Common use of Real Property Leases Clause in Contracts

Real Property Leases. Except for ordinary leases for office space disclosed in the SEC Documents (the “Borrower Leases”), no Borrower leases any other Real Property. With respect to each of the Borrower Leases: (i) each Borrower has been in peaceful possession of the property leased thereunder and neither Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any Borrower under any of such Borrower Leases have been fully, timely and properly performed. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 2 contracts

Samples: Credit Agreement (M Line Holdings Inc), Credit Agreement (Wild Craze, Inc.)

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Real Property Leases. Except for ordinary the leases for office space disclosed described in the SEC Documents Schedule 7.17(b) (the “Borrower Leases”), no Borrower leases does not lease any other Real Property. With respect to each of the Borrower Leases: (i) each the Borrower has been in peaceful possession of the property leased thereunder and neither Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any the Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any the Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has not violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any Borrower under any of such Borrower Leases have been fully, timely and properly performed. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has not received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 2 contracts

Samples: Credit Agreement (Jammin Java Corp.), Credit Agreement (Wowio, Inc.)

Real Property Leases. Except for ordinary leases for office space disclosed No Seller owns or, except as set forth in Section 2.18 of the SEC Documents Disclosure Schedule, has ever owned any Real Property, nor is any Seller party to any agreement to purchase any Real Property. Section 2.18 of the Disclosure Schedule sets forth a true, correct and complete list of all Real Property and interests in Real Property leased, subleased or licensed by any Seller as lessor, lessee, sublessor, sublessee, licensor or licensee (such leases, subleases, licenses and sublicenses required to be set forth, the “Borrower Leases”), no Borrower leases any other Real Property. With respect to each of the Borrower Leases: The description in Schedule 2.18 shall include (i) the address of each Borrower has been in peaceful possession parcel of the property leased thereunder and neither Borrower nor the landlord is in default thereunderReal Property; (ii) no waiver, indulgence or postponement the use of any of the obligations thereunder has been granted by any Borrower or landlord thereundereach leased Real Property; and (iii) a true, complete and correct list of all leases, subleases, licenses or other occupancy agreements and any assignments, amendments, modifications, side letters, estoppels, consents and other agreements relating thereto. True, correct and complete copies of the Leases have been made available to the Purchaser by the Sellers. The Sellers are currently in possession of the leased Real Property, and no sublease, license or other right of occupancy of or use by a third party affects any of the premises subject to the Leases. All of the Leases are valid, binding and in full force and effect. Sellers have valid leasehold interests in all the Leases free and clear of any and all Liens, except for Permitted Liens, and there exists no default or event, occurrence, condition or act known to any Borrower which, upon notice or with the giving of notice, the lapse of time or boththe happening of any further event or condition, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any Borrower under any of such Borrower the Leases have been fullyon the part of any Seller or, timely and properly performed. Each Borrower has delivered to the Lender trueKnowledge of the Sellers, correct and complete copies any other party thereto. Except as set forth in Section 2.18 of all Borrower Leasesthe Disclosure Schedule, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has received any written or oral notice to the effect that any Knowledge of the Borrower Leases will not be renewed at Sellers, the termination premises that are the subject of the term of such Borrower Leases, or that Leases are in good operating condition (ordinary wear and tear excepted) and are adequate for the Borrower Leases will be renewed only at higher rentspurposes for which they are being used.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Lowell Farms Inc.), Asset Purchase Agreement

Real Property Leases. Except for ordinary office leases for office space disclosed described in the SEC Documents (the “Borrower Leases”), no Borrower leases any other Real Property. With respect to each of the Borrower Leases: (i) each Borrower has been in peaceful possession of the property leased thereunder and neither Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any Borrower under any of such Borrower Leases have been fully, timely and properly performed. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 2 contracts

Samples: Credit Agreement (Hangover Joe's Holding Corp), Credit Agreement (T.O Entertainment, Inc.)

Real Property Leases. Except for ordinary leases for office space Section 3.25 of Sellers' Disclosure Schedule lists all of the Real Property Leases, together with a brief description of each of the leased premises, the term of each Real Property Lease, the rental payments thereunder, any rights of renewal and the term thereof and any restrictions on assignment concerning the Companies and the Subsidiaries. Neither the Companies nor any of the Subsidiaries is a party to, or under any agreement or option to become a party to, any lease with respect to real property used or to be used in the Business, other than the Real Property Leases. Each Real Property Lease is in good standing, creates a good and valid leasehold estate in the Leased Property thereby demised and is in full force and effect without amendment thereto, except as otherwise disclosed in Section 3.25 of the SEC Documents (the “Borrower Leases”), no Borrower leases any other Real PropertySellers' Disclosure Schedule. With respect to each of the Borrower Leases: Real Property Lease (i) each Borrower has all rents and additional rents due thereunder have been in peaceful possession of paid; (ii) neither the property leased thereunder and neither Borrower lessor nor the landlord lessee is in material default thereunder; (iiiii) no waiver, indulgence or postponement of any of the lessee's obligations thereunder has been granted by any Borrower or landlord thereunderthe lessor; and (iiiiv) there exists no event of default or event, occurrence, condition or act known to any Borrower (including, without limitation, the purchase of the Shares) which, upon notice or with the giving of notice, the lapse of time or boththe happening of any other event or condition, would be or could become a default thereunder or which could result in under any such Real Property Leases; (v) neither the termination Companies nor any of the Borrower Leases, or Subsidiaries has violated any of them, the terms or have a Material Adverse Effect. No Borrower has violated nor breached any provision of conditions under any such Borrower Leases, Real Property Leases in any material respect; and (vi) all obligations required of the covenants to be performed by any Borrower other party under any of such Borrower Real Property Leases have been fully, timely and properly fully performed. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 1 contract

