Date which would permit any such default or event to occur. None of such leases and agreements requires the consent of any party thereto to the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Provident American Corp)

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Real Property and Leases. The Company does not own any real property. Attached hereto as Schedule 1.11(A2.13(A) are true and correct copies of every lease or agreement under which the Company is lessee or sublessee of, or holds or operates, any real property owned by any third party. To the knowledge of the Stockholders, each Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the Company and, to the knowledge Knowledge of the Stockholderseach Shareholder, the other parties thereto. To the knowledge of the Stockholders, the The Company is not in default in any material respect under any such lease or agreement nor has any event occurred which, which with the passage of time or giving of notice or both, would constitute such a default nor will the Company take any action or fail to take required action between the date hereof and the Closing Date which would permit any such default or event to occur. None Except as set forth on Schedule 2.13(B) hereto, none of such leases and agreements requires the consent of any party thereto in order to undertake or consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Computone Corporation)

Real Property and Leases. The Company does not own any real property. Attached hereto as Schedule 1.11(A2.13(A) are true and correct copies of every lease or agreement under which the Company is lessee or sublessee of, or holds or operates, any real property owned by any third party. To the knowledge of the Stockholders, each Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the Company and, to the knowledge Knowledge of the StockholdersPartnership, the other parties thereto. To the knowledge of the Stockholders, the The Company is not in default in any material respect under any such lease or agreement nor has any event occurred which, which with the passage of time or giving of notice or both, would constitute such a default nor will the Company take any action or fail to take required action between the date hereof and the Closing Date which would permit any such default or event to occur. None Except as set forth on Schedule 2.13(B) hereto, none of such leases and agreements requires the consent of any party thereto in order to undertake or consummate the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Donegal Group Inc)

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Real Property and Leases. The Company does not own any real property. Attached hereto as Schedule 1.11(A) 1.9 are true true, correct and correct complete copies of every lease or agreement under which the Company is lessee or sublessee of, or holds or operates, any real property or personal property owned by any third party. To the knowledge of the Stockholders, each Each of such leases and agreements is in full force and effect and constitutes a legal, valid and binding obligation of the Company and, to the knowledge best of the StockholdersStockholder's knowledge, after due inquiry of the Company's Senior Officers, the other parties thereto. To the knowledge of the Stockholders, the The Company is not in default in any material Material respect under any such lease or agreement nor nor, to the best of the Stockholder's knowledge has any event occurred which, which with the passage of time or giving of notice or both, both would constitute such a default nor will the Company take any action or fail to take required action between the date hereof and the Closing Date which would permit any such default or event to occurdefault. None Except as set forth on Schedule 1.9, none of such leases and or agreements requires the consent of any party thereto to the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vermont Pure Holdings LTD)

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