Samples: Share Purchase Agreement (Woodhead Industries Inc)

Real Property Leases. Except for ordinary office leases for office space disclosed described in the SEC OTC Documents (the “Borrower Leases”), no Borrower leases does not lease any other Real Property. With respect to each of the Borrower Leases: (i) each Borrower has been in peaceful possession of the property leased thereunder and neither Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has not violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any Borrower under any of such Borrower Leases have been fully, timely and properly performed. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has not received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 1 contract

Samples: Security Agreement (THEDIRECTORY.COM, Inc.)

Real Property Leases. Except for ordinary office leases for office space disclosed described in the SEC Documents (the “Borrower Leases”), no Borrower leases any other Real Property. With respect to each of the Borrower Leases: (i) each Borrower has been in peaceful possession of the property leased thereunder and to Borrowers’ knowledge, neither Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has violated nor breached any material provision of any such Borrower Leases, and all material obligations required to be performed by any Borrower under any of such Borrower Leases have been fully, timely and properly performed. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 1 contract

Samples: Credit Agreement (Blue Earth, Inc.)

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Real Property Leases. Except for ordinary leases for office space and clinics from which Borrowers operate their business as disclosed in the SEC Documents (the “Borrower Leases”), no Borrower leases any other Real Property. With respect to each of the Borrower Leases: (i) each Borrower has been in peaceful possession of the property leased thereunder and neither Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any Borrower under any of such Borrower Leases have been fully, timely and properly performed. Each Upon request by Lender, each Borrower has delivered will deliver to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 1 contract

Samples: Credit Agreement (Dr. Tattoff, Inc.)

Real Property Leases. Except for ordinary leases for office space disclosed in the SEC Documents (the “Borrower Leases”), no Borrower leases any other Real Property. With respect to each of the Borrower Leases: (i) each Borrower has been in peaceful possession of the property leased thereunder and neither Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any Borrower under any of such Borrower Leases have been fully, timely and properly performed. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 1 contract

Samples: Credit Agreement (Petron Energy II, Inc.)

Real Property Leases. Except for ordinary office leases for office space disclosed described in the SEC Documents (the “Borrower Leases”), no Borrower leases does not lease any other Real Property. With respect to each of the Borrower Leases: (i) each Borrower has been in peaceful possession of the property leased thereunder and neither Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has not violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any Borrower under any of such Borrower Leases have been fully, timely and properly performed, except where failure to so perform would not, in Lender’s sole but reasonable discretion, result in a Material Adverse Effect. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has not received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the Borrower Leases will be renewed only at higher rents.

Appears in 1 contract

Samples: Credit Agreement (Social Reality)

Real Property Leases. Except for ordinary the leases for office space disclosed described in the SEC Documents Schedule 7.18(b) (the “Borrower Leases”), no Borrower leases any other Real Property. With respect to each of the Borrower Leases: (i) each the applicable Borrower has been in peaceful possession of the property leased thereunder and neither such Borrower nor the landlord is in default thereunder; (ii) no waiver, indulgence or postponement of any of the obligations thereunder has been granted by any the applicable Borrower or landlord thereunder; and (iii) there exists no event, occurrence, condition or act known to any the applicable Borrower which, upon notice or lapse of time or both, would be or could become a default thereunder or which could result in the termination of the Borrower Leases, or any of them, or have a Material Adverse Effect. No Borrower has violated nor breached any provision of any such Borrower Leases, and all obligations required to be performed by any a Borrower under any of such Borrower Leases have been fully, timely and properly performed. Each Borrower has delivered to the Lender true, correct and complete copies of all Borrower Leases, including all modifications and amendments thereto, whether in writing or otherwise. No Borrower has received any written or oral notice to the effect that any of the Borrower Leases will not be renewed at the termination of the term of such Borrower Leases, or that the any of such Borrower Leases will be renewed only at higher rents.

Appears in 1 contract

Samples: Credit Agreement (Speedemissions Inc)

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